June 26 - The crash of the crypto currencies

in #ethereum7 years ago (edited)

The crash of the currencies

This is quite an crazy day today in terms of market drop. We have quite a lot of double-digit drops around the board and there's just a lot. The market cap is all the way back to 101 billion dollars so we probably lost around 8 billion dollars in market cap.

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#FUD

There is a lot of fear, uncertainty and doubt in the market. This is not your normal slide; this is a little bit more special. Earlier when we had a double-digit drop, there was you know this epic epic rise to the top and then a drop.

This time it is one word of the calm and then a slight drop. A little calm and a little bit of a dip. It seems like a little bit of a change in the pattern and people are freaking out.

Ethereum falls, just falls!

The biggest losers today are of course etherium. Not only Etherium bt also Etherium Classic is also dropping, despite rising 10% yesterday. It's a new currency; people don't really understand it as much so it's taking a bigger loss, but so a lot of other coins.

The death of Vitalik Buterin

It's kind of interesting because I was reading the news and there was this hypothesis hopping around the Internet that Vitalik Buterin is dead. There's just so much fear being spread around the market and people who are trying to manipulate the market are using every sort of means necessary to spread fear so that made me chuckle.

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Vitalik actually posted a image of himself on Twitter with the latest block number. This is an ingenious way of proving that you are life instead of holding a newspaper and say this is today' say I'm alive and he hauled up the current block number.