Topic: Scammer Can affect the ETH price. - page 8. (Read 24564 times)

Not only to ethereum, but indirectly, fake icos are giving great damage to the market also. You are right but unfortunately there is nothing to do. As long as we do no get rid of scammer, confidence in the market will decrease.

First of all, eth itself is to blame for such a deep collapse in cost. After all, the problems of the scam projects have been going on for quite some time, the project could make mandatory smart contracts with the return of funds within a few months.

EOS is simply waiting for the right time before dumping ethereum out of the market. EOS doesn't have a usable product yet, but when it does and becomes close to toppling ethereum they will dump all their holdings of ETH and sideline them down the shitcoin market

Against the course of Ether, the factor is that all ICO projects have accumulated it and now they pour it (and will merge further) in order to have Fiat on their current activities, payment of servers, staff salaries, etc.

Plus, the mass of small Mummy miners are constantly selling naminoennoe the little things. Both do not contribute to price increases.

Yes, Acne continues to “crush tits”, all postponing and postponing vital network updates to increase transaction speed and scaling, for now the Ether Network does not have a safety margin for capacity and speed in its current position.

 

Ripl has neither the one nor the other, nor the third lack.

It is not used as fuel for ICO.

Miners do not drain it, because it is not mine. Initially it was printed in the system of almost 100 billion coins, almost all.

In terms of speed, it is already faster than almost all other cryptocurrencies (1500 transactions per second against 20 Ethereum, that is, 75 times more).

 

The shortcomings of Ripla are known to everyone - the high centralization and “pig nose” of fiat bank capital, which there is clearly hiding under a fine cryptocurrency physiognomy.

And in general, Ripple is essentially not a cryptocurrency, but a sort of payment gateway system, a cryptographic payment system that has cryptotoken instead of shares.

 

Judging by the last months on the market, all these shortcomings have ceased to particularly scare the cryptocurrency community. And for institutional corporate investors, this is not a disadvantage at all.

The authorities, too, will only be happy to arrange a full rectal examination of as many people as possible who drive payments through the network in order to avoid tax evasion.

 

So Wang, that Ripple is now in second place sat down seriously and for a long time.

in my opinion right, when scammers become the topic of conversation, the etheriun is getting more and more down. and this is also supported by the weakening etherium prices so many people panic sell.

Everything is not as rosy as you imagine. Recall, at least, the EOS, which periodically sells its 400k eth, thereby affecting the exchange rate of the currency itself. Yes, as for the EOS, we are dealing with a competitor of the eth, who is really interested in this, but it still clearly shows how such a sale affects the currency exchange rate.
Now imagine that in the conditions of the market, with small volumes of trades (as we have seen recently), some kind of scam project will sell at least 2-5k ether. And you think it will not affect the course of the eth? You are wrong.

For example, another story.
From a purse or exchange ETH is stolen. In order to quickly make a profit, scammers urgently sell it at a price lower than the market price.
And so the price falls on the ETH.

if they conducted collections in ethereum and then they quickly sell all the funds raised, thereby creating a bad effect on the market

I don't think they can move the market with their funds, i don't think it's enough, i wouldn't be worry that much only whales can bring down the market and no one else, a single scammer wouldn't be able to do anything to the market.

Of course, they can affect the price, but for this they need a lot to sell ETH. There are a lot of such projects, so I think that it is necessary to regulate the ICO

I agree with your opinion so that many investors no longer believe in the ico project whose concept is good and the team is clear, hopefully the scammer can be cleaned up immediately to restore investor confidence.

Many a project embark on this just to scam Investors and sell off their Ethereum at any price suitable to them. I hope this stop as soon as possible though.

I agree with this. This have been the case with Ethereum and part of the reasons why Ether keep falling in price. It is one of the most used coin during ICO'S and this day most projects are of scam. So they sell off their Ethereum almost immediately without Mercy.

It needs a huge amount of ETH before we can see the price will dumps and I don't think that the real reason of dumping are those scammers. The main reason of price dumping are those whales who manipulates the market and they will do to control the ETH price at their comfortable prices. Look at how huge the money needed to bring-up the price of ETH from $80 to $140. Panic sellers might be a factor as they will sell without thinking of the market price as long as they will sell and buy back at lower price.

Unfortunately, there are scam projects and they are bad for cryptocurrencies and the crypto market. Such projects undermine investor confidence, which in the future no longer want to link their finances with cryptocurrencies. Also the problem is what you described above. Having collected a sufficient amount of ether, scam projects simply dump it back onto the market, thereby pushing the price of ether down.
Such projects unambiguously cause great damage, so this is exactly the area of ​​crypto relationships where regulation is necessary. Projects must comply with certain standards and be accountable to investors and the crypto community in accordance with established laws.

I think the main reason for the Eth fall was that almost all ICO projects were fixing their profit in fiat money. That caused the price drop. The second reason is that the whole market was falling and Ethereum simply followed the trend.

So. Fraudulent projects just to collect money because when they sell the collected funds, the price of Eth from falling!

I can say that this is one of the main reasons but it is not the main one. From this reason, a huge share of speculation in the cryptocurrency market follows. After all, ETH was produced by scammers. Once projects receive investment, the founders ICO missing data and produce a huge pouring ETH on exchange. Therefore, the price of ETH decreases.

I am sure that there are many reasons for the general fall in Ethereum prices. This includes the poor state of the crypto market, manipulation attempts and fraud activities. But I am sure that over time the situation will improve after the recovery of the crypto market and the emergence of regulatory methods, protecting investors from the activity of fraudsters.

I think scammers have an impact on eth prices, but it is not significant and only in a short period of time especially when they managed to raise funds from investors in the form of eth or other crypto. And then sell it as soon as possible at a low price, which allows a temporary dump in the market. But on a marketcap, I don't think it's caused by a scammer factor.