The $70 dip today
Ethereum is currently having scalability issues due to an extremely badly designed ICO (which has been warned about this happening) . The ICO I'm talking about is Status , an open source mobile DApp browser and messenger built for ethereum.
Status has been warned about this happening for some time now. Due to the huge ammount of traffic to this ICO, THIS HAS HAPPENED!
ETH trades today have gone up to 300,000 trades, an all-time high!
I believe this is just to see how early eth technology is.I expect the price to recover, one might even consider this a decent investment opportunity. For anyone getting in at that $70 dip, I gotta say, damn, you were lucky!
The positive side, time to buy more Ether.
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Gotta agree - the status ICO was a disaster waiting to happen
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It dipped as low as $13. I don’t think it had anything to do with the ICO. Someone sold over $30 million worth of ETH at market price.
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Yeah I heard that too. I thought it was Status cashing out though
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