Folks, Ethereum is crashing today again. What is going on? It has crashed from a high of $417 to now at $234 - a staggering 43% drop.
I just loaded up on some but am wondering if I am doing the right thing. The volume is very high.
Any insights that you may have will be appreciated. It just can't be because of EOS ICO.
@ajain you can refer this news.
https://steemit.com/cryptocurrency/@coffeelovers/is-co-founders-death-rumours-causing-short-term-pressure-on-ethereum-price
This news may have built the pressure on prices
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Buying opportunity for the ones who are smart enough to jump in. JMO.
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I bought some today and some yesterday. Wonder if they want to take it down to $138 level. That was the flash crash print.
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Great... Help, how do i invest on ethereum?
Please help. Thank
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You can create an online exchange and buy ethereum. Once you have an online exchange you can transfer the Ethereum tokens to your hardware or paper wallet. I use Gemini exchange (gemini.com) but there are over 50 exchanges out there. All exchanges don't operate in all the countries and have their own quirkiness. If you are new to Cryptos, then some education is advised...it is a dangerous game.
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Thanks boss
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I would say this is the best time to buy Ethereum. Definitely going to make a killing.
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I don't know, but I just bought a few.
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The market cap of all cryptos has dropped by $2B since this morning. It now stands at $98 Billion.
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Probably a very large sell off that compromised ETH price temporarily (like the same thing that happened a week or 2 ago). I doubt it's anything to worry about.
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Why would people sell off. I mean the geopolitical uncertainties is not decreasing. Is it possible that the unnatural rise in the value during the beginning of the month was heavy buying by bankers for the sole purpose of creating high volatility just like they do it in precious metal? So the cryptos are getting into the grip of manipulation as well? This is sad, if true.
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I'm just speculating on this particular case involving Ethereum, I don't actually know. But that's what made the price tank last week - one individual sold all of theirs at once and the price dropped, but only temporarily.
Investors switch their positions all the time, it's how they make money. Even if Ethereum looks promising for the future, someone may have needed the capital that was tied up in it so they liquidated in order to take a new position/opportunity.
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Could be true but looking at the value of transaction (price and volume required by the buyer), it has to exceed over $500 million before all the limit orders were filled. Let's see what happens by EOD today. EOS would have launched by then.
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I'll definitely be keeping an eye on it. Thanks for the updates!
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It could be some kind of market manipulation like in de silver and gold markets. It would not surprise me.
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Wait and watch @ajain No hurries. Give it years (not days, not months, years!) and it will give you back ;)
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