Bitcoin is die..
So, how far can bitcoin fall? If $600 is still broken, then next stop $450. And how many of the illusions, the noise to reduce the reward for the block, remember? Less bitcoin will come into circulation, the miners want a high price, in summer, bitcoin will be worth several. thousand dollars (Chinese version).. This proves once again that bitcoin is ... a little unnecessary. There is demand for it. There is no demand. No hype. Everything is still in its infancy. News or pump another coin - the cue ball flew. Here's "the king of cryptocurrencies.
Drawdown is related to the burglary bitfinex as soon as Exchange restore operation, the price will go up, is already 100 times)
I can understand that being the reason for today's sell off but the previous two days sell off since the secret meeting between Core Devs and Chinese Miners is a little suspicious. Anyway I await a good entry point :)
Pure speculation and conspiracy but a price of roughly $420 will force pretty much all cloud mining contracts in to redemption. The contracts will end because maintenance fees will be higher than the revenue gained. Not a problem for the mining companies since the equipment was mostly paid for by cloud contract customers. Then the price can go back up so that old mining equipment is then worth something to the mining companies.
Whale where you are? my steam power is very low :(
This is definitely a wild crypto space right now.
Upvote cause funny title made me laugh :')