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RE: It's carnage out there in crypto land! What's going on?

in #cryptocurrency7 years ago

I think if you are investing in this space there is just no getting away from the massive amount of volatility that comes with it. These type of corrections have been buying opportunities in the past 4 years with Bitcoin and this is nothing new. The amount of money being tossed at Ethereum and projects on the platform is astonishing and it has bogged down the network exposing some inefficiencies that Ethereum currently has. Not to mention the ICO founders are certainly converting a lot of Ether to fiat in order to cover costs and take profits, that is going to put more selling pressure on the currency. Overall it is just a bit of chaos in the environment.