CBOE expiration + battle of the whales= disaster

So I took a small break from writing to work on a project I had been building for a while, only to recently check the crypto market and see bitcoin being bitcoin.

For weeks many had prayed for volatility to hit the market once more, woth many even suggesting that "even if it is for the market to go down, let it just move".

Well those players certainly got their wish😄.

At this point, I am jist in for the ride now, I didn't pull out quick enough and my funds were heavily affected.

For me, there is nothing to do but chill and see where the market goes.

The two major reasons I have found for the dip is the fact that a CBOE futures contract expired on the 14th and a silent war in the BCH camp had been brewing and slowly reaching its climax.

Details of this war is on twitter and here https://medium.com/@jiangzhuoer/abc-vs-bsv-hash-war-part-iii-the-war-of-the-hash-power-45fef8010467.

This all started when a fork on BCH was announced and unlike other forks, this one will eliminate the original chain, meaning BCH in itself will cease to exist or so the rumors say.

Major players in this are jihan, rojor ver, craigh Wright.

All billionaires and all not giving a damn wjat their little war can cost the market.

Some events that have happened include

• hashing power of bitcoin.com has been switched from BTC to BCH to "finance" the war

• craig making treats to sue jihan

• jihan making statements about switching hashing power from bitmain to win the war

And so on, read the story in the link for more.

I personally enjoyed the read, a full 3 parter.