Ethereum Drops To $13.00
For those of you worried about Ethereum, don't be as although it has dropped, it is still relatively high in price. Earlier today, the price of Ethereum dropped to $13.00 as the ethereum network was being clogged by transactions, many exchanges suspended Ethereum and Ethereum token transactions.... And even with this, there was a big backlog causing the price momentarily to drop.
I'm not a financial adviser, so take this at face value, but I personally think the price might go down a little bit more then pop back up. What do you think? Let me know below
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*Props to the lucky few who got it at $13.00
I personally like bitcoin more, as there is a maximum supply of 21 million coins.
Is there a hard maximum of ETH tokens that can be mined?
As far as I now there is no cap, but this can change when they will switch to Proof of Stake.
For me inflation is a very important criteria.
Guys this is real right now go on coinbase! Buys and Sells Offline
Coinbase.com buys and sells are offline while we work to bring the site back online for all customers. This all happened on coinbase today someone turned in a $30 million sell at market and thats where it went on coinbase!
Actually it is more severe then they are saying. Looks to me low was $.10 on GDAX
Wow!!
That drop was very strange. I saw It was dropping but I didn't know that it had dropped to that low level. I wonder if anyone had the opportunity to buy at such low price... if if someone did, he/she is very lucky.
It was because someone sold 8000 ETH below market value or for whatever reason. OOPS.
Sad to see the drop. Hopefully Etherium will bounce back. It is so good to see they're going up chasing Bitcoin. Go go!
It happened on coinbase all other exchanges are fine
I should wait to buy when price drop below 300 $
meep
13 dollars?? Seriously? Imagine if you bought it at that point..
Yeah today's low was $284 not $13... A considerable drop none the less - it was high near $365 a day ago.
No offence but you should recheck your work here.. it's miss leading.
It is true just because it didn't happen on poloniex doesn't mean it didn't happen. A guy turned in a $30 million sell order at market price on coinbase and that is where it took the price. If you go on coinbase they are still closed hours after!
So you're going to imply that I used Poloniex as my source ? Maybe if the author put up a full chart and source... We wouldn't be having this debate. Anyhow I guess this post served it's purpose...
Actually it is more severe then they are saying. Looks to me low was $.10 on GDAX
He's right. It was 13$ on Gdax/coinbase
i thought the same thing i check the charts on a couple of exchanges and never saw it anywhere near 13.00
I've looked all over the exchanges and have seen no graph showing this drop, ethereum's price is down but nowhere near that much.
You can't trade on Gdax/coinbase because of this issue. That's where it happened, other exchanges are fine
Ok, but the price didn't go down, it was a bottle neck, and trading just stopped.