Post
Topic
Board Speculation (Altcoins)
Re: Scammer Can affect the ETH price.
by
Prettymie
on 25/12/2018, 13:41:12 UTC
Hello, You know guys most of reason why ETH falls down because of a lot of scammers used the smart contract and make a bright idea about for the future but its only fake. They always convince the investor using their good marketing strategy and once the investors are convinced so they invest their money. And once the scammers has a lot of ETH accumulated from the investors the will sell immediately so they can affect the whole market cap of ETH. What do you think?
It needs a huge amount of ETH before we can see the price will dumps and I don't think that the real reason of dumping are those scammers. The main reason of price dumping are those whales who manipulates the market and they will do to control the ETH price at their comfortable prices. Look at how huge the money needed to bring-up the price of ETH from $80 to $140. Panic sellers might be a factor as they will sell without thinking of the market price as long as they will sell and buy back at lower price.