I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself. does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.
I think because of two main reasons:
- The Miner: we don't know how about the max supply of ETH, and it still mineable. Miners need cash out their ETH for maintaining their mining rig.
- ICOs: yes, almost ETH belong to them. A project needs the fiat money for their development after ICO, then they will dump their collected ETH.