Thanks Bittrex.
Thinking long and hard about rebalancing into more BTS out of either LTC or a BTC hedge. LTC is slowly creeping up as a % of my portfolio somehow (down less than BTS, I guess). We all don't invest more than we can afford to lose, right? Really tempted to call this FUD and double-down on the 20% dip (be greedy when others are fearful, etc., etc.). At least catch a rebound pump at some point
Alternatively, this shows how fickle everyone is and how quickly an asset can just tank.
Speculation I'm seeing so far (none of which has been verified or corroborated, in order of how often I'm seeing them):
- Technical issues on Bittrex side (node RAM requirements)
- SEC regulations regarding securities
- Foul-play coinciding w/ ADA launch (former BTS dev(s) on ADA team)
- Consistent decline in value
- Protocol weakness (51% attack risk somehow, possibly because of low price)?
First two seem to be the most reasonable so far. Both of those seem to be the kind of thing you publicly explain, though I get not having a policy of explaining every action (since Twitter will always freak out, valid explanation or not).
How long until the new BTS web exchange, etc. is online?