Hahahhahahahahahahahahahahahahahahahaha that's a good one.
You weren't serious right? If it gets denied on the 30th we're going down another 50%.
Just like the first Winklevoss rejection, right?
It's similar to the Silk Road auctions. The first was the big scary boogeyman. The latter ones no one gave a fuck.
Each rejection makes it clearer and clearer that any ETF is not going to pass. At this point you'd have to be a prize dimwit to expect one to get through.
It crashed big after the Winklevoss one and may have held up just because of optimism for this one.
Was this big enough to liquidate some of the shorts that are actual spot? I'm not talking about the derivatives like OKex and Bitmex. Or did it hit a lot of stop losses on shorts instead of liquidation?
[wrt ETH] Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more.
But if it's "doing everything that Bitcoin can" then it doesn't have a reason to exist, because Bitcoin is already fulfilling that role just fine and will continue to do so.
Top of rabbit hole generalization. Try again... but with proof, facts, or reasoning this time.
If you claim there is no reason for ETH to exist, and ETH does everything Bitcoin can and then more... sorry, how are you this dumb? On chain scaling will never happen for Bitcoin. There is no plan for it. LN is flawed, but obviously useful.
Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.
Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.
You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.
Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more.
I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.
Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.
That's why it's usually a bad sign. This rally will probably need to deflate a little to fill those tires back up. It's always the way.
Agreed. However, remember that during the run-up to 20k, alts frequently did this, until BTC paused for a few days, and then they went nuts. Like the day LTC was up, what, 100%?