how can ETH, which was supposed to be a "stable" coin
ETH as a stable coin? it is not a stable coin, USDT is.
I assume he meant "stable" in the sense that high-cap coins are less volatile than low-cap coins, which is true. But I would always expect ETH to be more volatile in both directions than BTC.....I've been using it as one of my gauges for overall altcoin sentiment for the past couple years.
Anyway, 85% is nothing out of the ordinary for an altcoin. Bitcoin has had bigger drops from its ATH in the past. 2014 was slightly worse than that.
I wonder why this hasn't been moved to Altcoin's.
It seemed to recovered a bit today if that's what he meant about calling it as a stable coin. Like what we call about bitcoin as stable than the rest. I agree that bitcoin had bigger drop than this and its just a normal drop since we get used to it.