Will Ethereum Crash .... Again?
One burning question on the back of everyone's minds is if Ethereum will Crash again. Today we explore what are the factors that led to the Ethereum Crash (27th June) - both the immediate reasons and the long term problems.
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Great video as always
This is a great video. There were no doubt many factors involved in the slide, but as pointed out, ETH rose very fast and there had to be a pullback.
My guess is that the rise in ETH price is due to big buyer in the market preparing themselves for ICO that runs on the ETH blockchain.
The price dropped because some of the ICO sponsors started to unload the ETH they collected, though some said they were holding until the ETH price climbed again. The cycle will be repeated and in the long run the trend is up and I feel it is the era of blockchain technology and especially for those running on the ETH network.
Lately I came to the conclustion that cryptocurrencies are so unpredictable that we can only quess.
Good job with the video :)
I humbly believe most cryptocurrencies will experience several more crashes before they eventually stabilize. As the world awakens to their existence, value, portability, and overall goodness, there will be a large upswing followed by deliberate government interventions and scare tactics to manipulate prices and maintain control over their sheeple. This will be a rollercoaster ride that some will not be tall enough to experience so strap in tight, here we goooooo....
An excellent video. Yours are my favorite crypto video. There are certainly many factors at play here. I don't really think the flash crash and the death rumors are the main factors. The exchanges have been unable to handle the volume of trading. The uncertainty of how Bitcoin will handle SegWit has negative effects on all of crypto. And people are short selling, cutting losses, or cashing in on gains. I still think Ethereum will reach 500 by the end of the year. The release of Metropolis will help.
Boxmining! As usual, you have made a compelling and wise point! Thank you for that
This is definately on everyone's mind! Thank you.
Excellent video and well thought out!
I would very much like to hear your comments on Ivanli's recent post concerning ETH "ice age"
SEE: https://steemit.com/ethereum/@ivanli/ethereum-ice-age-possible-chain-split-with-pos-programmer-explains
it got delayed because they are still programming casper
Don't wish that voodoo on me @boxmining ! Haha
It will crack 500 by the end off July.
I would love if you had a reason for that haha!
The # sign tells it all hahaha