With more than 200.000 ETH mine every week and low buy volumes, we could assist of a big crash of Ethereum price.
Since the end of Devcon 2 the price is still falling and we recover a price @ march 2016.
In my opinion the price could fall under 8 dol @ the end of the year.
Applications for high public will arrive between 2 or 6 years so today the question is why buying an ether and for what to do ? => nothing
Only Bitcoin can raise because of low price of Yuan against dollar, chineses move their fund on BTC and only on this cryptocoin.
As the housing bubble broke, we can see the same things with ethereum.
My advice is to sell ETH now before it goes on the way to the ground...
0 ·
Comments
Today, syaoran99 is nowhere to be seen, probably under a new screen name 'cause his predictions -- each and every one of them -- were so absurdly off the mark it was laughable. Retech meanwhile just bought 700 eth, so I guess he changed his tune pretty hard...
And now there's Godmaster, an apt name for a user who can predict the future with info pulled from thin air.
We've gotta get some folks in here with tealeaves and tarot cards, then we'll really be on a roll.
Oh and BTW, I've heard the same thing about BTC recently...that it's due for a predipitous decline for reasons x, y and z, etc etc. At the end of the day eth, btc and even that paper fiat all hold value because people believe in it as a store of value. Eth is the only one with actual utility, which is why I have and will continue to support it. The language Godmaster uses is the typical pump and dump stock market wall street lingo; I'd like to think eth is above and will eventually be beyond that infantile mentality.
Comparate to BTC, BTC raise from 500 dol to 700 in 4 months only and ETH goes to ground...
Not very long time ago, Bitcoin was 3-4$, after falling down from 100$ and now it is at........:)
- BTC only 21 milllions of coin Max, 16 millions mined today.
- ETH unlimited coin, 86 millions coin on the market today.
Ether is not a long term investment, read what Vitalik said about this.
Unfortunately I think it will be this way until ETH starts receiving some good news and confidence has been restored in the platform.
https://www.reddit.com/r/ethereum/comments/5fazhu/with_all_the_noise_behind_us_why_is_sentiment/
https://www.reddit.com/r/ethtrader/comments/5fborf/bad_sentiment_or_whales_pushing_weak_hands_to_fold/
I agree with @thesmokingman - I see this recent decline as a confidence vote. Eth needs to cruise along without an unintended fork for a while to regain investor trust
And true Ethereum has a lot of trouble with security.
I have seen the crash coming and happy to have sold all my ether before.
The price still go down maybe under 5 dol or less.
For those who hasnt sell yet, you must sell now before the death coming.
And who will mine with a price of Ether very low ? nobody...
As soon as you say death is coming to crypto, you're nothing but a troll.
I saw the crash coming weeks ago, not you lol
Sky is falling! Sky is falling! Oh wait... it's back up 50cents from bottom already. Nevermind.
If you take the time to read the Reddit posts you will see part of the price decline is due to a concerted effort by "whales" or groups of individuals attempting to push the price of ETH down. Given your posts and comments of late, I'm willing to venture you may have an affiliation with some of these groups and trying to scare "weak hands" into selling so you can just buy their cheap ETH.
As far as your last point, there is roughly 4.4THs @ 67TH that would disagree with your last point....
Read this : http://www.coindesk.com/ether-ethereum-prices-blockchain-issues-seven-month-low/
"The number of new ether being mined per day as a proportion of current ether in the market is too high," he told CoinDesk.
That leaves them with the choice of running their own blockchains publically (which is terrifying to them for various reasons, as well as anathema to their governance models), using someone else's blockchain, or ignoring blockchains altogether.
Some will get involved in a limited way, and we'll see how that works out.
But most banks can indeed afford to ignore blockchains, because even BTC is small fry to these guys.
Lots of people have the same opinion as me and the market follow too Thats why ETH price fall to 8 dol.
This is not because people just talk about "crash" that the price will crash lol, its just a reality.
I won more than 10.000 dol with Ether and sold more than 500 ETH mined, i am very happy to have sold these ETH during the Devcon2 when it was at 13 Dol.
ETH will never recover a price @ 13 dol until a few years now.
l o l
Not all of us are "churn and burn " miners. I see crypto as a way to diversify a portfolio (just like having oil, financial, food, and service stocks).
Freaking out over a few months down just means you want to get rich quick. When you join a club like that, everyone goes broke. I think Ethereum investors have a little more class than that and actually believe long term it will prevail, have staying power and a price to match.
I think that Vitalik and his co were too greedy but its just my opnion...
If you want to buy my shit maybe you already did it because i already sold all my ether when it was @ 13 dol lol