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RE: One major lesson learned form recent crash of ETH and fake news of Buterin's death.

in #ethereum7 years ago

Ethereum price crash was not related to the fake news. All cryptos were down, just some more than others. Ethereum in particular was partially because of impatient speculators who only bought in to make a quick buck but did not hear any news (such as the impending EEA3 announcement) for a couple of weeks.

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Yeah but as I said there was speculation on the fake news having an impact, that is my point. I feel the crash happened for many reasons, most currencies were down but not as much as ETH dropped. I think ETH is overvalued and is due another crash soon if not right now to bring it down to it's real value. I think that value is about $150 - $170. A similar thing happened to BTC last year when it crashed from $1500 to $600.