To some extent yes. There are more people selling off ETH and less buyers. That's decreasing the price.
Only if people were serious about their investment and projects were serious about their investors and their welfare, it would not have been the case.
Topic: Scammer Can affect the ETH price. - page 14. (Read 24523 times)
You got a point in your argument. That's why I tend to believe that a specific and automated regulation that will govern how investors' money should be used and timeline for withdrawal from smart contract address must be put in place considering the above point you made to deter such dubious devs.
Scammer never have big effect for ethereum price, but drop by bitcoin make all of altcoin have lower price, look how bitcoin could have price under $4,000 and make all of altcoin price and ethereum have allowed under $200 and now have lower price at this year,
It's a big reason of ETH crash, scammers abuse ICO to get ETH from us, sell ETH in low price make ETH price falling. Unfortunately we can't stop scammer because we can not do anything to stop them.
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?
not only people who use the smart contract, but the scammers who are behind the cryptocurrency exchanger, now, who knows if they are really hacked? it could just be a drama to fool the cryptocurrency community around the world
https://etherscan.io/tx/0x4ed28237638aad4ff069bb3e33ef484228f1fa05c630524d65c426252cbbefea
imagine 1.5 million ETH being moved, and be prepared for the next dump
These scammers affect the price when they start selling those ETH that they collected.
When there's an overflowing supply of ETH or any other coins in the circulation that makes the demand lesser.
When there's an overflowing supply of ETH or any other coins in the circulation that makes the demand lesser.
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 do not think that. They can still hold as we do. The price of ETH goes down because of the adjustment of the market drivers. The scammers as well as us. They will wait for high prices and will sell. They do not rush because no one can penetrate their wallet. 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, scammer will dump the ETH they stole because they only want quick money.
That is why we must take any way to do our own research before we want to enter a new project.
Another thing that made ETH price drop is because ICO companies want to sell their ETH to pay development fee of their project.
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?
Most of the goals of dark project developers or scammers, only want to get the maximum profit, they don't care about the conditions of the existing price or future price conditions. When they get funding from investors, they tend to sell it directly because there is a sense of worry if the project will be tracked by law enforcement. However, even though they only focus on profit, in the end their actions can still influence the price of ETH and other cryptos.
As much as it is true, that is the sad part of it.
It happens not only to ETH but to most ICO tokens.
That is the whole point of scamming, which also leads o dump coins.
These people do not intend to drop the price, but their sole purpose is to make money faster and leave no trace
It happens not only to ETH but to most ICO tokens.
That is the whole point of scamming, which also leads o dump coins.
These people do not intend to drop the price, but their sole purpose is to make money faster and leave no trace
It's not just the developers that dump their ETH, these ICOs often give huge discounts to early bird investors and it is these guys that dump at the fist opportunity. Bounty hunters only have 2% of the supply which has a low impact on prices
The ETH amount collected by Scam projects will definitely be converted to cash. You're right about that. And this will always be a factor in lowering the price of Ethereum. Scam projects and unnecessary projects have also collected millions of dollars of ethereum. They all have a lot of ethereum. And this is a great danger ...
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?
Certainly in your words a lot of sense. ETH is in constant danger. Imagine how much of the investment we lose each year. The more popular the investment in ICO, the more scammers. Just if you take general statements from the forum, about 70% of the projects are now non-liquid. Even if the projects will use Eos this will not fix the situation. Since vseravno money go fraudsters.
But this is not the only problem.
yes, that reason seems to me very plausible because scammers will never care about the price of ETH now, what they have in mind is just money, money and money ... and after they sell everything, surely he will try to cheat many more people
It certainly impacts ETH price. Currently ETH has the most amount of tokens, project built using it. And many researches have claimed that 70%+ of ETH projects either fail or are outright scams. So obviously a big chunk of ETH is in the hands of these scammers, phishers etc. And they keep cashing it out, affecting ETH's price. Also legit projects need to sell ETH to continue their development. I think in order to provide more value to ETH, we need to be more cautious of where we are investing our ETH. If we keep investing ETH in quick profit shady projects, then it will come to bite us only in the long term, like now.
i think that's can affect market condition when scammer dumping Ethereum market for get big profit, especially when any some project with Scam Ending, i think the developer can dump the market whn they're sell the fund from crowdsale
I never noticed the price of ETH fell sharply while the rest of the coins grew. A ICO projects raise funds not only at ETH but also in other popular currencies. So, if a quick sale needs to fall in the price of all the coins. But in any case, it is necessary to fight fraud . You need to give them the collected funds strictly for the implementation of the road map and not on personal expenses. What you say is true. Lately a lot of scam project even to recognize from the beginning is very difficult. Some scammers have nice marketing technique that is very remarkable to made investor believe. For now on eth platform has been very risky. Some people get get easily smart contract and make their project. I think eth need more security updates.
Sometimes good scammers are planning it right to make it undetectable for the investors. We must be very careful upon selecting high quality ico projects. Because many projects right now looks very legit. But at the end the team will exit scam after accumulating large funds in the tokensale.
Well it's not just scammers that have dumped ETH. Some legit projects have had to sell to raise funds.
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 dont think thats affecting on ethereum price. Ethereum is not a token with smart contract, but i am agree that give bad perspective for ethereum. But i am agree that many scammer using ethereum for scamming people and sell it when accumulated will affecting on ethereum price
This is actually a very valid statement and sadly, it's valid for a lot of projects out there. They clearly don't do it to drop the price because they don't really care about that.
But mainly because they don't want to be traced or the address being flagged or something so they just move to fiat as soon as possible and live a good life afterwards.
But mainly because they don't want to be traced or the address being flagged or something so they just move to fiat as soon as possible and live a good life afterwards.
It might be one of the whole bunch of reasons but remember about ton of ICO projects which need to pay expenses and need to sell their collected Ether.
Jump to: