Market END or MANIPULATION?

[suzanne5223]

how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense

This is due to volatility of cryptocurrency market as all prices may swing without a valid reason. All crypto were suffer the drop of prices not only ETH it happens also on bitcoin. Indeed the fall of prices gives the other investors a chance to buy at lower price and control the market if they will buy huge amounts of coins. If you have money you can control the market and become a whales. Money is powerful weapon to control the situation. 

Yes, the market may swing without a valid reason cause crypto currency market are volatility in nature but the market ought to be experiencing some pump in price now and the only thing that could cause the dump in price is manipulation.

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[bitcoinrays]

It's unpredictable market and people can sell there ethereum anytime as long as they want to sell as we can't force them to keep holding. Although it's a drastic drop within a short period of time. We just hope that this will recover quickly as many token will be affected and the confidence of the investors will lost.

Several things we should not ignore and many things we should ignore not only in the crypto market but other money related sources as well. In the past we had Bitcoin in worst conditions but it knows better how to recover its price so it has passed the tough moments and right now I am sure its price can not go down more from 6000 US dollar so you believe or not you can make profit if you buy it and wait for it to sell high.

[i7claufe]

Take also in consideration that not only the cryptocurrency market is crashing, but in our country, our stock market charts have also been in a bear market for quite some time now. So maybe there is something wrong with the whole financial market/economy as a whole, not to mention, all of the scam platforms that are going around that'll instill fear on new and middle-experienced investors.

[Cordwel]

There is no stable coin here.. Except USDT if compared with USD,LOL. Even fiat there is no stable one. Everything can be happened in the market

[Jianx]

in my opinion this is just a manipulation, we don't even know when prices will be normal because there is always manipulation by interested people and it destroys everything

[anggriani]

how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense

you will know what the reason is if you understand eth well. indeed ethereum is the top choice for ico, but do you know how many ico are successful or reach hardcap this year? only a few, the rest of the others are failures and scams.

[sehoon]

how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense

I don't want to think that it is the end for cryptocurrency adn I just keep on hoping that it will be up any time soon. My speculation is this is just a market manipulation by the whales. Cryptocurrency is very profitable so I don't think it will end just like that because it gains a lot of support from people.

[nl247]

in my opinion this is just a manipulation, we don't even know when prices will be normal because there is always manipulation by interested people and it destroys everything

It doesn't destroy anything, It is just a normal thing to see manipulations once in a while, it is only rampant here because it is a decentralized market, there is no law or regulation in place against manipulations, and the market is highly speculative.

With respect to the speculative nature of the market, until we start getting to see real life usage before we can get to start seeing real demand and adoption and less of manipulations as no whale will obviously want to get burned.