Ethereum has been getting a lot of attention lately from the media and from certain countries like Russia who see it as a good business opportunity. But due to this increased attention, the Ethereum blockchain has been experiencing some massive hold ups. This decreased transaction speed has been leading to some scary price drops. Many websites, including Coinbase and GDAX, are experiencing many problems and are even having to stop transactions in Ethereum do to being unprepared for this large influx. Be prepared to wait if you are doing transactions in Ethereum.
The drop down to $13 (and lower) had nothing to do with the transaction problems. See what I wrote about it here:
https://steemit.com/ethereum/@ccampbell/my-theory-about-what-happened-on-coinbase-gdax-today
Thanks for that. I changed my post.
sad
No! you are thinking of it in the wrong way! This means that there is literally TOO MUCH attention on ethereum. This is great!
so this is the point to buy?
Well, if you can find a place that isn't down.
acctually i dont understand a shiet about currencies lol, im tryin and tryin but always losin money
Well maybe I'll write a guide about how to not lose your money :)
thank you very much! :D