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.
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.
No, Vitalik Buterin not died, this just is fake news from news on tabloid to attack mind user ETH and people not have knowledge and information to know this is really news or fake!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.
ETH dropping down just by some ICOs project starting selling ETH from crowd sales and all market at now are bearish trend in summer. Remember in summer not good time to buying, "Sell in may and go away" still exist for remind all people invest in summer can death and loss your funds
Anyways, I think Ether price drop isn't just because of that fake news. It seems to be started with that but now seems that there's a panic selling, not only in Ether but even alts. Some people are securing fiat money maybe because of August event
I find it hard to believe that fake news is responsible for this type of drop. All cryptos that have been speculated and pumped up hard over the past few months has flipped around and the confidence has decreased. Ethereum isn't alone in this...they've all taken a bit of a dive lately.