Quote from: Zero1One0 on December 10, 2018, 02:03:33 AM

Quote from: siruiiuris on December 09, 2018, 08:53:55 PM

Can anyone explain why Ethereum is kissing the floor?

Just a brutal bear market. Plus those who did ICO's are also selling eth they got as their holdings relative to USD is shrinking.
If eth goes lower, do does their funding from ICO.
It's just a cycle.

Time has shown how incredibly uneducated most of the CFO's of the companies doing ICO's really are. If you were the CFO of a traditional firm you would be cognizant of the Foreign Exchange risk if your Balance sheet was mostly in Euro's and your expenses were in Dollars. That they sat with most of their balance sheet in ETH when they would need Fiat to fund their operation is incredibly negligent given the historic volatility of cryptocurrency.