Can anyone shed some light on the recent drop in the price of Ethereum?
Would now be a good time to buy?
Is it going to drop more?
Does China have that much influence over cryptocurrency?
All thoughts are welcome and appreciated!
Can anyone shed some light on the recent drop in the price of Ethereum?
Would now be a good time to buy?
Is it going to drop more?
Does China have that much influence over cryptocurrency?
All thoughts are welcome and appreciated!
Market exuberance creates price surges, because sentiment sways one way overshooting to the upside, then selling commences and things can overshoot to the downside too. Something is only worth as much as people are willing to pay for it and typically pay don't know value, they only know "is it going up" or is it "going down".
Chin has pretty much surpassed the US in being the consumer nation, that said, Yes they do have that much influence. Ethereum is a solid crypto based on actual batter of 'goods' be they intellectual/content of physical labor, so anytime the price starts to did, I say "buy & HODL!"