Post
Topic
Board Speculation (Altcoins)
Re: Scammer Can affect the ETH price.
by
strunberg
on 03/01/2019, 07:14:03 UTC
Obviously, fraudsters can influence the price of ETH because they always sell the crypto collected during the ICO phase in exchange for legal tender, which will cause the price of Ethereum to fall.
Not just ETH but I think the whole market. Hackers are one of the problem of cryptomarket and its hard to stop them from doing that, because of this the trust of investors on cryptocurrency is declining and that can lead to a price drop of ETH, BTC and other altcoins. ICO’s are still suffering from this trust issue, but hopefully they can survive in 2019, so they can have more technologies to offer great services to us.
You're also correct. Most of the reason is because of the scammers everywhere. I also afraid now to invest on ICO. But we need to handled our faith to stay on this place if you don't have this faiths. You will be not stay longer here with a lot of money lose.
hackers and scammers have high contribution in this bearish trend.they stole much cryptocurrency and sell it cheaply in market.their action make most investors and holder affraid , and finally prefer sell their assets.