One burning question on the back of everyone's minds is if Ethereum will Crash again. Today we explore what are the factors that led to the Ethereum Crash (27th June) - both the immediate reasons and the long term problems.
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Great video as always
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This is a great video. There were no doubt many factors involved in the slide, but as pointed out, ETH rose very fast and there had to be a pullback.
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My guess is that the rise in ETH price is due to big buyer in the market preparing themselves for ICO that runs on the ETH blockchain.
The price dropped because some of the ICO sponsors started to unload the ETH they collected, though some said they were holding until the ETH price climbed again. The cycle will be repeated and in the long run the trend is up and I feel it is the era of blockchain technology and especially for those running on the ETH network.
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Lately I came to the conclustion that cryptocurrencies are so unpredictable that we can only quess.
Good job with the video :)
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I humbly believe most cryptocurrencies will experience several more crashes before they eventually stabilize. As the world awakens to their existence, value, portability, and overall goodness, there will be a large upswing followed by deliberate government interventions and scare tactics to manipulate prices and maintain control over their sheeple. This will be a rollercoaster ride that some will not be tall enough to experience so strap in tight, here we goooooo....
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An excellent video. Yours are my favorite crypto video. There are certainly many factors at play here. I don't really think the flash crash and the death rumors are the main factors. The exchanges have been unable to handle the volume of trading. The uncertainty of how Bitcoin will handle SegWit has negative effects on all of crypto. And people are short selling, cutting losses, or cashing in on gains. I still think Ethereum will reach 500 by the end of the year. The release of Metropolis will help.
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Boxmining! As usual, you have made a compelling and wise point! Thank you for that
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This is definately on everyone's mind! Thank you.
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Excellent video and well thought out!
I would very much like to hear your comments on Ivanli's recent post concerning ETH "ice age"
SEE: https://steemit.com/ethereum/@ivanli/ethereum-ice-age-possible-chain-split-with-pos-programmer-explains
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it got delayed because they are still programming casper
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Don't wish that voodoo on me @boxmining ! Haha
It will crack 500 by the end off July.
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I would love if you had a reason for that haha!
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The # sign tells it all hahaha
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I'm sure it will crash again and then go even higher...then crash...then go higher
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very much enjoy your input and content. Appreciate all the hard work you put in, watch alot of your stuff on youtube but now that ive found you on here i will follow and upvote. please follow @drogs
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Haha classic 4chan, still keeping the trolling up.
Trinngering massive stop losses is normal you can se it often when it goes down.
Was just bad slippage not gdax fault.
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nice variety of viewpoints on what causes etherium to have a retracement.
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As usual, straight forward information, well organized, concise. The uncertainty in this market makes it undesirable for short-term investment of funds that may be needed at any time. However, the long-term potential is enormous if you can invest and hold.
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This post has been ranked within the top 50 most undervalued posts in the first half of Jun 30. We estimate that this post is undervalued by $31.50 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 30 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Great video! but did you think of the "Metcalfe’s Law" effect? This can be the case as well right? explained here:https://steemit.com/cryptocurrency/@chanceb/with-this-effect-bitcoin-and-ethereum-can-rise-with-1-000-again
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Can't really speak of a crash. Just some sideway movement until after segwit gets implemented. First BTC will go 3000+ and ETH will follow a bit later.
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Resteemed. Such a great video because you're a real voice of reason in amongst all the emotional and hypey rubbish that's out there. Thanks @boxmining
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