Why is Ethereum Down SO Much?

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·@bwells·
0.000 HBD
Why is Ethereum Down SO Much?
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<p>Ethereum has been dropping alarmingly fast. &nbsp;I know that every coin has been going down significantly, &nbsp;but Ethereum seems like it has been fairing worse than many other top 10 cryptos.&nbsp;</p>
<p>The main reason that Ethereum has been struggling so much in the past few days is that the SEC stated that there were dozens of ICOs being investigated. &nbsp;That single newsline essentially destroyed Ethereum overnight. &nbsp;</p>
<p>In case you don't already know(you should if you own Ethereum), &nbsp;Ethereum is used by other companies that want to launch their own token. &nbsp;You can use the Ethereum Blockchain to build your own application, &nbsp;game, &nbsp;or ICO. &nbsp;</p>
<p>I suppose that there is a great fear that the SEC will shut down the dozens of ICOs that happened to be built on the Ethereum Blockchain, &nbsp;or maybe some people are even afraid that the SEC will shut down Ethereum completely. &nbsp;The people that think that clearly don't understand the power of decentralization. &nbsp;Not to say that some governments couldn't make owning Ethereum illegal somehow, &nbsp;but how would they really know? &nbsp;</p>
<p>I am personally not worried about the current dip in crypto. &nbsp;I am not sure where the bottom is, &nbsp;but no one knows where the top is either. &nbsp;We tested the 19K range last time, &nbsp;but who knows how high the next pump will go? &nbsp;All I know for sure, &nbsp;is that I can see big gains in the future.&nbsp;</p>
<p>Ethereum could continue to drop over the next few days, &nbsp;but I really don't know what to expect at this point. &nbsp;I just don't think ICOs getting in trouble or investigated will really hurt Ethereum in the long run.&nbsp;</p>
<p>To the moon,</p>
<p>@bwells</p>
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