Ethereum price speculation / reasons for current crash?

[bavicrypto]

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

[Ghebung Masam]

it makes sense that ethereum fell because they threw away eth to cover the lack of fiat money. but what is their target and where do they want to move it?

if this continues, ethereum continues to deteriorate and potentially will be left by everyone.

[maldini]

I think all currencies are now experiencing a crisis not only in crypto currencies, some currencies in some countries are weakening against the US dollar.
if ethereum continues to fall, the thing that causes me to think is that people sell their tokens and turn them into USDT or to safer coins like bitcoin. Whereas most ICOs use the ethereum platform and now ICO token tokens experience a price crisis that freaks investors

[Awesomus Maximus]

The big inflation effect? Yes, the ETH team is considering ways to limit inflation. As it is now the Ether supply is infinite. As a result the inflation is pretty high. This has an effect on the price. Ico's dumping effect? I have not seen this. There are many new ICOs that still use the ETH network. I think the bottom price of Ether will be 0 if the team doesn't do anything. The overall market sentiment + the internal deficiency of the ETH blockchain = the recent crash.  They are currently working on various solutions to improve the entire ecosystem. Luckily I own no Ethers so I don't have to wear my seatbelts. 

[smoolae]

I think there are multiple reasons for this crash, with the biggest factors being:

1) People who bought high are starting to lose all hope that ETH will get back to ATH range and are just cashing out whatever is left.
2) ICOs are taking out their profits and selling ETH for fiat money.

Both scenarios can really make the situation really bad really fast. People/ICOs selling urge more people to sell, what follows is this chain reaction like thing.

[bobo012]

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I think it is people realising that ico tokens are mainly worthless in the like 99% of the cases. We also have hundreds of projects with high posessions of ether. They are dumping hard, trying to salvage what they can, and it has us in a spiral right now.

[friends1980]

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I think most of us have their seatbelts on since January. 

Further on, there's certainly some kind of tiredness in the crypto market, coming from people who believed these coins would double their value on a daily basis. I don't think ETH is an exception compared to any other coins, on the contrary, I still consider its technology as its strength.

[Ardazello]

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

Agree with you that ICOs selling eth had drop the price.

Also, I think that mining pools are selling a lot of eths because they don't like the changes in Ethereum: decrease of miners' revenue and upcoming Casper protocol.

[bitkanu]

Lately we’ve seen a massive crash in Ethereum and most of it’s erc-20 tokens.
The peak price of ethereum was somewhere around the $1500 range, and has fallen below $200 today.
In my opinion This could be an effect of
-the big inflation
-ico’s dumping ethereum, due to lack of funds in fiat

What do you guys think about the bottom price for ethereum and what do you think is the main cause for the recent crash?

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I have been wearing my sealt bet and wait for another botton to enter the market. Due to the bitcoin ETF and so many people have liquidated their ethereum to the bitcoin and ICOs has been giving a lot of contributions to push the price of ethereum to the bottom. Casper gets delat too and it could be the one of that reasons.

[Kolikalex55]

I think it's just speculation or it is connected with the adjustment of the exchange rate for bitcoin !

[OpenCryptoSystem]

I checked people have most eth coins.
They got them years ago they now exchange them
And they give eth others for cash.
Price of ethereum cant be the highest yet because the biggest owners of etheteum still holding the ethereum.
They would never hold the worthless coins.
Same thing with the bitcoins.
So for some reason the crypto market controllers and leaders holding now btc and eth.
So this is means crypto price can go high one more time

[OpenCryptoSystem]

What i discovered is this:
Biggest ripple holders sold ripple and they own now ethereum mostlty.
Ripple cant go high anymore because leaders and market controllers dont hold ripple anymore!
So ripple holders have left with empty bag.

[demenBTC]

but there is also good news that I found in this article https://www.ccn.com/south-africas-central-bank-wins-award-for-its-ethereum-payments-blockchain/ that African central banks have used the test try payment by using the etherum blokchain, this incident might increase eth prices to recover

[Gaaara]

Its reasonable for a coin to be dumped by having a lack of fiat but I don't see it for being a reason to fall for over $200 in just few days, what I observed over a few days before the crash there has been a massive pump because it all got hyped then burst back down within a week, I assume its only bubble similar with other coins and similar with bitcoin.

[bavicrypto]

Ps: make sure you’re wearing your seatbelts guys because it’s about to get bumpy out there

I think most of us have their seatbelts on since January. 

Further on, there's certainly some kind of tiredness in the crypto market, coming from people who believed these coins would double their value on a daily basis. I don't think ETH is an exception compared to any other coins, on the contrary, I still consider its technology as its strength.

That's right, however It seems weird to me that a coin with the second biggest market cap is falling harder than most of the other coins. I expected ether to keep up relatively well compared to other platforms, but that doesn't seem to be the case nowadays. This is most likely because of ico money being dumped I'd say.

[miyaka26]

Most of the ICO I dealt so far are dumping beyond their price expectations way too far than the ICO price, I can't imagine how hard for the people who still hold for that beating price that continues to fall, it's not the inflation alone causes the dump, it's the ICO tokens who beats the ETH market probably some of them are from scams and some of them are from people who loses hope from their investments projects.

[masternode]

I also think the main reason are the ICOs dumping Ethereum, to keep their business going. Not only recent ICOs, but also projects that have been running for a while. Many have stated that during the this bear market we will see a lot of alts disappear. This is the beginning of it, projects run out of cash and have no other way than to dump their leftover Ethereum for these low prices.

[tokeweed]

Think of Ethereum as something like a video arcade, and ETH as the arcade's tokens.  When people are getting kinda sick of playing video games, less and less people buy the tokens.

You see, Ethereum's novelty has gone.  It's not something new anymore and the promises made on what the platform was gonna do fell short.  Way short...  It could be on its way below 100 USD imo.

[dearbesz1219]

Ethereum price is falling thanks to ICOs. They are selling their Ethereum coins to get some money to develop their products (hope that this will happen). And everytime when they sell Ethereum coins market is dumped.

[Okkured]

I think there are multiple reasons for this crash, with the biggest factors being:

1) People who bought high are starting to lose all hope that ETH will get back to ATH range and are just cashing out whatever is left.
2) ICOs are taking out their profits and selling ETH for fiat money.

Both scenarios can really make the situation really bad really fast. People/ICOs selling urge more people to sell, what follows is this chain reaction like thing.

a reasonable reason, and it was very sad to know that ETH died because of it "Children". whereas in the past I thought ETH would be very close to the price of BTC