Ethereum price speculation / reasons for current crash?

Apaxy

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Activity: 512

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Quote from: StarkInternational on September 09, 2018, 03:05:25 PM

crash reason is china regulations. china ban cryptoactivity and 3 000 000 000 $ in crypto activity. and some people lose money.
its not good light for crypto investors. but its only shortterm shock. we can see werry soon new pumps. dont sell with ---

I can not understand why, if the problem occurs in the crypto-currency market, are the guilty parties immediately looking for in China? In my opinion, despite the different statements of the Chinese government, the crypto-currency market is still developing well in this state.

StarkInternational

jr. member

Activity: 109

Merit: 1

TOKOIN.IO

crash reason is china regulations. china ban cryptoactivity and 3 000 000 000 $ in crypto activity. and some people lose money.
its not good light for crypto investors. but its only shortterm shock. we can see werry soon new pumps. dont sell with ---

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: bavicrypto on September 09, 2018, 01:46:36 AM

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

Have you heard on the news on what vitalik said? I do believe that words is really a big factor on why ETH dump into these price ranges as of todays.Hitting up new lower lows and can possibly dip even more since the market is still bearish plus add up on the fuds and news which can really put prices down.For now we cant do anything but to hold up and don't panic sell instead these are the best time to accumulate when people are on panic.

Bagaji

sr. member

Activity: 1330

Merit: 291

Well, it may take ethereum some time to recover from the current downward trend because so many investors may likely take profit any time they is an increase in the market value of ethereum and that push its value downward in the coming days.

LankaJay

newbie

Activity: 140

Merit: 0

In recent months most of the ICOs were launched based on ETH and lots of projects were scams. That can be a reason to the price drop of ETH I think.

Okkured

newbie

Activity: 75

Merit: 0

Quote from: smoolae on September 09, 2018, 04:02:25 AM

I think there are multiple reasons for this crash, with the biggest factors being:

1) People who bought high are starting to lose all hope that ETH will get back to ATH range and are just cashing out whatever is left.
2) ICOs are taking out their profits and selling ETH for fiat money.

Both scenarios can really make the situation really bad really fast. People/ICOs selling urge more people to sell, what follows is this chain reaction like thing.

a reasonable reason, and it was very sad to know that ETH died because of it "Children". whereas in the past I thought ETH would be very close to the price of BTC

dearbesz1219

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Merit: 500

Ethereum price is falling thanks to ICOs. They are selling their Ethereum coins to get some money to develop their products (hope that this will happen). And everytime when they sell Ethereum coins market is dumped.

tokeweed

legendary

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Life, Love and Laughter...

Think of Ethereum as something like a video arcade, and ETH as the arcade's tokens. When people are getting kinda sick of playing video games, less and less people buy the tokens.

You see, Ethereum's novelty has gone. It's not something new anymore and the promises made on what the platform was gonna do fell short. Way short... It could be on its way below 100 USD imo.

masternode

sr. member

Activity: 443

Merit: 250

I also think the main reason are the ICOs dumping Ethereum, to keep their business going. Not only recent ICOs, but also projects that have been running for a while. Many have stated that during the this bear market we will see a lot of alts disappear. This is the beginning of it, projects run out of cash and have no other way than to dump their leftover Ethereum for these low prices.

miyaka26

full member

Activity: 476

Merit: 105

Most of the ICO I dealt so far are dumping beyond their price expectations way too far than the ICO price, I can't imagine how hard for the people who still hold for that beating price that continues to fall, it's not the inflation alone causes the dump, it's the ICO tokens who beats the ETH market probably some of them are from scams and some of them are from people who loses hope from their investments projects.

bavicrypto

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Activity: 1848

Merit: 254

Quote from: friends1980 on September 09, 2018, 05:47:58 AM

Quote from: bavicrypto on September 09, 2018, 01:46:36 AM

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I think most of us have their seatbelts on since January. Cool

Further on, there's certainly some kind of tiredness in the crypto market, coming from people who believed these coins would double their value on a daily basis. I don't think ETH is an exception compared to any other coins, on the contrary, I still consider its technology as its strength.

That's right, however It seems weird to me that a coin with the second biggest market cap is falling harder than most of the other coins. I expected ether to keep up relatively well compared to other platforms, but that doesn't seem to be the case nowadays. This is most likely because of ico money being dumped I'd say.

Gaaara

hero member

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Its reasonable for a coin to be dumped by having a lack of fiat but I don't see it for being a reason to fall for over $200 in just few days, what I observed over a few days before the crash there has been a massive pump because it all got hyped then burst back down within a week, I assume its only bubble similar with other coins and similar with bitcoin.

demenBTC

sr. member

Activity: 742

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PRIVATE FEDERATED BLOCKCHAIN

but there is also good news that I found in this article https://www.ccn.com/south-africas-central-bank-wins-award-for-its-ethereum-payments-blockchain/ that African central banks have used the test try payment by using the etherum blokchain, this incident might increase eth prices to recover

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

What i discovered is this:
Biggest ripple holders sold ripple and they own now ethereum mostlty.
Ripple cant go high anymore because leaders and market controllers dont hold ripple anymore!
So ripple holders have left with empty bag.

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

I checked people have most eth coins.
They got them years ago they now exchange them
And they give eth others for cash.
Price of ethereum cant be the highest yet because the biggest owners of etheteum still holding the ethereum.
They would never hold the worthless coins.
Same thing with the bitcoins.
So for some reason the crypto market controllers and leaders holding now btc and eth.
So this is means crypto price can go high one more time

Kolikalex55

jr. member

Activity: 278

Merit: 1

simply getting the job done

I think it's just speculation or it is connected with the adjustment of the exchange rate for bitcoin !

bitkanu

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Merit: 513

Moonbet.io | Web3 Casino

Quote from: bavicrypto on September 09, 2018, 01:46:36 AM

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I have been wearing my sealt bet and wait for another botton to enter the market. Due to the bitcoin ETF and so many people have liquidated their ethereum to the bitcoin and ICOs has been giving a lot of contributions to push the price of ethereum to the bottom. Casper gets delat too and it could be the one of that reasons.

Ardazello

jr. member

Activity: 175

Merit: 1

Quote from: bavicrypto on September 09, 2018, 01:46:36 AM

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

Agree with you that ICOs selling eth had drop the price.

Also, I think that mining pools are selling a lot of eths because they don't like the changes in Ethereum: decrease of miners' revenue and upcoming Casper protocol.

friends1980

legendary

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nutildah-III / NFT2021-04-01

Quote from: bavicrypto on September 09, 2018, 01:46:36 AM

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I think most of us have their seatbelts on since January. Cool

Further on, there's certainly some kind of tiredness in the crypto market, coming from people who believed these coins would double their value on a daily basis. I don't think ETH is an exception compared to any other coins, on the contrary, I still consider its technology as its strength.

bobo012

sr. member

Activity: 714

Merit: 257

Quote from: bavicrypto on September 09, 2018, 01:46:36 AM

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I think it is people realising that ico tokens are mainly worthless in the like 99% of the cases. We also have hundreds of projects with high posessions of ether. They are dumping hard, trying to salvage what they can, and it has us in a spiral right now.

Topic: Ethereum price speculation / reasons for current crash? (Read 246 times)