Why is Ethereum’s price going down?
What is a 'Correction'
“A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either.”
It goes down, then it goes up, then it goes down, then it goes up but it’s growing in general. It grows from 350 to 360, then falls to 355. Then grows from 355 to 365, falls to 360 etc. Just as an example.
Stop panicking over corrections. Seriously, this is so silly. People dropped bitcoin price on $200 for couple hours because coinbase didn’t work for an hour or so.
People have zero patience. I do understand that people want to make fast cash, NOW, playing short buy/sell games, but I invest in long term.
I moved my bitcoin to ETH minutes before the crash on Monday... I know ETH will fluctuate before going up again and that's healthy. I am boycotting bitcoin until they solve the scaling issue. I think we should boycott bitcoin and send miners and developers a strong message by using ETH as a buy in currency... instead of bitcoin
Good points in this article. Interesting to see I'm not the only one that is thinking about this. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago An interesting website I found: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. On: https://www.coincheckup.com/coins/Ethereum#analysis To see the: Ethereum Indepth analysis