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September 10, 2018, 04:23:32 PM |
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Think at all those hundreds of ICOs which have raised millions of dollars worth of ETH each. Some of them, like the scammish Envion, even 100M$. Now in this bear market they see their wealth evaporate. They need FIAT since they are real world projects and they need FIAT to pay for infrastructures. So they cannot simply watch at all those millions $ EVAPORATE and jeopardizing their projects. It is true they have raised Millions $ but now those millions $ are shrinking further and further and so I guess THEY are panic selling and crashing the price. What do you think?
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fulled
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September 10, 2018, 04:41:58 PM |
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only If the ico is live when eth reach its peak at november to january, but for the recently icos, i think the developer still holding their funding, but i think the main reason is eth pool is always full and delay too often, so people start to think eth is not a good coin to icos, and people start to sold their eth
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auroboros
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September 10, 2018, 04:46:57 PM |
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at this time everyone who has Ethereum will panic to see prices continue to decline, of course I do not blame them, it is an instinct in trading, to reduce losses, we must take precautionary measures immediately to sell even if in a state of loss. if we don't do it right away, a bigger loss will happen soon, but of course it will soon end, with many new investors, we will hope everything will get better soon and all traders will get better profits soon
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renes
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September 10, 2018, 04:47:20 PM |
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I think eth reflects the hype of ICOs and tokens created this year and in 2017, so with crashing tokens it also decrease by now but as it is not shit coin, it is actually an opportunity to buy more.
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Zeneize
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September 10, 2018, 09:49:10 PM |
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What you are saying makes a perfect sense. We are speaking of hundreds of millions of dollars, possibly over a billion in the whole, raised by companies who actually plan to use that money in the FIAT world, where they won't accept Ethereum, thus the urge to sell until what they have is still something worth.
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Jaycee99
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September 10, 2018, 10:06:47 PM |
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For me I would think that is posiible, why? It is because of the market thet as you said but they know how to handle it well BECAUSE THEY are professionals in the ICOs that can handle the situation like the finance or marketing team.
Still they ca not do anything if bitcoin or there cryptocurrency goes to the groud, that is how the market works where everything is falling and rising but it is a shit coin because people have lost there interest on the altcoin or ICO itself. We all know why some people lost interest right? So I would this situation is normal and a correction it is normal.
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DevelopmentBank
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September 10, 2018, 10:09:47 PM |
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Think at all those hundreds of ICOs which have raised millions of dollars worth of ETH each. Some of them, like the scammish Envion, even 100M$. Now in this bear market they see their wealth evaporate. They need FIAT since they are real world projects and they need FIAT to pay for infrastructures. So they cannot simply watch at all those millions $ EVAPORATE and jeopardizing their projects. It is true they have raised Millions $ but now those millions $ are shrinking further and further and so I guess THEY are panic selling and crashing the price. What do you think?
It probably is because of those shady ICOs. Scam or not, most of those ICOs have daily expenses that need to be paid. Where else would they get their money but from ICO proceeds? I'm guessing they are forced to sell to make sure they have some liquidity that is ready to spend. Poor Ethereum though, surely ETH value will rebound soon.
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Satosho Kakamolto
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September 10, 2018, 10:23:52 PM |
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Think at all those hundreds of ICOs which have raised millions of dollars worth of ETH each. Some of them, like the scammish Envion, even 100M$. Now in this bear market they see their wealth evaporate. They need FIAT since they are real world projects and they need FIAT to pay for infrastructures. So they cannot simply watch at all those millions $ EVAPORATE and jeopardizing their projects. It is true they have raised Millions $ but now those millions $ are shrinking further and further and so I guess THEY are panic selling and crashing the price. What do you think?
It probably is because of those shady ICOs. Scam or not, most of those ICOs have daily expenses that need to be paid. Where else would they get their money but from ICO proceeds? I'm guessing they are forced to sell to make sure they have some liquidity that is ready to spend. Poor Ethereum though, surely ETH value will rebound soon. Yes, they could afford keeping most of their funds in ETH until the moment when it started to crumble, and then they probably had to panic sell since they cannot affort to hodl with falling prices without endangering their projects. Of course, by selling they are feeding the collapse.
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JeffBrad12
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September 10, 2018, 10:31:06 PM |
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Think at all those hundreds of ICOs which have raised millions of dollars worth of ETH each. Some of them, like the scammish Envion, even 100M$. Now in this bear market they see their wealth evaporate. They need FIAT since they are real world projects and they need FIAT to pay for infrastructures. So they cannot simply watch at all those millions $ EVAPORATE and jeopardizing their projects. It is true they have raised Millions $ but now those millions $ are shrinking further and further and so I guess THEY are panic selling and crashing the price. What do you think?
No' it's not the real reason why ethereum has plunged a lot. remember when EOS was dumping all of their ethereum to the market and it's worth more than the total ethereum that has been raised by all of icos it's more than 1.6 millions ethereum. So many people are panic selling to hold bitcoin and then they are exchanging it to the bitcoin.
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Slimztee
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September 10, 2018, 10:35:05 PM |
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Like I'll always, ICOs are the reason for the rise and decline of the prices of ETH. They have bills to pay in the world outside the confines of crypto, these payments need to be done in fiat. This forces them to sell their ETH in exchange for fiat.
Not to be ruled out are the exit scams as well. The ETH they collect from ICO will need to be exchanged for fiat, so they dump the ETH at the exchanges in large numbers, forcing the price to crash.
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binghope
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September 10, 2018, 10:40:03 PM |
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ICO is no longer attractive to many investors because of the high ICO prices, but when traded, they are extremely low price, not suitable for us to buy.
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tomahawk9
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September 10, 2018, 10:46:56 PM |
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There's a high probability that current bear market, which has been affecting altcoins prices for the past few months, is probably the main reason behind the massive ETH sell-off from both legit ICOs and scam ICOs.
I don't think panic selling has anything to do with the recent drops, ICOs have been selling their funds for either fiat currency or btc just to keep their funds safe during the bear season. It's actually pretty normal behaviour in times like these, it's not actually panic selling but a well-thought-out course of action since ICOs need to evaluate whether it's risky or not to sell the funds they've raised.
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boolog
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September 11, 2018, 01:02:47 AM |
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the fall of ethereum prices is certainly due to the fact that the whole market has collapsed. all other coins have also fallen in price, even bitcoin. thats why i do not think its the fault of the ico projects.
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entrepmind23
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September 11, 2018, 01:09:01 AM |
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There's a high probability that current bear market, which has been affecting altcoins prices for the past few months, is probably the main reason behind the massive ETH sell-off from both legit ICOs and scam ICOs.
There are times when the sell off is just a strategy of those big holders of the coins because they just want to protect their funds to further losses that's why they decide to sell their coins. Whether one is a legit or scam ICO, people still need fiat to finance their day to day operations because not every merchant accepts cryptocurrency that's why we can see a bearish market for ethereum. I don't think panic selling has anything to do with the recent drops, ICOs have been selling their funds for either fiat currency or btc just to keep their funds safe during the bear season. It's actually pretty normal behaviour in times like these, it's not actually panic selling but a well-thought-out course of action since ICOs need to evaluate whether it's risky or not to sell the funds they've raised.
It may also be one of the strategy of the traders who is shorting the market because they know that once the candle starts to go red and becomes bigger, there is a higher possibility of panic selling that's why a further downfall is most likely and it is more profitable for them. As for those ICOs, they are learning from this bear season that they should look for other ways to leverage so that they can still be profitable whatever market it is.
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iamreal
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September 11, 2018, 01:12:52 AM |
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That's exactly my thought and what I have been saying for quite a long time now, ICO's are no longer booming anymore, you hardly hear of any project holding their crowd sales these days, so the demand for eth in the market is declined, those eth been raised by those ICO's project, are not been bought back and it has cause the eth price to be dumping,
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konflikkastil
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Sovryn - Brings DeFi to Bitcoin
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September 11, 2018, 01:13:36 AM |
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in my opinion the highest ethereum decline was due to the ico scam that brought ethereum to everyone and they exchanged ethereum without seeing a very cheap price and they also managed to attract everyone's panic to sell the ethereum they had
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chocopapaya
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September 11, 2018, 01:13:44 AM |
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That is what most analysts are saying and the data backs it up. This is where the magic of blockchain really shines. We can actually track where all the ether is going and who is selling off in mass quantities.
Me, personally, I am happy eth crashed. Yeah, it sucks that it has terribly low value now, but I really wanted the ICO bubble to crash and burn. IT was hurting the entire crypto market. There were so many crap ICOs asking for so much money and with so much speculation going on, it has caused our bearish market to get even worse. Now that I hope the dust will settle, things will stabalize as all the terrible companies go out of business.
The crazy thing about all of this though, is that there are still ICOs asking for 20 to 30 million in this market. That is just sheer stupidity.
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nareal109
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September 11, 2018, 01:15:43 AM |
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Our trust in crytocurrency has been destroyed by so many scam ICOs ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I have a reason to sold my ETH when the ETH dropped 200$.
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fuer44
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September 11, 2018, 01:22:53 AM |
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that is part of the cause of falling prices. Large panic sell has made the volume decrease by several%.
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rizkyx56
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September 11, 2018, 01:31:21 AM |
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cryptocurrency had been down since 8 months ago. many people affraid of it then, they sell their coin in order to reduce their lose
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