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Thread: Ethereum Crash Incoming!

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    Moderator madfranks's Avatar
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    Ethereum Crash Incoming!

    This guy nails what I've been thinking for a while now. There's no way ETH's current price is stable. It's going to crash back down to sub $50, maybe sub $20.

    http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
    "Liberty is so creative, and the government is so stupid, that Iím very optimistic about the future"
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    Neuro (5th July 2017)

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    Dangerous Donald Neuro's Avatar
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    Re: Ethereum Crash Incoming!

    Quote Originally Posted by madfranks View Post
    This guy nails what I've been thinking for a while now. There's no way ETH's current price is stable. It's going to crash back down to sub $50, maybe sub $20.

    http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
    dEth!

    Yeah its coming! I think we may have a couple of weeks left. No doubt Eth will be the biggest loser, but I think we'll probably see the entire cryptocurrency market implode. Lets see if LTC will reach $100 before it is coming. I wouldn't be surprised IF it goes down to $10 in the crash...

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    Moderator madfranks's Avatar
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    Re: Ethereum Crash Incoming!

    Quote Originally Posted by Neuro View Post
    dEth!

    Yeah its coming! I think we may have a couple of weeks left. No doubt Eth will be the biggest loser, but I think we'll probably see the entire cryptocurrency market implode. Lets see if LTC will reach $100 before it is coming. I wouldn't be surprised IF it goes down to $10 in the crash...
    I cashed out of most of my crypto holdings, because I am convinced that when ETH begins to crash, it'll pull down everything else with it, yes even BTC.
    "Liberty is so creative, and the government is so stupid, that Iím very optimistic about the future"
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    Dangerous Donald Neuro's Avatar
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    Re: Ethereum Crash Incoming!

    Quote Originally Posted by madfranks View Post
    I cashed out of most of my crypto holdings, because I am convinced that when ETH begins to crash, it'll pull down everything else with it, yes even BTC.
    Of course it will happen. BTC will hold the best, but I wouldnt be surprised to see it down to below $1,000...

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    Dangerous Donald Neuro's Avatar
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    Re: Ethereum Crash Incoming!

    Quote Originally Posted by madfranks View Post
    I cashed out of most of my crypto holdings, because I am convinced that when ETH begins to crash, it'll pull down everything else with it, yes even BTC.
    Besides no one ever got poor by taking a profit once in a while. And it will be cool to be able to buy back everything you sold for 1/5th of the price you sold for...

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    madfranks (5th July 2017)

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    Re: Ethereum Crash Incoming!

    Quote Originally Posted by Neuro View Post
    Besides no one ever got poor by taking a profit once in a while. And it will be cool to be able to buy back everything you sold for 1/5th of the price you sold for...
    I hope so. I missed my first chance to do this back in '12 and '13 when LTC almost touched $50. I had over 2000 at that time and didn't sell a single one because I thought it would rebound. I held on and didn't sell all the way down to less than $2 per LTC. I've since learned more about the epic rises and falls of crypto, so this time I sold just under $50, so if it crashes back down to sub $10 I'll buy back in and wait a few years for the next swing up.
    "Liberty is so creative, and the government is so stupid, that Iím very optimistic about the future"
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    Unobtanium PatColo's Avatar
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    Re: Ethereum Crash Incoming!

    FAKE "ELECTIONS" - Why Ron Paul Can't "Win"

    "If telling the truth marginalizes you, then that is the place to be. After all, if enough people are willing to be marginalized, then before you know it, society has developed a different center. This is the politics of truth." -- E. Martin Schotz

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    Re: Ethereum Crash Incoming!

    Pat, I don't think the immediate issue is with BTC, it's with ETH (Ethereum). IMO, the fundamentals of BTC are still pretty strong, but the fact is that ETH is preparing to shit the bed so hard right now, and it will take BTC down with it.
    "Liberty is so creative, and the government is so stupid, that Iím very optimistic about the future"
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    PatColo (5th July 2017)

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    Dangerous Donald Neuro's Avatar
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    Re: Ethereum Crash Incoming!

    Quote Originally Posted by madfranks View Post
    Pat, I don't think the immediate issue is with BTC, it's with ETH (Ethereum). IMO, the fundamentals of BTC are still pretty strong, but the fact is that ETH is preparing to shit the bed so hard right now, and it will take BTC down with it.
    Another option (if you are conspiratorial), is that BTC holders due to their dominance and old money boys network, conspires to keep others cryptos down. As the market goes into the mania phase they buy up the prices of alt-coins, and then they "create problems" for the competitors at the exchanges, get some negative articles in the cryptomagz, and sell in unison, effectively crashing the prize. BTC having the reputation of gold in cryptocurrencies is going down but much less than everything else. Perhaps the whales don't earn that much on the alt coin trading, perhaps they lose even, but the purpose is to keep BTC the unquestioned leader.

    Just a theory which I haven't very much to support, apart from a feeling that this is the case.

    Post crash as it starts stabilizing I think it is a good idea to buy BTC, as that is the one that starts gaining first, and then move into LTC and then other alts, also listen into what trollboxes promotes a lot in the mania phase, they will be winners. I did buy ETH at $120, and I could have tripled my money in 10 days, but I came to the conclusion that there was nothing that could motivate a price of +$10 B for ETH. Damn my reasons and reasoning!

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    Re: Ethereum Crash Incoming!

    There is such a hype around ethereum mining at the moment that you are not able to get graphics cards...

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