Quote from: TravelMug on September 15, 2018, 03:16:03 PM

https://u.today/it-is-possible-ethereum-did-not-drop-due-to-ico-sell-off-after-all

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Possible it wasnt ICOs

According to data provided by Diar, a research group that releases an in-depth weekly analysis on the global cryptocurrency market, the majority of major Blockchain projects based on Ethereum are still holding tens of millions of dollars in their Ethereum treasury.

I urge everyone to read and see if this make sense. The article says that its not the ICO's that has to blame for ETH sudden drop but the technology behind, dApps, because it didn't scale as expected giving investors false hope that's whey they dumped their ETH.

Although its also mentioned that most ICO had liquidated an average 62% of their ETH holding. So this alone has put tremendous amount of pressure on ETH that's why the price plummeted.

The prices are completely manipulated right now. My theory is corporations and governments want in. This is how they do it. They come in and disrupt and scare people into selling. We may now go sideways for a while as they attempt to bore and frustrate us to death. Once they have what they want we will see a large spike up.

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