Anyone know what caused that dump across the board on everything and hour ago?
If I were to guess it could also be short squeezing time. I would not be surprised if there is a significant XMR short position by our ASIC player. There are some strange moves which may be due to the ASIC fork including a very sudden sharp rise in the price of BCN, which was very likely caused by a single large buyer. This was accompanied by a sharp increase in the BCN hashrate. The ASICs may find BCN to be a more attractive home than XMO.
When it comes to squeezing shorts, my strategy is very simple one buys or keeps holding, takes delivery (this is absolutely critical) and waits,
Edit: Fish of any size can participate in this strategy.
Yeah it looks like BCN is going to be a P$D for awhile, I noticed it was being accumulated the last few months and there were a few revivalists running about. Looks like their Move was nothing more than a fizzle as the blockchain couldn't handle it. Lol I bet the exchanges made some cake on that.
So what became of those little chain forks? Was that someone making attempts at double spends?
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Damn, just took a look and it's just ugly right now, but I think it's whale feeding time and all the little guppies are emptying their pockets.
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Damn, just took a look and it's just ugly right now, but I think it's whale feeding time and all the little guppies are emptying their pockets.
.If I were to guess it could also be short squeezing time. I would not be surprised if there is a significant XMR short position by our ASIC player. There are some strange moves which may be due to the ASIC fork including a very sudden sharp rise in the price of BCN, which was very likely caused by a single large buyer. This was accompanied by a sharp increase in the BCN hashrate. The ASICs may find BCN to be a more attractive home than XMO.
When it comes to squeezing shorts, my strategy is very simple one buys or keeps holding, takes delivery (this is absolutely critical) and waits,
Edit: Fish of any size can participate in this strategy.
Yeah it looks like BCN is going to be a P$D for awhile, I noticed it was being accumulated the last few months and there were a few revivalists running about. Looks like their Move was nothing more than a fizzle as the blockchain couldn't handle it. Lol I bet the exchanges made some cake on that.
So what became of those little chain forks? Was that someone making attempts at double spends?