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I blame Bitcoin Cash. But to put things in perspective, the crash wiped out like three weeks of gains. So this is just a counter part to the Bitcoin going throu
by danvoell 9y ago
I blame Bitcoin Cash. But to put things in perspective, the crash wiped out like three weeks of gains. So this is just a counter part to the Bitcoin going through the roof article.
- CamelCaseName 9y agoThat's if it stops here. People say that we've had 30%+ crashes earlier this year and that's true, but not quite this fast.
- rc_bhg 9y agoSuper high volumes are making everything happen faster.
- mancerayder 9y agoNot saying I agree or disagree, but what's the relationship here between Bitcoin Cash (Bitcoin Crash?) and the drop across the board? If capital is moving into other currencies, it must be a small percentage of the capital, since the others aren't exactly rallying either. Capital's running for the hills.
- danvoell 9y agoJust sheer speculation. I was kind of assuming that when Bitcoin Cash hit Coinbase, everyone was looking at it as free money and looking to sell. Because everyone wanted to sell, coinbase didn't open it up, people were getting frusterated watching the price come down and unable to sell. So they started selling other stuff. Again total speculation. I've joined the tin hat club.
- shaki-dora 9y ago> I've joined the tin hat club. Indeed... This is like kitchen psychology, but the White Castle kitchen version.
- explorigin 9y agoBCH is the catalyst but not the direct cause. It's commonly agreed that BTC price was a bubble. Bubbles need an event to pop them. Coinbase opening support for BCH was that event.
- YCode 9y agoI like the term "correction", in that it's not over for bitcoin it's just now it's getting a more realistic value.