Why the Ether will drop to $ 60

[aoihs00]

I am still figuring out all your statment here. To be frank I don't think ETH should be seen as bad as its being represented here. I know there had been many set backs for ETH this year but that came along because of the different congestions within the ETH platform. Now I guess that wasn't fault of anyone but the technological insufficiency and nothing else. I dont think it should be taken as something wrong with the ETH itself.

The current market is sufficient for ETH to hold on well above 150 USD. There is less chance that ETH wil go down 100 and below at all. FYI : Lot of facts altogether.

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[Piskeante]

the problem is not if it goes to 60$. The real question is: will it go up eventually? my clear answer is NO. Because the amount of Smart Contracts signed are very small and for very little money.

If ETH cannot go mass-adoption it will die, if it's not already dead.

[jvdp]

This prediction have not any serious foundations.
I think that Ethereum become more attractive for investors with lower price. If drop down of Ethereum will continue that ETH will find the point for the moon rocket flight very soon.

Here also find the same thing mate. There are people looking forward to invest om ethereum and at the same time. I don't know how this value expectation will become true.
Moreover I don't know is this topic is worth to share the 5 merits. Smelling merits farming here with creating topic. Need to dump this thread.

[adzino]

While everyone is waiting for growth, I expect a sharp decline. Yes, exactly the one that Nassim Taleb always waits for and he regularly waits.

Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.

Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell ​​for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.

That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.

I don't understand you reason for said that the price will fall to $60 if you think that the ethereum has no use then it should go to $0 not to $60.But we can't say we no need new ICOs because still we are in early stage of crypto growth more new coins will pop up.

The price won't drop down to $0. Even with a slightest trade volume, it will have a value. For the price to drop down to $0, each and every person will have to give away the coin for free and no one should be willing to buy it for any kind of price at all. But i don't think that will actually be happening anytime soon. People will still be holding it as a storage value causing it to give eth some sort of worthiness.

[DonTsTop]

While everyone is waiting for growth, I expect a sharp decline. Yes, exactly the one that Nassim Taleb always waits for and he regularly waits.

Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.

Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell ​​for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.

That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.

Without mixing words together; you are looking at only one side of a coin.
Ethereum had already established itself with thousands of tokens that will always need ether for gas whenever they want to transact.
Also more ico token are adopting ethereum platform on daily basis.

[worldofcoins]

One thing we must do is take all these market predictions with a pinch of salt. Not everything is true, obviously. Anyways, I think if EHH was to drop in price regardless of what this may be it would be due to people selling out, a lot of coin dump.

[DanTalksCrypto]

I just can't see it ever get that low. Just how I can't see a sub-5k BTC again. If it gets near those prices people will be hoovering them up.

[PM.coins]

Can you explain to me, a little reason Ether dropped at $ 60? Honestly, this makes a big question suddenly in my brain. And I don't expect that to really happen. Even though in a difficult market situation, that does not mean having to go down and fall at $ 60. pathetic!

[Nanda Dewi277]

I think it's impossible ETH 60$ because for 1ETH mining cost is 150$ so how can it possible.And the otherhand day by day Ethereum going to be popular so I think it's price will increase again.Just need some time.

right, it takes time and patiently waiting for prices to rise again. at this time the ETH price dropped sharply, let's make this opportunity to immediately buy an ETH. and do not make a sale in down market conditions while keeping the ETH coin you have and that is the right decision.

[SistaFista]

While everyone is waiting for growth, I expect a sharp decline. Yes, exactly the one that Nassim Taleb always waits for and he regularly waits.

Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.

Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell ​​for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.

That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.

Do you think no more peoples will come to buy ETH and only sell ETH ? And no longer ICO will be held  ?
I think the current price maybe not because many peoples sell their tokens. In the first place, do you think they sell only in ETH ?
Many tokens can be sold for BTC as well in big exchanges, so your reason is not 100% right.

[otong]

I think it's impossible ETH 60$ because for 1ETH mining cost is 150$ so how can it possible.And the otherhand day by day Ethereum going to be popular so I think it's price will increase again.Just need some time.

right, it takes time and patiently waiting for prices to rise again. at this time the ETH price dropped sharply, let's make this opportunity to immediately buy an ETH. and do not make a sale in down market conditions while keeping the ETH coin you have and that is the right decision.

eth will not fall very much in reaching the price of 60 $ because ethereum itself even though down also more and more people are interested in investing in it to invest their investment

[VBCryp@]

I think it's impossible ETH 60$ because for 1ETH mining cost is 150$ so how can it possible.And the otherhand day by day Ethereum going to be popular so I think it's price will increase again.Just need some time.

Indeed. The average mining cost for ETH is ~ 150 (by region and resource). Therefore, if ETH slides down this threshold. it is a serious recession. Of course, with the current situation, not to serious and it is temporary with information related to MtGox

[Adhichan]

I think it's impossible ETH 60$ because for 1ETH mining cost is 150$ so how can it possible.And the otherhand day by day Ethereum going to be popular so I think it's price will increase again.Just need some time.

right, it takes time and patiently waiting for prices to rise again. at this time the ETH price dropped sharply, let's make this opportunity to immediately buy an ETH. and do not make a sale in down market conditions while keeping the ETH coin you have and that is the right decision.

eth will not fall very much in reaching the price of 60 $ because ethereum itself even though down also more and more people are interested in investing in it to invest their investment

its hard to reach $60. i see in chart strong support on level $133 and $111. maybe this best demand area for if we would buy ethereum.personally i would put my money when eth reach this level.

[trungdlvn]

Another thread about ETH, this make me think of a conspiracy that some "force" is using their resource to drive the price of ETH down, for what? for accumulating, i guess.
 If ETH go to $60, I will surely have a huge bag of it (that I doubt the $60 will never come true), if would be dream price for me if it go down to $100.
Beside, like someone above said, ETH is not only about ICO, its about a lots more.

[pearcy jackson]

in my opinion, for 60 $ it is difficult, because Ether is also used as a payment instrument in several places. so there are still many who use ether. maybe it's true there will be a next coin that fared well like Ether ... so we have to prepare for another good potential coin. and if the ether has been <100 $ then I guarantee people will buy a lot of ether, and the price will eventually rise too. so not down will rise when <=100$, I think

[toast]

this will not happen. ethereum prices will survive and indeed now it will be a little difficult to be able to rise but ethereum prices will not experience a fantastic enough price drop of up to 60 $

[@baoli]

I think I quiet agree with, I remembered last year once any ICO is announced and date fixed you notice ethereum pumping. People are buying ethereum to buy the ICO. Just one good ICO makes the difference. Recently, with all the ICO going on the price don't move significantly again.

[knuckey]

eth won't fall that badly, because there are still many users who hold it and expect eth to bounce back. this fall does not mean that everyone has dumped eth and left it.

[Razick]

The ether will not drop to that price, just because the price has been falling does not mean it is going to keep falling anyway, look at it, it does not make sense why it should get to such low prices, there is no reason for it.Besides the coin has started to recover in price over the past couple of days and it looks like it is going to keep going up

[Herbert2020]

bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.
same color.

that is the key. the "demand", it was not a sustainable demand which is why it started vanishing as the ICO hype started to vanish so now there is no more demand for ETH and the only ones remaining in the market are the whales who are shorting it to make money on each dump and there are newbie bag holders who are holding it tight because the same whales told them to hold while they are dumping!