ETH will go back to $1 this year here is why..

[Uhde]

hahaha it is nearly impossible. there are so many good projects that have been using ethereum blockchain. if ethereum falls to 1 usd that means that something wrong with ethereum blockchain technology and many projects will be affected from such case...

[xiaoyum]

This is one of those redpill posts. Guys if you keep thinking about how cryptocurrencies are scammy etc. don't ever bother to invest. Ethereum won't die off that easily, its not just another website with pumped shares. It has one of the best techs in the market.

[BitcoinHodler]

OP seems to be forgetting one key information and that is the fact that ethereum is centralized and the foundation has millions of dollars to pump into their coin and keep it alive. on top of that there are a lot of hard core bag holders around which make the drop even harder. $1 is simply impossible because ETH will either die in a short time which means going to zero or it will continue on this downward slope and in long term continue to lose value despite the foundation pumps.

[NaXxow]

really mate? I would like to know when it will be, seems ages I was waiting to drop  up to now. If your assumptions are correct, it will be overall crypto lose, not only Ethereum by the way.

[xenomorphe1]

OP seems to be forgetting one key information and that is the fact that ethereum is centralized and the foundation has millions of dollars to pump into their coin and keep it alive. on top of that there are a lot of hard core bag holders around which make the drop even harder. $1 is simply impossible because ETH will either die in a short time which means going to zero or it will continue on this downward slope and in long term continue to lose value despite the foundation pumps.

So, ETH is just a pump and dump coin? It was pumped by the Ethereum foundation?

[Cacingkemi]

OP seems to be forgetting one key information and that is the fact that ethereum is centralized and the foundation has millions of dollars to pump into their coin and keep it alive. on top of that there are a lot of hard core bag holders around which make the drop even harder. $1 is simply impossible because ETH will either die in a short time which means going to zero or it will continue on this downward slope and in long term continue to lose value despite the foundation pumps.

So, ETH is just a pump and dump coin? It was pumped by the Ethereum foundation?

ETH is not a pump and dump of coin,you have to read in its entirety what is the meaning of the bitcoinhodler.He says eth is centralized network is not possible eth will drop to 1$ and true their foundation will not accept it if the coin will not be worth later in the day.So if it reaches alert point the team and all the community will pump,I think ETH will not get far plunged to worthless.

[BTCLovingDude]

really mate? I would like to know when it will be, seems ages I was waiting to drop  up to now. If your assumptions are correct, it will be overall crypto lose, not only Ethereum by the way.

i don't agree with OP on the price ($1) but he has a lot of good points here. ethereum is in fact a very risky investment with a dangerous price. the rise of it has always been based purely on hype and a rise based on hype is a dangerous one.

and to be fair to OP, ETH price has already dropped more than 70%

[BitcoinHodler]

OP seems to be forgetting one key information and that is the fact that ethereum is centralized and the foundation has millions of dollars to pump into their coin and keep it alive. on top of that there are a lot of hard core bag holders around which make the drop even harder. $1 is simply impossible because ETH will either die in a short time which means going to zero or it will continue on this downward slope and in long term continue to lose value despite the foundation pumps.

So, ETH is just a pump and dump coin? It was pumped by the Ethereum foundation?

well not entirely but for the most part yes it is a pump and dump coin.

you see value comes from utility, and people who understand cryptocurrencies invest in coins that have some real potential. this was true about ethereum at some point in the past. but all the mess that has happened during the time has made everyone to just leave it and look at it as a pump coin.
the mess that i am talking about is all the exploits, the bloated blockchain, serious scaling issues, and worst of all the roll back they did which eliminated immutability of ethereum.

[Elseye]

That's not a legit comparison, my friend. Everybody says that it's nothing behind crypto-currencies, but actually there is a great technology.

[patrickj]

Maybe there is possibly it will happen on the grounds that we know how to predict the right time the coin will diminish enormous or pass on. The significance starting now for the cost is high and I trust it will keep on increasing all the way so we can get more gains. I think it is better to purchase ethereum as opposed to think the cost will progress toward becoming $1. Since the greater part of us need ethereum turn out to be high to get more benefit.

[bohr]

https://en.wikipedia.org/wiki/Dot-com_bubble#Companies_significant_to_the_bubble

Lycos - Purchased by Terra Networks for $12.5 billion in 2000.[44] It was sold in 2004 to Seoul, South Korea-based Daum Communications Corporation for $95.4 million.[45]

GeoCities - Purchased by Yahoo! for $3.57 billion in January 1999[39] and was shut down in 2009.[40]

Tiscali - Italian telecommunications company whose share price rose from €46 upon its IPO in November 1999 to €1,197 in four months. The share price then fell to €40 in less than two months and eventually fell to €0.20.

Think Tools AG - One of the most extreme symptoms of the bubble in Europe, this company reached a market valuation of CHF 2.5 billion in March 2000 despite no prospects of having a product.

The Learning Company - Bought by Mattel in 1999 for $3.5 billion; sold for $27.3 million in 2000.[43]

Global Crossing - a telecommunications company founded in 1997; it reached a market capitalization of $47 billion in February 2000 before filing for bankruptcy in January 2002.

inktomi - Reached a valuation of $25 billion in March 2000; sold to Yahoo! in 2003 for $241 million.

Broadcast.com - A streaming media website that was acquired by Yahoo! for $5.9 billion in stock, making Mark Cuban and Todd Wagner multi-billionaires. The site is now defunct.

.....

the problem? some coins are just way overvalued now. they have small teams, no earnings, often no real use or product, yet they are worth billions in market cap. many of the big players in crypto will go bankrupt if people keep pushing them......

the only way we can save crypto is if we evaluate companies realistically. if we buy into new, cheap, promising projects. not into the bubble coins that are extremely high.

Interesting comparison ! Maybe Ethereum will go to 1 trillion first and then it will go down. But I don't think it will go to 1$ that's just too low.

I agree with the overvaluation of projects with a small team and no product, this also reminds me to the same situation we were in just before the dot.com bubble burst. I think this bear market will wipe many of the worthless project out though, people start already to look more at the fundamentals.

Many projects that were in development are never going to reach maturity, this bear market is going to kill a lot of coins, not only it will kill complete scams but some good coins too, it's a shame but it is the price we need to pay for this huge bubble, there more than 1000 coins out there and many are completely worthless, at most, I think there are 100 coins that are worth our investment.

[wanted sliter]

I disagree with your view that current ETH is the crypto that has the most traffic on the market, and they have a strong dev team, backed by Russia. The community of ETH is great.

[bitcoin.beda]

I complete disagree with this statement, as ETH is the blockchain with smart contracts which is also the blockchain 2.0
and many ICOs are using the ERC-20 of ETH.

It is still the leading ICO Blockchain.

So i dont think ETH will reach that with all its innovation in blockchain

[stiucsib86]

OP seems to suggest that a coin can only worth a lot if the dev team is large and the company/foundation have earning.

[dewynijhof]

https://en.wikipedia.org/wiki/Dot-com_bubble#Companies_significant_to_the_bubble

Lycos - Purchased by Terra Networks for $12.5 billion in 2000.[44] It was sold in 2004 to Seoul, South Korea-based Daum Communications Corporation for $95.4 million.[45]

GeoCities - Purchased by Yahoo! for $3.57 billion in January 1999[39] and was shut down in 2009.[40]

Tiscali - Italian telecommunications company whose share price rose from €46 upon its IPO in November 1999 to €1,197 in four months. The share price then fell to €40 in less than two months and eventually fell to €0.20.

Think Tools AG - One of the most extreme symptoms of the bubble in Europe, this company reached a market valuation of CHF 2.5 billion in March 2000 despite no prospects of having a product.

The Learning Company - Bought by Mattel in 1999 for $3.5 billion; sold for $27.3 million in 2000.[43]

Global Crossing - a telecommunications company founded in 1997; it reached a market capitalization of $47 billion in February 2000 before filing for bankruptcy in January 2002.

inktomi - Reached a valuation of $25 billion in March 2000; sold to Yahoo! in 2003 for $241 million.

Broadcast.com - A streaming media website that was acquired by Yahoo! for $5.9 billion in stock, making Mark Cuban and Todd Wagner multi-billionaires. The site is now defunct.

.....

the problem? some coins are just way overvalued now. they have small teams, no earnings, often no real use or product, yet they are worth billions in market cap. many of the big players in crypto will go bankrupt if people keep pushing them......

the only way we can save crypto is if we evaluate companies realistically. if we buy into new, cheap, promising projects. not into the bubble coins that are extremely high.

I agree that the evidences you have given is correct, but you should know we still not be able to use all the potential of ETH in real life, today, we still use  ETH for smart contracts and still don't have much applications in real life, So it still have the chance to become more valueable in the future, ETH rightnow is not a bubble, we need more time to witness the developement of ETH in the future.

[mindrust]

While I agree its an overpriced asset, still ETH going down will benefit nobody. Especially not bitcoin. Too big to fail now.

Many people use GPU rigs to mine BTC thanks to high ETH/BTC ratios (and nicehash) and both ETH&BTC lovers wouldn't want it to fail. (That includes me too)

If some other GPU mineable coin replaces ETH, i am OK with that scenario.

[patz22]

With the comparison that you have I almost think that eth will come out with same situation and you think ETH is overrated? In my own insight, it is a very useful crypto that almost all of us benefit from it. They're still developing it and see with the current situation  I'm impressed that it didn't go back to previous value of $300+.

[boboking]

Wow some people are just really crazy in predicting things. I know you have posted your reasons why you think it will go back to $1 but that reasons are not enough for people to abandon Ethereum.

Developers are using ethereum, some people considers ethereum the best rival against Bitcoin and some of them believe that it may take over Bitcoin in the future.

There is a better chance for Bitcoin cash to go $0 than Ethereum going back to a dollar.

[JaRViZZ]

Maybe we will not predict and panic more, but we can compare diagrams, give data and facts, but here it does not work and does not obey simple rules. Literally in a week, everything can change and become either completely bad or admirable.

[masterrex]

 Hello there,

I dont think so Ethereum is a will establish cryptocurrency open source clear roadmap its not a bubble the price increase is due to demand and many factors will drive Ethereum price to soar in fact many start ups is using ethereum as a basis for there platform by using smart contract its a way to determined how effective the The ethereum network is  lets help all cryptocurrency platforms to grow and not be selective in the end of the day we are all cryptocurrency users and we have benefited from it.