After seeing how incredibly shaky ether can be i gotta say, i feel that the only surefire long term bet is bitcoin. Even WITH the impending..........something that's going to happen 8/1. Whether it's a hard fork or a soft fork, idk.
I'm just so surprised the number 2 coin could be crashed so easily and the second time was a hoax about the inventors death????
That makes ether look weak. Which causes less confidence. I am new to this, about $9,000 total invested in the last 4 weeks. I didn't "panic sell" like i saw a lot of other noobs doing. There are situations when you do cut your losses but this wasn't a time for that. As far as btc and eth are concerned. Give em time. I hope ether comes way up again past 350 but it is seeming to be less and less likely. Who knows! Not me haha
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Eth didn't crash Only because of the Hoax, crashed because of 2 more things..
Status ICO - network congested, wallet went to maintenance, people could not transfer it - so People opted to sell Eth and transfer in form of other coins
ICO's Dumping - ICO's are slowly unloading the massive Eth they got. People are throwing Eth at ICO's and ICO's are Eating all they can. Sooner or later they have to Unload.