Irrevocable, absolute massacre of ETH is about to commence due to these fundamental, logical and objective reasons
1) Tezos ICO scam is about to dump 70$ million of ETH to crash price and outcompete. Tezos is direct competitor of ETH, so they will gain a lot by destroying ETH.
2) Other ICO scams are cashing out as well. ETH baghlders sell ETH for ICO scams and ICO scams sell ETH for fiat aka real money.
3) Cryptocurrency is in an obvious bubble.
4) Apple is coming out with their own peer-to-peer payment system soon, which will outcompete and kill cryptos, rendering them useless.
5) Smart contracts are a meme and don't even work (aka DAO "dumb contract").
6) Ethereum can't scale (critical).
7) Bitcoin can do everything Ethereum can do.
8) Ethereum was $9 only 6 months ago, so obvious overvaluation here. Intrinsic value of ETH should be closer to $15, providing growth nicely to $30 in the following 5-10 years.
9) There are no actual useful products except gambling, drugs and illegal stuff for crypto.
10) Normies are already aware of crypto due to media recognition, it is mainstream, yet normies refuse to use it, because crypto sucks and is basically unusable for anything proper such as buying groceries at Walmart.
11) Vitalik death rumour proved that too much of ETH value is tied to one person. Centralised as hell, people don't want that in crypto.
12) No hard cap - nothing needs to be explained here. Who the hell buys something that is unlimited in supply? Once people realise this fault, they will not touch ETH with 10 foot pole.
13) China banning VPNs next year, possibly cryptos as well.
Overall ETH has been going to hell as I have accurately predicted before based on logical, fundamental reasons and it will continue a steady decline to double, possibly single digits and then recover to $100 maybe (if not outcompeted by another crypto) during the following 10-15 years.
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