Can anyone shed some light regarding why is the crypto market crashing lately? Specifically Ethereum? Is the crypto bubble finally popping up?
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I think the reason that Ethereum may be pulling back so much is the news of the Coinbase flash crash that happened and it has maybe scared people into not wanting to get involved. People may feel that Bitcoin or Litecoin may be a better purchase.
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Time to buy @legendzen
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What did you do? :D
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Welcome to Steemit!
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Cheers mate!
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I think this big downgrade is ending with HUGE PUMP ... Just wait :)
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Are you buying more?
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I have a few guesses. The bitcoin Segwit coming Aug 1st could cause concern. There are a lot of ICOs coming and people are making a lot of money from them. People could be skimming say 10% from gains to play the ICO game. Also, quiet week for news on war or N Korea shooting missiles, etc. Part of the rise in cryptos is from China, Korea and Japan trying to protect wealth. I really have no idea, but if bitcoin goes smoothly on Aug 1st then maybe we get upward momentum again. Following you now.
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So what do you think are the do's and dont's in this situation?
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