Eth dropping now is just like Facebook dropping after IPO

[Sikka157]

Ethereum will surpass $1000 within a year. Eth drop is just like Facebook when it dropped from $40 to $17. 5 years later it is at $150 today

[thejaytiesto]

Ethereum will surpass $1000 within a year. Eth drop is just like Facebook when it dropped from $40 to $17. 5 years later it is at $150 today

ETH is dropping for 2 reasons:

1) Ethereum has big problems to scale, way bigger than bitcoin. The ICO ETH token thing is crazy and is collapsing the network. The network has shown weakness. Also the PoS hardfork is coming.

2) Bitcoin is crashing because of the hardfork drama, and when Bitcoin crashes, all altcoins crashes, except the typical random one that goes green.

[mekar sari]

The issue of August 1 is very shocking the world of crypto, maybe the 14th date will return to normal, even bitcoin will hit the 3000 dollar, let alone the ETH that stay in position 2, of course the price will quickly return to the number 0.15

[thejaytiesto]

The issue of August 1 is very shocking the world of crypto, maybe the 14th date will return to normal, even bitcoin will hit the 3000 dollar, let alone the ETH that stay in position 2, of course the price will quickly return to the number 0.15

We can't do nothing but hold and see what happens. I used to think Tether was a good idea for times like this , but ever since I saw it lossing parity with the dollar I think it's riskier than just hold it on BTC.
No other altcoin is showing to be solid against BTC, they all go red along with BTC. BTC showing once again that it's king, unfortunately when it goes down there's nowhere to hide unless you want to go to actual fiat.

[Alternative]

If Ethereum surpasses 1000$, of course I will be very glad, but for now I see no reason why it would reach such a high price, except if Bitcoin price climbs a lot. However seeing it returning to its ATH, circa 400$, would of course do not surprise me.

[Rigorous]

In a way it's an apt comparison, because Facebook had its own share of problems, ie. no business model. Then mobile ads happened. Just have to wait for the Ethereum equivalent.

[mekar sari]

The issue of August 1 is very shocking the world of crypto, maybe the 14th date will return to normal, even bitcoin will hit the 3000 dollar, let alone the ETH that stay in position 2, of course the price will quickly return to the number 0.15

We can't do nothing but hold and see what happens. I used to think Tether was a good idea for times like this , but ever since I saw it lossing parity with the dollar I think it's riskier than just hold it on BTC.
No other altcoin is showing to be solid against BTC, they all go red along with BTC. BTC showing once again that it's king, unfortunately when it goes down there's nowhere to hide unless you want to go to actual fiat.

And I took the right step, I sold at $ 2300 and I bought $ 2000, this could be the right moment for trading fast, you can do that if you are interested, it is really amazing, but I hope after 1 Aug BTC Can hit the $ 3000 figure

[ClaraLuV]

As thejaytiesto pointed out,ETH is having serious issues when it comes to scaling and all the tokens distributed through the platform will bite them back in the future without a doubt,lets see whether they can come up with a genius plan to counter these issues and if they can sort it out then the price will be back to normal.

[Balmain]

ETH had bigger problems before (DAO for example) but it recovered very quickly. Actually I was surprised to see that it recovered from that disaster (even if it had a stupid hard fork). Now it dropped from 400 to 150 but I don't think this will last forever. ETH will recover again and we'll see higher price. Maybe it won't happen over night but it surely happen in the next 3 years.

[thejaytiesto]

As thejaytiesto pointed out,ETH is having serious issues when it comes to scaling and all the tokens distributed through the platform will bite them back in the future without a doubt,lets see whether they can come up with a genius plan to counter these issues and if they can sort it out then the price will be back to normal.

I just don't see it happening. From what I've researched, respectable people has pointed out at Casper falling short to deliver, and the sharding method is also pretty flawed. In other words Vitalik is fucked and so are ETH bagholders. I would hold if I was bagholding tho. If a coin can pump due fiat cows injecting money into it then thats ETH. But once you break even then dump it unless you want to risk it for another leg up.

[Sikka157]

As thejaytiesto pointed out,ETH is having serious issues when it comes to scaling and all the tokens distributed through the platform will bite them back in the future without a doubt,lets see whether they can come up with a genius plan to counter these issues and if they can sort it out then the price will be back to normal.

I just don't see it happening. From what I've researched, respectable people has pointed out at Casper falling short to deliver, and the sharding method is also pretty flawed. In other words Vitalik is fucked and so are ETH bagholders. I would hold if I was bagholding tho. If a coin can pump due fiat cows injecting money into it then thats ETH. But once you break even then dump it unless you want to risk it for another leg up.

wonder who is respectable in your sense and as if what your respectable person think matters.

[thejaytiesto]

As thejaytiesto pointed out,ETH is having serious issues when it comes to scaling and all the tokens distributed through the platform will bite them back in the future without a doubt,lets see whether they can come up with a genius plan to counter these issues and if they can sort it out then the price will be back to normal.

I just don't see it happening. From what I've researched, respectable people has pointed out at Casper falling short to deliver, and the sharding method is also pretty flawed. In other words Vitalik is fucked and so are ETH bagholders. I would hold if I was bagholding tho. If a coin can pump due fiat cows injecting money into it then thats ETH. But once you break even then dump it unless you want to risk it for another leg up.

wonder who is respectable in your sense and as if what your respectable person think matters.

Coders who have been in the game for years and involved in bitcoin since the beginning and understand the different mechanics and also game theories involved have critisized sharding and casper. Some Core devs commented on it, Chris from Bitcoin Uncensored did an interview with an ETH dev and exposed some of the bullshit, also people that posted here like monsterer seemed pretty smart, and also iamnotback aka anonymint was skeptic about it ever working out or straight calling it bullshit.

Heres the interview of Chris with this one ETH dev:

https://www.youtube.com/watch?v=bj_Qpvx-GPM&list=PLqwJ8pFu44ZDkXbOSlFzP-HEsN51W5vi9