[ANN] Ethereum: Welcome to the Beginning

[Bigmacduck]

I had not experienced such horror for a very long time. How could you destroy such a promising project, who will now invest in it? Eth mocked his holders.

The horror show is only at half-time -more horror to come

I think so too. It will drop below $100 in a month or two or thereabout.

How do you estimate the $100 figure ?  

Looking at the technical chart of Ethereum, I see it just recently broke the medium technical support level of $225-$200. That was a VERY bearish technical move, showing ETH will possibly test the next support level.
The rate of the price drop and the fact that there is VERY LITTLE TECHNICAL SUPPORT, tells me ETH will drop below $100 in a month or two, maybe even sooner as holders get more and more willing to sell at ever lower prices.

Some holders are in denial and will provide fuel for the next leg down once they realise the price drop wont stop before they are practically wiped out.

Charts cannot predict the future, that is pseudo science. It is like tea leaf reading. Charts are a religion and because so many people belief it in them, it works a little more than 50%.

[broadhurst]

I had not experienced such horror for a very long time. How could you destroy such a promising project, who will now invest in it? Eth mocked his holders.

The horror show is only at half-time -more horror to come

I think so too. It will drop below $100 in a month or two or thereabout.

How do you estimate the $100 figure ?  

Looking at the technical chart of Ethereum, I see it just recently broke the medium technical support level of $225-$200. That was a VERY bearish technical move, showing ETH will possibly test the next support level.
The rate of the price drop and the fact that there is VERY LITTLE TECHNICAL SUPPORT, tells me ETH will drop below $100 in a month or two, maybe even sooner as holders get more and more willing to sell at ever lower prices.

Some holders are in denial and will provide fuel for the next leg down once they realise the price drop wont stop before they are practically wiped out.

Charts cannot predict the future, that is pseudo science. It is like tea leaf reading. Charts are a religion and because so many people belief it in them, it works a little more than 50%.

This is the future of Ethereum - A new launch to the Moon is in progress
https://www.youtube.com/watch?v=oKtBCj0WK28

[Notin2]

Last year it was like;

'Cause I'm way up and I ain't comin' down
Keep taking me higher
Ah yeah ah yeah ah yeah, yeah ah yeah ah yeah
'Cause I'm burning up and I ain't coolin' down
Yeah I got the the fire
Ah yeah ah yeah ah yeah, yeah ah yeah ah yeah


Everyone was cheering and applauding. Now look at it. ETH will become worthless in the next 1-2 years.

i highly doubt this theory of yours even though your poem or rhythm sound ridiculous , why, some people also claim that very soon btc will be worthless because of reasons best known to them but btc is still very strong and healthy so i believe same will apply to eth in the next 1-2 years you will change your rhythm am sure

[moviepasstoken]

Why ETH keep on dropping?

[Majormax]

Looking at the technical chart of Ethereum, I see it just recently broke the medium technical support level of $225-$200. That was a VERY bearish technical move, showing ETH will possibly test the next support level.
The rate of the price drop and the fact that there is VERY LITTLE TECHNICAL SUPPORT, tells me ETH will drop below $100 in a month or two, maybe even sooner as holders get more and more willing to sell at ever lower prices.

Some holders are in denial and will provide fuel for the next leg down once they realise the price drop wont stop before they are practically wiped out.

Thanks. That makes good sense.

From a purely chartist standpoint, at this level of $ price, there is really no support showing until $10, just an air pocket.

I think the relative BTC price is more worrying in a way. It is in a similar position, breaking support.  

Charts don't really provide too much comfort, and I would say the level of denial/hope is more relevant. In some ways, that is painting an even worse picture.

 I am reluctant to be a trader,  but although ETH looks like a strong sell right here, there is a significant risk that the bottom is close. Any bounce could be strong.

[nick1492]

It's like ethereum is on a free fall right now. I guess, new applications are needed. Not only for transfer of money, but more applications and products to be supported under ethereum.

[icosscam]

can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.

[starmman]

can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.

General rise in BTC dominance - all alts are dropping - ETH has further to fall than most others, question is, when will the dominance trend reverse

[frozenking]

yeap, bitcoin dominance now are 57.9%  the biggest dominance level of btc this year  last time it was so big on decemeber, but there btc was 15-20K usd and market cap also was huge, and now its also like a year ago, i dont know when this falling ends and where is the bottom

[wargamez]

can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.

General rise in BTC dominance - all alts are dropping - ETH has further to fall than most others, question is, when will the dominance trend reverse

Even though price is dropping right now, some traders and analysts in twitter are already predicting a rebound. So if you are a trader, get ready. If not, just hold until this crypto market improves again.

[starmman]

can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.

General rise in BTC dominance - all alts are dropping - ETH has further to fall than most others, question is, when will the dominance trend reverse

Even though price is dropping right now, some traders and analysts in twitter are already predicting a rebound. So if you are a trader, get ready. If not, just hold until this crypto market improves again.

I've been accumulating all the way down - bit of a risky strategy - I'd be pretty happy with an upturn

[Odeoke]

yeap, bitcoin dominance now are 57.9%  the biggest dominance level of btc this year  last time it was so big on decemeber, but there btc was 15-20K usd and market cap also was huge, and now its also like a year ago, i dont know when this falling ends and where is the bottom

Big support level is around 0.024 BTC but some traders are predicting it could fall below $100. I don't think we will see this under$150 I hope soon this trend will be over and we will see good recovery in coming days it has good chance for it.

[BattleField]

can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.

I think it is the ICO cashing out and the short selling of ETH as well.

[jovan85]

This is a very bad situation. Price of  Ethereum now $171.64.Any one know when price stop to drop?In few days can be 50$ or I am in wrong way.

[icosscam]

last BUY order that i have pending is 140$

Just checked notes, it is clearly written. Short ETH if pass 140$

Hit 140 means we can easy go to 100

The worst case scenario for ETH USD for a very long trade

https://www.facebook.com/bitcointradingonline/

[cxihub]

Alarming August for Ethereum- Is it over or worst is yet to come?

https://blog.cxihub.com/alarming-august-for-ethereum-is-it-over-or-worst-is-yet-to-come/

[alevlaslo]

[big_daddy]

the whole ethereum blockchain can "live" without ETH
just think it for a minute 

sell & run

It's not true at all lol. Miners needs a reward to mine to new blocks and you always need gas to interact with smart contracts or send your ether. I didn't even think for a minute, I just needed a couple seconds

Transactions need something that we refer to as Gas, and when Gas on the Ethereum network is bought with something other than Ether, it is called the economic abstraction, because that is what it still is - abstraction.
Ether is NOT Needed on the Ethereum Network
Here is the theory: for example, the most common, ERC-20 tokens, are using products of the Ethereum blockchain, and are a part of the same ecosystem. If the user is able to agree with the miner to pay for the transaction with any of countless ERC-20 tokens, they would be able to exclude Ether from the equation, which could have a seriously negative impact on the price of ETH
Think out of the box for a minute and this could be a real scenario

[Darooghe]

Any light desktop wallet for this coin?

[broadhurst]

Why ETH keep on dropping?

Why is the pope catholic?