Scammer Can affect the ETH price.

[purplemoon]

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I do not think so. Many projects throughout the year have collected a large number of ETH on ICO. This year, everyone began to actively sell it. That's all the reasons. In addition, the market has fallen greatly, regardless of the quality of a particular coin. Prices hit absolutely everything and Ethereum is no exception.

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[maaldaz]

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

That is indeed one of many things that could affect the price of ETH. With the existence of scammer who utilize any ETH or ETH contract, and then they dump the coins, indirectly they will affect the stability of the price of ETH.

[tisumagic]

If the issue of scamming activities continue without any solution,  ICO will die and ethereum reputation may be affected though,  ethereum it's self is not a scam coin but those that scam people's ether will tarnish Ethereum reputation!

and now the ethereum platform has continued to weaken, although I know that ethereum is not a weak coin, but if it continues to be used in ICO scam contracts, it will definitely get worse

[JCviggen]

I strongly agree with you. These ICO scammers are the main cause of panic and discouragements in crypto. If we minimize scams in crypto. More investors will start investing in crypto.

Now the big players are more afraid of not the scammers, but the fact that this sphere has not shown itself yet as a whole. There are more scammers in the fiat world. In cryptocurrencies, it is easier to save your money if you have a lot of them than in real currency

[mdzahed134]

Exactly also my opinion is eth mainly affected by who guys are working in ico projects. Bullshit projects marketing strategy is critical because they buying paid ico reviews from many big sites like as icobench and icomarks. Please stopped to invest just only seeing reviews without analysis.                 

[hellyeahent]

Quite a strained judgment, since even though they own a fairly solid amount of Ethereum, I think it is not profitable for them that the rate of Ethereum falls. What is the meaning of such actions? They will increase the load on the set and then their work will stop.

[luthvie]

yes, reason of the fall of crypto market is because many fake ico and scammer now, who break the reputation of invest in digital asset, and just like now, crypto almost die.

[JeffBrad12]

I strongly agree with you. These ICO scammers are the main cause of panic and discouragements in crypto. If we minimize scams in crypto. More investors will start investing in crypto.

Now the big players are more afraid of not the scammers, but the fact that this sphere has not shown itself yet as a whole. There are more scammers in the fiat world. In cryptocurrencies, it is easier to save your money if you have a lot of them than in real currency

Manipulators should become the main thing that gives a huge contribution to create fear in the cryptocurrency space. I guess you should remember about when the market gets an instant pump. This was even bigger compared to the scammers.
That's indeed scammer will always dump their stolen amount to the market instantly. Scammer is a money whore.

[Nggedebus]

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

Yes that is one of many reason that makes Ethereum price falling so much. With the easy way to create contract in Ethereum making it so easy for any scammer to run their scamming theme, then dumping all the coins after they get what they wanted and end up making ethereum price falling.

[EducoinVietnam]

I agree with your opinion , quite reasonable sounds + like we've seen this spring, when major ICO projects have started to cash out the Ethereum , for fear of losing investments, and diversification .

[nemesio]

I think this is due to the fact that the average level of intelligence of the Ethereum holder is low, which is why they believe every word of Vitalik and easily succumb to and fall for the tricks of scammers. So it is possible that they have a lot of Ethereum at their disposal.

[aces777]

This is true because once you do start to look at how the price of the coins are going down you are going to see that it is because of the scammers selling off the big amounts of coins that they got from doing icos and once that much money leaves the market then it is most definitely going to be affecting the price of ethereum due to the sell off

[BartS]

Yes, a lot of ICO scams made investors fear, and even the ICO developer team felt fear of selling Ethereum, so now Ethereum has been hit hard, and I think the price of Ethereum will be difficult to recover in the future.

The price of ethereum is going to recover but it is not going to be a fast process, everyone that is thinking that is going to happen during the next weeks is very mistaken, it is better to accept the price of ethereum as it is and try to get advantage of it if you can, I am sure that in the future ethereum is going to recover and be the respected coin that everyone remembers but we will need to recover the confidence of the investors something not easy to do during the bear market.

[martina14]

How can a scammer may affect the ETHEREUM price!

A certain wallet was scam and to get it as money for a safety measure!
The scammer will send the ETHEREUM or tokens to an exchange with out any KYC requirements.
Once that happen it can be a good way out for safety. the token will be dump or ethereum.

[bananaunana]

Ofcourse a scammer can affect ETH price in a very bad way. Stolen ETH from a scammer can be sold and if it's a lot of ETH, price will dump. But it has to be a very big number of ETH to affect ETH price. Like if a scammers hacks a big exchange.

[jaywizzy]

I disagree with that, scammers don't have any influence on price. Price is being control by inventors that invest in huge amount in the project.

[Ranly123]

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I guess you got a point but it's just too simple thing that is done by scammers. Don't you think that the price of all altcoins has the same movement as bitcoins in the market? In other words, scammers effect on the price of such coins is only little compared to what's really happening right now in the crypto world.

[H1N1]

Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?

I know, that is what fake ICO's doing when they want to steal money from investors.
But for now, i think that is not the cause because the price of other coins than ETH has gone to the bottom too.
Although ETH value is on the bottom now, there are some good ICO's to invest too. If you manage to find it, you can cover your loss with the profit later.

[dawai asmara]

I disagree with that, scammers don't have any influence on price. Price is being control by inventors that invest in huge amount in the project.

agree, in my opinion affecting the price of ETH other than Bitcoin is the main asset holder because ETH is affected by existing transactions. so in my opinion scammers do not affect ETH prices. and the decline in ETH prices this time is indeed because of the price of Bitcoin and also many people who sell panic.

[raitsuk]

I think indirectly Yes, cause when they finish collecting their money with their created project based on ethereum platform, then they dump the coins, that makes the trust from people to Ethereum platform decreased, cause so many scam project that are using Ethereum platform.