Price is testing the 50% fibonnacci retracement level. There could be a huge run up coming

Cryptocurrency Bubble Will Burst: Aberdeen Asset Management

The recent rapid increase in the price of cryptocurrencies has resulted in many experts calling it a bubble and advising caution while investing. Aberdeen Asset Management is the latest to do so, arguing that like all bubbles, the virtual currency bubble will eventually burst too.

Bubble-like Characteristics
The growth in the valuation of cryptocurrencies in 2017 has been unprecedented. Bitcoin price has more than tripled in value, going from $900 in Jan 2017, to over $2,700 as of now.

This pales in comparison to Ethereum’s gains. Ether price has risen from ~$8 in January 2017, to $350 currently, a gain of over 4000 percent. Other cryptocurrencies too have risen multifold in value, leading to natural apprehensions of a cryptocurrency bubble.

Gold Rush Mindset
Aberdeen believes that we are currently in the midst of a cryptocurrency bubble and its bursting is inevitable. Speaking to Bloomberg, Peter Denious, head of global venture capital at Aberdeen Asset Management Plc, said:

“Prices right now aren’t being driven by network usage, they’re being driven by speculation that tokens are going to appreciate. It’s a gold-rush mentality.”

The proliferation of ICOs and the rapid increase in the price of tokens upon listing is one of the indicators of a bubble. Companies in the Blockchain space seem to have no difficulties in raising money quickly through ICOs, even if they do not have a proven or unique idea behind their token.

Other Assets at Record Levels
While the returns on cryptocurrencies in 2017 is unparalleled, other asset classes have risen too. Equity indices like Nasdaq and S&P 500 are at record levels, in spite of the uncertainty in global markets. Housing prices have largely recovered from the previous burst.

One reason for the increase in prices is the ample liquidity in global markets, caused by quantitative easing by various central banks.

While the cryptocurrency bubble may burst, it might not be the only one to do so. Past global crises have shown that the effect of a real estate or widespread equity bust can have long-lasting effects on the economy.

A crash of ETH will end in an unbelievable lost of trust in every cryptocurrency.
Many, many people (me too) came into the market, because they heard of ETH.
If these people will loose all their money, they will never invest money again.
Marketcap ...?
Worst case:
This people will demand regulation!

Finally a crash of ETH will be the best for the system.
Because it authorizes the system to take control.

So take care of your wishes...

I think this is a joke. Most of you guys were saying that ether will be $1,000 soon while it was $400, then you faced the the reality.

Ethereum's collapse is going to hurt Bitcoin more than MtGox. When you have mainstream media spreading FUD about Bitcoin and you have them

hype up a ScamCoin like Ethereum, you must know that they are desperate. They like the fact that it has a centralized authority and they like the

fact that you have UNLIMITED coins. {More or less the same thing Fiat currencies have in common with them}

Have a look at this --> https://www.youtube.com/watch?v=0UBk1e5qnr4 { Ethereum Vs. Bitcoin: What Sets Them Apart? | CNBC  }

The SEC has not even defined what Ethereum is yet, and if it is classed as a security... the Founders and Developers will be guilty of trading in

unregistered securities. Wow, why are people looking the other way, when Ethereum is clearly a Ponzi Scheme? { Greed? }

ETH is going nowhere. it's down because of the huge 100,000 ETH dump on coinbase, vitalik's "death", and coinbase's faulty service / limits on ETH purchases and withdraws at the moment. the trifecta hit at once, the market is testing those who are impatient.

people need to look at what's actually happening. entire development agencies exist now which solely build ethereum dapps, and huge companies like visa hiring specifically for ethereum devs.

^Funny listening to the clowns above...typical FUD and weak hands who are panicking

Ethereum will be back up..and yes it does have issues..but its a work in progress and these will be resolved over time

The power of ethereum smart contracts is a game changer and a revolution

Don't forget that hundreds of the world's biggest corporations are interested in ethereum because of what it does

LOL, yep. I used to log in here back in 2013 and most of the people were geeks that were actually into development and mining etc...

I guess those people have been pushed out.

A correction is always expected after a large bull run...

keep dreaming

If you look at the graphs the Bancor ICO actually correlated with the peak. It was the peak.

The bubble is over, the greed from these companies was getting silly and now they will watch their fortunes disappear quickly as all ICO holders run for the exit...

I mean $150 million. Come on. For nothing...

Ethereum 5 years on....

Still PoW..... 16GB GPUs are now being used for mining and DAG bloat is still an issue.  AMD and Nividia bring the market to it's knees as they will not make 32GB GPUs open to the public, (only for their own mining farms).

Users that want to run Ethereum full nodes will need 8TB hard drives because of the size of the blockchain but, mining Burst or Maidsafe is just too profitable to make freeing up the hard drive space viable. There are  only now a small number of financial node and they are under constant ddos attack.

Some ICOs have their own ICOs and the new Jaxx  now has 5000 different coin wallet, each that generate new addresses and private keys each time you make a transaction. 3rd party key management software is needed but is constantly being hacked.

Fractional Reserve Lending comes to ETH, JP Morgan sells paper backed Ethereum derivatives and futures and local retail banks offer loans of Ethereum, (All in Ether that has not yet been mined).

This is only the beginning...

Insiders are making a killing and now bagholders are coming in, these scam ICO's after scam ICO's no longer going to help.
Look like Polo got hacked and not by their side anymore, so damn much bugs, chance Polo got hack because of these bugs.
This scam vaporware is done.