“If you put a 20-, 50 -, or 100-times your money on a crypto investment, there would be no error, 10%, 20% or even 30% to sell your Position.”
This view of Fred Wilson, of the “famous” billionaire, Venture Capitalist and Ethereum-Backer on 8 expressed. January 2018 – the day of the ETH 1,100 $ 1,300 $ is increased.
Shortly after that, the price crashed to about $ 200, but recovered again to $ 1,400 a – only to fall and to fall, so that even the spring-summer mini-bull run could not tear off the price really. In contrast to Bitcoin.
At ETH seems to be a lot wrong. The hideous communication of the Ethereum Foundation (EF), which has apparently sold more than 100 million dollars at the top, is one of them.
The sudden crash of an upgrade, which should be done within a few days, also – not least because this Upgrade was not what is today referred to as the “Finality Gadget”. This means that decentralized control points of the ETH-Proof-of-Work Chain by a Staking-Smart-Contract.
Worse still, the relentless Dumping by projects that had taken with Initial Coin Offerings (ICOs) billions of amounts of ETH, but maybe.
The ETHs 2015 Version of dealers who sell Bitcoin. After a lot of effort to convince them to accept crypto in General, made the escape to the dealer from the volatility by Insta-conversion to Fiat themselves a source of volatility. So Bitcoiners turned under the HODL Banner against you.
ETH enthusiasts also turned against ICOs and the SEC gave even coverage. That’s not enough. The initial panic probably started with the confession of Litecoin-founder Charlie Lee, that he had sold all his LTC on the all-time high in December 2017. Since Litecoin was $ 400 value, now $ 40.
Vitalik should have sold ETH for 22 million
Also Vitalik Buterin himself is said to have sold ETH in the value of 22 million dollars. It is Riccardo Spagni of Monero, the 20 follows. December 2017 indicated to have no Monero stocks more.
Then the crypto came suddenly to view ban Google, Facebook and the like permitted all no crypto map more. Visa, Mastercard and co. also prohibited the purchase of crypto with credit cards. In retrospect, it seems everything may not happen.
Sure, most of the crypto-currencies went so fast through the ceiling that they had to eventually fall. The almost perfect Timing of the Sell-offs, all of these crypto-founder suggests that they were a direct cause for the Mood – and maybe even for the brutal speed of the crypto-prices have fallen.