Well last week we saw some craziness in the market… has it all stopped? Will we rebound? Or, is crypto dead? Stablecoins may have saved us, bitcoin cash continues its insanity, and more in todays crypto market update.
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Thanks to the Hash War that exposes how PoW can be attacked just like that, now XRP is aiming for #1 (market cap), possible before EoY. I like Bitcoin but they destroyed it, store of value is even questionable now.
Wouldn't take to much on board about what you can see regards BCH blocks. It's what you can't see is the issue.
He's probably been ghost mining.
He's in it for the long haul with SV, this may take a long time to play out.
ABC has put in a centralised choke point – that alone is an admission that they've fucked up big time.
When the market cap goes down, it doesn't mean money is moving out. For instance. If some one sells BTC for $1, then the market cap for BTC is 17M, That is extreme but it applies. IF some one sells 100 BTC and drops the market $100. Then that is only $600,000 out of the market BUT the market says, all BTC are now worth $100 less. Hence 1.6B drop in market cap. Then, all the other alts also Drop!!!
Wright and Ver need to be designated crypto terrorists
Excellent analysis Danny and as always, much appreciated commentary.
The SEC are criminals for many reasons but in the case of crypto's they are guilty of entrapment, (using obvious delaying tactics to create an industry wide sting operation), by not acting in the past on the explicit, expert advice of individuals like Andreas Antonopoulos to establish clear guidelines regarding security issuance status and are now predictably, retroactively prosecuting those who did not commit any offence as no law was in place to be broken at the time of the alleged infractions. They have no case and will be shown for what they are. They are gatekeepers after the horses have bolted and are in full on, tail spinning, nose diving, career ending 'fatal damage sustained' limitation mode. Hopefully Erik will eat the SEC for breakfast in court, burp loudly and demand seconds!
Intro was cool! Thanks for the weekend video, man. If btc closes under 5600k, are you looking for a big monday sell off?
Nice new intro 🙂