HI there,
Well the crypto markets are in a free fall right now and nothing is really stable at the moment, this is not due to a bubble!. HOWEVER don't panic, given the recent boost of investment to the crypto-currencies in the last 5-8 months of new comers and outsider influence affecting Ethereum ( which i said i didn't like due to its connects with Jamie Dimon of JP Morgan backing Ethereum! mentioned in my other crypto blog: Ripple vs Ethereum is this blog taboo).
What we are seeing is a normal shift and correction in the crypto market as any other market after a rally. The outside markets are also having drops, Cash currencies, Nasdaq, S&P etc. Oil has dropped massively for some time. Corrections happen and are normal, because they clear out the bugs n bullshit, and overvalued investment listing are corrected. I personally still think Ethereum could go much lower before it settles on new floor value (maybe $120- 160?) no proof just a gut feeling. But all in all what we are seeing is how a real and uninterrupted market behaves to massive investments and pump in's (from Constant ICO's) over a short time. Everyone has to step back for a breathe from the crazy shit and when we all try to re-evaluate true value coin its difficult to draw conclusions until we see and observe.
So i only wish to offer some encouragement, perhaps this will all settle down by monday and then a change of direction may occur, or it could continue to mid July -August.. NOBODY KNOWS... NOBODY so be wary of what advice you take and who you think you should follow! because this correction is pretty big and matches the recent incline in crypto investment. I would say sit tight, very shortly it will be a great time to buy again as things settle and off we will all go. Im just deciding what to spend a few bits in right now, just waiting for the slide to dry up a little.
Be encouraged, its bargain buy time very shortly!
