Yesterday, false news about the alleged death of Vitalik Buterin (co-founder of Ethereum), was divulgated by the media. This has created panic among investors who have also flooded many forums with this fake news.
Despite the news being denied almost immediately, the collapse was inevitable: panic caused huge sales of the coin, which led to a collapse of its value from $ 300 to $ 260.
In addition, ethereum is also experiencing scalability problems due to its "low" computational power. The team is confident about solving this issue by harnessing another distributed network that would conduct and verify computation, while disagreements would be settled on the ethereum blockchain.
To date, despite the news of Vitalik Buterin's death has been denied and Ethereum's team solving some internal issues, the price is still falling. Is it a good time to buy in?
Do you think that is something will happen to him no body will take controle to ethereum ? ☺ funny, I am sure that he has his big team of programmers, so ethereum will not be gone just like this ☺
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Agreed. Yet many investors would experience fear and start panic selling (just like it happened now, and it wasn't even real). Rumors have a huge impact in economics and investing strategies.
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There really are some nasty people out there arn't there?!
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You said it!
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Crazy how fake news has the ability to affect the price of a coin. This can be bad because we can see news being manipulated on social media to the pint where people will believe it is real, this can really affect the market lol
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Exactly.. Less experienced people just fall for them before doing some research themselves. At the end of the day I believe ethereum is strong so hopefully we'll think back at this and laugh about it.
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