WTH ! Why is ETH dropping like a rock?

[OverEasy]

What news did I miss? Was heading to the moon a few days ago....bye bye profits

[boatznhoes]

Thats how crypto goes. just wait it out.

[Tmdz]

Vitalik died, didn't you hear?

[BustyKuroNeko]

Vitalik died, didn't you hear?

No he didn't...

https://twitter.com/VitalikButerin/status/879127496024772610

He is very much alive, it's just fake news to cause panic

[newtybar]

Lot's of stuff added with the the snowball of panic selling from those new to the game (I am also relatively new, but was in it early enough to absorb a lot of this shock).

To me it looks like there's newly discovered scaling issues across two the main cryptos (BTC and ETH), which is causing FUD regarding the technology and bleeding into other Alts.

[go4crypto]

ETH has corrected down to $200 from its ~ $400 peak couple of weeks ago. Now bounced back to $245.
It may take a few weeks of sideways moves in $200- $400 range to complete the correction.

[wqqas]

What news did I miss? Was heading to the moon a few days ago....bye bye profits

I have tried my best to explain it here. Specially why ethereum.
https://bitcointalk.org/index.php?topic=1987291.0

[jpouza]

Thats how crypto goes. just wait it out.

Yeap, this is how it works, and the main thing is and will continue to be Bitcoin, ETH is under correction and as always, there are a lot of FUD around, specially talking about altcoins world.

[jono_t2000]

Because there was a large surge of ICOs and a whole heap of new Altcoins created. And like most crowdstarters/ICO's the majority of them fail. Now the developers of these coins are having to sell off to survive and taking everyones investments with them

[kadscuk]

Because there was a large surge of ICOs and a whole heap of new Altcoins created. And like most crowdstarters/ICO's the majority of them fail. Now the developers of these coins are having to sell off to survive and taking everyones investments with them

You put a smile on my face (added to my ignore list)

There should be an option to downvote the clowns on here

[thangoffshore]

Because there was a large surge of ICOs and a whole heap of new Altcoins created. And like most crowdstarters/ICO's the majority of them fail. Now the developers of these coins are having to sell off to survive and taking everyones investments with them

You put a smile on my face (added to my ignore list)

There should be an option to downvote the clowns on here

Ignore is enough, I think.

People can say whatever they want, but we are also able to shut them off completely, forever. Fair enough, isn't it?

P/S: This person has been added to my ignore list also.

[nasibakar]

Someone needs to cash some money,
I sm not that person.
I would actually catch it for PoS later,... HODL.

I am a Hodler and a collector,
I dont actually like ETH bit it is like keeping hen for the eggs,
So I ll catch ETH

[bobo012]

ICOs are cashing out. They want to secure some money into cash

[NaXxow]

Not only ETH is dumping, BTC, LTC and many altcoins experience it too. Though ETH suffer more, one reason is POLO disabled wallet deposit/withdrawals  due to ongoing network instability.

[carlisle1]

Not only ETH is dumping, BTC, LTC and many altcoins experience it too. Though ETH suffer more, one reason is POLO disabled wallet deposit/withdrawals  due to ongoing network instability.

that's right almost all coins have been struggling and falling I think time to buy more of your coins if you believe that there's a lots of chances to push up
again, but in the other hand its still best to keep assessing and keep testing the fall down before placing an entry.

[shuuk]

Some bigs cashing out the rest do panic sell
thats the game

dont sell hold !

[endaiin]

I don't know why, but i think this is a good time to buy Eth.