Ethereum will continue to decline...dont buy Ethereum..

jono_t2000

member

Activity: 85

Merit: 10

Quote from: ahmedjamal1998 on June 27, 2017, 02:40:56 AM

Well I no longer believe any articles or whatever so called "news" about cryptocurrency price movements.

Just looking at this pic below makes me unsure about anything and totally having no idea what's going on.

When bitcoin price decrease, altcoins used to go up. But now it's a full go down down wave which me really anxious waiting to find out where all this is gonna end.

It's a bumpy road but it's worth it.

OK I will try and explain this is as simple as possible;

When the total marketcap decreases all coins decrease in value
When the total marketcap increases all coins increase in value
When the total marketcap stays the same and bitcoin decreases then altcoins increase
When the total marketcap stays the same and bitcoin increased then altcoins decrease

linkybit

full member

Activity: 560

Merit: 107

Keep Working

Not only Ethereum price is dropping, currently almost all major coins are showing -ve impact, so time to be patient.

shifty30

member

Activity: 126

Merit: 10

a bumpy road it is for sure... the question is.... will this bumpy road down down every week a bit more or will we go finally through the 115-116 cap

ahmedjamal1998

hero member

Activity: 714

Merit: 537

Well I no longer believe any articles or whatever so called "news" about cryptocurrency price movements.

Just looking at this pic below makes me unsure about anything and totally having no idea what's going on.

When bitcoin price decrease, altcoins used to go up. But now it's a full go down down wave which me really anxious waiting to find out where all this is gonna end.

It's a bumpy road but it's worth it.

rhamzter

sr. member

Activity: 420

Merit: 282

I don't care if the price of ethereum is declining, it is favor to all users because this is the right time to invest in ethereum. I was feel that after this declining maybe in the next month it was starting to raising up again.

jackcole

newbie

Activity: 14

Merit: 0

I think the price falling has more to do with the issues ETH is currently facing and all the forks that have had to be implemented to fix issues caused by the DAO fork and attacks. I mean I've been afraid to mine ETH since GETH decided it wanted to fork all by itself and reverse some transactions. There's been 2 updates to GETH since the 25th to fix bugs and I don't think confidence is there that all issues have been fixed. Add to that the number of big Banks leaving R3 to create their own private blockchains and not utilize the solution that R3 came up with utilizing ETH, and you have the creation of a very bearish market.

Aquazi

full member

Activity: 215

Merit: 100

I love how you all argue about price, but always fail to consider the value and the technology behind what you promote.

Clark05

sr. member

Activity: 1274

Merit: 263

For me ethereum is not a rsiky investment because even the price of ethereum decrease . After few weeks for sure it will recover again and maybe the price of ethereum in july around $400-$500. And I hope it will happen. So dont sell your ethereum. I think better to hold or keep your ethereum and wait the price to increase more before I sell it. Ethereum coin for me is promising coin.

jono_t2000

member

Activity: 85

Merit: 10

Ethereum is the biggest pump and dump scheme there is!

With no regulation on requiring a beta or proof of a working product to use ETH any college student could raise an ICO about how they are gonna save the world and raise millions of funds from blind investors and then sell of the ETH they receive for a handsome profit.

That is why so many people hate ETH and that is why in the long term it WILL fail.

Decentralization is cool but it means things like ETH with no regulation takes a while before people work out what a scam it actually is.

nasibakar

sr. member

Activity: 250

Merit: 250

I dont mind to switch BTC for ETH.
I ll cacth you if you fall.
Already catch some & I ll catch more.

I like PoS,... yummy

wqqas

newbie

Activity: 28

Merit: 0

Quote from: Mandoy on June 23, 2017, 03:05:35 AM

http://www.newsbtc.com/2017/06/23/ethereum-price-technical-analysis-ethusd-decline-2/

According to this article, Ethereum has a tendency to continue to decline in value if the buyers will fail to break the 330$ value. Ethereum has become a risky investment since the price deflation was no longer a joke but it is to be considered a crash. The buy support was low compared to before and if the support will not be increased a possible crash will occur again.

That article is not coming with any kind of analysis of real factors behind the Alts rise and fall. Please read here for an analysis of the situation https://bitcointalksearch.org/topic/why-the-alts-go-down-again-and-again-after-a-rise-1987291

jpouza

legendary

Activity: 2660

Merit: 1106

Quote from: chineseprancing on June 26, 2017, 05:23:38 PM

Yeah ethereum price was continues decreasing. In my opinion I think this is the time to invest in ethereum, because seems that value of ethereum was declining but I believe that in the future price of ethereum was increased.

Belief is the key for the sucess.

I really don't like ETH since the begining, for me it is just a crappy coin with a pump/dump scheme, but I do respect people that believes in the coin, this is the only thing that matters: to believe.

chineseprancing

hero member

Activity: 630

Merit: 500

Yeah ethereum price was continues decreasing. In my opinion I think this is the time to invest in ethereum, because seems that value of ethereum was declining but I believe that in the future price of ethereum was increased.

Aquazi

full member

Activity: 215

Merit: 100

After the Status ICO have little to no hope in this Ethereum anymore.

Supercomputers?

Smart contracts?

How? This fuckin network crashes once a ten thousand people try to make a transaction concurrently in the range of few hours.

Any coins that do not present such a clogging problem?

JL95

newbie

Activity: 20

Merit: 1

There are fake news about vitalik death by car accident, BUT THIS IS FAKE, he is ALIVE

eagle10

sr. member

Activity: 840

Merit: 252

Not all things you hear or read should be believed. You have to ask yourself as an investors if you are keeping the faith or not. If you choose to go away and leave ethereum, its your choice. IT is you who makes the bubble out of ones cryptocurrency.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: JL95 on June 23, 2017, 05:50:01 AM

I also do not buy Ehtereum, i think its a bubble.

Just like bitcoin and other cryptocurrencies Ethereum also experiences a bubble and that article just stated that if Ethereum loses grip of the 330$ value it will continue to decline. But after seeing the charts lately Ethereum has made it back to over 330$ and it has already become stable. This is a sign that the bubble had stopped and we will see another increase in value in the coming months. But let us just be careful since a bubble may hit Ethereum again since. But investing in Ethereum is ones decision, the articles are just our guides but it is not the truth of all.

Adelajda

full member

Activity: 207

Merit: 100

Quote from: Cruxer on June 23, 2017, 05:06:44 AM

i dont think this is main reason, i think reason is:
- ethereum is inflation token not deflation
- ethereum is too coplicated to be able to work correctly, every month there are bugs that cause ethereum network to go down almost
- ethereum is ruled by 1 man and 1 man can destroy it forced by someone else

I do accept everything what you said here,it is controlled by a single man and he determines everything about ETH and it has bugs and a major bug could dent the entire network and crash the entire network,so there are risks involved but till now it is good.

giveen

hero member

Activity: 826

Merit: 1004

This utter nonsense this is surely done to create commotion in the market so that people keep on selling and price falls. The price of eth is surely under attack but it is surely not going to go below 300$ and the price falling is a sign to purchase now and sell later not that eth is going to crash. Stop following fake sites.

Red-Apple

hero member

Activity: 1470

Merit: 655

the first and most important factor in trading or investing is timing. ethereum and a lot of other altcoins were good to invest in at some point, then they were all pumped each from 100% to 1000% and made those early investors rich.
those who have an excellent timing have already gotten out on top.

the only people remaining are those newbies who bought on top and are losing profit day by day and also those who are shorting ether or generally speaking the day traders.

Topic: Ethereum will continue to decline...dont buy Ethereum.. (Read 2179 times)