Quote from: Captain_Planet on May 17, 2019, 03:27:03 AM

Quote from: dothebeats on May 17, 2019, 03:23:01 AM

Doesn't seem to be anything atm. Thousands of bitcoins were sold in a short moment that caused the sudden drop from $7800 to $7100. Whoever sold that 5000 btc on Bitfinex in a single swoosh seemed to have wanted to take profits but crashed the market instead. Anyways, price is slowly going back to $7300 right now yet it still amazes me how a few thousand coins can actually crash a market that hard.

I see, so 5000 btc sale order at Bitfinix was involved in this drop. Do you think Tether / Bitfinix issue is the one of the reason why someone sold those 5k BTCs or was it just a whale dumping?
https://www.coindesk.com/tether-ordered-to-freeze-transfers-to-bitfinex-by-new-york-supreme-court

That's all it takes and then the bots take over and cause the market to snap back a little. We will be back up over $8000 before you know it. Consider this a good buying opportunity.