Bitcoin Forum

"The collapse of ETH is inevitable"


https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/ (https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/)


"Here’s a prediction. ETH — the asset, not the Ethereum Network itself — will go to zero.

Those who already think that ETH will not see real adoption — thanks to a failure to scale, to adopt more secure contract authoring practices,
or to out-compete its competitors — don’t need to be convinced that a price collapse would follow as a consequence. "





I'm sure many of you will disagree with this article...

0 it definitely will not cost. but the fact that it is well dumped is a fact. ISO after the charges immediately sell it. and the article correctly states that the network stopped in development

How much is known about the etherium team still continues to develop the project and constantly releases updates for the network. To be honest, I hardly believe in this prediction.

This article's prediction doom for the ETH asset but the Network will remain active does not correlate. ETH may be going through a turbulent moment, but i am not sure we have seen the end yet as ETH will always remain a store of value.

Wake up mate. It ain't gonna happen. Ethereum will weather this storm. I am pretty sure about that. All Altcoins are taking a hit of the moment and Eth is no exception. Though no one is happy with the never ending congestion on the Ethereum network. I pretty sure some thing is being done about it. Let's wait and see

Agreed. How can blockchain with main mechanic which was built on the ETH applications today will be working without this main element? How can work all this smartcontracts without fuel? And if team will make 1 or 2 eth for block mining then scarcity of ETH will grow. And in such conditions you think ETH will cost zero, isn't it?

Sorry, bu it's a bull shit article! I'm 100% sure that ETH technology is #1 and much better then Bitcoin now but we need Casper to solve scalability problems for mass adoption (dApps). After Casper will be launched ETH price will make new highs.

I am sure that there will not be any collapse of ethereum and can not be. The ethereum team is now going to introduce in the coming months the Plasma project in this coin, which will allow this coin to have scalability of hundreds of thousands of transactions per second instead of the current fifteen, and in the future - a million transactions. And this is not the only improvement that it intends to introduce. I do not know why they spread such rumors and try to lower the rate of ethereum. Is that the more to buy it, while the nervous in a panic will sell it.

Ethereum is not going to collapse as there are too many projects riding on it. However, it is unlikely to hold the number 2 spot forever due to the issues with scalability. It is already struggling and more tokens are being created all the time. Another crypto kitties will kill it off completely, NEO is the one that they will all turn to

Very sad to hear that Eth will die. But I think that is very unlikely because the community or founder will try to improve this. And I think this is only temporary. We will not know what will happen next year. Maybe eth will give a special surprise with a high price rise.

As much as I would like Ethereum to survive, it looks like they have made a real clusterfuck of their network. It is not clear who pays for what, the smart contracts are vulnerable, and complicated and they have to start delivering on their long announced technological advancement. If successful, they may prevent the disaster. If not, it was a nice experiment and other cryptos can learn from their mistakes.

I think this article is custom-made. This order is from investors who keep money outside the crypto market and wait for the prices of the ethereum as low as possible.

Ethereum to 0?

Guys the media, banks, government and their paid morons (celebrities and business guru's) are all coming in to shake you out of your coins so they can get in on the cheap.  IF you believe in crypto and your still holding realize you played this wrong and prepare for next cycle but for godsakes don't sell at the low to these assholes. 

I cant imagine it could come to that. Ethereum is used a lot and so the price will probably never fall to 0$. Before there will always be people who buy up these coins cheaply.

I agree, all markets are indeed downtrend, ethereum is no exception. Even before ethereum was believed to be replacing bitcoin and becoming the No.1 coin in Crypto. This kind of problem is sure to happen and I'm sure it won't stop there, surely the developer also does something. ;)

I do not think that eth will crash, as we see eth as a platform for performing btc transactions. So, for whatever reason people can get rid of eth.I know that a lot of people are still storing eth in their wallet and  expecting a surge of the price. Although eth is relatively cheap at present and not as we expected, I am convinced that it is still a good investment option.

It is only FUD. This scenario is "impossible". Obviously a protocol change must be there, but the necessary time for this unlikely scenario is much longer than possible changes like raiden, casper etc...

You can´t compare a random altcoin with ETH. ETH is the gateway for
investing into ICOs. Most ICOs raise a majority of their funds in ETH.
Therefore all successful ICO teams end up owning a lot of ETH that they
want to liquidate. And obviously they want to do this while they are still
getting a nice amount of BTC or fiat for their soon to be worthless ETH.

An altcoin like Monero or Litecoin doesn´t have this downward pressure by ICO teams
that are looking to cash out, because they are not used to raise funds for ICOs.
Ethereum will drift a lot lower than most altcoins and will eventually
be trading for a few $. 190 $ is still ridiculously high for ETH.

Why not? Why this forecast can not be true? If in the shortest possible time, and this is not more than 2 years, the problems existing in the ethereum network will not be solved, this cripto currency will be crashed and forgotten, and its place will be taken by another, more technically advanced crypto currency, for example, EOS

This is more speculative article doesn't make any sense and I am sure that soon Ethereum will reverse and start to move to the top ! In order to

This is only the difference which we know that ETH would really have that kind of pressure since its being used as a gateway and anytime things can possibly turn upside down but talking on going back to $0 price then
i will say it isnt possible.It might crash but wont really come to that point and im sure with that.



Not all days will really be a red market there would always be a sunshine after a storm.

I will definitely disagree with the article i think articles predicting values are never serious for me, as far as eth is concerned i think it will bounce back from long term support area of 0.026-0.028 btc area, i do agree that it will go further beliw from here but i also expect reversal once it bottoms out.

i don't think thatETH will crash anytime soon, it's a really crucial coin for the market

I do not understand how the platform can still be active while its cryptocurrency will go down to zero. It does not make sense to me. There's also a continued development to improve the platform.

This is not a collapse, but rather just that the coins are taking a bit of a hit after people have been selling off so much of their coins lately. There is a recovery coming and i think that the fact that eth is suffering so much is because all of the scam coins and tokens that are being created on its network is starting to take a toll on it now that more and more people are getting out

So this is all around the community; the news about the ETH. This is so saddening to get the information like this about ETH. I don’t know how people will recover from this disaster situation   

Still now i believe ethereum will overcome this situation and price will rise in near future. That’s why authority needs to take initiative to improve this situation.

I don't think so, there are many projects that are created based on this platform. So there will be people that will work hard to keep ETH on living.
Also the market volume of ETH is high, that is small chance that it will be collapse.

Despite the fact that the price of ETH is declining, I do not think it can reach 0, because Ethereum is a network inside which a huge number of erc20 tokens are created. I believe that when the market is restored, the price of ETH will also grow and those who sold in a panic will regret it.

etherium still working to develop the plan and always gives latest news for the network.but I think bit coin is better than eterium.

I am interested about ETH . And I want to buy some of theem but many of friends suggest me to avoid buy ETH becasue of it's collapse and that's why I am confused .

Don't worry about that, you can buy ethereum, it was a not a collapse, it was a dip which happens to any coin, it happens to the best of the coins, it will take a little while but the coin will bounce back and start doing well. But don't take your advice from other people, do your own research into the coin and make a decision for yourself, it is your money after all.

I looks like Ethereum started to recover already. It went for 167$ to 220$. The article was just meant to scare people, Ethereum is a strong coin and it will recover even more from this point on.

Yes, the low price is inevitable. No matter how good the product, it cannot escape the law of supply and demand. Just like what happened on ETH, a lot of big whales started to sell their coin and other small investors followed their decision. It results to decline in price which what we are seeing today. ETH will continue to go down until $150 then recover little by little until it reached its peak again.

Even though this article has stated ETH will be going down, it still does prove that they have a very good team in the end. Also ETH will always be a store of value. ETH dying seems likes an unlikely possibilty.

ETH will not collapse. It will succeed.

agree with you. many projects I use and will use the etherium network and also accept this volition as payment. for me all these articles causing a negative background around the coins are created in order that we would sell them, and they then purchased at a lower price

To say that 'the collapse of ETH is inevitable' is laughable. If you base the failure of eth on scaling then the article is wrong. There are already many other blockchain that offer scaling solution to any platform like aion.

The drastic fall in value of Eth over past few weeks has been very demoralizing and unexpected, meanwhile as long as the use case of eth continues as the gateway between ICOs and investors, then I don't think it will go down the drain.

all can happen no one can ensure the future and development of crypto currencies at the moment there are no guidelines for the development of cryptocurrencies.

Ethereum could collapse because it has no any limit in issue. Every year +18 000 000 ETH is added into circulation.  So people will prefer to keep BTC or other altcoins will limited issue then ETH. it's my subjective opinion.

I have always considered the fragility of cryptocurrencies and how subsceptible it is to market forces and manipulations. And Vitalek Buletin aired his view on that saying cryptocurrencies could get to near zero value  https://www.pulse.ng/bi/finance/finance-ethereum-founder-warns-cryptocurrencies-could-drop-to-near-zero-at-any-time-id7999075.html.
But I wouldn't say such a drop is "inevitable", cryptocurrency is uncertain. And nothing is inevitable.

Things may change over a night, this is how the market works and yes the value is decreasing day by day. But it doesn't mean it is dying. Let's wait and see how the technology goes in future.

complete nonsense. another manipulative news for people to sell the etherium

Articles about cryptocurrency, bad news or good news, are sometimes used to manipulate cryptocurrency. They are being used to influence the mind of the people here in cryptocurrency industry.

In this case, like the article presented here, it is used to bring fear and panic to the market to make the prices go down. In that way, clever investors can buy coins at a low price. Then, after some time, you'll notice that the price will go up. Isn't a great idea?

And I'm sure that you are hoping that eth will not drop to zero because you also have holdings in eth. I believe that Bitcoin will still grow even higher that it's previous ATH of $1.2k last year

I think if ethereum collapsed, what would happen to most small coins. In my opinion, if Ethereum collapses it means the crypto world collapse, and blockchain technology is considered a failure.

it's just speculation, ETH actually has a moment of weakness, but I do not think it's the end. The question is whether ETH has competitors that can replace it. I think not yet. one day the falls will end and everything will return to normal for a moment.

Approximately the same thing was written about bitcoin in 2014. About any coin on the cryptomarket, you can say that it is not provided with anything. And it is true. Tokens are just objects for speculation.

At present, the entire cryptocurrency market is at a low point. The price of all cryptocurrencies has dropped a lot. The same is true of Ethereum, but I don't think ETH has collapsed. In fact, this is impossible. There are too many projects in the encryption world. He, I believe that the rise of Ethereum is only a matter of time, and Ethereum will surprise me.

I think Ethereum has now raised the price back to 242 USD.
Ethereum's lowest point for this year is around 170 USD and now the price is 200 USD.

This is the turning point of Ethereum again raising the price.

It is difficult for ethereum to reach their highest price because there is no new money going into crypto currency.

Ethereum did not stop in its development and improvement. I hope that in the coming months this project will introduce a Plasma project that will allow it to have scalability of hundreds of thousands of transactions per second instead of the current fifteen, and in the future millions of transactions. Therefore, I believe ethereum is still a reliable and promising coin and a deserved leader of altcoins. I hope that in the near future it will rise well both in price and in popularity.

Completely true. No one can predict the future obviously which is why saying that the collapse of ETH is inevitable is truly stupid in my honest opinion. Ethereum has proven to be one of the most popular alternate cryptocurrencies due to a multitude of reasons such as:

- Experienced development team
- Technological innovations
- Survived through the bear markets
- Consistently stays in the top 3 rankings of CMC

Some predictions are imaginary. The asset will drop to zero but the network will remain. So the network will not support the asset again?

Please hold your assets. Don't waiver because of these predictions and throw away your ETH.

I really don't think ETH's value will become zero. As the best altcoin in the cryptoshpere and one of the best if not the best blockchain it won't happen. If ETH will collapse, all altcoins relying to ETH blockchain will also fall. So many people making predictions right now about the fate of a certain crypto but most of them didn't want to happen. This article is stupid and maybe a paid one. ETH will not fall and will continue thrive in the next couple of yours.

The truth of the matter is, They can only say that by judging at the current price at the market right now, maybe they are part of the group who is rival with the ETH so they made something like this to cause panic to the hodlers of Etherium and migrate to their coins. nevertheless i'ts about time for Etherium to make a huge updates about their development so that they can counter some negative speculation that currently ongoing.

anything can happen, if ethereum has collapsed and has no potential in the future, the developer of the erc20 token will definitely switch to another platform. but I don't think so and many people who still believe and continue to hold eth as valuable assets in the future.

Ethereum created the myth of last year. This year the market has returned to a rational price and needs a better technology to drive the overall market. But at present, Ethereum is still valuable.

I don't think that ethereum is collapsing, just that the coin is having a hard time right now does not mean that it is not going to recover again. It is just like any other coin, not free from manipulation and there are times when the price of the coin will go down and there are times when there will be pump in the price of the coin. It does not change anything.

So if ethereum has not limit, then it is the same as ripple which doesn't have a limit too, and I think this coin can compete in the market. But fortunately, ethereum still has the highest price depends on ripple, so I think ethereum will stay behind bitcoin and ripple will behind ethereum. But every coin will get a new price after the market recover and who knows, the ethereum position will be change to another coin, we still don't know about this. But I don't think that ethereum will collapse.

Read the whole article and I think you would agree on what can happen on ETH. GAS is one of the problem whenever we have transactions.  Regardless if you have enough ethereum to transfer, it will always be a hassle because of the congested blockchain. Maybe if they just deduct a portion of the coin that we were transferring, that will be much better than gas. Again, read the article and you will know.

Hey its just somebody else's point of view, I think we have already seen the bottom for Ethereum and it would not have even dipped to around $160 had the ICO not been dumping to safeguard some of their funding.