Post
Topic
Board Speculation (Altcoins)
Re: ETH Soon Back To Sub 1 Dollar
by
jjacob
on 07/06/2016, 01:18:54 UTC
Ethereum IPO "Project" will soon go back to sub 1 dollar price, because there's not enough fools to maintain the price.
Whales have to dump before buywalls are being deleted causing a permanent downtrend similar to other failed altcoins.

This means ETH is dead.
Thats just not possible. Even in the worst scenario it will fall only to 5-7$ then Rise above 15$

I agree with this. The cost of mining for most home miners is about $5 to 8. So that could be the bottom price.

Markets don't work that way.
Think of the crude market. Prices dipped below cost of production for most of the suppliers.