What happened to Ethereum anyways? This is an image of the price in a 12 hour timeline:
https://image.prntscr.com/image/Zj8ZQB-dTAu2Tu1Xy8DUNA.png
At $220 now, what even happened? At first when ETH took the market by storm, I was quite shocked to see an uprising crypto like this, and many started talking about ETH. Now that I started to learn more about it, this happens... not sure now, I would keep a safe distance for now and give it more time and patience.
Do you think it is a good time to buy now?
What happened was that a rumour circulated that the founder of Ether, Vitalik Buterin died in a car accident. All their investors panicked then the value dropped. I still think it was one of their competitors that created this fake news story. https://image.prntscr.com/image/Zj8ZQB-dTAu2Tu1Xy8DUNA.png
At $220 now, what even happened? At first when ETH took the market by storm, I was quite shocked to see an uprising crypto like this, and many started talking about ETH. Now that I started to learn more about it, this happens... not sure now, I would keep a safe distance for now and give it more time and patience.
Do you think it is a good time to buy now?
I don't think its a good idea to invest in Ether right now. Perhaps it is more stable now but I would still not suggest it. And plus, there's so many new and exciting ICO's taking place. Some of them have real potential so why no broaden your mind, do some research and invest in those. Who know's what you could get out of it. Just a thought
Hope that helps.