Bitcoin Forum

Nouriel Roubini said that the decline of Ethereum was triggered by a few active decentralization applications (DApps)

and the result is 80% ETH drop and fall, DApps is crypto kitties, scammy, ponzi pyramid, and casino games. so the cryptocurrency has lost its value.

Can't say I'm surprised. Ethereum has had several issues over the years including scalability.

I remember when people used to think that ETH could seriously rival BTC but we're way beyond any flippening happening.

All this time I know Ethereum is a coin that has many advantages and many people are looking for it to exchange tokens, but I don't know that Eth has some problems and that makes Ethereum worthless.

I am holding Ethereum for about a year, I am waiting and expecting the price will rise as 2017 which Ethereum reach the top value. In fact, since the end of last year, Ethereum seems losing out its value, till now it is still with the lowest score. I am wondering whether Ethereum will survive in crypto currency or it will remove and completely lose its value. 

You should move this thread to Altcoin Discussion. (https://bitcointalk.org/index.php?board=67.0)

It also has a lot of disadvantages where scammers can use it to create their coin and start their own ICO. Collect millions of dollars and later will just dump the coin they created through ETH.

I think that is also the reason that made ethereum go down, because the many ico scams and ponzies make people lose faith.

This decline is very painful, where the average lot of people save ETH after bitcoin. If this stays like this, I am sure that the ETH will be abandoned by investors and can be even worse ...

Ether is at $192....
Down 85% from its peak.
 
Textbook pump & dump
 
 

This are the garbage of crypto currency, the scammed is the main reasons why the price of crypto currency in countered a massive fluctuations.  Because some investor's are losing their interest to invest their money in crypto currency because they think always that crypto is a kind of scammed activity.

I'm quiet surprise in the drastic fall of the market price of Ethereum. Due to this fall, a lot of ICO projects don't want to list their tokens for trading to commence. they are scared their tokens might get dumped.

You are very detrimental to people and also scammers are very damaging to prices and make people lose a lot, and it is true that results.

I don't think so. In my opinion, because of the many offers buyers buy ETH at low prices, the price of ETH falls on the market...

Winklevoss twins just announced a stablecoin backed by USD. The Ethereum-based token is:

- Approved by NY Department of Financial Services
- Dollars held in FDIC-insured State Street account
- Audited by multiple third-parties at various times

The market continues to mature.

altcoin is all in decline, don't be worried Ethereum is included to negative percent

It is not just Ethereum but most altcoins have had a drastic decline from the Jan peak. Even bitcoin has declined 70% from its last highs. It is just a big correction that may be close to ending.

Those might affect the value of ETH due to its scalability and prone to negativities fud. Once ETH were established again like ETH 2.0 that Vitalak might considered. This will revived the value of ETH and potential investors will flock on it.

Ethereum already has several scalability problems. for years. people used to think that the ETH could seriously compete with BTC, but remained outside of all the flipping that occurred.

I can say ethereum was damaged by his own followers. too many people suffer losses due to Ponzi schemes, gambling, and the like that use the eth platform. therefore ethereum may have to make a new innovation to restore users' trust in their platform

Ethereum is also responsible for all the shit ICOs.

this market panic has affected eth holders to sell their assets, especially the developers competing to sell eth they got from ico. it is very sad that eth was thrown away very hard and scared many people.

because the bitcoin price continues to be bearish, the altcoin also follows it,
and of course ethereum also follows it, and bitcoin domination has also 55% made the price of altcoins worse.
keep calm and hodl!

They have planned it all and this is the thing that Vitalik should focused with rather than giving some discouragement on where cryptocurrencies are going. Giving requirement to the parties that are interested to use their smart contract should be implemented. I agree on that part which is being abused by these scammers. Its just a cycle that these scammers has a plan of execution by creating and abandoning the tokens and projects that they are creating.

Since ETH has been created, it opens a lot of opportunities wherein they can freely create smart contract as long as they know the steps. There is no regulation that limit the developers so it can't be avoided that some may take the advantage of this features. So, this is why we have to be vigilant and take some time when investing in an ICO because we already know the situation.

He's completely wrong ! In addition to the Casino, Pyramids and so on, let not forget that the ETH platform are also great and powerful projects that have partners such as Google, Microsoft, Samsung, Apple, Electronic Arts,Ubisoft . I think that this person does not know what he says !

Though I agree with you suggestion to some extent but I also believe it is affected by the rate at which investors now dump the coin due to the bear and there is no good demand for ethereum and this condition is a bit discouraging as ethereum is one of the very potential coins in crypto.

A much more urgent problem for the Ethereum system than the drop in the ether value to zero seems to be the question of scalability - the network capacity expressed in the number of transactions processed per second. Currently it is about 8-15 t / s. Ethereum as a public blockchain requires that each transaction be confirmed by all nodes. Increasing the block size to accommodate more transactions without going into technical details is associated with increased centralization. In turn, larger nodes will require more advanced equipment, which means they will be able to be driven by more wealthy entities, thus eliminating smaller players. The introduction of each additional ERC-20 token is increasingly straining the already overloaded network.

In the entry on the reddit Vitalik pointed out that the price of ETH can go down to zero but it does not have to

It is very sad that the application should not affect the crypto world. In the past year, Bitcoin and Ethereum tended to go up and down in the same way, while other coins like Ripple, EOS, and other tokens experienced similar movements. However, since the beginning of August 2018 every cryptocurrency other than Bitcoin has experienced an intensive movement on the downside, because the downward trend is too strong in the market.

Is this the reason Tron moved away from ETH, to directly compete for dapps?

Their are lot of reasons for Ethereum decline, most of the ICO created on ETH platform are now scams, ETH blockchain got problem with not capable of handling huge transactions, Their are more Projects which are same like ETH  and  are fully capable of competing with ETH and they are more secure as this projects are capable to stop scammers to create ICO to scam.

I'm starting to doubt on chain scaling solutions for ETH will ever come to fruition. Sharding has been talked about for a very long time now and still, we have nothing on it. There are a lot of problems with sharding that I can't seem to figure out a solution for, like the potential for a 51% attack on multiple shards. Plasma sounds great, but still, nothing on that one either. Now the dev community in ETH is getting split up over the potential upcoming hard fork (At least that's what I have heard). Also, wheres casper?

ETH is dumping hard and has been a terrible investment... I don't know if these problems with scaling can ever be addressed.

shit people buy shit ico. nobody has to buy shit ico token. then there is also no scam. but everyone wanted the quick money. and because everyone wanted the quick money the people invested in icco and are now ...many people are at the end

IMHO this is pack of ICO that trying to save at least a part of the money they got on ICO) IMHO there is very few of them now that have eth) So dump will be finished by closing short positions and panic buy of eth)

some argue that making the ETH fall is a very bad and slow transaction connection if the transaction volume is high so that many transactions in pending even fail so many traders turn to other altcoins

almost no altcoin can survive when correction market, if the ETH doesn't have problems with DApps, I think, the ETH will not fall drastically.

Yes, I agree with you, even I am the holder of the ETH, I still have believe that the ETH will replace the position of bitcoin in the future, after the inventory of bitcoin runs out.

Today, drastically drop in ETH is not the end of the ETH assessment. I think the ETH trip is still long. and there are still many problems that must be faced.

There is absolutely no doubt as to why it could be going down pretty fast at the moment, but it is not like it would keep being this way. It is understandable that people will tend to look for reasons anyway and even with all the ponzis, scam ICOs and so on that people keep referring to, it still does not change the fact that they will all vamoose from the market eventually, and then a new trend will begin.

Ethereum may have had its own share of disadvantages, but that does not mean it has not impacted positively in the crypto space. When bitcoin prices will be finding back its rhythm of getting into new ATHes, I believe ethereum also will be back to form to make us possible rich.

Now you can talk about different factors of the fall, but you can definitely say one thing, ETH should be bought until it starts to grow

The fall of the market has affected ethereum holders and made panic and they sold low. But even though ethereum fell so low it would not be a death for ethereum, ethereum was a strong project and would certainly be able to rise from its fall, I am sure ethereum would be able to rise again.

Think not that a sharp decline occurred, it is even possible to say scheduled, and force majeure, than the explosion of the economy of danois coins. things will be better soon.

Indeed! Everyone has there own thoughts about the reason why ETH dumps like this, so technically its hard to know what is truth about it. Just focus on buying ETH, this is really good when you have more ETH on your wallet. The price are cheap, its an opportunity to buy.

Today's investors divided into 2 groups.
1. investors who still believe in ETH and all types of tokens on the basis of ERC20. so they choose to buy more ETH, and they also make the ETH market always stay in every exchange.
2. investors who leave ETH. they see that ETH will not last for a long time, DApps is little, and won't be like bitcoin in the future.

and in my opinion, this is the wrong assumption.

Ethereum is not worthless and I wonder where some of you simply get your assumption from. Market can be in a downtrend, shit can happen, there will always be manipulators, Ethereum is not the only coin going down fast, it could be for any reason with most of it tending towards speculation, but for what it is worth, there are still very good projects present on the Ethereum blockchain and all these are just some excuses people cook up to explain to themselves the reason for the downtrend.

I never doubt ETH, its a platform that every crypto users can be used to develop their ideas and give ease in their transactions. ETH might be in drops now but who knows later when the market recovers it might reach amount we didn't expect it to be. It's just all altcoins were being tested now by the market.

ETH is back on track today. After Vitalik Buterin post in twitter to clarify his words, the value of the market has improved very rapidly. With that information, I think ETH will quickly return to its position. it's special now

Eh, the demand has decreased hugely.
Scammy ICOs might be one cause. But its more that ICOs are in general, useless. Only a few is useful for anything. I'm not surprised that the market is doing so poorly.

the decline in eth is commonly felt because the decline in frequency often occurs, until sometimes many of our friends feel panicked. because of seeing the current conditions. then we also hope that eth will rise again.