ETH is crashing - page 2. | Bitcointalksearch.org

Casabrandy

hero member

Activity: 837

Merit: 500

Quote from: TrumpD on July 11, 2017, 05:15:23 AM

Yep, the ICOs are dumping their eth, and they are dumping hard. Too any "projects" were used eth and I figure they are cashing in now. Expect the price to fall further and sell sub $100.

The are not the one to blame for ETH dump. All cryptocurrency right now are all on dump status if you don't know. Maybe this is the effect of split craze madness. Some whales are playing on crypto market right now.

TrumpD

sr. member

Activity: 602

Merit: 265

Yep, the ICOs are dumping their eth, and they are dumping hard. Too any "projects" were used eth and I figure they are cashing in now. Expect the price to fall further and sell sub $100.

SvenBomvolen

hero member

Activity: 588

Merit: 500

Quote from: abilger on July 11, 2017, 02:52:10 AM

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

Bitcoin is in red also. Must be the bigger mass of people really panic because of SegWit and decided to cash out their coins while the price is high. I don't plan to join, I have couple of ETH and a little of BTC, I will just wait, because of I am sure even if a drop will be somehow serious the price will come back on it's previous level and higher.

Metros

full member

Activity: 308

Merit: 100

Quote from: Pierre 2 on July 11, 2017, 05:00:43 AM

This is not crashing, this is market fixing itself.
Bubble was too big to pass. Now its melting thankfully. We may have more healthy prices.

Less whales

Pierre 2

legendary

Activity: 2436

Merit: 1366

This is not crashing, this is market fixing itself.
Bubble was too big to pass. Now its melting thankfully. We may have more healthy prices.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: abilger on July 11, 2017, 02:52:10 AM

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

They were rushing to save their money into the fiat balance that will be securing them from the massive dump before the fork of bitcoin will be happening. Those keeping the ico balance of ethereum already invested in the ICOs.
That gives the more supply to the market. Looks the panic sell already happened in this time. I've seen the someone ( i believe the ico) try to dump the ethereum to the market.

Metros

full member

Activity: 308

Merit: 100

Yeah most recent big ICO's sold their ETH's for FIAT.

Instead of doing it step by step, like 1% a month, they are doing it like 10%/25% at once.

This is why people should wake up and stop blindly send money to ICO's.

If an ICO want more then $10M, have some deep doubts about it.

All this $100M ICO's, think about it like that: you simply fuckup your own portfolio. as right away they will convert it to FIAT and you lose.

Fioraver

full member

Activity: 472

Merit: 100

Gamblica Pre-Sale launch 01.03.2018!

that is BTC segwit on 1 Aug, what the matter about ETH??

gedor

sr. member

Activity: 658

Merit: 255

it is not related to august 1, even if there is no august 1 issue we would see the same scenerio.

shamzblueworld

hero member

Activity: 714

Merit: 500

Quote from: abilger on July 11, 2017, 02:52:10 AM

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

Yes, but probably not for long. After August 1 saga is over, everything is gonna go towards normal again and the top coins like Eth are gonna get back to their best as well.
So, its just a phase, I don't think anything is at loss at the moment.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: crazyivan on July 11, 2017, 04:00:57 AM

I think it started cause of SegWit. What we have now is good old panic.

It ll pass in a few days, we ve seen this before.

It s also great time to buy.

Eth is now worth $190 but there was a time when it dropped even more than now. Now might be an indeed good time to buy some but as I once bought eth and got it stolen, I just don't feel like buying right now.
I agree that this is definitely not a reason to panic, everything will return to normal in a few days.
Perhaps now is also a good time to buy ltc even though it is not suffering much from current big drop of prices.

Abricotier

member

Activity: 93

Merit: 10

Quote from: abilger on July 11, 2017, 02:52:10 AM

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

ICOs wallets are being watched tightly, the developpers can not sell just like that. And to this day I have not seen any ICO that succeeded that had nothing backing it Roll Eyes

...

Quote from: crazyivan on July 11, 2017, 04:00:57 AM

I think it started cause of SegWit. What we have now is good old panic.

It ll pass in a few days, we ve seen this before.

It s also great time to buy.

I concur. SegWit created this panic, and it is a great time to buy.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

I think it started cause of SegWit. What we have now is good old panic.

It ll pass in a few days, we ve seen this before.

It s also great time to buy.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: abilger on July 11, 2017, 02:52:10 AM

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

Yeah its all red

Majority reason i would say is due to The Segwit implementation, because everyone hate changes

For the next point you mentioned, it could be valid because they need real fiat to purchase, hire and other expenses

But i think they don't sell in mass i suppose

abilger

jr. member

Activity: 58

Merit: 10

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

Topic: ETH is crashing - page 2. (Read 2130 times)