Ethereum is the cause of the dump on the market.

bdc2343

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Quote from: elcoblast on December 19, 2018, 02:00:54 PM

i don't care althought ethereum are dumped in market, i'll bought more and more Ethereum as i can in market, so sell your Ethereum now, i bought in cheap price for your Ethereum hahaha

This is also what I want to ask, why are so many stupid people selling their coin cheap? And most people say that I'm afraid and in the future they will continue to decline and disappear. But I agree that it lives forever, I just listen but do not believe Grin

dmcx

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Quote from: KOF97 on December 20, 2018, 04:10:28 AM

You are right, because more than 70% of tokens in the crypto market come from Ethereum. When traders start selling tokens, the price of Ethereum will drop sharply.

I do not think so, this fall may be due to bitcoin, Ethereum simply coincide at that time was like that. The fall in price of bitcoin fell sharply, followed by eth and other altcoins Huh

Ridwan Fauzi

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Why don't you blame Bitcoin because the forerunner to the market cryptocurrency is bitcoin? Each market has its own investors, be it whales or people who have had investments in ethereum for a long time. The decline in the altcoin market is due to the market conditions itself, although a regulation from various parties has also helped reduce prices. So, this time is not the time for us to blame each other, all we need to do is make cryptocurrency even better, remove bad image that is in cryptocurrency so that every new person who comes to invest in them is convinced that cryptocurrency will give them profits.

khufuking

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That is totally not true, why you put the blame on Ethereum! If Ethereum was not there we would still see ICO run and collect BTC, LTC, and other coins, Ethereum for sure helped in making ICO a trending thing but you can't really blame technology on something it misses used with, Ethereum offered something and a lot of scammers used it in the wrong way does not make it Ethereum fault.

Ociwiw

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All ICOs that are built on the Ethereum platform, if they can make a dump, then most likely it will only affect this coin, and not the entire market!

Iykecollinz

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Though there is no scientific proof to this but it appears to have some element of truth in it. Throughout the bear season, Etherium never had any major reversal just like so many other altcoins including btc. And the current price level is the main reason why some ICO's are finding it to reach their soft cap while the hard cap is a far cry. This was also found on some other token based coins such as waves and Neo.

Crypt0BHunter

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In my humble opinion Etherium is a victim of the bear dumping market, with all of those ICOs projects which have sold of their etherium in deep

ellensmith025

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Previously, it was possible, but not with the current realities. In November, the ico collection collected only $ 65 million, this amount is not capable of affecting the fall in eth value. This platform has a lot of problems that affect the value of the coin. I hope the upcoming update will solve most of the problems.

sirengutou

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I do not think so. Instead, I think market dumping is caused by sharks and scams because they hold a lot of crypto, and when they choose to sell, the price of crypto will drop dramatically.

DeltaX

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Quote from: Golstrim on December 20, 2018, 05:47:24 AM

Don't blame on ethereum,man! For sure, market has dumped , but you know, it means nothing! BTC was dumped as well and multiple ICOs isn't a reason for market decline!

Yeah there's so many factors out there that make the dumping into realization and ETH is one of them but can't entirely put all the blame to ETH, yes the ICO fund raising might trigger more market dumping when people are withdrawing the money but there's another coin that could have the same big impact aswell.

1cak

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we cannot fully blame ethereum because many fake projects use their contract smart platform, ethereum has bought a platform that is very useful for industrial needs, but many are misused to make scam ico

batang_bitcoin

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Blame the ICOs but not ethereum.

These ICO tokens has their own developers and its not the ethereum itself who's been causing the market to dump. Anyway, looking at the market situation today, looks like everything is starting to stabilize and looking good again.

Golstrim

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Don't blame on ethereum,man! For sure, market has dumped , but you know, it means nothing! BTC was dumped as well and multiple ICOs isn't a reason for market decline!

Bharathi13

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I don't agree with you, you cant blame ethereum for everything, actually investors are responsible who dont check credibility of the ICOs such team, Working product, Revenue generation, partnership etc. Ethereum is decentralised blockchain infrastructure platform which can be used by any one without restriction & one of the most adopted blockchain infrastructure for the upcoming projects due to its easy to use quality. Some dishonest peoples took advantage of easy to use ethereum blockchain to raise the funds & later dump it along with their shitty tokens.

kincit88

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The reason why ethereum price falling ~> ICOs are half dead. The SEC has been killing them. But the SEC is simply accelerating the inevitable, as most icos were either scams or money grabs. The tech maybe improving, but at the moment there is no demand for the tech regardless.

KOF97

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You are right, because more than 70% of tokens in the crypto market come from Ethereum. When traders start selling tokens, the price of Ethereum will drop sharply.

TBboys

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You can't blame the market for dumping on Ethereum, which just means that Ethereum is so powerful that 90% of altcoins are ECR20 tokens. When ICO was the most brilliant, people regarded Ethereum as a god and always talked about whether Ethereum could transcend Bitcoin. And when these projects fail, they blame Ethereum for their responsibilities. This is unfair.

Indrawan77

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I quite agree with your statements, but you can't blame everything on the eth, the one that need to be fix is the ICO that keep on appearing with the intention of ruining the market, bitcoin cash also contribute to the dump of the market, and from the beginning of the year the price already enter a huge correction, so the market is already in bad situation from the first place

Ria Sakurai

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I don't agree with your argument. Ethereum blockchain is good so many projects launch their tokens on it, this shows the high usage of Ethereum blockchain, confirm that it's good. If they didn't launch on other blockchains, Stellar, EOS, Waves. Ethereum is not the reason of market dump.

babsjoe

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Cryptocurrency market dump has everything to do with bearish market. This is undeniable fact that bear market is part of market circle and every now and then correction happens to over enthusiastic market which could lead ti a prolong bear marker as we have seen since the beginning of this year. I believe bull market is coming and when it comes, you should be ready!

Spaffin

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

I disagree with this statement. Ethereum and ICO projects found themselves in a very difficult situation because of the sharp rise in the price of Bitcoin in December last year, and we are still reaping the benefits of such growth and its subsequent withdrawal for a long-term correction. There would not be such a long period of falling Bitcoin, which dominates in price terms over other types of cryptocurrency, now the cryptocurrency market would grow further. Therefore, do not shift the blame on ethereum.

Forever Young

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Quote from: qomariah95 on December 19, 2018, 10:01:17 PM

Why ethereum must cause crypto market dumps. What I am thinking is that ethereum is not possible which is the cause of the dupm crypto market. This doesn't make sense to me. Because those who control prices are people who have large assets. And another factor is Bitcoin which can be a result of market dumps.

I agree with you. Because market conditions are declining and this is not caused of Ethereum .
In my opinion, the first problem that caused the market dump is after the hardfork BCH. Not only Ethereum which causes a market dump.
And I think ICO will only affect the price of ethereum, Not too much impact on the market that causes all coins to go dump.

almiani

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I don't agree if ethereum is the cause of all this, everything starts when BCH does hardfork and the community is divided into two groups, BTC then becomes unstable

Maestro75

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

There is a bit of sense in what your argument is about specially with all the uncountable erc 20 tokens everywhere. It really crashed the market value of cryptocurrency. Ethereum is also affected in price too.

grifinmch

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It may indeed be one reason many coins from the ICO falls at this time of course. ethereum who fell certainly make a lot of coins with the platform also decline. most likely when it started up then all values will be better. In addition, of course, even the ethereum down also has to do with bitcoin as well.

critolika

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

yes, therefore with the price of Ethereum dropping will certainly greatly affect the price of ICO coins that use the platform Ethereum. I think the future of ICO coins is dependent on Ethereum because of the many ICO coins they use the Ethereum platform.

Commitments

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Ethereum could not be dump to lower price because ethereum have stronger support from many investor, almost an ICO project use ethereum as payment platform its why ethereum could be stronger and have higher price at the future.

luthvie

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not really buddy, the cause of fallen market was many fake ico and scam project nowadays, whos making a bad reputation for crypto itself, and lost of trust by investor.

patz22

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I don't think so where is your proof that ETH caused all of this sh*t? It can be one of the factor but as far as I can remember this is becayse of BCH hardfork and other FUD's about SEC thing. On the other hand many people lost their money because of these fake/scam ICO's I hope there's a system that will filter ICO's in the future.

florac9

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Ethereum and market price stands miles away from each other ,the downfall of cryptocurrency affects not only ethereum but all other coins and tokens ,erc20 is scammers favourite but remember that many great projects runs on erc20 smart contracts too

qomariah95

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Why ethereum must cause crypto market dumps. What I am thinking is that ethereum is not possible which is the cause of the dupm crypto market. This doesn't make sense to me. Because those who control prices are people who have large assets. And another factor is Bitcoin which can be a result of market dumps.

faadhilah

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I think ethereum is not the cause of dumps on the market, now crypto is undergoing a cycle and of course impacting on all, but eventually all will recover, just the time we don't know because it's hard to predict, but in the future everything will run normally again in the future

primeer

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that's one of the reason for sure. but mainly there was way too much expectations from the crypto-projects by the investors, and they simply couldn't meet them.

Osayo

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

It is not the real reason. What you have explained here is just a cycle. The Ethereum obtained and sold by the ICO team will still be both by other intending investors who will need it to buy a new ICO token.

bitcoin31

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Maybe yes or maybe no. But in reality ethereum is really cause also why the market last year become successful because they use it to IcO which the user buy their money to ethereum to purchase a token. For sure someday ethereum is really cause why the market pumping again.

coinbirds

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The reason for dumping on the market is panic selling of uneducated investors.
Some invest in crypto without learning about the market and the technology and expect to get rich in one day.
Bear market is cleaning up such participants.

Gary Levanevskii

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I do not think that the current market situation is connected not only with the sale of a large amount of Ether. I think that the current correction is associated with Bitcoin.

holySaint

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I do not agree that substantial Ethereum may affect the market. Serious people flock to the cryptocurrency market, and they dictate the rules or the rise or fall of the market. In the market, everything happens as it should be according to the scenario.

doycku

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Quote from: dagelan on December 19, 2018, 02:42:25 PM

many project owners sell their eth for fear that the price will be below $ 100, and sure enough, the lowest price of ethereum is $ 80 and many do sell-action plus investor anxiety over a few gaps left by ethereum

In fact, today I have tried quite well and have risen by 10% in the last 24 hours. I believe that this is a good indicator and it can be said that this situation is a good prerequisite for the green market in the future.

dagelan

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many project owners sell their eth for fear that the price will be below $ 100, and sure enough, the lowest price of ethereum is $ 80 and many do sell-action plus investor anxiety over a few gaps left by ethereum

disconnectme

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I think it is wrong to put all the blames on Ethereum and ICOs listed on it, Bitcoin bull run kick start the this if you have the fresh memory of what happen last year and the Altcoins follow, we all want to live and dreams and seen projects do 10X after exchange listings kick start the ICO euphoria and we all started day dreaming hoping to drive the Lambo

elcoblast

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i don't care althought ethereum are dumped in market, i'll bought more and more Ethereum as i can in market, so sell your Ethereum now, i bought in cheap price for your Ethereum hahaha

Bittalk12

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I also thinks the same way. If ethereum just provided restrictions before using their blockchain to generate those thousands of tokens or maybe an agreement to protect its investors from possible scam, this massive dumping might not happen or can be avoided somehow. I don't blame ethereum totally because some of the tokens created from their blockchain also brings us a fortune in some way. Thanks to ethereum, we can now invest to an altcoin that have a future in the long run and will multiply our investment for long term holding. Way back 2017, these tokens indeed gave some investors these unimaginable returns.

thefoex

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ethereum is indeed one of the biggest causes of market dumps this time. we already know that from the beginning of the year until now there have been many projects running ico, some of them have been successful or failed. from all the ico in 2018, the market is destroyed.

karagun125

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I think theres no basis and proof that ethereum is the reason of market's dump now. There are many factors but not the ethreum itself. And i think one of the market's dump is the fraud ico's and producing of more altcoins made by the ico's.

dhiraj0977

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This sounds like truth. The Ethereum fall is really due to these fake or scam ICOs launched on Ethereum platform, still there are many scams ICOs coming which are supported by Ethereum. I do not know whey they give permissions to new ICOs to launch their projects on its platform without strict guidelines when they are aware of this fact. It is self-destruction of Ethereum.

biosfrank

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Your claim on some fake projects being launched on the ethereum blockchain and high rate of converting eth tokens to fiat by ICO launchers is not far from the truth. But where I don't agree is the statement that eth is the cause of dumping of other tokens such as bitcoin. The cause is far beyond ethereum.

sulis sudibyo

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

yes you're right, maybe this is also one of the reasons why the market slumped. but that doesn't have a long-term impact. I am sure they will not immediately sell all eth that is collected when Iico is only in a short time.

pemantaubtt

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in my opinion the cause of the market crash is not ethereum but the bitcoin FUD that made bitcoin prices fall and investors began to be afraid to hold coins and that had an effect on all existing altcoins and made all prices crash, and I think the biggest cause is from Mtgox.

Coltpython

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My friend, what has Eth got to do with the dump in the market? Neo is not on eth blockchain but it dipped badly like most other coins. Look at btc too. All coins are dipping badly. Only few are still at good price. The bear market is not caused by Ethereum please

Isiaka208

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The fact that ethereum is the base currency for ICOs should not make us believe that fake ICOs cash out using ethereum. What about other private currencies like monero? What about bitcoin itself? There are lots currencies to exchange to in the market. The market is only experiencing correction after a major high. Ethereum is not the cause of the bear market.

crzybilly

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The problem of such a price fall was, that the ICOs were fixing their profit in fiat, after closing their token sales. I do not know the reasons, why did they do it at the same time, but this decision caused the ETH price drop and the market followed.

gilangIDR

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

The fact that Etherum now has a considerable impact on the development of crypto. With the large number of projects using the Etherum Platform, whatever happens will definitely have a major impact on the direction of the crypto world movement. This is a thing that indeed has to be a thing that must be maintained as well as possible, we must be able to maintain the stability of Etherum prices and so we will also maintain the crypto market globally. Crypto prices will be stable when we can maintain the price of Etherum.

syberwolfen

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Eth is a powerful altcoin of all time and this is really not fair that you are blaming on eth, See dump has happened by big manipulators also this downfall was never expected even by the analyst, however a lesson is learn't for everyone crypto has no guarantee and it is risky too. we need to be careful while buying and selling.

chip1994

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Quote from: lihongjing on December 19, 2018, 06:21:17 AM

Yes, but this is not the main reason. I think the main reason is that market funds cannot support continued growth, so the decline is inevitable. We cannot blame Ethereum. After all, the myth of cryptocurrency in 2017 is created by it.

Yes, the Ethereum is not the main reason for the dump of this cryptocurrency market in 2018. I think the regression of the economy is the answer to the decrease. And Ethereum price will be recovered in the next year I sure.

lihongjing

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Yes, but this is not the main reason. I think the main reason is that market funds cannot support continued growth, so the decline is inevitable. We cannot blame Ethereum. After all, the myth of cryptocurrency in 2017 is created by it.

JCviggen

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you exaggerate the merits of cryptocurrency projects. A dump in the market is organized by the manipulation of large players. the maximum that projects could do was to drop the price of ETH 2 times, but not 10 times

chairmanMao

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Yes, the abuse of ICO is the main reason. No one wants it to happen, but it is happening. Capitalists have also abandoned Ethereum. Perhaps Ethereum will become a stable currency in the future. The price of Ethereum in the past two days has not risen much because some people continue to sell Ethereum.

ishirut009

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

If you are typically saying that blockchain companies that are selling their eth that they got from the ico is the reason to all of this then i can't agree with you.

Because we all know that ico's are not just accepting eth as payment, if they are going to lock in the amount that they raise, they will sell all of the crypto that they got from the ico right ? so it is not eth's fault, it simply the market cycle, crashes always occurs after the bull run. Its that simple

1993jochico

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

So it means it only affect itself and not the whole market, you cannot stop those new projects because it is a competition in every business theres a competitors because if you dont have competitor on your business it means your business dont earn too much that's why other people dont want to compete to you.

Arata

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I don't think so, the crypto condition like this is not the cause of ethereum, but indeed because of the cycles that occur in crypto, before something like this happened but gradually recovered and surely this condition will be restored in the future, we must be sure to the front will improve again

emezh10

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Quote from: dumplingsandsushi on December 18, 2018, 05:59:05 PM

Yes, ethereum has definitely affected the market negatively.
But it is not the only reason.

I would say, the main reason is right in front of everyone's eyes: last bull run was too high too fast and totally unstable.
In simple laws of economics, supply shot way past demand and the entire year has been collapse.

Another thing that contributed to our current state, is the stock market crashing about a month ago.
We like to think that crypto is seperate from traditional markets, but that just isn't the case.
In fact, crypto is very much integrated into traditional portfolios, especially with btc futures.

erh does affect the market but not as much as btc does.

Ethereum is not the causes of the recent downturn on the crypto market. it maybe one of the contributory factor but it is not the main causes, you may review the issues confronting the dump of crypto.. it is believe that almost all coin are over sold, high market volatility, plus the never ending issues on Regulation, Scammed, Hackers, and the low confidence level by consumers. all of this contribute to contrary belief that Crypto will go up to roof just at the end of 2017 but the market goes down affecting all coin as posted on tje market. i am not comportable of such notion as Ethereum is the cause of recent down turn on the market.

Visteryy

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Quote from: robelneo on December 18, 2018, 07:27:15 PM

Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

I'd like to confirm your opinion and observation, this is indeed what's happening and this is the reason why Ethereum price is very low, not only eth but Bitcoin as well because majority of these ICO's also accept Bitcoin, unless some form of regulation or update so they can restrict scam ICO it will continue to happen.

Not realizing that ethereum is not the only cause of low market we are affected by some other factors related to shark supply and demand altcoin purchase ...

rricksu

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

Yes basically, those ICO that is abusing the smartcontract, those are the one to be blame not Ethereum, look at the good side, Ethereum has done too much opportunity but it is in the improper use that makes the situation worse.

iconoclast

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

Unfortunately none on your thesis is based on any facts. Most ICO's did not sell the Ethereum they raised, they stupidly hung on to it even though most of their future expenses would be paid in fiat currency. The bear market began in January when ICO's were still raising huge amounts of money. This bear market was caused by the hype of 2017 that drove prices up to unsustainable levels.

robelneo

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

I'd like to confirm your opinion and observation, this is indeed what's happening and this is the reason why Ethereum price is very low, not only eth but Bitcoin as well because majority of these ICO's also accept Bitcoin, unless some form of regulation or update so they can restrict scam ICO it will continue to happen.

Genemind

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

That's the purpose of ethereum to create a platform where developers can create and develop a crypto to be able to use for services or as a product. The one we should blame is those developers who wanted to earn fast cash and scam other people by creating fake ICOs are trash coins.

AmoreJaz

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Quote from: NoMoreForksPls on December 18, 2018, 05:54:10 PM

Why would Ethereum cause a drop in BTC?
BTC can drop Ether's price, because even today most ethers are bought with BTC, which is the coin to trade other coins with.
But I don't think Ethereum has that much power...

i agree with that also. ethereum is a known platform but it doesn't mean that it has the power to change the market, bitcoin in particular. most of the altcoins' price follows the trend of bitcoin. it's not the other way around. there are many underlying factors also but definitely, eth alone didn't cause the price drop of bitcoin.

Biscutard

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It is not the Ethereum fault why there is a lot of token, it is the people who make an ICO for their selfish needs. And i don't think Ethereum has something to do with this bearish market because there was nothing in connection with the dump of bitcoin and other altcoins. It is in the market who has the problem that's why we are here in a bearish trend.

Emilyp

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I agree that ICOs were a major cause of Ethereum price clash this year as a result of them changing their raised ETH to fiat but let's not forget that majority of ICOs also accepted other cryptocurrencies like Bitcoin and Litecoin during their fund raising so those could have also affected the market.

ven7net

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I believe that you are wrong! Etherium is not the cause of the fall of the crypto market. The reason is completely different. In order to understand what is the reason for the beginning, you need to at least a little understand cryptocurrency. Firstly, Bitcoin paired with Tether fills the crypto market with a ball, but if you drop it too, it turns out that all of this is a fiction. Yes, yes, fiction or gamble, which turned in the futures market. All year we have been starting since the launch of futures on BTC. Etherium cannot influence the market and its price. All you see is the planned actions of the big players. And in general, it is enough to charge Etherium in everything, then he is the cause of all the troubles of the crypto market, then new altcoins kill him every time. All these attacks on ETH look ridiculous.

casperBGD

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i do not agree that ETH is cause for a dump, specially because we know that current dump is because Bitcoin Cash

blokklanc

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Ethereum is part of the market as other coins . We have bear market conditions for a year now and that reflects in the price of ETH. Beside that, ETH has problems with scaling as well and it further decrease it`s price.

Scor Pio

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

i think i disagree with your opinion,,
ethereum is not the main causes from the dump in the market my friend
i think the bears come to crypto market because of less demands in this industries
if a lot of good news coming and create more demands, i believe crypto market will be green soon Wink

AndRE177

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

Clever contracts are both good and bad for Ethereum. On the one hand, they give it popularity due to the large number of tokens issued on its base. On the other hand, a large number of projects put a lot of pressure on the prices of Ethereum itself due to the constant sale of ETH, gained during the ICO.

pinoyrichkids

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

At some point I agree, and you might hope that Ethereum should not be exist, so that there would be no market crash, ETH Blockchain is good and it has its own purpose, the main cause is that the greediness of the scammers and fraudsters to create fake ico and make lots of money.

flagpara

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Ethereum is the king of ICO, so many projects picked up huge Ethereum now they selling out. Whole market is down even others Blockchain of coin price.

dumplingsandsushi

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Yes, ethereum has definitely affected the market negatively.
But it is not the only reason.

I would say, the main reason is right in front of everyone's eyes: last bull run was too high too fast and totally unstable.
In simple laws of economics, supply shot way past demand and the entire year has been collapse.

Another thing that contributed to our current state, is the stock market crashing about a month ago.
We like to think that crypto is seperate from traditional markets, but that just isn't the case.
In fact, crypto is very much integrated into traditional portfolios, especially with btc futures.

erh does affect the market but not as much as btc does.

NoMoreForksPls

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Why would Ethereum cause a drop in BTC?
BTC can drop Ether's price, because even today most ethers are bought with BTC, which is the coin to trade other coins with.
But I don't think Ethereum has that much power...

Vilagra

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

May be but in other way Ethereum and ICO boom was one of the main reasons why market grew in 2017, so if there weren't icos, may be we would never see bitcoin above 3000.

temilade200

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Bitcoin also has fallen, but it is ahead of ethereum, so is it not applicable if you say that ethereum should be held responsible. Had it been you analogy is correct, then btc would have remained so high, but the problem or challenge is beyond eth having so many tokens on its platform.
Therefore, in my opinion, eth is innocent. Although it might have contributed to it, which i cannot also ascertain, but it is not the cause.

BADBITCH

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I do not agree or concur that Ethereum is why there is a dump in the market
Whatever goes up must come down

And that was what happened to crypto currency
The bubble has burst and now reality’s has set it

The next bull run will be real and long lasting

Denreal

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You need to do some research in order to know that not all ICOs use the platform of ethereum. Moreover, you cannot put the blame on ethereum, because it is only serving as a tool or platform that accommodates others and not a means for dump. The bear market can be attributed to so many factors, which are not only associated with ICO scams, but also the hacking of of exchanges and carting away of fund and other related factors.

cryptomaster420

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

I agree with the thread title, not so much the content.
Ethereum was the reason for the unsubstantiated rise in crypto prices because of ICO-s.
Since it was a bubble - now it has popped.
If it wasn't for Ether, I doubt we'd see better prices though.

tenebriscaelum

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I would say that the reason of the bear market right now is the lack of trust that the investors of the pump last 2017 have right now specially the investors that thought that cryptocurrency is a quick way to get rich. So what just happened is just a chain of events and what we are experiencing right now is the result of it.

bob3772

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

That's part of the reason for dumps, it's not only ETH. Many ICOs accepted funds in BTC, XRP and even other currencies. With the ICO bubble these funds were eventually going to be freed up ready to dump hard on the market.

ivanst776

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Can we tell that BCH was the reason of November dump in the market?
Why we will tell that ETH is now the reason? it is the people who are dumping the market.
They are the one or we who gives demand to go up the price or sell low to dump the market.

Ayiranorea

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We cannot pin point ethereum to be the cause for the downfall of the market. To my knowledge majority of the altcoins and tokens were developed over the ethereum smart contract platform. Upon this, the impact on ethereum will get reflected over the entire cryptocurrency network. This is what happening and possibly the recovery will be taking place soon.

turkmachiavelli

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Yes you may be right but if you think like that while a ico is ending, other ico starts so there is always a circulation for Etherum. Also Ethereum has a big society who support and believe it. Just this can keep Ethereum in market for a long time.

Mysteryla

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Quote from: SwiggHeart on December 18, 2018, 02:50:11 PM

I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

This is a wrong assumption.
When the crypto market was bullish and ethereum went as high as $1,300, was ethereum also responsible for that?
Are other cryptocurrencies, such as, bitcoin, litecoin and so on, not collected during ICO as means of investment?
Are there no other platforms that also host ICO tokens?
Why then would you conclude that ethereum is responsible for the dump on market?

rasulibragimavic

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How do you know all the projects are serving Ethereum ?) I agree in this logic is, but at the moment I think those projects that have sold will actively buy it.

Prompyboo

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Well, ICO campaigns do not sell all the Ethereum at once. they usually only sell when they need money for development .

Bttzed03

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I think your topic should have been ICOs are the cause of the dump of Ethereum market.
While what you said is true about ICOs dumping, I do not believe it can bring down the entire market. I'm sure you have not forgotten about the dominance of Bitcoin.

AB de Royse777

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Why would the blame goes to Ehereum LOL. Pumping and dumping is a part of the game. If you are blamed to anyone then blame the whales. We are waiting for another bull run soon and then all these FUDs will disappear again. Let the FOMO begum!

bttmember

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Yes we have recently seen this situation where most of the icos sold or cashed out large amounts of eth causing crash in the value of eth but now all these sellers seem to have been cleared and we can expect nice trend reversal from here onwards also do not forget about the big upgrades coming next month for eth.

Fenya96

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I wouldn't say that ETH is the cause of this bear market. It is true what you are saying, companies that collected ETH during their ICO have to exchange some for fiat to cover their expenses, but that is not the reason why BTC and everything else fell so much. There are several theories out there why we are not seeing new all time highs, I tend to agree with those saying that we are witnessing serious manipulation, so that big money (institutional) can buy into crypto on low price levels.

SwiggHeart

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I'm saying this because it is real. Just imagine, Ethereum has built many tokens inside the blockchain and many people launched ICOs which most of them are totally weird and fake, but some of them are not. People usually like to trade their ethereum and turn it into a token where it can be determined as a "future asset" and it cannot be sold until they had listed on an exchange. The companies who launched the ICOs are usually selling the ethereum which gotten from their ICO in droves, in which it can make a dump on the Ethereum market.

Topic: Ethereum is the cause of the dump on the market. (Read 824 times)