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.
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
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!
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.
Good post
Buddy the correction is in market
It will soon take rally
It surges
Technical Analysis is key for financial markets prediction
Technical analysis, and most importantly, NEVER PANIC! Or fomo; fear of missing out, as there will always be another opportunity!