Quote from: jeffthebaker on September 08, 2018, 10:39:29 PM

Quote from: talkbitcoin on September 08, 2018, 09:00:12 AM

first ETH has to be dumped down to go down to its real value then we can talk about bouncing back. although the real value of it is not easy to determine because its only utility is ICOs and they are failing these days.
some say its value is below $50 though.

after it reached that price then it will surely starts having pumps again. although i doubt that it can ever go back to its ATH, that price was a one time thing.

Ethereum has numerous use cases and most entities experimenting with blockchain are doing so with Ethereum.

no it doesn't, the only use case is for smart contracts and the usage of that has been in ICOs and ICOs are basically useless speculation tools and nothing more. so in conclusion you can say the only usage of ethereum is for speculation and that is the main reason why its price is falling like this.

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Decentralized exchanges, blockchain games, cloud computing, decentralized prediction markets, virtual asset exchange, autonomous investment funds... The list goes on.

- Decentralized exchanges: is not usage of ethereum it is just an application that was built using its blockchain as it could have been built (and is already) on any other blockchain.
- virtual asset exchange: is the same thing, not a different case
- autonomous investment funds: same
- blockchain games are the same smart contract which are being used as ICOs to make money
- cloud computing, this is the only one that i have no idea what it is since i have never heard of any cases.

not to mention that all of these cases have much better examples built on top of other platforms including bitcoin. even smart contracts are so much better on bitcoin!

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ETH might keep dipping in panic sell mode

it is dropping because it was pumped and now the dump is what you see not the panic. the panic has not yet started because people still believe in it. let price stay in $100 range and show signs of going back to 2 digits and you see what real panic looks like.

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it has dozens of legitimate platforms and products built on it today that are worth multi-millions.

would you mind naming half a dozen of those legitimate ICOs that are at least 1 year old and have delivered something?

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If we ever see .025 BTC ETH I'm taking my spare BTC onto bitmex and opening a fat Ethereum long

i am also watching ETH price closely and will eventually get some money ready to invest because i do believe that the ethereum foundation will eventually start pumping it again but i don't think the dump is going to stop at 0.025BTC which is $150ish. i think there is still room to be dumped down to 2 digits.