Market is in Green Again
Finally we have a breather.. Ethereum finally recovered to $310+ Levels.
Market has been really choppy in fast few days and finally we have Green.
Great volume from Korean and Chinese Exchanges (Especially OKcoin.cn) - Korea & China are very hyped up about Ethereum and almost 33% of the volume is from there, so thats a Good sign.
The Ups & Downs are a good reminder that Crypto is still in it's Toddler Stage. A lot of the technology is still unproven, which is why it's still Very Volatile.
Crazy Mood swings of the market.
Till the technology matures, the Ups and Down will continue. A very good time to re-evaluate your portolio. Clean up some of those coins that don't have a solid technology behind them.
Make sure you are knowledgeable about the currencies, so you are not Vulnerable about FUD.
I think Ethereum is too much a powerful force to collapse completely, but will it take a hit? Maybe.
A hit is quite possible. The ICO investors need to be smarter and Not follow Sheeple.
I think it'll dive right back to 260usd and after that we'll see a surge again. I think the surges of 33% are unsustainable.
Spot on, Law of Averages. If It Goes Up Too Fast, It has to Retrace.
ETH will always recover, it's too powerful now to stop. Buy buy buy the dips!
With the Recent Network slow down, I would be wary of doing that.