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Started By
Message
Bitcoin just had mini crash
Posted on 8/17/23 at 6:17 pm
Posted on 8/17/23 at 6:17 pm
In the last 90 minutes it dropped 2,000 dollars.
No reason. Some sort of flash crash.
It’s since recovered.
Looks like manipulation or some other foul play
Anyone got news on it?
No reason. Some sort of flash crash.
It’s since recovered.
Looks like manipulation or some other foul play
Anyone got news on it?
6
Posted on 8/17/23 at 7:03 pm to SlidellCajun
It’s manipulation. So much of crypto is wash selling driving up or down trade volume. It inflates the value greatly also.
Posted on 8/17/23 at 7:06 pm to SlidellCajun
Bitcoin is down just under -$2,500 (-8.5%) as I post this.
My guess is it's the Chinese selling BTC to get into the safe haven U.S. dollar. But, that's just a guess.
My guess is it's the Chinese selling BTC to get into the safe haven U.S. dollar. But, that's just a guess.
This post was edited on 8/17/23 at 7:09 pm
Posted on 8/17/23 at 8:00 pm to SlidellCajun
Posted on 8/17/23 at 9:03 pm to SlidellCajun
Buy opp
Posted on 8/17/23 at 10:25 pm to LSUtiger89
Silver says hello. Talk about a manipulated commodity.
Posted on 8/17/23 at 11:11 pm to MDB
The WSJ published an article on SpaceX's finances after gaining access to their annual and Q1 reports and at the very end of the story it mentions that SpaceX wrote down a loss on bitcoin and sold it.
So SpaceX sold all its bitcoin some time before the first quarter, media outlets go crazy with clickbait headlines about it and bitcoin and most other cryptos tank.
So SpaceX sold all its bitcoin some time before the first quarter, media outlets go crazy with clickbait headlines about it and bitcoin and most other cryptos tank.
Posted on 8/18/23 at 4:31 am to SlidellCajun
Don’t thing the grifter (Elon) selling has much to do with it. My guess is evergrande bankruptcy contagion and the fears of that being linked to tether. Tether is still to this day suspect at best.
Posted on 8/18/23 at 6:08 am to TigerDeBaiter
Now show what SLI has done the last week
Month
Month
Posted on 8/18/23 at 7:27 am to TigerDeBaiter
quote:
Don’t thing the grifter (Elon) selling has much to do with it. My guess is evergrande bankruptcy contagion and the fears of that being linked to tether. Tether is still to this day suspect at best.
Wouldn't Tether have significantly depegged if that were the case?
Posted on 8/18/23 at 7:34 am to Diseasefreeforall
quote:
Wouldn't Tether have significantly depegged if that were the case?
Why would tether depeg when it basically impossible to redeem it for cash.
Exit liquidity for stables has been provided by USDC, which is now openly criticizing others such as Tether, USDD, and FDUSD
quote:
Circle Criticizes Crypto Firms That ‘Counterfeit US Dollars’
Bloomberg Article About Circle
Posted on 8/18/23 at 7:39 am to TigerDeBaiter
quote:
Don’t thing the grifter (Elon) selling has much to do with it. My guess is evergrande bankruptcy contagion and the fears of that being linked to tether. Tether is still to this day suspect at best.
This. Evergrande BK hit the news at around 5-6 CT last night - at least that's the first time I saw anything about it - and as people have woken up around the globe investors of every stripe are going to be jumpy. I expect a down day on Wall Street as well.
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