Scammer Can affect the ETH price

[yousufatik]

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?

[bdsharminsoltana]

This is actually a very valid statement and sadly, it's valid for a lot of projects out there. They clearly don't do it to drop the price because they don't really care about that.

But mainly because they don't want to be traced or the address being flagged or something so they just move to fiat as soon as possible and live a good life afterwards.

[hope167]

that right, Scammer can be too affect the ETH price, after they scam they buy ETh with large of number and this make the eth price go down more.
this can be affect to other bounties

[trauchot]

Of course, I agree that many scammers kill the price of ethereum, but many other factors also affect the entire market and ethereum itself, because almost the entire market depends from bitcoin.

[pelana vreo]

It's hard to distinguish between scammers and I still can't tell the difference, because they post team activities and suddenly they stop the project for reasons that are not clear, I think eth will return and become number 2 after bitcoin, this is difficult because the ripple has risen to position both in coinmarketcap and ethereum are still in 3rd position

[DeKingCrypto]

In the entire cryptocurrency world, I believe that scammers can affect any crypto not only Ethereum, because scammers would like to dump and leave.

[akitha]

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?

Agree, they are the one who is causing the ETH price to fall down. These people will launch a project with there so call Self drop , after they collect enough eth they will transfer it to exchange and sell it.

[paolobaltimori]

Scammers can affect Eth price but I think this is not the main reason of this crysis otherwise coins like BITCOIN and Xipple would have risen instad of decrese their prices....

[sturec22]

yes scammers and big players have huge impact on the eth price. I think whales are trying hard to gather all the eth they can have. And it seems like they are successful. Even the old investors are leaving ETH
, ps: i am buying back

[Mehira01]

Yes, I strongly agree with you, a scammers is one that affects the price of Ethereum down, the current market price that is reddening can also affect all crypto.

[Ahmedalab]

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.

[adterna]

Indeed, since the beginning of the time when cryptocurrency began to take an important place in technology, becoming a dynamic area, the market has been opened for fraudsters who are always ready to use the possibilities and unlimited benefits offered by this area. Because of the drastic change, also considered an uncontrollable market, the cryptocurrency industry is full of scammers who are able to fool investors, unfortunately, intentionally. As a result, it needs attention when dealing with blockchain space. maybe you can see references from several sites that provide data about cryptocurrency that preach potential scams, so you avoid getting into trouble also keep your funds safe when investing in certain coins,

[The Translator]

there are many cases of scams like ico who are scams. we know that scammers will harm many people and make the crypto market fall. we must be more careful not to use the crypto assets we have taken by irresponsible people.

[Jaguar]

Scammers doesn't have a business to decline the price of ethereum. Let as take a look closer to market condition everything is falling down the price, so if your opinion was right then we can assumed that every altcoins drops due to their own scammers. Not right idea to pin point the scammers about ethereum drops, I don't defend scammers, although is some cases their action is not forgivable still they are not always the reason behind. In fact, bitcoin used seldom in ICOs and yet it drops more than ethereum. The market condition now is not because of scammers but because of what the market scheduled to be done as we all know it is volatile.

Actually, scammers are always present whether the market is in bullish or in bearish. They don't rest to scam someone as they are like an eagle searching to devour. It is our individual duties that we should not be one of their prey as long as we can take care of our business.

Sometimes they are difficult to noticed because as the years passed by, they can do another way that seems legit one, for example handling ICO providing all important details can attract you to invest. Unfortunately, the whole concepts is a big lie.

Better to give more time to read the information about the project than invest immediately without enough security if the project is the real one.