Sudden attack on Ethereum

in steemit •  8 years ago 

Does anybuddy know why suddenly Ether is dying?

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  ·  8 years ago (edited)

Is ether dying? I didn't know.

One thing I do know is that one of the reasons the ether value has been growing so much over the last month of so, due to belief that Ethereum may overtake Bitcoin as the number one crypto currency. Bitcoin may fail keeping it's position due to capacity problems. The ether value dropped significantly when it became very obvious that the Ethereum network also have scaling problems and capacity issues.

I guess some people brought when was low and now they want to cash out some money. 50% profit is good in 24 hours, isn't it?

Well, yeah but I missed that chance of "Buying the dip" as I am a newbie in this field of cryptocurrencies.
I thought Ether would never come back.

It's just a market correction

so do u think it will move up and cross 350 within 2-3 days or move down below 250 again ?

Say it with me... VOLATILITY