Re: Is Ethereum Actually Heading for a Collapse?

Quote from: mihika on September 05, 2018, 06:43:52 AM

Buterin talked about the Ethereum developer community is working on proposals to make gas payments in ETH at the protocol level, which could prevent the ETH price collapse.

The recent post on TechCrunch titled The Collapse of ETH is Inevitable, by crypto entrepreneur Jeremy Rubin, has caused a major uproar in the Ethereum community. Jeremy in his blog post wrote that a price collapse is soon to follow due to the failure to scale and adopt better and secure contract authoring practices.

https://www.coinspeaker.com/2018/09/04/is-ethereum-actually-heading-for-a-collapse-co-founder-vitalik-buterin-opens-up-his-views/

No it is not. The simple reason why ethereum fell in price. Basically many people bought ethereum and spent it on ICO tokens, which caused ethereum price to skyrocket and get the second place from litecoin aka "silver to bitcoins gold" and now still standing at second place even after the price went down so much and everyone is fearing for the drops.

However, when the bear market hit, those ICO people you sent ethereum to started to sell their ethereums, they started to get rid of the funds they have and get cash instead and use that to improve their coins while at the same time we are in a bear market. Which means there is no chance in hell ethereum is heading for a collapse, its just bad timing.