The recent ethereum price crash, and the following surge.steemCreated with Sketch.

in #ethereum7 years ago

The ethereum fluctuations

With the recent price crash, a lot of people became scared of losing their money, and started selling off their ether, resulting in a massive price drop of about 30%, which surprised a lot of people.

Etherpic.png

As you probably know, the drop was a result of more supply than demand, on an exchange(GDAX) that offered automatic selling if a price dropped below a certain point.

However even after all of this drama throughout the recent days, ether still managed to take a large leap towards recovery, and that is exactly why, i don't recommend people to sell their ether yet.

Im certainly no expert, and there are of course a lot of people that are more knowledgeable than me regarding this currency, but i would say that #ethereum is here to stay, because of the groundbreaking concept and function of the currency.

ETHEREUM-YOUTUBE-PROFILE-PIC (1).png
Image source: https://upload.wikimedia.org/wikipedia/

I still think that we should expect more of these crashes in the future, and because of this it is important, that people know the risk, and what they are getting themselves into, when they are buying into any cryptocurrency for that matter.
Always remember to research the coin before making an investment or trade.

One could say that this is a reverse bubble, which makes the price go down, instead of up, and then go back to the original price or around that afterwards.

So, to sum it all up, i don't personally think people should be afraid, because the coin is probably going up in price again.

Sort:  

Crypto is by definition a small market without circuit breakers. If price goes down, there are no limits and price swings exceeding 50% aren't an exception, especially in relation to small coins or coins that have experienced a major rise before a big dump.

I expect volatility to become less the bigger a market becomes and the more spread out the tokens become. In that respect, we still have a long way to go.

Yeah, there is definitely no doubt that we will see this kind of thing again.

Congratulations @sparkyknight! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @sparkyknight! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 96240.27
ETH 3591.45
USDT 1.00
SBD 3.91