So this over saturation of the ICO market using ethereum as their outlet for payment gateway, smart contractual agreements, banking system platforms, etc etc is the root cause of it's devaluation?
It has seen a significant drop in the last two weeks because of these. From it's peak at somewhere near 0.145btc to 0.110btc where it is at now.
https://betanews.com/2017/06/15/bitcoin-ethereum-massive-price-corrections-post-record-prices
Topic: Ethereum ICOs should cash in slowly overtime. (Read 498 times)
So many ICOs start in those days and most ICO support ETH. So much useless tran in ETH network.
Hope dev can solve those problems and make ETH grate again.
Hope dev can solve those problems and make ETH grate again.
Good statement I think, make sense what ICOs could influence rise and dump of ethereum as mostly new projects based on ethereum blockchain. Devs team must secure their money to convert into fiat money instead of fluctuate altcoins, 30 Billion USD should make huge decline of ethereum obviously, maybe keep decreasing under $200
they couldn't get 300 million out without making a near fatal dent. think how much money is actually on exchanges, not in fictional market cap. the only thing that counts is that available money.
If this price retraction is due to the ICOs cashing in, there should be a limit on how quickly they can cash in ... to avoid market disruption like today......
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I was thinking those ICOs recently, including yesterday's 67 million, those must have been cashing in last days, hence helping the price down. Yesterday's 67 million, at least some part of it will be cashed in this week, if it is not being right now.. again keeping the price down.
This combined with the retraction following the surges from 2 - 3 weeks ago .... Pretty normal that the price has retracted somewhat. The ICOs are totaling what , 500 million cashed in so far ? If that. Out of 30 Billion USD market cap, the price retraction must be largely due to market/demand and not just ICOs.
So in the mid-to-ongoing term these ICOs will help keeping the price down. But these ICOs are necessary. They are part of the coin community and help us grow. In the longterm the ICOs help ithe masses recognizing coin money as an alternative to paper/electronic money monopoly.
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I was thinking those ICOs recently, including yesterday's 67 million, those must have been cashing in last days, hence helping the price down. Yesterday's 67 million, at least some part of it will be cashed in this week, if it is not being right now.. again keeping the price down.
This combined with the retraction following the surges from 2 - 3 weeks ago .... Pretty normal that the price has retracted somewhat. The ICOs are totaling what , 500 million cashed in so far ? If that. Out of 30 Billion USD market cap, the price retraction must be largely due to market/demand and not just ICOs.
So in the mid-to-ongoing term these ICOs will help keeping the price down. But these ICOs are necessary. They are part of the coin community and help us grow. In the longterm the ICOs help ithe masses recognizing coin money as an alternative to paper/electronic money monopoly.
Quote for reference.
Good statement I think, make sense what ICOs could influence rise and dump of ethereum as mostly new projects based on ethereum blockchain. Devs team must secure their money to convert into fiat money instead of fluctuate altcoins, 30 Billion USD should make huge decline of ethereum obviously, maybe keep decreasing under $200
they don't care about you or any other holders. they want to secure their funds. if they're sensible they'll do it slowly but in case anyone hadn't noticed there's an awful lot of icos who all want those dollars. not all of them are gonna win out.
If this price retraction is due to the ICOs cashing in, there should be a limit on how quickly they can cash in ... to avoid market disruption like today......
==========
I was thinking those ICOs recently, including yesterday's 67 million, those must have been cashing in last days, hence helping the price down. Yesterday's 67 million, at least some part of it will be cashed in this week, if it is not being right now.. again keeping the price down.
This combined with the retraction following the surges from 2 - 3 weeks ago .... Pretty normal that the price has retracted somewhat. The ICOs are totaling what , 500 million cashed in so far ? If that. Out of 30 Billion USD market cap, the price retraction must be largely due to market/demand and not just ICOs.
So in the mid-to-ongoing term these ICOs will help keeping the price down. But these ICOs are necessary. They are part of the coin community and help us grow. In the longterm the ICOs help ithe masses recognizing coin money as an alternative to paper/electronic money monopoly.
==========
I was thinking those ICOs recently, including yesterday's 67 million, those must have been cashing in last days, hence helping the price down. Yesterday's 67 million, at least some part of it will be cashed in this week, if it is not being right now.. again keeping the price down.
This combined with the retraction following the surges from 2 - 3 weeks ago .... Pretty normal that the price has retracted somewhat. The ICOs are totaling what , 500 million cashed in so far ? If that. Out of 30 Billion USD market cap, the price retraction must be largely due to market/demand and not just ICOs.
So in the mid-to-ongoing term these ICOs will help keeping the price down. But these ICOs are necessary. They are part of the coin community and help us grow. In the longterm the ICOs help ithe masses recognizing coin money as an alternative to paper/electronic money monopoly.
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