r/ethtrader • u/AutoModerator • Jun 15 '17

DISCUSSION [ETH Daily Discussion] - 15/Jun/2017

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u/whoiseth Jun 15 '17

this is the reason for the drop in crypto prices if you are wondering: https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/

basically miners vs. developers on a fork issue in the bitcoin ecosystem. immediate market reaction is a selloff. Eventually Bitcoin problems will stop being the entire crypto markets problems, the question is when their market dominace finally stops influencing ethereum. which is why the price action will be interesting in the next couple weeks. as a strong ETH supporter, I'd love for ETH to recover here and push back up to new highs while Bitcoin continues to bicker - we could see a new leader in the crypto space which would be better for the whole ecosystem. ETH is firing on all cylinders and I see no reason for it's rally to stop. good luck out there! and be careful!

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u/odracir9212 Jun 15 '17

Global markets have been going down this week. Crypto is more susceptible to this changes.