How did Elastic suddenly drop through the floor?
It's showing on CMC as having had a 50% drop!!!!!!
What the hell is happening? Is this because of HEAT?
Yeah, Heat is a sellers market as basically only folks in here know about it. Also it's quite sketchy and i can understand everyone who refuses to send BTC there and wants to wait for a usual exchange.
Also the whole cryptomarket is slowly shifting from euphoria to cooling down and eventually even crashing. We can't expect crazy stuff in that context and our overall situation. 60m marketcap should be doable nonetheless, but certainly not on Heat.
I totally agree here. there is no real buying pressure because only a few are willing to transfer to the heat exchange. And there is no "new" money coming in because a major exchange is missing. So one starts panicking and a few are following.
I expect a great rise with the real release and addition to a normal exchange. But this takes some time and I´m fine with that. everyone selling at these prices will regret it for sure