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RE: Why is ETH Crashing!? - The Simple Truth

in #cryptocurrency6 years ago

You didn't mention what happened to Augur. Augur generated $700,000 and liquidated it immediately. Why? Because that money is supposed to be used for development, not gambling.

This didn't stop them from receiving scrutiny because if they would have held they would of had a billion dollars. Other ICO projects saw this and they gambled much more heavily with their funds than they otherwise would have. The chickens have come home to roost on that front.

But yeah Ethereum went x140, It's amazing that it's still x18 from that moment.

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