Did Crypto “Celebs” Crash The Price?

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“If you are sitting on 20x, 50x, 100x your money on a crypto investment, it would not be a mistake to sell 10%, 20% or even 30% of your position.” So said Fred Wilson, the “famed” billionaire Venture Capitalist and ethereum backer, on January 8th 2018, the day eth jumped from $1,100 to $1,300. Shortly after price then crashed by about $200, but then recovered one more time to $1,400 to only fall and fall with the spring-summer mini-bull run this year looking like not even a bump for eth, unlike bitcoin where it was a pretty decent jump. Plenty has gone wrong for this crypto. The atrocious communication by the Ethereum Foundation (EF), which apparently sold $100 million at the top, is just one of them. The sudden ditching of an upgrade that was to go out within days is the worst, not least because that upgrade was what…

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