Scammer Can affect the ETH price. - page 6.

rapsa2018

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Activity: 504

Merit: 10

Quote from: Ziskinberg on January 09, 2019, 09:00:19 AM

Scammers are already here before and they do not only focus with ETH so I don't blame them on what happen with ETH.
The real reason why ETH is down is because bitcoin is down and as it's the most dominant coin in the crypto market, as a result, it will drive all the altcoins down. We saw some altcoins which increases its value but it's only temporary and it will not prosper without the support of bitcoin. Mark my word, once bitcoin begins to be bullish, altcoins will rise especially ETH, and even shitcoins has a chance to rise as well.

Maybe that is the point to bitcoin get dropped so ethereum price's also drops its price so some people recognize don't know what happen so that they saying scammers, fault so price dumps out.

goaldigger

sr. member

Activity: 2422

Merit: 357

This actually can happen and maybe youre right that it is really affects ETH price. People will do anything just to have money and cryptocurrency is not safe with it. Even the scammers adopt on our modern currency and they now use it as a tool to get easy money from innocent people.

Ziskinberg

hero member

Activity: 2926

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Scammers are already here before and they do not only focus with ETH so I don't blame them on what happen with ETH.
The real reason why ETH is down is because bitcoin is down and as it's the most dominant coin in the crypto market, as a result, it will drive all the altcoins down. We saw some altcoins which increases its value but it's only temporary and it will not prosper without the support of bitcoin. Mark my word, once bitcoin begins to be bullish, altcoins will rise especially ETH, and even shitcoins has a chance to rise as well.

debby070

copper member

Activity: 140

Merit: 0

www.codex.one

Quote from: SabrinaBianka on November 12, 2018, 09:54:13 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?

Well, if no one will going to ever support the ETH, it will going to lose its reputation and eventually affect the price. Well, Scam ICO's do really affects also to the reputation of ethereum as it has created the smartcontract.

isen

sr. member

Activity: 854

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Also, the price fell due to the fall in the Bitcoin price, as a result a chain reaction began during which some of the major holders of the ether sold large volumes of their ETH.

truongdhnh

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Activity: 870

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I agree with the view that people who hold a lot of ETH and they sell in bulk will make ETH decrease. Besides Bitcoin also contributes to ETH and other coins falling in price. On the other side of the crypto, the market is degraded after a period of high price increases.

Meryn

full member

Activity: 248

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the decline in eth prices is not affected by a scammer. they only cheat investors. and does not affect market prices at all. the decrease in eth prices or all altcoins, only influenced by bitcoin or some negative news.

NaXxow

legendary

Activity: 1085

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ALT Add: APfc4bykKHxYSVkvzsLdQvmiTXvTgMiCRM

Ethereum price is affected mainly by ICOs. If the ICOs turned into scam, yes in will affect the ETH price if the percentage of claimed ETH is large. Some of ICOs are collecting Million Dollar worth of coins during sale, majority of it are turning into a worthless upto scam ICOs. Those people earned money will definitely cashing out easy money for personal use. That is why Ethereum is having hard time to recover.

Naficopa

hero member

Activity: 2002

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I think that we have nothing to fear. Recently, scam ICOs are quite quickly recognizable and do not collect significant amounts of money. I think that the problems related to the drop in ETH prices, due to the realization of funds collected in ICO projects, ended with the bear market and the end of 2018. I think that 2019 will be very successful for the price of ETH, as well as for ICO projects .. For sure will be better than 2018.

giletto

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Activity: 812

Merit: 250

Quote from: maculeth on January 05, 2019, 10:35:20 PM

I know what you mean is fake ico, where ico uses smart eth contracts and makes an interesting project concept to get investors to start providing funds. I don't think it has a big effect, because while the token hasn't been launched to the exchanger, then their tokens can't be converted to eth.

Agree with you, the main reason is successful ICOs. They were the ones who caused the price of ETH to collapse when all dumping problems developed their projects. Those ICO scam don't hold too much ETH so they can't make ETH collapse

Alucard2425

copper member

Activity: 294

Merit: 1

I agree in scammers has made a great impact in the price of ETH and other crypto, I think the main problem in the one who had been scammed are the ones who are not making their homework first before they go inside the world of crypto, I think the best way to be safe and wise on the crypto, is to know what are the consequences, risk and problem you might encounter in the road of crypto Wink

maculeth

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Activity: 714

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BountyMarketCap

I know what you mean is fake ico, where ico uses smart eth contracts and makes an interesting project concept to get investors to start providing funds. I don't think it has a big effect, because while the token hasn't been launched to the exchanger, then their tokens can't be converted to eth.

ivannalog814

jr. member

Activity: 182

Merit: 1

Maybe it was before but not now. Now people have become more experienced and not as trusting as before. Especially now on the Internet, I often notice that such projects make reviews and explain why you do not need to invest in this project.

Black Angel

sr. member

Activity: 574

Merit: 253

I am sure that scammers do not have the courage to hold the coins they get in a long time, they immediately exchange to the dollar so as to make a market drop, especially ethereum that we easily sell so they are scammers who become the killer of the crypto industry.

Dannev

jr. member

Activity: 169

Merit: 1

Any investor who allows scammers to get through to them is not grounded in the crypto business. If you have funds to invest, there's research to do in order to ascertain and keep away from scammers.

ipsec

sr. member

Activity: 584

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Now I see that ETH is beginning to confidently go up. ICO projects has not become less so the reason I think is not this. The reason is that the developers do not properly dispose of the received investments.

Gudhal Untu

full member

Activity: 845

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Of course, a scammer certainly has a big effect on ethereum, but the effect given is negative and makes ethereum drop prices, because I'm sure they will immediately exchange to fiat after getting ethereum.

owlman

full member

Activity: 602

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Of course, if you sell a large amount of ETH - this will affect the decline in demand and lower prices. As practice shows, not only scammers can sell ETH, there are many other projects that need cash and they have to sell some savings in Ethereum.

Clark05

sr. member

Activity: 1274

Merit: 263

Those scam ICo because for sure they will sell their ethereum that collected to the investor. Because for sure the scammer will use the money of the investor for their needs and run all money. We hope the scammer will become tried and retired of bad habits.

Lets be smart every single investment that we made so we can't lose our money and it will grow and we can buy anything we wants not the scammer.

PlusOne88

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“Tackling Climate Change Using Blockchain”

Yes I am thinking the same. When people use the technology just to scam people, it is giving just fear to a would be investor and because there would be victims, they would certainly feel that it is not worth investing to go with coins that are a nest to the scammers. Instead of the good side of the technology that should be seen by the people, only the negative things are seen which could cause a FUD. So I believe they should be stopped, traced and jailed because they are doing any good to any coin or project and they are affecting price values.

Topic: Scammer Can affect the ETH price. - page 6. (Read 24523 times)