Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
crispynougat
on 08/09/2018, 21:43:29 UTC
Why does the price drop so much? Can someone tell me that? IS THIS THE END? Sad

Price has been dropping all year. Why are you surprised.

Basically when a coin can't rally on good news like the future ETH futures or ETH issuance reduction then its very bad. Kind of what happened with BTC in 2014. Good news came out but it went down anyways.

Basically too many ICOs cashing out and too many people sitting at 80-90% losses who can't take it anymore and they are withdrawing whatever money they have left before it turns into $0.
Agree, arguably the ride or even a fall in the price of a coin is a very commonplace thing going on in his, because many crypto ICO that failed and it had to force investors to immediately pull their money so as not to be a very big loss.