Scammer Can affect the ETH price. - page 10.

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Quote from: SabrinaBianka on November 12, 2018, 08:54:13 AM

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

For me, this may happen due to the fact that many scammers and underground organizations pay for services and steal Ethereum. Although this network is not secure and hidden, but at some point everyone believed in its endless growth.

LDenis555

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Quote from: SabrinaBianka on November 12, 2018, 08:54:13 AM

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I think that this assumption is nothing more than our invention, it is how much it is necessary to save ETH to affect the entire market capitalization of ETH. Investors have become more advanced in all matters, so they invest only in promising projects.

Ostonian

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I agree with you. The fraudsters earn ETH by deception, and since it was received completely free of charge, they could sell it below the market price, thus undervaluing its price.

djuragan

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I believe it could, and it will also affect not just Ethereum, every other coins can be affected by the availability of scammer. but since the most project created based on ethereum, then most likely it affect ethereum.

Otsu

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Quote from: SabrinaBianka on November 12, 2018, 08:54:13 AM

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I agree. Scammers can really affect the flow of the price of ethereum. They will dump it to the exchange and probably immediately convert it into fiats. Also, they can affect the reputations of bitcoins and all other altcoins in which will possibly lead for all potential investors to have doubts in cryptocurrency.

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How many Ethereum we are talking about here. Scammers have been affecting the market for giving fear to the new and upcoming investors but it didn't really affected the price of ETH.

Large whales are the one who has been giving large impact to eth and other crypto's price.

Farahtenan

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This is indeed sad, the greed of scammers makes ethereum ugliness fall, but this is the risk if there are many scammers.
We ourselves are also unable to prevent, we know that after they raise funds, it is very worrying.

raitsuk

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I think indirectly Yes, cause when they finish collecting their money with their created project based on ethereum platform, then they dump the coins, that makes the trust from people to Ethereum platform decreased, cause so many scam project that are using Ethereum platform.

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Quote from: jaywizzy on December 18, 2018, 04:48:19 PM

I disagree with that, scammers don't have any influence on price. Price is being control by inventors that invest in huge amount in the project.

agree, in my opinion affecting the price of ETH other than Bitcoin is the main asset holder because ETH is affected by existing transactions. so in my opinion scammers do not affect ETH prices. and the decline in ETH prices this time is indeed because of the price of Bitcoin and also many people who sell panic.

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Quote from: SabrinaBianka on November 12, 2018, 08:54:13 AM

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I know, that is what fake ICO's doing when they want to steal money from investors.
But for now, i think that is not the cause because the price of other coins than ETH has gone to the bottom too.
Although ETH value is on the bottom now, there are some good ICO's to invest too. If you manage to find it, you can cover your loss with the profit later.

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Quote from: SabrinaBianka on November 12, 2018, 08:54:13 AM

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I guess you got a point but it's just too simple thing that is done by scammers. Don't you think that the price of all altcoins has the same movement as bitcoins in the market? In other words, scammers effect on the price of such coins is only little compared to what's really happening right now in the crypto world.

jaywizzy

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I disagree with that, scammers don't have any influence on price. Price is being control by inventors that invest in huge amount in the project.

bananaunana

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Ofcourse a scammer can affect ETH price in a very bad way. Stolen ETH from a scammer can be sold and if it's a lot of ETH, price will dump. But it has to be a very big number of ETH to affect ETH price. Like if a scammers hacks a big exchange.

martina14

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How can a scammer may affect the ETHEREUM price!

A certain wallet was scam and to get it as money for a safety measure!
The scammer will send the ETHEREUM or tokens to an exchange with out any KYC requirements.
Once that happen it can be a good way out for safety. the token will be dump or ethereum.

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Quote from: AlphaGoo on December 13, 2018, 04:01:05 AM

Yes, a lot of ICO scams made investors fear, and even the ICO developer team felt fear of selling Ethereum, so now Ethereum has been hit hard, and I think the price of Ethereum will be difficult to recover in the future.

The price of ethereum is going to recover but it is not going to be a fast process, everyone that is thinking that is going to happen during the next weeks is very mistaken, it is better to accept the price of ethereum as it is and try to get advantage of it if you can, I am sure that in the future ethereum is going to recover and be the respected coin that everyone remembers but we will need to recover the confidence of the investors something not easy to do during the bear market.

aces777

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This is true because once you do start to look at how the price of the coins are going down you are going to see that it is because of the scammers selling off the big amounts of coins that they got from doing icos and once that much money leaves the market then it is most definitely going to be affecting the price of ethereum due to the sell off

nemesio

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I think this is due to the fact that the average level of intelligence of the Ethereum holder is low, which is why they believe every word of Vitalik and easily succumb to and fall for the tricks of scammers. So it is possible that they have a lot of Ethereum at their disposal.

EducoinVietnam

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I agree with your opinion , quite reasonable sounds + like we've seen this spring, when major ICO projects have started to cash out the Ethereum , for fear of losing investments, and diversification .

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Quote from: mdzahed134 on December 15, 2018, 09:56:31 AM

Exactly also my opinion is eth mainly affected by who guys are working in ico projects. Bullshit projects marketing strategy is critical because they buying paid ico reviews from many big sites like as icobench and icomarks. Please stopped to invest just only seeing reviews without analysis.

That's the easy part of conducting an ICO and gain some popularity and mostly investors are often look on it to check some potential projects out there.

The only thing I hate about review sites are some of them are actually paid and this isn't the right way to market a project. Well can't do anything about it cause it become a routine for this field but the investors can review the project on their own to avoid being scammed.

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Quote from: SabrinaBianka on November 12, 2018, 08:54:13 AM

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

Yes that is one of many reason that makes Ethereum price falling so much. With the easy way to create contract in Ethereum making it so easy for any scammer to run their scamming theme, then dumping all the coins after they get what they wanted and end up making ethereum price falling.

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