The instable nature of altcoins, and their various exchanges (Poloniex , Coinbase et al), was exposed today as all coins are in the red leading to loss in Billions of USD. Worringlly, last week, the price of Ethereum (ETH) fell from over $317 to touch a ‘spike-low’ of just $0.10, on the GDAX exchange due to an investors seeling huge amount of his investment in Etherium.
What caused todays free fall for all altcoins can be argued and shows the precarious nature of altcoins. However some big investors are taking advantage of the recent free fall, will you? Are most altcoins just a big financial scam?: shit coins!!!
This is a serious limitations with altcoins because of the volatility nature and its (sometimes) dependency on movements in the market, news and huge investors decisions.
Sourec: https://coinmarketcap.com/
Is it time to buy more steem and power up? I think so...I just paused this post and bought steem and powered up because I believe in this project... -win win strategy for all.
What do you think? will you take advantage of this free fall and buy more altcoins especially steem? or will you pack and run?send in your comments, Pls resteem, upvote and follow me.
Also read : Will Etherium Fail due to its Scaling Issue?
https://steemit.com/etherium/@charles1/will-etherium-fail-due-to-its-scaling-issue