It did lose some ground around that time but getting closer to $400 is because the whole market has been in a recent downtrend
Facebook just changed its policy toward crypto advertisements and hopefully other social media platforms will do the same which should solve some issues
Topic: Ethereum is taking a direct beating from twitter, FB, google. Might fall to $400 (Read 339 times)
June 29, 2018, 04:25:05 AM
March 26, 2018, 12:23:19 PM
It looks like I was unfortunately correct, and the market has turned more bearish. ETH has now dipped to $472, at the time of writing this.
@Coingrinder:
I'm not here to mince words, but it looks like the ads did have an impact and are continuing to have an impact on keeping the price down.
Added to that, someone just told me that Medium is now banning crypto ads!
@lider1971
I really like your take on this. It's not the ads themselves but that main sources of crypto info and crypto news are getting censored per se.
Now I can't find info anywhere saying that Medium is actually banning crypto articles... but if this is true, we're going to see another massive drop. If ETH hits $300, that's certainly a steal within a steal. No doubt, whichever ERC20 token you're interested in will be that cheap too. I'd advise buying into it hard at that point lol.
Medium is a huge crypto news source, in fact, I'd argue that it's the only news site for crypto. You have twitter, then the company blogs of coins, and then you have Medium. In fact, most alts' sites have a “Blog” link that simply redirects you to their Medium blog page.
So it's really going to be serious if Medium bans crypto. An effect that would send prices tumbling very hard and too much panic. You'll have over 20 coins scrambling to find another place for their blogs, and they'll have to immediately create a blog section on their respective sites.
Would be chaos.
@Coingrinder:
Quote
Although ads do help bring in new investors, I don't see it having a tremendous impact .
I'm not here to mince words, but it looks like the ads did have an impact and are continuing to have an impact on keeping the price down.
Added to that, someone just told me that Medium is now banning crypto ads!
@lider1971
Quote
Blocks in the main information portals are likely to be very negatively displayed at the real market price of most projects. They have too much influence on capitalization.
I really like your take on this. It's not the ads themselves but that main sources of crypto info and crypto news are getting censored per se.
Now I can't find info anywhere saying that Medium is actually banning crypto articles... but if this is true, we're going to see another massive drop. If ETH hits $300, that's certainly a steal within a steal. No doubt, whichever ERC20 token you're interested in will be that cheap too. I'd advise buying into it hard at that point lol.
Medium is a huge crypto news source, in fact, I'd argue that it's the only news site for crypto. You have twitter, then the company blogs of coins, and then you have Medium. In fact, most alts' sites have a “Blog” link that simply redirects you to their Medium blog page.
So it's really going to be serious if Medium bans crypto. An effect that would send prices tumbling very hard and too much panic. You'll have over 20 coins scrambling to find another place for their blogs, and they'll have to immediately create a blog section on their respective sites.
Would be chaos.
March 22, 2018, 08:48:39 AM
Allot of the dip is due to EOS dumping a whole bunch of ETH onto the market.
Eth they received during their ICO. On top of it being allot to dump on the market it also made a few investors feel slightly insecure and question the long term success of the platform.
Eth they received during their ICO. On top of it being allot to dump on the market it also made a few investors feel slightly insecure and question the long term success of the platform.
March 22, 2018, 08:22:19 AM
Ethereum is taking a huge beating, and we've all seen that. It started out at 1.1k earlier this month, but today it fell to nearly $490.
People might argue that ethereum is falling because of BTC, and that's generally true. When BTC falls, it usually takes with it other alts, like eth. But there are certain times when eth skyrocketed while BTC fell – like when BTC was congested and people flocked to eth for their transactions.
But now that bitcoin's transaction fees and speed aren't issues, there's no reason for anyone to flock to eth while btc is falling. So eth falls to the mercy of BTC's drop in price.
But Google's new Ad regulations are directly affecting eth more than any other crypto. Why? Because most scam ICOs are ERC20 tokens. Now that the scammers can't hype up their tokens through Google, they might be dropping their plans. And remember that people have been outward about 90 percent of ICOs being scams. And when there's less ICOs, there's less ICO investors.
Plus, the SEC has launched new regulations and investigations into ICOs, which are also predominantly ERC20 tokens. People are being scared away.
And to add to the FUD, even Twitter is banning ICOs and even crypto wallets. Ethereum wallets are actually more in demand than bitcoin wallets because they encompass a wider variety of crypto due to all the different ERC20 tokens that are on the eth blockchain.
So you have FB, twitter, and google – the three whales of social media all banning predominantly ERC20 token ads. Thus, there's a significant amount of people flocking from eth because the money is leaving.
I believe when twitter comes out officially with the ad ban announcement, we'll see a further drop in eth to about the middle of $400. I think this is a good bottom for Eth. I don't see Eth falling below $350, and if it does, then that's a huge steal.
Eth is still a leading cryptocurrency with its versatile and innovative features. It still attracts legitimate startups to its blockchain given the ease of creating an ERC20 token. And there are far too many legitimate companies built on the eth blockchain.
Eth should honestly be near BTC's price a lot more than Bitcoin Cash. So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
Once everything has stabilized we should see a clear growth in Eth's price.
People might argue that ethereum is falling because of BTC, and that's generally true. When BTC falls, it usually takes with it other alts, like eth. But there are certain times when eth skyrocketed while BTC fell – like when BTC was congested and people flocked to eth for their transactions.
But now that bitcoin's transaction fees and speed aren't issues, there's no reason for anyone to flock to eth while btc is falling. So eth falls to the mercy of BTC's drop in price.
But Google's new Ad regulations are directly affecting eth more than any other crypto. Why? Because most scam ICOs are ERC20 tokens. Now that the scammers can't hype up their tokens through Google, they might be dropping their plans. And remember that people have been outward about 90 percent of ICOs being scams. And when there's less ICOs, there's less ICO investors.
Plus, the SEC has launched new regulations and investigations into ICOs, which are also predominantly ERC20 tokens. People are being scared away.
And to add to the FUD, even Twitter is banning ICOs and even crypto wallets. Ethereum wallets are actually more in demand than bitcoin wallets because they encompass a wider variety of crypto due to all the different ERC20 tokens that are on the eth blockchain.
So you have FB, twitter, and google – the three whales of social media all banning predominantly ERC20 token ads. Thus, there's a significant amount of people flocking from eth because the money is leaving.
I believe when twitter comes out officially with the ad ban announcement, we'll see a further drop in eth to about the middle of $400. I think this is a good bottom for Eth. I don't see Eth falling below $350, and if it does, then that's a huge steal.
Eth is still a leading cryptocurrency with its versatile and innovative features. It still attracts legitimate startups to its blockchain given the ease of creating an ERC20 token. And there are far too many legitimate companies built on the eth blockchain.
Eth should honestly be near BTC's price a lot more than Bitcoin Cash. So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
Once everything has stabilized we should see a clear growth in Eth's price.
I also heard somewhere that EOS team was dumping ETH and then there was other fud that may have caused panic in investors. It's a good time to buy but not so great time to sell. I think it should recover fine once fud settles down but I'm not sure if it'll reach $1000 anytime soon.
March 22, 2018, 08:19:09 AM
ethereum is multibillion smart contract, isn't it obvious that people will make FUD out of it. people wants to earn money by spreading bad news all over the network. only weak hands will suffer because for me, ETH is one of the best crypto out there.
March 22, 2018, 08:02:17 AM
eth is second big coin on market , many ICOs are still based on ethereum network so many people who wants to join an ICO needs eth. As I always say eth must be at least 0.1 btc but not less. Cuz we all somehow use eth network. We all use eth for transactions. 700k transactions has made yesterday by users. Which coin has such a huge transactions number ? If you look ETH daily RSI graphic you can see its just on dip. And it will turn soon. If you have eth you will never regret for long term !!
March 22, 2018, 06:47:26 AM
I think its just a bit true as yeah ethereum was fed with all those ico advertisements. But I personally believe altcoins are in general downfall affected not only by bitcoin, they just corrected themselves after bubble too. Ether will recover so.
March 22, 2018, 02:53:00 AM
The problem is that Google, FB, twit etc too significantly influenced the flow of new money into the crypt, now when they start to impose restrictions it can kill the lion's share of the influx of investors.
March 21, 2018, 04:33:13 PM
Ethereum is taking a huge beating, and we've all seen that. It started out at 1.1k earlier this month, but today it fell to nearly $490.
People might argue that ethereum is falling because of BTC, and that's generally true. When BTC falls, it usually takes with it other alts, like eth. But there are certain times when eth skyrocketed while BTC fell – like when BTC was congested and people flocked to eth for their transactions.
But now that bitcoin's transaction fees and speed aren't issues, there's no reason for anyone to flock to eth while btc is falling. So eth falls to the mercy of BTC's drop in price.
But Google's new Ad regulations are directly affecting eth more than any other crypto. Why? Because most scam ICOs are ERC20 tokens. Now that the scammers can't hype up their tokens through Google, they might be dropping their plans. And remember that people have been outward about 90 percent of ICOs being scams. And when there's less ICOs, there's less ICO investors.
Plus, the SEC has launched new regulations and investigations into ICOs, which are also predominantly ERC20 tokens. People are being scared away.
And to add to the FUD, even Twitter is banning ICOs and even crypto wallets. Ethereum wallets are actually more in demand than bitcoin wallets because they encompass a wider variety of crypto due to all the different ERC20 tokens that are on the eth blockchain.
So you have FB, twitter, and google – the three whales of social media all banning predominantly ERC20 token ads. Thus, there's a significant amount of people flocking from eth because the money is leaving.
I believe when twitter comes out officially with the ad ban announcement, we'll see a further drop in eth to about the middle of $400. I think this is a good bottom for Eth. I don't see Eth falling below $350, and if it does, then that's a huge steal.
Eth is still a leading cryptocurrency with its versatile and innovative features. It still attracts legitimate startups to its blockchain given the ease of creating an ERC20 token. And there are far too many legitimate companies built on the eth blockchain.
Eth should honestly be near BTC's price a lot more than Bitcoin Cash. So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
Once everything has stabilized we should see a clear growth in Eth's price.
People might argue that ethereum is falling because of BTC, and that's generally true. When BTC falls, it usually takes with it other alts, like eth. But there are certain times when eth skyrocketed while BTC fell – like when BTC was congested and people flocked to eth for their transactions.
But now that bitcoin's transaction fees and speed aren't issues, there's no reason for anyone to flock to eth while btc is falling. So eth falls to the mercy of BTC's drop in price.
But Google's new Ad regulations are directly affecting eth more than any other crypto. Why? Because most scam ICOs are ERC20 tokens. Now that the scammers can't hype up their tokens through Google, they might be dropping their plans. And remember that people have been outward about 90 percent of ICOs being scams. And when there's less ICOs, there's less ICO investors.
Plus, the SEC has launched new regulations and investigations into ICOs, which are also predominantly ERC20 tokens. People are being scared away.
And to add to the FUD, even Twitter is banning ICOs and even crypto wallets. Ethereum wallets are actually more in demand than bitcoin wallets because they encompass a wider variety of crypto due to all the different ERC20 tokens that are on the eth blockchain.
So you have FB, twitter, and google – the three whales of social media all banning predominantly ERC20 token ads. Thus, there's a significant amount of people flocking from eth because the money is leaving.
I believe when twitter comes out officially with the ad ban announcement, we'll see a further drop in eth to about the middle of $400. I think this is a good bottom for Eth. I don't see Eth falling below $350, and if it does, then that's a huge steal.
Eth is still a leading cryptocurrency with its versatile and innovative features. It still attracts legitimate startups to its blockchain given the ease of creating an ERC20 token. And there are far too many legitimate companies built on the eth blockchain.
Eth should honestly be near BTC's price a lot more than Bitcoin Cash. So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
Once everything has stabilized we should see a clear growth in Eth's price.
In fact, people in a panic just withdraw money, because I do not understand how in the future the latest developments will affect the market as a whole. ETH is just an example, a similar situation exists in other projects.
March 21, 2018, 02:32:56 AM
Blocks in the main information portals are likely to be very negatively displayed at the real market price of most projects. They have too much influence on capitalization.
March 20, 2018, 04:52:31 PM
-snip-
When it comes to dominance then erc20 projects is more common and do have most in number and with this such restriction I can say you do have a point regarding to your view that price might really affect even more when those restrictions have been already implemented.We wont know if it would only affect erc20 token mainly but I do presume all coins will be affected with this one. March 20, 2018, 04:44:26 PM
Did the banning of porn ads from a various number of companies have a negative effect on the porn industry??
ICO's will just advertise more specifically, and will create a new niche industry specifically for ICO's to promote. And, at this point many people investing in ICOs search them out and research them. Although ads do help bring in new investors, I don't see it having a tremendous impact .
Look at industries like Pornography, or other similar industries. Blockchain tech is changing the internet altogether, and we may very well be using new search engines and social media sites altogether in the not so distant future.
Twitter may be getting prepped to launch it's own ICO.. Might be a good time to buy some of their stock. I'm sure the telegram ICO money raised perked the interest of Twitter and it's shareholders. I wouldn't be surprised if they launched their own.
ICO's will just advertise more specifically, and will create a new niche industry specifically for ICO's to promote. And, at this point many people investing in ICOs search them out and research them. Although ads do help bring in new investors, I don't see it having a tremendous impact .
Look at industries like Pornography, or other similar industries. Blockchain tech is changing the internet altogether, and we may very well be using new search engines and social media sites altogether in the not so distant future.
Twitter may be getting prepped to launch it's own ICO.. Might be a good time to buy some of their stock. I'm sure the telegram ICO money raised perked the interest of Twitter and it's shareholders. I wouldn't be surprised if they launched their own.
March 20, 2018, 04:35:14 PM
It doesn't matter, ICO's will never stop and Ethereum will always be useful in this economy. Like it or not that's the reality. I'm not a fan of Ethereum but I use it as well.
March 20, 2018, 04:03:09 PM
I think ETH was overevaluated. That's why its price is getting a correction. Price of ETH might increase in the future. But for the use of ETH, it is overevaluate i think. We only use ETH to buy other ICO and for the transfers fees. ETH is also too slow. And there is too much scams ICO. The new dev should try to look at other blockchain. I have a little ETH, but it is only used to buy ICO or transfers fees.
Vitalik and the other eth devs are fixing the cryptokitties problem, and from what I've seen, they're doing well. Eth is a lot less congested now and it's way faster. Using only 1 gas at 2100 gwei, my transactions have succeeded in only 10 to 20 minutes sometimes! That's pretty dang good.
This only implies that bitcoin is the mother of all crypto. If bitcoin falls down, expect that altcoins will follow. even if that is a big altcoin like ethereum, neo, ripple etc..
So if you said that bitcoin will die then all of the crypto will follow. and i am very sure that it will never happen. Bitcoin will stay here up to next generations.
So if you said that bitcoin will die then all of the crypto will follow. and i am very sure that it will never happen. Bitcoin will stay here up to next generations.
Not sure if this is spam or a reply to someone else. But this thread is about Ethereum, and you're randomly inserting something about bitcoin and altcoins. I never really mentioned BTC and never said BTC would be crushed by ETH or anything at all like that.
Its not just the ETH that is affected although more ICOs are using the ethereum platform, its not directly aimed to them but to all platform like NEO and waves, they all suffer the same misfortune. The sudden come back is the most awaited when finally we can see price climbing. We'll see how things will do. Take the opportunity to buy now because the ATH price last year may be the cheapest price in the next few months.
Neo and Waves and other less-known alts do have coins built on top of them. The thing is, Neo, Waves, and these other alts probably have less than a handful of tokens built on them. I remember back in the Fall when the first token to be built on Neo came out. It was a huge deal.
But I guess now Neo is getting more popular with ICOs and coins built on it. I found this: https://www.reddit.com/r/NEO/comments/7lcsam/neo_has_27_icos_coming_to_its_platform_here_is_a/ so it looks like Neo has more than 27 tokens built on it! If that's true, then Neo certainly will be hit hard by the ad blocking campaign by twitter, fb, and google.
Why you are watching only the ETH dollar value? ETH is at 500 level because BTC is low as 8.5K.
You must watch BTC <> ETH value.
ETH is very strong, with very large user base. It may fall to $400, but then BTC must be 6K.
You must watch BTC <> ETH value.
ETH is very strong, with very large user base. It may fall to $400, but then BTC must be 6K.
Eth is now a special case now that you can buy it with fiat. Other alts depend highly on BTC's value because no exchange allows you to buy that alt directly with fiat. But Ethereum is one of the alts on major exchanges that allow fiat purchases – and they let you directly purchase ethereum with fiat.
Thus, Eth is more independent of BTC's price than other alts. Although, yes, Eth's price is still somewhat tied to BTC's value.
So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
20x, eh?What the reason? I agree that ETH is most popular blockchain for ICOs (with working smart contracts), but it has some disadvantages: The number of transactions per second leaves much to be desired.
You have a very good point, but as I've stated in my followup post, there are new sidechain developments that allow for an increase in tx per second, although not directly occurring on the ethereum network, but are still linked to the eth network overall.
March 20, 2018, 09:39:31 AM
So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
20x, eh?What the reason? I agree that ETH is most popular blockchain for ICOs (with working smart contracts), but it has some disadvantages: The number of transactions per second leaves much to be desired.
March 20, 2018, 07:58:24 AM
I don't understand this effect of scam ICOs and ethereum. Then we can say that with lots of great projects built on ethereum, it will moon though it falls now due to the scam ico.
March 20, 2018, 07:52:51 AM
Ethereum is taking a huge beating, and we've all seen that. It started out at 1.1k earlier this month, but today it fell to nearly $490.
People might argue that ethereum is falling because of BTC, and that's generally true. When BTC falls, it usually takes with it other alts, like eth. But there are certain times when eth skyrocketed while BTC fell – like when BTC was congested and people flocked to eth for their transactions.
But now that bitcoin's transaction fees and speed aren't issues, there's no reason for anyone to flock to eth while btc is falling. So eth falls to the mercy of BTC's drop in price.
But Google's new Ad regulations are directly affecting eth more than any other crypto. Why? Because most scam ICOs are ERC20 tokens. Now that the scammers can't hype up their tokens through Google, they might be dropping their plans. And remember that people have been outward about 90 percent of ICOs being scams. And when there's less ICOs, there's less ICO investors.
Plus, the SEC has launched new regulations and investigations into ICOs, which are also predominantly ERC20 tokens. People are being scared away.
And to add to the FUD, even Twitter is banning ICOs and even crypto wallets. Ethereum wallets are actually more in demand than bitcoin wallets because they encompass a wider variety of crypto due to all the different ERC20 tokens that are on the eth blockchain.
So you have FB, twitter, and google – the three whales of social media all banning predominantly ERC20 token ads. Thus, there's a significant amount of people flocking from eth because the money is leaving.
I believe when twitter comes out officially with the ad ban announcement, we'll see a further drop in eth to about the middle of $400. I think this is a good bottom for Eth. I don't see Eth falling below $350, and if it does, then that's a huge steal.
Eth is still a leading cryptocurrency with its versatile and innovative features. It still attracts legitimate startups to its blockchain given the ease of creating an ERC20 token. And there are far too many legitimate companies built on the eth blockchain.
Eth should honestly be near BTC's price a lot more than Bitcoin Cash. So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
Once everything has stabilized we should see a clear growth in Eth's price.
People might argue that ethereum is falling because of BTC, and that's generally true. When BTC falls, it usually takes with it other alts, like eth. But there are certain times when eth skyrocketed while BTC fell – like when BTC was congested and people flocked to eth for their transactions.
But now that bitcoin's transaction fees and speed aren't issues, there's no reason for anyone to flock to eth while btc is falling. So eth falls to the mercy of BTC's drop in price.
But Google's new Ad regulations are directly affecting eth more than any other crypto. Why? Because most scam ICOs are ERC20 tokens. Now that the scammers can't hype up their tokens through Google, they might be dropping their plans. And remember that people have been outward about 90 percent of ICOs being scams. And when there's less ICOs, there's less ICO investors.
Plus, the SEC has launched new regulations and investigations into ICOs, which are also predominantly ERC20 tokens. People are being scared away.
And to add to the FUD, even Twitter is banning ICOs and even crypto wallets. Ethereum wallets are actually more in demand than bitcoin wallets because they encompass a wider variety of crypto due to all the different ERC20 tokens that are on the eth blockchain.
So you have FB, twitter, and google – the three whales of social media all banning predominantly ERC20 token ads. Thus, there's a significant amount of people flocking from eth because the money is leaving.
I believe when twitter comes out officially with the ad ban announcement, we'll see a further drop in eth to about the middle of $400. I think this is a good bottom for Eth. I don't see Eth falling below $350, and if it does, then that's a huge steal.
Eth is still a leading cryptocurrency with its versatile and innovative features. It still attracts legitimate startups to its blockchain given the ease of creating an ERC20 token. And there are far too many legitimate companies built on the eth blockchain.
Eth should honestly be near BTC's price a lot more than Bitcoin Cash. So I feel as though Eth is at least 20x undervalued, but you won't see that value until all this regulation FUD clears.
Once everything has stabilized we should see a clear growth in Eth's price.
I still don't know what's the connection between the bashing of ethereum in social media sites and it's price. Anyway, right now is actually the best time to buy more eth because we know that it is going to sky rocket to the moon in the next months. We will be back on track.
March 20, 2018, 07:26:49 AM
This is one of the most objective insights into the current market condition. ETH is going to have it rough these next few, but the tech is really great! Nothing to worry about if you're in for what the platform does and not speculation
March 20, 2018, 04:48:36 AM
Why you are watching only the ETH dollar value? ETH is at 500 level because BTC is low as 8.5K.
You must watch BTC <> ETH value.
ETH is very strong, with very large user base. It may fall to $400, but then BTC must be 6K.
You must watch BTC <> ETH value.
ETH is very strong, with very large user base. It may fall to $400, but then BTC must be 6K.
March 20, 2018, 04:26:16 AM
Because ethereum can be bigger than all of them, and all these new decentralized web is a big threat to business of google and other tech companies.
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