Is ETH collapse caused by panic selling of all the ETH raised in ICOs? - page 2.

Zeneize

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Quote from: Photographer on September 18, 2018, 05:27:54 PM

It seems that I am not the only one to think that. Now I have found put that also some press has formulated the same hypothesis:

https://www.cryptoglobe.com/latest/2018/09/ether-price-down-due-to-short-sellers-scam-icos-scalability-issues/

I think this is nailing it. That is THE explanation. Now if we think that ICOs have collected billions of $ Worth of ETH, that is really scaring...

Photographer

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It seems that I am not the only one to think that. Now I have found put that also some press has formulated the same hypothesis:

https://www.cryptoglobe.com/latest/2018/09/ether-price-down-due-to-short-sellers-scam-icos-scalability-issues/

learningcrypto5421

newbie

Activity: 306

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I think eth reflects the hype of ICOs and tokens with crashing tokens. it also decrease price but it does not mean eth are closed, i believe that it is an opportunity to buy eth. when it price are increase than you can sale and get profit its normal.

alexhitch20

newbie

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Don't think it's much to do with ICOs, most accept bitcoin too. More people manipulating it and others panic selling.

Champeon

newbie

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I think eth reflects the hype of ICOs and tokens in this year so with crashing tokens and it also decrease price but it is not shit coin, i believe that it is an opportunity to buy eth.

D3m1r4wanti

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it could be that what you said is true, even that might be the main reason why ethereum prices are now very deteriorating. but whatever the problem is I hope everything will be resolved and the price will recover soon

tiplols

newbie

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I believe it happen not just frenzy deal some venture additionally the reason for advertise fall. ETH as of now make some move to quit falling. Before long the cost will grow u

talkbitcoin

legendary

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All I know is that I know nothing.

that has always been a serious concern about ethereum among the big investors who are wise about their money. and it didn't start now that price is dropping. this concern was actually raised back when the price was getting pumped hard. people were seeing that the only reason for the big pump is the ICOs and they knew that when they start cashing out there can be a big dump.
not just that but also like any other hype there is always an expiration date for these sorts of pumps.

michael23

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I think you're partly right. This also has a negative impact on Ethereum, but most likely it was done before, because it makes no sense to sell Ethereum now and the developers understand it. Now it is better to support it on the contrary until the price increases.

Westfiled

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Quote from: patz22 on September 15, 2018, 05:27:58 PM

Most probably as ETH is falling down but I believe that for those legit ico's out there for sure they're holding the funds and wait until it pumps so that they could run/start the project. It's just that it is very unfortunate for those who only accepted ETH as mode of payment.

You can try to track the icos wallet activity through use the santiment platform and that gives latest update about what has already happened with the wallet and how many funds that has been sent to be liquidated into the fiat or bitcoin. this could be an interesting thing for you.
A lot of the icos were contributing flash sale to liquidated their ethereum and they create big dump.

jack1111

hero member

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I think ICOs were not the major reason for the recent dump in ETH price, because the majority of them are still holding their coins. Anyway, the faster scam ICOs selling their coins, the better for the market.

patz22

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Most probably as ETH is falling down but I believe that for those legit ico's out there for sure they're holding the funds and wait until it pumps so that they could run/start the project. It's just that it is very unfortunate for those who only accepted ETH as mode of payment.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Photographer on September 10, 2018, 11:23:32 AM

Think at all those hundreds of ICOs which have raised millions of dollars worth of ETH each. Some of them, like the scammish Envion, even 100M$.
Now in this bear market they see their wealth evaporate. They need FIAT since they are real world projects and they need FIAT to pay for infrastructures.
So they cannot simply watch at all those millions $ EVAPORATE and jeopardizing their projects.
It is true they have raised Millions $ but now those millions $ are shrinking further and further and so I guess THEY are panic selling and crashing the price.
What do you think?

That is a possibility, many icos are having a lot of trouble to get enough funding and then when ethereum began crashing they saw that the money they raised went down dramatically, so your explanation makes sense but I don't think it was the reason of the recent crash it just fueled the crash to go for even longer than it should have gone otherwise.

MidnightNugget

newbie

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I think they are now causing a market plummeting by selling ethereum. As they need money like you mentioned it will be no wonder if they do that. But this will cause negative reputation of ethereum

rdewilde

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I think the ICOs only account for a small part in making ETH fall down like now. When a series of ICOs dumped their own projects, individual investors were under pressure from falling prices and they could not keep it too long. And as a result, everyone is panicking and dumping ETH

qazgroup

member

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Merit: 20

RiveMont

I think if you look at ethereum chart technically you will know why there was selling pressure and why reversal is quite obvious after this decline, eth has rebounded from its support level which is great for longterm healthy growth of eth.

criptoman83

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“Revolutionising Marketing and Loyalty”

I also thought that these projects sell the Ethereum in a panic, so as not to lose a lot of money or just to re-buy then cheaper later Grin

. But pay attention to the projects wallets where they hold their funds - mostly they remained untouched. Large projects, except EOS, didn't sell anything. Some, of course, sold part, but small part.

btCHOOop

newbie

Activity: 55

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I think it happen not only panic sale some project also the cause of market fall. ETH already take some step to stop falling. Soon the price will grow up.

Owee1989

newbie

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I think eth reflects the hype of ICOs and tokens in this year. it is also crashing and decrease its price. it doesn't mean eth are shit coin, i believe that it is an opportunity to buy more and hold it for future. it will make profit in future by increasing its price.

AmazingTiger

newbie

Activity: 65

Merit: 0

I think the price falling of ETH is because of the collapse of whole market. ICO’s have nothing to do as they are no longer booming anymore. It’s not actually the panic selling. Very soon the value of ETH will rebound.

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