Wow! I have seen Ethereum dropped by 30-45% before last month, but this is the first time I have seen it flash crashed down to $13.
Furthermore, it is another example of how volatile the cryptocurrency markets can be. The move was so bad that Coinbase has decided to disable trading of the ETH.
Apparently, the cause of the crash was created by Status poorly designed ICO. Status ICO clogged up the network yesterday with a huge number of high gas fee transactions.
Does that mean Ethereum will eventually head up back to it all time high or pull back even harder?
http://www.businessinsider.com/ethereum-price-flash-crash-2017-6
wait! what?
what does that even mean? newbie.
so what happens to ethereum on coinbase?!
I think it's a technical problem on Coinbase / GDAX website. Either they can't handle the heavy volume or it was a denial of service attack.
Geezus!!! That is alarming and concerning :(
Actually, I just found out it was caused by a poorly design ICO by Status. A huge number of transactions clogged up the network.
How long was it down for?
I heard Coinbase was shut down for about 2-3 hours.
That's crazy that would have been a steal I'd anybody bought some at 13. Did you buy any when it dipped??
Nah. I ran out of money. Hopefully, next time.
Oh man you can't miss it next time brother let me know if it hits 13 again.🙏