BRhodium's "P2P Crisis" Is OVER!

in #andyhoffman • 5 years ago

Remember, for 16 days BTC withdrawals were suspended on p2p. Yesterday was the first day they were enabled, so it’s not surprising there was pent up demand to sell XRC for BTC.

That said, I strongly believe it was ONE whale selling who caused the panic – as I continually saw identical offers on p2p, TS, and Bisq the whole way down.

The supply was absorbed quickly, with one buyer buying more than 6 BTC worth this morning at once, on p2p.

Many good things came of this – like people realizing that p2p again works perfectly for XRC and BTC (and shortly will for all coins); that .002 is in fact a major level of support; and that XRC is HERE TO STAY!

This is the FIFTH time XRC has fallen to .0005 BTC in panicked, illiquid conditions since MainNet - and ALL FIVE TIMES it has quickly rebounded on huge volume.

https://twitter.com/Andy_Hoffman_CG/status/1132251862940303360

#bitcoin #cryptocurrency #brhodium #mimblewimble
5 years ago in #andyhoffman by
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