Ether to Blame for Bitcoin’s Decline?
Bitcoin has undergone a bit of a blunder and fallen by $10 since our last price piece. At press time, the currency is hovering at around $440, and some are feeling a bit nervous all over again. As the bitcoin price falls, many are wondering: is Ether to blame?
http://www.bitcoinist.net/bitcoin-price-falls-ether-to-blame/This is the clearest warning, this article can give to buyers : “
As soon as people are able to transfer out of DAO tokens, the Ether price will drop,” says Joseph Lee of bitcoin trading platform
Magnr. “People would want to cash out. The price has been rising rapidly.” The ETH pump will be followed by a huge dump, and there are going to be a lot of bagholders out there, once this
is done. It all started with a huge hype marketting drive.. mass PM spamming on Reddit and now they have a major company backing them. I see some tears for some people in the ETH future.
