Quote from: ChillyMatthew on October 13, 2022, 04:51:57 PM

Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.

Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.

Why hasn't this had a beneficial effect on the price of ETH?

Original source:

https://twitter.com/thetokenist/status/1580532690360872961

https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/

Markets have inertia, just because a good news comes up this is not going to change the way people feel about an asset or a whole market in an immediate way.

So this is a process which takes time and you will need to wait for the positive news of the ethereum network to be reflected in its price, how long should you wait? At least a few years if you ask me, as there are many indicators which point out to the markets being in a bad shape and we do not know when things will improve.