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RE: And... Shudang! Bitcoin Now Teetering at $3750 CAD.
I was expecting something similar. It just seemed like the markets were stretching and stretching but not quite finding new strenght anywhere.
I was expecting something similar. It just seemed like the markets were stretching and stretching but not quite finding new strenght anywhere.
Apparently coinbase is also down right now. I wonder how much of an effect that has on the price dipping.
Yes, Exhanges go down an awful lot when price goes down. It's been a good indicator for years. I'm just not entirely sure which comes first and why they go down...
here check this out. we both had the right idea more or less, although there was more to it. - https://steemit.com/bitcoin/@sflaherty/bitcoin-alert-why-did-bitcoin-dump-all-of-the-sudden-here-is-the-current-reasons
There's probably something to both the market in general affecting it and DDOSing a big exchange. I'm still uncertain however. Remember MtGox? It used to go down after the price started dropping, but then again that might be because a DDOSer saw his opportunity.
I was also wondering that. Which comes first, the chicken or the egg ~
Something had to give right. I was just surprised that after the 4000 mark it kept on going for an entire day and a half.