Ethereum drastic decline

[batang_bitcoin]

You should move this thread to Altcoin Discussion.

All this time I know Ethereum is a coin that has many advantages and many people are looking for it to exchange tokens, but I don't know that Eth has some problems and that makes Ethereum worthless.

It also has a lot of disadvantages where scammers can use it to create their coin and start their own ICO. Collect millions of dollars and later will just dump the coin they created through ETH.

This is definitely right. Eth management should work on restriction on some people who can only used the smart contract. What I mean is they should have requirements for those who want to use their product since some abuse it by scmimg people. There's a lot of ICO that has been using the eth platform and 30% of it only are legit projects. Mostly are scammers who are indeed good in acting since they prepare very well all the necessary info to make their project sounds legit. Especially the selfdrop projects which is arising now. Lots of pump and dump shitcoin are being traded without any good product launch or working one. I hate this kind of introduction pf a project cause its purely trading profits only. The purpose of crypto is being neglected by this stuff.

They have planned it all and this is the thing that Vitalik should focused with rather than giving some discouragement on where cryptocurrencies are going. Giving requirement to the parties that are interested to use their smart contract should be implemented. I agree on that part which is being abused by these scammers. Its just a cycle that these scammers has a plan of execution by creating and abandoning the tokens and projects that they are creating.

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[Dodoymabs]

You should move this thread to Altcoin Discussion.

All this time I know Ethereum is a coin that has many advantages and many people are looking for it to exchange tokens, but I don't know that Eth has some problems and that makes Ethereum worthless.

It also has a lot of disadvantages where scammers can use it to create their coin and start their own ICO. Collect millions of dollars and later will just dump the coin they created through ETH.

This is definitely right. Eth management should work on restriction on some people who can only used the smart contract. What I mean is they should have requirements for those who want to use their product since some abuse it by scmimg people. There's a lot of ICO that has been using the eth platform and 30% of it only are legit projects. Mostly are scammers who are indeed good in acting since they prepare very well all the necessary info to make their project sounds legit. Especially the selfdrop projects which is arising now. Lots of pump and dump shitcoin are being traded without any good product launch or working one. I hate this kind of introduction pf a project cause its purely trading profits only. The purpose of crypto is being neglected by this stuff.

Since ETH has been created, it opens a lot of opportunities wherein they can freely create smart contract as long as they know the steps. There is no regulation that limit the developers so it can't be avoided that some may take the advantage of this features. So, this is why we have to be vigilant and take some time when investing in an ICO because we already know the situation.

[esetop01tryba]

Nouriel Roubini said that the decline of Ethereum was triggered by a few active decentralization applications (DApps)

and the result is 80% ETH drop and fall, DApps is crypto kitties, scammy, ponzi pyramid, and casino games. so the cryptocurrency has lost its value.

He's completely wrong ! In addition to the Casino, Pyramids and so on, let not forget that the ETH platform are also great and powerful projects that have partners such as Google, Microsoft, Samsung, Apple, Electronic Arts,Ubisoft . I think that this person does not know what he says !

[SHawk]

Though I agree with you suggestion to some extent but I also believe it is affected by the rate at which investors now dump the coin due to the bear and there is no good demand for ethereum and this condition is a bit discouraging as ethereum is one of the very potential coins in crypto.

[caex]

A much more urgent problem for the Ethereum system than the drop in the ether value to zero seems to be the question of scalability - the network capacity expressed in the number of transactions processed per second. Currently it is about 8-15 t / s. Ethereum as a public blockchain requires that each transaction be confirmed by all nodes. Increasing the block size to accommodate more transactions without going into technical details is associated with increased centralization. In turn, larger nodes will require more advanced equipment, which means they will be able to be driven by more wealthy entities, thus eliminating smaller players. The introduction of each additional ERC-20 token is increasingly straining the already overloaded network.

In the entry on the reddit Vitalik pointed out that the price of ETH can go down to zero but it does not have to

[1000 years]

It is very sad that the application should not affect the crypto world. In the past year, Bitcoin and Ethereum tended to go up and down in the same way, while other coins like Ripple, EOS, and other tokens experienced similar movements. However, since the beginning of August 2018 every cryptocurrency other than Bitcoin has experienced an intensive movement on the downside, because the downward trend is too strong in the market.

[traveller51]

Is this the reason Tron moved away from ETH, to directly compete for dapps?

[hubballi]

Their are lot of reasons for Ethereum decline, most of the ICO created on ETH platform are now scams, ETH blockchain got problem with not capable of handling huge transactions, Their are more Projects which are same like ETH  and  are fully capable of competing with ETH and they are more secure as this projects are capable to stop scammers to create ICO to scam.

[BitcoinNewbie15]

A much more urgent problem for the Ethereum system than the drop in the ether value to zero seems to be the question of scalability - the network capacity expressed in the number of transactions processed per second. Currently it is about 8-15 t / s. Ethereum as a public blockchain requires that each transaction be confirmed by all nodes. Increasing the block size to accommodate more transactions without going into technical details is associated with increased centralization. In turn, larger nodes will require more advanced equipment, which means they will be able to be driven by more wealthy entities, thus eliminating smaller players. The introduction of each additional ERC-20 token is increasingly straining the already overloaded network.

In the entry on the reddit Vitalik pointed out that the price of ETH can go down to zero but it does not have to

I'm starting to doubt on chain scaling solutions for ETH will ever come to fruition. Sharding has been talked about for a very long time now and still, we have nothing on it. There are a lot of problems with sharding that I can't seem to figure out a solution for, like the potential for a 51% attack on multiple shards. Plasma sounds great, but still, nothing on that one either. Now the dev community in ETH is getting split up over the potential upcoming hard fork (At least that's what I have heard). Also, wheres casper?

ETH is dumping hard and has been a terrible investment... I don't know if these problems with scaling can ever be addressed.

[Daydream 61]

Ethereum is also responsible for all the shit ICOs.

shit people buy shit ico. nobody has to buy shit ico token. then there is also no scam. but everyone wanted the quick money. and because everyone wanted the quick money the people invested in icco and are now ...many people are at the end

[Vit83]

IMHO this is pack of ICO that trying to save at least a part of the money they got on ICO) IMHO there is very few of them now that have eth) So dump will be finished by closing short positions and panic buy of eth)

[ninis45]

some argue that making the ETH fall is a very bad and slow transaction connection if the transaction volume is high so that many transactions in pending even fail so many traders turn to other altcoins

[Al-e_x]

Nouriel Roubini said that the decline of Ethereum was triggered by a few active decentralization applications (DApps)

and the result is 80% ETH drop and fall, DApps is crypto kitties, scammy, ponzi pyramid, and casino games. so the cryptocurrency has lost its value.

Can't say I'm surprised. Ethereum has had several issues over the years including scalability.

I remember when people used to think that ETH could seriously rival BTC but we're way beyond any flippening happening.

almost no altcoin can survive when correction market, if the ETH doesn't have problems with DApps, I think, the ETH will not fall drastically.

Yes, I agree with you, even I am the holder of the ETH, I still have believe that the ETH will replace the position of bitcoin in the future, after the inventory of bitcoin runs out.

Today, drastically drop in ETH is not the end of the ETH assessment. I think the ETH trip is still long. and there are still many problems that must be faced.

[coinplus]

Nouriel Roubini said that the decline of Ethereum was triggered by a few active decentralization applications (DApps)

and the result is 80% ETH drop and fall, DApps is crypto kitties, scammy, ponzi pyramid, and casino games. so the cryptocurrency has lost its value.

There is absolutely no doubt as to why it could be going down pretty fast at the moment, but it is not like it would keep being this way. It is understandable that people will tend to look for reasons anyway and even with all the ponzis, scam ICOs and so on that people keep referring to, it still does not change the fact that they will all vamoose from the market eventually, and then a new trend will begin.

Ethereum may have had its own share of disadvantages, but that does not mean it has not impacted positively in the crypto space. When bitcoin prices will be finding back its rhythm of getting into new ATHes, I believe ethereum also will be back to form to make us possible rich.

[KyberJaxx]

Now you can talk about different factors of the fall, but you can definitely say one thing, ETH should be bought until it starts to grow

[aris av]

The fall of the market has affected ethereum holders and made panic and they sold low. But even though ethereum fell so low it would not be a death for ethereum, ethereum was a strong project and would certainly be able to rise from its fall, I am sure ethereum would be able to rise again.

[andrey755]

Nouriel Roubini said that the decline of Ethereum was triggered by a few active decentralization applications (DApps)

and the result is 80% ETH drop and fall, DApps is crypto kitties, scammy, ponzi pyramid, and casino games. so the cryptocurrency has lost its value.

Think not that a sharp decline occurred, it is even possible to say scheduled, and force majeure, than the explosion of the economy of danois coins. things will be better soon.

[creeps]

Now you can talk about different factors of the fall, but you can definitely say one thing, ETH should be bought until it starts to grow

Indeed! Everyone has there own thoughts about the reason why ETH dumps like this, so technically its hard to know what is truth about it. Just focus on buying ETH, this is really good when you have more ETH on your wallet. The price are cheap, its an opportunity to buy.

[Al-e_x]

if this eth drop is very good for investors. if there is a negative issue about eth they deliberately make it to buy a very cheap eth from you

Today's investors divided into 2 groups.
1. investors who still believe in ETH and all types of tokens on the basis of ERC20. so they choose to buy more ETH, and they also make the ETH market always stay in every exchange.
2. investors who leave ETH. they see that ETH will not last for a long time, DApps is little, and won't be like bitcoin in the future.

and in my opinion, this is the wrong assumption.

[justdimin]

All this time I know Ethereum is a coin that has many advantages and many people are looking for it to exchange tokens, but I don't know that Eth has some problems and that makes Ethereum worthless.

Ethereum is not worthless and I wonder where some of you simply get your assumption from. Market can be in a downtrend, shit can happen, there will always be manipulators, Ethereum is not the only coin going down fast, it could be for any reason with most of it tending towards speculation, but for what it is worth, there are still very good projects present on the Ethereum blockchain and all these are just some excuses people cook up to explain to themselves the reason for the downtrend.