Hello everyone. These last weeks have been a heart attack for people handling digital coins. And the great doubt has arisen of what is what really happens in these last days ?. Because for me it is a strange thing that after important news as was announced by Vitalik Buterin (Great interest of Russia and the acceptance to invest in the etherum immediately by the Russians). The next day finds a brutal crash, only by a false news that indicated the death of the creator of the crypto currency. However, the problem does not end there. Because as this currency has presented a terrible instability all the currencies of its environment (BTC, ETC, LTC) have also added to the instability of the market.
In my point of view, people fear for their money because Russia is going to venture into the business.
What do you think? Do you think this is the real reason for the crash? Or is it due to the current disinformation?
I don't think that is the reason.... ICOs are keeping up, but the value is now going up and down and in general is not changing too much... All the FOMO is generated from the big rush in the past 6 months, majority of traders are rich because we all saw our dollars transformed in hundreds.... now, considering value is stable, therefore less profits, but ICOs are keeping coming, people needs to liquidate those ETH and move them into other coins...
It is a 5 minutes theory and most likely I'm totally wrong, but I'm having issues to believe the problem is the Russians' news.