Far more likely the last spike was tens of thousands of dentists, doctors, lawyers, golf pros, poster collectors, etc buying in to the next big thing as they read about it in the journal, times, and saw it on the today show. Those folks over reacting in an already volatile market seems likely.toobs wrote:When will the bleeding end? So much FUD everyday sucks...the ban ln China happened months ago yet they keep bringing it up every week. I have two conspiracies.... It's like govts and banks are like oh fudge we missed the boat need to crash the market to get better prices so we can get in low.... Or The last big spike was done by a group of like 40 whales with like $ 50-100 million each. Cause it's crazy to think 400 billion dollars is Jus out of the market.
There is also the fact that the correction was coming, on a rolling 12 month 700 ETH and .70 ripple is still exponential growth that may not be born of fundamental analysis of those projects.
That said this much paper wealth evaporating is a bummer, conspiracy theories are fun, and if you are really investing you should not be checking prices daily after you decide you like a project and want to get behind it. I would bet the biggest impact is a lot of good projects will be holding off on ICOs and use alternative financing at least for a short while.
