I'm seeing a lot of people asking about the prices of all the coins, and why they're down trending. Was it the hardfork? Was it status ICO? Was it because it's 120 degrees F in Arizona? Well, let's go over a few things that happened in the last couple of days.
A lot of different factors would contribute to what we're seeing in the bitcoin world, let's look at a few:
Ethereum block chain is dealing with major disruptions caused by ICOs
Bitcoin has been fluctuating, but has been staying relatively steady.
Steemit's hardfork brought a lot of attention to Steemit, and with attention comes investment. You buy on rumors, you sell on news.
Coinbase.com has been down for a while. This is a major exchange in USA.
GDAD dumped ETH to $40, but immediately rebounded.
There are other factors always, but notably, the hardfork alone did not cause an entire downtrend for the cryptocommunity. PS - watch your steemit price slowly go back up, just don't trade it ... HODL.
Thanks for reading!
@thovre
I'm quite new to the cryptocurrency world, but I'm not too worried. I even got a load last week. I've been doing a lot of research, and the guys at DGB are making a lot of positive connections, Mastercard being one of them. Stay strong and hodl on for dear life.
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Nice explanation :)
Do you really think that the Status ICO has such a impact on the ETH blockchain?
I'm waiting like 20 hours for the exchange in iconomi... so pissed of because of that(nice amount that i bought)...iconomi rising
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I'm just happy I haven't been holding ethereum, I've been holding other coins, but they're all on the Ethereum blockchain still :(
I hope your transaction goes through soon!
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Thank you...
The most ETH i bought was in February, i can't complain :)
The only mess i made was buying Digibyte but still holding.
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Good post
Buddy the correction is in market
It will soon take rally
It surges
Technical Analysis is key for financial markets prediction
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Technical analysis, and most importantly, NEVER PANIC! Or fomo; fear of missing out, as there will always be another opportunity!
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