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re: Can all Bitcoin exchanges just shut down without any explanation like Mt. Gox?
Posted on 2/25/14 at 12:30 pm to TH03
Posted on 2/25/14 at 12:30 pm to TH03
quote:
never went under $500 on coinbase.
Actually, it did last night. Hit a low of around $420 for like a minute in the middle of the night. When I woke up, it was over $500 again. People are just very reactionary to any amount of news. A lot of it is from miner greed. They mine altcoins, trade to BTC, and either immediately cash out, or hold it until there is bad news, after which they dump everything.
brb, gotta check on my mining rigs.
This post was edited on 2/25/14 at 12:32 pm
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