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/biz/ - Business & Finance

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10950700 No.10950700 [Reply] [Original]

Why does ETH keep going down?!

>> No.10950707

>>10950700
Because it's the new king and a market trend leader.

>> No.10950712

>>10950700
It's a useless shitcoin

>> No.10950715

anyone else think ETH has decoupled from BTC and is currently finding its own support?

prove me wrong someone

>> No.10950862

>>10950700
ICO's cashing out

>> No.10950899

>>10950715
Maybe. ETH does have a long way to go towards the bottom as 99% of ICO funds are continually liquidated at market price over the next few years.

>> No.10950902

b-b-but muh flippening

>> No.10950932

Eth futures

>> No.10951005

ICOs cashing out to pay for college books, happens every September.

>> No.10951018

ETH will go to $50 i'm pretty sure. Once ICOs panic and sell it's over.

>> No.10951044

>>10950700
>literally everyday with this crap
everyone who knows anything about crypto knew this >>10950712 from the start. you can still make gains with shitcoins, but it's risky. now, you brainlets are finally realizing this after we've been saying it for years. get out while you can.
ETH will go down as the biggest scam in crypto history not only because it is a scam, but because it is a literal scam coin factory. remember /biz/ told you so.

>> No.10951051

Half my portfolio was this. Now its 25%. Not because I sold but because this shit is JUSTed beyond belief and dumping much worse than the rest of the space.

>> No.10951071
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10951071

Feels like stealing at these prices lmao

>> No.10951079

>>10951044
Unfortunately people only understand this when the price starts going down and sell the bottom, once people see this is not it. Just the way it has to be for a healthy market

>> No.10951107

>>10950700
Ma nippleation

>> No.10951175
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10951175

>>10951071
100% in eth atm. You people can't see an opportunity if it slapped you in the face.

>> No.10951195

>>10951175
typical boomer

>> No.10951201

>>10950700
Because it's a poop coin whose only use has been to fund vaporware projects. Did you think all those ICO's were going to HODL for life? Investing in ETH is like investing in natural gas. Why the fuck would you do that?

>> No.10951205

>>10951175
eth is trash, its only purpose is to enable ICOs which all exitscammed / had no product to begin with. atomic swaps / lightning network will create the new ecosystem, anything that swaps with bitcoin is a much better bet.

>> No.10951207

>>10951195
Thought they were risk-averse

>> No.10951330

The entire market is correcting from December 2017 bubble, ETH will be going up and down for while until it hits the actual price it is worth. Same for everything. Also economic collapse by 2020 who is ready?

>> No.10951601

Down 30% in a month while BTC is actually basically positive and most alts are near break even. Absolute king shitcoin

>> No.10952025
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10952025

People saying eth is lagging in price, but what if it is actually is ahead at going down and all the other shitcoins follow? So it isn't lagging, it's on pace for what is to come for all the other shitcoins.

>> No.10952035

So that we can buy more Master Wayne.

>> No.10952044

>>10950700
Market is dead nigger

>> No.10952073

>>10952025
You are one based anon

>> No.10952091

>>10950700
What you still haven't sold this shit?

HAHAHAHAHAHA

>> No.10952092

100s of millions worth of ico dev bags and a dwindling price... gee... will the shitcoin devs wait it out or are they slowly starting to jog towards the exit? And might they all start running at sone point?

>> No.10952141

>>10950700
Because it was worth 5 bucks a year ago and people are starting to realize the dev is an autistic pedo?

>> No.10952181

>>10951330
Do you think crypto (eth) will go ballistic when the collapse happens?

>> No.10952206

>>10950700
Because bubble has popped already idiot. How do you literally bot get this? The only thing stopping bitcoin from even imploding at the moment are all those etf proposals. If all of them get denied, then expect btc to finally go below 6k as well.

>> No.10952257
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10952257

>>10950700

>> No.10952424

>>10952025
So once the rest of the shitcoins bottom out ETH will be the one rising as it has already found its bottom.

>> No.10952719

>>10952141
based and redpilled
ETH $25 EOY

>> No.10952790

>>10950700
etc blocks it?

>> No.10952910
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10952910

>>10950700
if you really dont know why, then you shuld follow your leader vitalik a little bit closer.

ETH gas some serious Problems.
It was built to becom a decentralized computer, but its not more then a 400 lines smartcontract platform to scam new fags and why?

Scalability, in fact you cant run any application/service on top if it - because the network cant handle it.

The next Problem, there is no supply cap, so you buying a endless money printing machine.

POS and shareding are years away, all the issues are known for >2years and nobody cares about it.

and there is way more: https://twitter.com/lopp/status/1036593175996055552?s=21


educate yourself: https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

>> No.10953237

>>10952910
>>10951044

>> No.10953278

>>10950700
Infinite supply plus 7.4% annual inflation rate which they finally just lowered to 4.7%.