What happened to ethereum?

in #ethereum • 7 years ago

ICO, or Initial Coin Offering, Gone Very Wrong.

The crash appears to have been catalyzed by a seller submitting a market order to dump roughly $30 million worth of ETH (96.1k) in one go, which obliterated the order book. In summary, it’s because of badly designed ICOs, plus selfish and foolish miners = major delays and maybe even substantial losses for everyone else.

I lost a good chunk of my Ethereum as they were sold at about 10 cents each. Losing thousands of dollars in seconds. Im taking a break from the crypto market and I will just stick to mining the coins.

I imagine you saw the message that GDAX issued saying that they would cover losses.

#eth #crypto #cryptocurrency
7 years ago in #ethereum by
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    STEEM 0.23
    TRX 0.21
    JST 0.035
    BTC 98664.10
    ETH 3346.86
    USDT 1.00
    SBD 3.16