First the Pump
Then the Dump.
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Bithumb is falling in line with the other exchanges.
it's currently at $1.97...the others are at about $1.60.
Earlier Bithumb was as high as $2.41 if I recall.
Someone made some money.
That means a bunch of folks LOST some money.
So sad..
Still...$1.60 is better than $1.20..
will it hold?
BitCoin
lost 1.5% in the last twenty four hours.
so perhaps it wasn't JUST market manipulation at Bithumb.
............newsflash.............
Deposits and withdrawals on Bithumb are still disabled
can't imagine why .
but instead some other sort of market manipulation.
could be...or it COULD be...ya know..the market?
supply/demand and stuff?
could be that the market manipulators took the day off. Bitcoin and crypto have such small market caps any billionaire or institution could easily manipulate them. Look at the effects every time Mt Gox sells off just a few hundred million of bitcoin.
so I hear.
that's the way it works until the market gets large enough that it's not practicle to do that.
The bigger it is then there are just fewer entities that have the ability to manipulate it. If it was 100 times bigger then that 400 million would be 40 billion and there are still some individuals and many institutions that could come up with that at that level but not as many.
sys coin going to the moon last day....
regolith is your friend.
but what will you use for cement?
means some good coins
go for it.
Thanks
And today they dumped. Definitely another pump and dump.