Why ETHERS Price kept dropping?!

[Bitcoin Guy]

Is it a correction?   

Where is the bottom?

[bouren]

Nope it isn't correction. It is systematic dumping of price.
Due to congestion on ETH network, deposit/withdrawal of ETH was restricted on almost all exchanges. Most of exchanges have now opened trades in/out but some are still not opening. Thus, it is directly hampering exchange and exchange rate of ETH.

[Nipperkin]

ETH makes an awful currency, uncapped and unlimited creation is a big issue...otherwise most of the ICOers are dumping after the last crowdsale proved that ETH is vulnerable to node spoofing attacks.

[Fantum]

It was a bubble. It went really high really fast. Ask who was buying it up to these highs. Big investors who know how to work the markets, they are dumping now to get their profit. Also with all these icos on eth chain it is causing so much bloat, no one can send ether right now. It is showing the weakness of eth. I could correct all the way back to where it was when it started this pump.

[benthach]

Is it a correction?  

Where is the bottom?

ask yourself why you want to buy into this scam in the first place, is it fomo(feel of missing out)?
or did you think the tech is irreplaceable?

to understand what is eth i probably can do some dd for you.
what is smart contracts? smart contracts is simply a hype butterin vitalik use to lure people into this platform, he copy idea from nick, https://en.wikipedia.org/wiki/Nick_Szabo
etherium and the whole scam platform is code by this person in a few months; http://gavwood.com

is ethereium platform worth something? yes, but in by book it is worth less than $10million if we talk about the old day hard earn money, minus the crypto wild wild west scam hype. the bugs, scalable, bloat and centralized issues this thing shouldn't worth more than $5million.

[xbiv2]

$35 target

[Inmydomain]

$35 target

This table comes up so much, where is all the data sourced from?

[xbiv2]

$35 target

This table comes up so much, where is all the data sourced from?

With links:

NOW EXIST 92,000,000 COINS:
https://etherscan.io/chart/ethersupplygrowth
MINING WAS OPEN IN 2015:
https://etherscan.io/chart/hashrate
BUT IN THIS MOMENT WAS ALREADY EXIST 70,000,000 COINS = 14,000,000,000 $
SO FOUNDER HAVE 77% COINS
BITCOIN FOUNDER HAVE NOT MORE THAN 11% COINS
FOR Ethereum FOUNDER % BECOME 11% NEED 50 YEARS MORE
poloniex FULL STACK OF ETH/BTC AND ETH/USD - 32,400,000$
https://etherscan.io/chart/ethersupply
DAILY NEW COUNS - 30,000 ETH * 330$ = 9,900,000$ - IT WILL GROWUP WITH PRICE
https://blockchain.info/stats
1,650 BTC PER DAY - 5,840,127$

95% OF EARTH'S POPULATION CANNOT THINK BY YOURSELF AND DO SAME LIKE NEARHOODS

[patroncito]

Is it a correction?  

Where is the bottom?

ask yourself why you want to buy into this scam in the first place, is it fomo(feel of missing out)?
or did you think the tech is irreplaceable?

to understand what is eth i probably can do some dd for you.
what is smart contracts? smart contracts is simply a hype butterin vitalik use to lure people into this platform, he copy idea from nick, https://en.wikipedia.org/wiki/Nick_Szabo
etherium and the whole scam platform is code by this person in a few months; http://gavwood.com

is ethereium platform worth something? yes, but in by book it is worth less than $10million if we talk about the old day hard earn money, minus the crypto wild wild west scam hype. the bugs, scalable, bloat and centralized issues this thing shouldn't worth more than $5million.

In my opinion ARK is a scam instead.

[bearex]

I think it is because of some trouble with Etherium network. Because of that some people lost interest/trust in Etherium and decided they would be better off selling it and switching into another coin. It might drop more, it might rise, who knows.

[papajamba]

well, almost all alts are falling now. xrp and lisk are falling bigger than eth %-wise

[vrathamon]

ETH is long overdue for a correction/consolidation.  Going from ~$20 to ~$400 USD in 6 months is not sustainable.

[Bitcoin Guy]

ETH is long overdue for a correction/consolidation.  Going from ~$20 to ~$400 USD in 6 months is not sustainable.

But same thing had to happened to Bitcoin while back and it is still going though.

[shyliar]

A few reasons:

#1

It looks like the Ethereum Foundation sold another 18 million worth a few days ago. With the nearly forty percent sell off of their holdings from this one known wallet so far this year it's not like they needed the cash. If the EF are selling off with these prices it demonstrates that even the developers have an expectation of a reduced price.

https://etherchain.org/account/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae#txsent

#2

Some of you might want to read this. It explains the current state of ETH well.

https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

#3

Ethereum the platform is interesting and might have uses for business on private chains. In fact most news articles about Ethereum involving business and banks are on private chains not the public one called ETH. Investors are starting to understand that when they buy ETH it's not an investment in the platform.  

ETH the token unfortunately as promoted is a bit of a scam. Anybody who thinks that the "world super computer" that runs thousands of time slower than the processor on my cell phone is capable of simultaneously operating for 1000s of DAPPs, being a currency and running smart contracts for banks lacks knowledge of computers and networking. Even a couple of recent ICOs completely slowed down the network and that's without a single popular DAPP in existence. Imagine how poorly it would run if several DAPPS became popular. These popular DAPPS would need to abandon the public chain to stay in business.

ETH the coin is not capable of what's advertised and that's a problem.

[Bitcoin Guy]

A few reasons:

#1

It looks like the Ethereum Foundation sold another 18 million worth a few days ago. With the nearly forty percent sell off of their holdings from this one known wallet so far this year it's not like they needed the cash. If the EF are selling off with these prices it demonstrates that even the developers have an expectation of a reduced price.

https://etherchain.org/account/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae#txsent

#2

Some of you might want to read this. It explains the current state of ETH well.

https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

#3

Ethereum the platform is interesting and might have uses for business on private chains. In fact most news articles about Ethereum involving business and banks are on private chains not the public one called ETH. Investors are starting to understand that when they buy ETH it's not an investment in the platform.  

ETH the token unfortunately as promoted is a bit of a scam. Anybody who thinks that the "world super computer" that runs thousands of time slower than the processor on my cell phone is capable of simultaneously operating for 1000s of DAPPs, being a currency and running smart contracts for banks lacks knowledge of computers and networking. Even a couple of recent ICOs completely slowed down the network and that's without a single popular DAPP in existence. Imagine how poorly it would run if several DAPPS became popular. These popular DAPPS would need to abandon the public chain to stay in business.

ETH the coin is not capable of what's advertised and that's a problem.

This is good info.  I am hoping that the price drop is mostly caused by your reason #1 and not the other two.

[shyliar]

This is good info.  I am hoping that the price drop is mostly caused by your reason #1 and not the other two.

Hard to say. I think reason number three is the reason it should drop substantially, if investors are actually looking at reality/facts; but, that isn't always the case.

[psychosis7]

ETH is long overdue for a correction/consolidation.  Going from ~$20 to ~$400 USD in 6 months is not sustainable.

But same thing had to happened to Bitcoin while back and it is still going though.

If you look at the history of BTC in 2013 it hit 1000.00 after that we had a bear market for 1.5 years or more and BTC went down to 220.00

Expect the same for any coin that pumped like mad in this years "Crypto Spring"

all of them .. even BTC.

[Minecache]

Markets move up and down all the time. It's definitely a gud time to buy some cheap ETH.

[Bitcoin Guy]

This is good info.  I am hoping that the price drop is mostly caused by your reason #1 and not the other two.

Hard to say. I think reason number three is the reason it should drop substantially, if investors are actually looking at reality/facts; but, that isn't always the case.

Isn't Ethereum implemented the "Lighting Network" technology that can process a lot of transactions in second?

Markets move up and down all the time. It's definitely a gud time to buy some cheap ETH.

I agree, but I wish I have money now. 

[benthach]

This is good info.  I am hoping that the price drop is mostly caused by your reason #1 and not the other two.

Hard to say. I think reason number three is the reason it should drop substantially, if investors are actually looking at reality/facts; but, that isn't always the case.

Isn't Ethereum implemented the "Lighting Network" technology that can process a lot of transactions in second?

Markets move up and down all the time. It's definitely a gud time to buy some cheap ETH.

I agree, but I wish I have money now.  

Even this scam can implement "Lighting Network" the network still fuvkup, they want to put all the craps into one. This scam is done. I have said again and again this thing going to happen soon even little 5 year old girl can see it from mile away.