Date- June 13'2017
Day - Tuesday
Time- Happy Hours
Ethereum was skyrocketing!! How else do you explain the pinnacle of its all time graph.
Date -June 15'2017
Day- Thursday
Time - Unfavourable
The growth is halted. It is rocketing downwards now.
Why did this happen??
- Coinbase Outage
For those who are unaware about coinbase - wikipedia says - Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin , Ethereum , Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
This outage has lead to panic selling.
- Ethereum's correction was long due
After ralling over 2,700 percent this year, ethereum was due for a correction to the tune of 38 percent, according to one analyst.
His predictions stand true. But they are not of much concern as corrections are symptoms of overbuying in the space.
What to do now??
Holding is the name of the game. Embrace the corrections and wait for booms to come. There are reasons as to why clinging to this investment will be beneficial. Ethereum is not very old in the system. It is just 2 years since it started. Check out what Bitcoin was doing for the first two years of its life.
The price of ethereum can be bolstered by any positive major developments with the EEA (Enterprise Ethereum Alliance) whose cooperating members currently include Microsoft, JPMC, Intel, UBS, Accenture, and the list is only growing. The EEA needs to demonstrate utility with DApps, which go beyond current R&D stage projects in the application layer. The quality and quantity of devs will certainly influence how soon their objectives are met to deliver configurable consensus, privacy controls, and rules based access control to assign permissions and constraints.
There is much more that is coming up in Ethereum. So stay tuned and be calm for the investments you have made. They will surely have a bright future.
Informative :)
thanks and don't worry about your investment. Think about long term gains
did you like the title? i thought a lot and came up with this one.
Surely
Great one indeed :P
upvote this one as well :
https://steemit.com/currency/@sid31031992/indian-currency-bill-with-number-ending-with-holy-number-786-for-sale
done
Hold the Ethereum!!!