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RE: Why is ETH Crashing!? - The Simple Truth

in #cryptocurrency6 years ago

I guess you are right in this sense because this correction makes sense if we look at the ridiculous amounts of gains that ETH made in the 2017 period. In light of the same theory it makes sense that Bitcoins fell down a lot less since it fell from a much lower gain point.

Looking back this all makes sense in terms of a rough technical analysis. The fact that ICO projects are selling their ETH for expenses and people are cashing it out just became a logical reason for what was bound to happen sooner or later.

Obviously ETH is only one third the age of Bitcoin. These things will happen and in a few years we will all look back to this from beyond the one thousand dollar mark. Let us all just consider this a buying opportunity and do the intelligent thing by accumulating in this dip.