Thread: 
SubscribeI am really curious how does the price of the cryptocurrency, like Etherium increase and fall.
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#1
I am really curious how does the price of the cryptocurrency, like Etherium increase and fall.
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Unregistered (1 )
#2
It has something to do with the human greed and price manipulation. The value also depends on the statement coming from a well known person.
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#3
The price is dictated a good part by speculation, but also by mining profitability. At the current price point (~250 to ~280 depending on what minute you look) the profitability of mining Ethereum with a mid-to-top end graphics card is about $80/month (~700% return on the electricity cost). When it was $300-400 the profitability was considerably higher, giving miners a strong incentive to sell.
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#4
The mining profitability affects Ethereum price. Aside from that, the exchanges also take a huge part on it. There was a time when some exchanges stopped accepting new users because of the increased interest in cryptocurrency.
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#5
Thank you! Now, I understand the factors that affect the movement of Ethereum.Originally Posted by Aya
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Unregistered (1 )
#6
The same factors that affects other cryptocurrencies affect ethereum. The forces of demand and supply can change the prices. The news can trigger over buying or over selling. It is a very news sensitive coin.
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#7
News announcements really do have a great impact on the rise or fall of a cryptocurrency's price. Investors move according the news and the trend moves according the investors' move.
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#8
Today cryptocurrencies (Buy Crypto) have become a global phenomenon known .... Since the difficulty of this puzzle increases the amount of computer power the whole ... If you really think about it, Bitcoin, as a decentralized network of peers that .... Ripple, unlike Bitcoin and Ethereum, has no mining since all the coin
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#9
The main fundamental factors affecting the price of Ethereum include the demand for ether to participate in the ICO and the demand for ether to participate in DeFi projects (such as Compound or Synthetix). Proposal factors include miners selling mined cryptocurrencies to pay expenses, and dumping the collected airtime with ICO projects, all this increases the ETH supply on the market. The net monthly sales pressure is expected to remain negative during 2019 (i.e. there will be more sellers than buyers on exchanges).
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Trader_Rob (12-10-2019)
#10
Very well said, mate. In other words, the market price of Ethereum really does depend on the market movement of its investors, right?
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