Post
Topic
Board Economics
Re: Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time 2018
by
BaraxLo
on 19/11/2018, 09:44:08 UTC
I remember last time there was a discussion about bitcoin cash going on in the summer of 2017 the altcoins dropped like hell, the price of bitcoin was rising because everyone wanted to hold bitcoin in order to be capable of getting bitcoin cash but right now no one really needs to hold anything considering it won't affect all others including bitcoin.

Also there was a ton of bitcoin sell and the volume got real low in the past 24 hours, which means everyone was just "lets see what happens first" and during that time someone from either side got up and sold a bunch of bitcoin to pay people and that really crippled the market. I don't know which side did it but it will not beneficial to anyone in the crypto space, doing this in spite of knowing you will make a lot of people lose money just to get your own coin out there is evil, I hope both sides lose.