It is not caused by the fake news. The real top 3 reasons are:
Concerns on the performance bottleneck and scalability of ETH.
If ETH can not be the central platform for running different DAPPs smoothly, what is the use of it?ICO regulation is on the way
China government is on the way to regulate ICO market for sure. I believe US and other countries will do the same thing.
If people can not get rich through ICO, why will they buy and hold ETH?
But I agree that regulation is the right thing to do and will benefit for the long run.Competitors are coming
EOS or maybe other better designed platform are coming.
They have better availability, better design and cheaper communication.
I think ethereum won't completely crash being backbone for so many actually promising projects. There have been crashes already, after which the price goes up. Let's just be slightly optimistic put up few bucks in some altcoins making advantage over low price and HODL :P
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It depends on the future ICO regulations.
Actually today, one ICO website in China already announced that they will stop ICO for now. That is why Chinese Coiners are panic selling right now.
Because we know it means more and more ICO websites will do the same things in the coming days.
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Good thoughts
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