Scammer Can affect the ETH price. - page 2.

Ailmand

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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 so too, it's not just the scammers but also hackers driving the price down the drain because whenever someone hacks a big amount of crypto they just sell it and the price goes down eventually.

Ziskinberg

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Quote from: nityans on February 14, 2019, 04:43:11 PM

Correctly noticed, added a large number of questionable projects that behave dishonestly towards investors in order to obtain easy money.

This thing should be eliminated in the future, it will bring a big problem to the crypto space.
Scammer will continue to take advantage on people who are new and does not fully understand the risk of investing in crypto, especially in ICO.
Government will have to do something about this big problem to protect investors.

Quote from: nityans on February 14, 2019, 04:43:11 PM

Big money always attracts those who want to profit in a quick way.

Kindly explain further.

jcarlo

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Quote from: kakawin on February 14, 2019, 01:54:10 PM

Quote from: a4illusionist on February 14, 2019, 01:34:19 PM

Actually, Ethereum provides an easy to create tokens and with that scammers create a token for a very low fee and activate their plan. Alot of them run away with the money and they don't care what happens to ether or the community.

The eth developers have created such a good platform for creating tokens that it became very simple. This took advantage of a large number of scammers. The role was played by the fact that at that moment there was a rise in the market and people lost their brains.

ICO's scammer can dump their ETH from scamming and it will give effect to ethereum price. But ethereum is good platform and always increasing the security. Many scam ICOs last year and they collecting a lot ethereum coin and hopely this year people more carefull before join on scam ICOs

gaj ahmada

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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 the things you convey are not entirely true and there is no real evidence about your opinion, not only ethereum which has a declining price in the market but all altcoins including bitcoin have also decreased, it seems that this price reduction problem cannot be attributed to a scammer

nityans

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Correctly noticed, added a large number of questionable projects that behave dishonestly towards investors in order to obtain easy money. Big money always attracts those who want to profit in a quick way.

louisBSAS

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ETH collapses not because of fraudsters, but because of the large number of tokens created in its blockchain network. When tokens began to fall in price, many investors began to change them to Ethereum and continue to sell it for dollars. It is this that primarily lowered the price of Ethereum. Also, developers receive investments primarily in Ethereum and then sell it in order to get money for the development of the project.

motun01

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This is very true because a scammer would ideally not care about if the market is going up or coming down or fluctuating. the only thing a scammer will care about is selling off his I'll gotten tokens as early as possible so considering over 90% of new blockchain project are coming and having their token sale on the ethereum blockchain, I believe the scams taken place among them also have the power to catch the eth price.

pandanaran

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There is a lot of speculation about the fall of ETH lately and everyone is different because there are many sources that describe it. One example of a scamer Projects that use the ETH Base have an impact on the development of ETH itself, it is logical. Whatever the reason, the scammer must be stopped because it harms many parties. Cryptocurrency is being hit by a disaster, I hope to quickly recover the situation.

Fumzy

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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?

This could actually be true seeing that majority of the scammers in crypto world are literate. So pulling off stuffs like that cannot be put past them

kakawin

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Quote from: a4illusionist on February 14, 2019, 01:34:19 PM

Actually, Ethereum provides an easy to create tokens and with that scammers create a token for a very low fee and activate their plan. Alot of them run away with the money and they don't care what happens to ether or the community.

The eth developers have created such a good platform for creating tokens that it became very simple. This took advantage of a large number of scammers. The role was played by the fact that at that moment there was a rise in the market and people lost their brains.

TomiJerry

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Of course they can. If only in the list of fraudsters add all true professionals in the field of manipulating cryptography. First of all, these are large wealthy investors, owners of cryptographic funds and other major players from the banking sector.

a4illusionist

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Actually, Ethereum provides an easy to create tokens and with that scammers create a token for a very low fee and activate their plan. Alot of them run away with the money and they don't care what happens to ether or the community.

Forbiddenone

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Scammer can affect the price when they have stolen big amount eth,small scammed money doesn't affect the price ,few years back when phishing link started spreading many investor fund was affected and mainly new traders but now as awareness is spreading it has decreased so much.mainly investors loose there fund when they invest in scam ico's.

Yutikas_11920

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Quote from: baigreen on February 14, 2019, 01:04:14 PM

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?

Of course. Scammers demolish this great coin. This is a big problem. But unfortunately, no one can solve it. Regulators are needed. And other controls that would be isbavitsya from such is the number of fraudsters. I think every blockchain friend has the same problem.

if there are rules that are made, it might eliminate some properties from crypto, but regulations to reduce or eliminate scammers might be needed now because if there are no strong rules the scammer will still be there.

baigreen

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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?

Of course. Scammers demolish this great coin. This is a big problem. But unfortunately, no one can solve it. Regulators are needed. And other controls that would be isbavitsya from such is the number of fraudsters. I think every blockchain friend has the same problem.

daarul50

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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?

The statement above is true because since the ICO or smart contract project ETH prices have continued to decline. There have been many victims of investment fraud in the form of ICO projects and I think this should be an evaluation for ETH developers in the future.

Dellosoft

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You have a point here, some ICO teams sell off everything after the ICO to FIAT and it really affects ETH price. Vitalik didn't mean it this way, some bad guys are insulting the great works of Ethereum foundation which is very bad, nemesis will surely catch up with fake teams.

BartS

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Quote from: Pffrt on February 09, 2019, 10:13:34 PM

Why an investor will be impressed without a solid project. If you do enough research, no one can deceit you with a fake project. We should not inveat our money without proper research.

I agree with this, people keep investing in projects that have no future and have done nothing and yet they are asking millions of dollars, this needs to stop, we need to be more careful and to stop giving money to developers with nothing to show for except a website and a white paper, if we did that the number of scams will be reduced to almost zero and we will show all those scammers that we are not as dumb as they believe we are.

leetcoiner

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Quote from: malekbaba on February 10, 2019, 08:25:00 AM

The statement is truth. No doubt. Price falls if someone sells large quantities and fill buy orders at once. Scammers collect funds from investors. And once they get btc/eth, they just dump the price. And most dangerous thing is, they repeat the process. Hence arise the question of ICO regulation, KYC and product registration

You are right there is a process of retaining development on new projects in the field of cryptocurrency. When low prices on Ethereum is small, who wants to invest in new projects.

malekbaba

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The statement is truth. No doubt. Price falls if someone sells large quantities and fill buy orders at once. Scammers collect funds from investors. And once they get btc/eth, they just dump the price. And most dangerous thing is, they repeat the process. Hence arise the question of ICO regulation, KYC and product registration

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