Quote from: allohm on November 14, 2018, 08:06:44 PM

Quote from: cellard on November 14, 2018, 04:51:21 PM

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

i think this https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/article sheds some dim light on what is going on...the selling pressure is relentless and orchestrated. certainly it is not bch drama, too ridiculous a reason. however if sec is very very close to "having talks" with some exchanges (and thus insiders may be dumping using bch as a curtain) than we may be one step closer to the death of the centralized exchanges in the form we know them. i would appreciate your thoughts.

Are there really any decentralized exchanges? If you're talking about P2P exchanges or localbitcoins then maybe, but all biggest exchanges like coinbase, bitfinex and the rest are centralized. If you send your coins to them, you put them in control. If they decide that your coins were used to commit a crime at some point they'll be able to block them and force you to explain where you got them from. It's a great example of government intervention and centralization.