https://i.postimg.cc/Y91sTnck/Image-Detail-639cd432-76e2-4bcc-a3f8-8590dff4f764-Large.jpg # Bitcoin and cryptocurrencies across the board sold off hard today, why? Like in most cases, there usually isn't one concrete reason why bitcoin sold off today. Usually there is some piece of news that served as a catalyst or better yet, an excuse, for short sellers to hit the sell button and drive prices lower. And sometimes all they need is an excuse... In my opinion, there were likely a couple excuses provided to them yesterday. https://i.postimg.cc/6qP5gpJD/1068772791.jpg (Source: https://sputniknews.com/us/201810101068772664-dow-sinks-800-points-as-tech-stocks-slide/) # The first likely culprit comes in the form of the US stock market. Yesterday, major US stock markets took it on the chin in a major way, with the Dow down close to 900 points on the day. That marked the largest single day loss since February of this year. Contrary to what some people might think, that turned out not to be good news for bitcoin either. It appears as stocks sold off, that selling also spilled over into cryptocurrencies. While bitcoin and crypto are seen as a non-correlated asset, they are not an inversely related asset. Meaning that when stocks sell off, that doesn't mean bitcoin should go up. In fact, history shows that really hasn't been the case at all, though some would like to believe it is. # Bitcoin caught in the crossfire... Higher interest rates typically bring on tighter financial conditions which could dampen growth going forward and equity markets are reacting to that. I would venture to say that bitcoin represents one of the more risky investments out there. Which means that when risky assets are selling off like they were yesterday due to fears over rising interest rates, bitcoin likely gets included in the selling. In recent history, when things start going bad for the stock market, it has spilled over into everything else, except for the dollar. The dollar has been most investors' go to safe haven when there is uncertainty in the world. Conversely, when times are good and money is flowing into financial markets, some of that tends to find its way into the riskiest of assets, which would include cryptocurrenices. In my opinion this was likely the main reason for the drop in cryptocurrency prices yesterday. https://i.postimg.cc/C1zKNq9j/0dec558.png (Source: http://bestgpuformining.com/cryptocurrency-future-says-christine-lagarde-imf/) # What else could it have been? Another possible cause for the selling could have been the news released from the IMF. They didn't have very kind things to say about bitcoin and cryptocurrencies and said that crypto assets in genearl may help contribute to the next financial crash: > "Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system." (Source: https://www.cnbc.com/2018/10/11/bitcoin-price-nearly13-billion-wiped-off-cryptocurrency-market.html) Seems unlikely to me when there are very few large funds in crypto and we are talking about a $200 billion dollar total market, though I guess there is still a small chance if things were to keep growing. My opinion, this wasn't the main reason for the selling. My guess is that the same high frequency trading algos that helped drive prices down in equities yesterday were turned on in the crypto markets as well shortly after stock markets closed. Sell first, ask questions later. Stay informed my friends. Image Source: https://citywire.co.uk/new-model-adviser/news/overnight-markets-dow-tanks-832-points-as-tech-shares-slide/a1164084?ref=new_model_adviser_latest_news_list Follow me: @jrcornel
post_id | 64,069,917 |
---|---|
author | jrcornel |
permlink | bitcoin-and-cryptocurrencies-tank-why |
category | crypto |
json_metadata | {"links":["https:\/\/sputniknews.com\/us\/201810101068772664-dow-sinks-800-points-as-tech-stocks-slide\/","http:\/\/bestgpuformining.com\/cryptocurrency-future-says-christine-lagarde-imf\/","https:\/\/www.cnbc.com\/2018\/10\/11\/bitcoin-price-nearly13-billion-wiped-off-cryptocurrency-market.html","https:\/\/citywire.co.uk\/new-model-adviser\/news\/overnight-markets-dow-tanks-832-points-as-tech-shares-slide\/a1164084?ref=new_model_adviser_latest_news_list","\/@jrcornel"],"community":"busy","users":["jrcornel"],"app":"busy\/2.5.6","image":["https:\/\/i.postimg.cc\/Y91sTnck\/Image-Detail-639cd432-76e2-4bcc-a3f8-8590dff4f764-Large.jpg"],"format":"markdown","tags":["crypto","bitcoin","blog","life","busy"]} |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
analisa | 0 | 666,244,083,445 | 18% | ||
silversteem | 0 | 4,243,358,186 | 100% | ||
rossco99 | 0 | 54,241,866,071 | 80% | ||
ajvest | 0 | 48,974,661,918 | 50% | ||
boatymcboatface | 0 | 1,100,553,916,301 | 80% | ||
donkeypong | 0 | 2,287,544,741,584 | 18% | ||
mindstabber | 0 | 0 | 100% | ||
adsactly | 0 | 5,599,475,791,262 | 21% | ||
sock | 0 | 8,545,161,376 | 100% | ||
josephcraig289 | 0 | 7,751,319,376 | 100% | ||
kingscrown | 0 | 3,676,281,114,503 | 100% | ||
teamsteem | 0 | 316,923,329,348 | 5% | ||
beerbloke | 0 | 2,748,279,568 | 6.84% | ||
theshell | 0 | 306,984,813,899 | 80% | ||
thecryptofiend | 0 | 24,584,555,496 | 25% | ||
justtryme90 | 0 | 95,219,094,213 | 25% | ||
the-alien | 0 | 3,005,893,493 | 100% | ||
g-dubs | 0 | 8,031,393,706 | 5% | ||
igl00 | 0 | 6,977,798,228 | 100% | ||
mark-waser | 0 | 31,877,293,754 | 25% | ||
mauricemikkers | 0 | 642,907,421 | 100% | ||
steemit-life | 0 | 6,218,719,693 | 100% | ||
nepalipahad | 0 | 13,507,716,374 | 10% | ||
fiona777 | 0 | 213,962,296 | 100% | ||
sauravrungta | 0 | 1,103,732,197,407 | 100% | ||
darthnava | 0 | 3,444,976,284 | 10% | ||
jrcornel | 0 | 2,391,260,597,711 | 100% | ||
hanshotfirst | 0 | 991,435,215,033 | 25% | ||
thegoldencookie | 0 | 92,150,485,016 | 100% | ||
mattclarke | 0 | 92,875,724,678 | 20% | ||
chorlacher | 0 | 302,822,533 | 100% | ||
davidjkelley | 0 | 1,548,984,880 | 25% | ||
digital-wisdom | 0 | 17,489,959,471 | 25% | ||
ethical-ai | 0 | 5,728,717,320 | 25% | ||
jwaser | 0 | 6,680,812,166 | 25% | ||
kyusho | 0 | 74,208,559 | 5% | ||
dan-bn | 0 | 546,704,627,778 | 100% | ||
heroic15397 | 0 | 38,708,335,940 | 100% | ||
ellepdub | 0 | 454,747,639 | 25% | ||
herpetologyguy | 0 | 46,839,786,046 | 25% | ||
everittdmickey | 0 | 96,803,189,067 | 14% | ||
jennswall | 0 | 2,293,386,746 | 100% | ||
aksinya | 0 | 40,616,599,603 | 70% | ||
eforucom | 0 | 3,347,008,290 | 4% | ||
strong-ai | 0 | 4,859,260,388 | 25% | ||
astronomicus | 0 | 833,096,059 | 100% | ||
apothecae | 0 | 1,474,747,858 | 100% | ||
steemtruth | 0 | 6,206,006,171 | 20% | ||
aurorax | 0 | 230,126,275 | 89% | ||
samuelhull | 0 | 7,019,607,138 | 100% | ||
doodleman | 0 | 1,812,704,350 | 89% | ||
technoprogressiv | 0 | 3,672,393,707 | 25% | ||
dancingwolves | 0 | 0 | 100% | ||
cryptofreedom | 0 | 732,371,247 | 100% | ||
nspart | 0 | 1,125,948,361 | 5% | ||
eservicesplus | 0 | 2,101,579,073 | 100% | ||
mommydays | 0 | 42,280,944 | 100% | ||
sebastianjago | 0 | 28,226,167,937 | 5% | ||
jdevora | 0 | 0 | 50% | ||
garrettjgrubbs | 0 | 2,039,723,517 | 100% | ||
gomatthew | 0 | 3,823,751 | 1% | ||
teammo | 0 | 11,545,708,504 | 100% | ||
beeridiculous | 0 | 924,298,086 | 50% | ||
alexis555 | 0 | 1,637,838,748,953 | 23% | ||
bigdaddy | 0 | 40,181,574,115 | 100% | ||
kingsmind | 0 | 15,560,088,504 | 100% | ||
pboc | 0 | 7,321,621,378 | 100% | ||
ayusor | 0 | 3,389,429,470 | 100% | ||
michelios | 0 | 6,180,990,109 | 20% | ||
zhangyong | 0 | 843,870,217,679 | 100% | ||
screenwriterml | 0 | 1,241,171,161 | 4% | ||
velimir | 0 | 709,847,362,268 | 100% | ||
bloomberg215 | 0 | 3,882,186,471 | 100% | ||
treetoptennis | 0 | 9,747,823,617 | 100% | ||
masiah09 | 0 | 22,502,464,081 | 100% | ||
pwny | 0 | 12,234,319,267 | 30% | ||
popponayashelly | 0 | 67,534,170 | 100% | ||
broncnutz | 0 | 2,703,932,950,546 | 45% | ||
palog | 0 | 2,676,973,307 | 81% | ||
jsteem | 0 | 30,716,775 | 20% | ||
cryptojaxx | 0 | 20,910,049,537 | 100% | ||
sneakgeekz | 0 | 305,199,262 | 35% | ||
bigram13 | 0 | 774,016,140,155 | 100% | ||
jkkim | 0 | 26,723,971 | 10% | ||
ericarthurblair | 0 | 4,819,934,109 | 10% | ||
eajob | 0 | 544,807,713 | 100% | ||
odic3o1 | 0 | 1,009,341,609 | 100% | ||
cryptohustler | 0 | 33,827,736,222 | 100% | ||
autonomysystem | 0 | 71,440,490 | 20% | ||
salma.ali | 0 | 215,671,700 | 100% | ||
brian.rrr | 0 | 1,433,130,277,354 | 100% | ||
gungadin | 0 | 1,888,382,228 | 100% | ||
cryptoballer | 0 | 8,099,530,833 | 100% | ||
nezbong | 0 | 40,805,419,731 | 100% | ||
d-pend | 0 | 3,372,638,848,134 | 100% | ||
bubke | 0 | 247,101,557,692 | 100% | ||
violetmed | 0 | 151,987,221,307 | 50% | ||
thatdude | 0 | 10,751,809 | 10% | ||
flygoing | 0 | 175,409,952 | 100% | ||
upgoat | 0 | 107,748,089 | 10% | ||
resheep | 0 | 0 | 10% | ||
upcroak | 0 | 51,368,213 | 50% | ||
toxichustle | 0 | 1,104,019,422 | 5% | ||
vikisecrets | 0 | 138,607,312,658 | 30% | ||
rachelmishkin | 0 | 550,911,466 | 100% | ||
cryptopassion | 0 | 5,353,005,024,863 | 91% | ||
tekendra | 0 | 146,156,498 | 100% | ||
unrared | 0 | 3,461,337,147 | 5% | ||
mephentis | 0 | 583,997,838 | 33% | ||
valvenisent | 0 | 1,586,076,807 | 100% | ||
madmac | 0 | 10,283,891,134 | 100% | ||
flareco | 0 | 406,001,559 | 100% | ||
cryptoeagle | 0 | 5,689,651,314 | 30% | ||
karaziatrue | 0 | 363,018,706 | 100% | ||
thekitchenfairy | 0 | 8,317,720,666 | 10% | ||
seifanlj | 0 | 811,343,488 | 100% | ||
adrianbucks | 0 | 218,388,568 | 50% | ||
nadila | 0 | 565,416,874 | 100% | ||
leserge | 0 | 11,094,755,003 | 100% | ||
mooncryption | 0 | 765,175,856 | 50% | ||
henrylo | 0 | 557,518,090 | 100% | ||
sendpi | 0 | 5,837,619,446 | 100% | ||
gnarlyanimations | 0 | 24,063,296,527 | 100% | ||
jondoe | 0 | 67,527,134,822 | 100% | ||
shahab3211 | 0 | 550,172,217 | 100% | ||
peak.endrule | 0 | 172,663,698 | 100% | ||
belgab | 0 | 317,752,799 | 100% | ||
bumex2008 | 0 | 550,045,787 | 100% | ||
dkid14 | 0 | 2,629,640,852 | 13% | ||
sharlienkah | 0 | 154,818,058 | 35% | ||
mtl1979 | 0 | 518,654,283 | 100% | ||
gpalo1 | 0 | 432,149,622 | 80% | ||
jack353123 | 0 | 50,221,376 | 100% | ||
bubbleburst | 0 | 2,482,879,629 | 50% | ||
treyball | 0 | 306,782,837,199 | 100% | ||
precisesound | 0 | 457,407,080 | 100% | ||
vectorus | 0 | 550,504,995 | 100% | ||
gazmendh | 0 | 557,842,478 | 100% | ||
elbrava | 0 | 557,279,037 | 100% | ||
suncryption | 0 | 1,151,938,387 | 100% | ||
aburashed | 0 | 25,290,427 | 5% | ||
decayboy | 0 | 342,737,860 | 100% | ||
epan35 | 0 | 281,254,853,133 | 100% | ||
saqibnazir | 0 | 196,100,092 | 100% | ||
newageinv | 0 | 22,901,460,608 | 14% | ||
corndog54 | 0 | 14,394,524,309 | 100% | ||
unconditionalove | 0 | 308,099,903 | 50% | ||
bradox | 0 | 492,992,564 | 100% | ||
hickok45 | 0 | 535,769,895 | 100% | ||
mutiahanum | 0 | 318,546,279 | 100% | ||
gbksa | 0 | 10,606,943 | 10% | ||
dawidburdun | 0 | 556,343,454 | 100% | ||
whyse | 0 | 1,418,030,471 | 100% | ||
magicinvesting | 0 | 221,624,023 | 100% | ||
opentube | 0 | 556,259,820 | 100% | ||
luli1 | 0 | 195,746,499 | 100% | ||
armadilloman | 0 | 15,081,460,017 | 100% | ||
chemie-lernen | 0 | 424,430,914 | 100% | ||
nokonhd | 0 | 536,933,459 | 100% | ||
projecthome | 0 | 305,015,379 | 100% | ||
kidmartin-95 | 0 | 1,032,160,415 | 100% | ||
rokhani | 0 | 408,094,973 | 50% | ||
charlso11 | 0 | 260,459,645 | 100% | ||
hadi004 | 0 | 313,422,202 | 100% | ||
bawativi | 0 | 248,590,202 | 50% | ||
usdtrading | 0 | 431,048,551 | 100% | ||
alucards | 0 | 556,243,889 | 100% | ||
coinsilie | 0 | 457,100,353 | 100% | ||
chris.geese | 0 | 222,626,886 | 100% | ||
drkcyd | 0 | 273,737,176 | 100% | ||
lkvictor2005 | 0 | 7,192,401,005 | 100% | ||
sbi8 | 0 | 3,568,848,616 | 2% | ||
davemarkeddy | 0 | 1,234,419,013 | 100% | ||
dna-polymerase | 0 | 91,159,961 | 25% | ||
dna-ligase | 0 | 91,159,960 | 25% | ||
dna-helicase | 0 | 91,159,955 | 25% | ||
dna-primase | 0 | 91,159,917 | 25% | ||
sliding-clamp | 0 | 91,159,901 | 25% | ||
clamp-loader | 0 | 91,159,858 | 25% | ||
dna-gyrase | 0 | 91,159,858 | 25% | ||
rna-polymerase | 0 | 91,159,837 | 25% | ||
ribosome | 0 | 91,159,836 | 25% | ||
oliviaschiffmann | 0 | 7,873,524,156 | 100% | ||
supreme.mal | 0 | 532,129,669 | 100% | ||
juneiker | 0 | 212,372,458 | 50% | ||
synchronization | 0 | 200,859,238 | 50% | ||
easyman | 0 | 731,986,600 | 100% | ||
danialbr | 0 | 392,292,567 | 100% | ||
avalonprosky | 0 | 505,740,931 | 100% | ||
sproudi | 0 | 96,612,371 | 100% | ||
humbertobmx | 0 | 407,057,986 | 100% | ||
leon73 | 0 | 532,638,700 | 100% |
nice analyst about bitcoin
post_id | 64,070,206 |
---|---|
author | pakpunjab |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t055651216z |
category | crypto |
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I still find it difficult to understand why it happened so.
post_id | 64,070,345 |
---|---|
author | profchydon |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t175902869z |
category | crypto |
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root_title | "Bitcoin and cryptocurrencies tank, why?" |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
steemjetmedia | 0 | 815,617,643,072 | 100% | ||
alan92 | 0 | 228,613,180 | 100% |
post_id | 64,070,508 |
---|---|
author | jrcornel |
permlink | re-profchydon-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t180214870z |
category | crypto |
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root_title | "Bitcoin and cryptocurrencies tank, why?" |
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jondoe | 0 | 56,959,186,869 | 100% | ||
mtl1979 | 0 | 507,484,435 | 100% | ||
corndog54 | 0 | 12,765,018,053 | 100% |
The phase 2 of hyper wave is in progress meaning that probably Bitcoin is going to 1k. Thatβs why. All depends at what price we close on Sunday 8:00pm EDT
post_id | 64,070,834 |
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author | johndogett |
permlink | re-profchydon-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t180855101z |
category | crypto |
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---|---|---|---|---|---|
johndogett | 0 | 26,351,602,654 | 100% |
post_id | 64,071,458 |
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author | jrcornel |
permlink | re-johndogett-re-profchydon-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t182303622z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-11 18:23:03 |
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jondoe | 0 | 55,820,211,892 | 100% | ||
mtl1979 | 0 | 496,347,449 | 100% | ||
corndog54 | 0 | 13,026,307,315 | 100% |
It does make sense given how the herd mentality works with risky assets. However, these are mostly short term and bitcoin would actually be a safe haven like gold if concerns of the stock market extend to other financial markets like bonds and real estate for example. Will be interesting to see how those markets play out.
post_id | 64,070,724 |
---|---|
author | newageinv |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t180646942z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-11 18:06:48 |
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Good point. May move together in the very short term. However, a longer term bear market may actually be good for bitcoin. We will see.
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category | crypto |
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beneficiaries | [] |
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percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jrcornel | 0 | 2,685,450,594,688 | 100% | ||
jondoe | 0 | 54,704,016,414 | 100% | ||
mtl1979 | 0 | 485,484,012 | 100% | ||
corndog54 | 0 | 13,292,929,011 | 100% |
The drop was in the chart analysis. I thought we wanted the current financial system to break so that mass adoption can occur. It's kind of a strange thing to want though I guess.😃 Posted using [Partiko Android](https://steemit.com/@partiko-android)
post_id | 64,070,732 |
---|---|
author | pwny |
permlink | pwny-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t180654060z |
category | crypto |
json_metadata | {"app":"partiko"} |
created | 2018-10-11 18:06:57 |
last_update | 2018-10-11 18:06:57 |
depth | 1 |
children | 3 |
net_rshares | 0 |
last_payout | 2018-10-18 18:06:57 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 259 |
author_reputation | 4,063,393,568,715 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
Haha, there is that as well. Higher works for me, I would prefer if the entire financial system didn't have to crumble for that to happen first though.
post_id | 64,071,547 |
---|---|
author | jrcornel |
permlink | re-pwny-pwny-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t182448326z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-11 18:24:48 |
last_update | 2018-10-11 18:24:48 |
depth | 2 |
children | 2 |
net_rshares | 79,858,012,266 |
last_payout | 2018-10-18 18:24:48 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.083 SBD |
curator_payout_value | 0.017 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 151 |
author_reputation | 3,734,411,933,886,980 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
pwny | 0 | 12,206,983,582 | 30% | ||
jondoe | 0 | 53,611,353,605 | 100% | ||
mtl1979 | 0 | 474,803,971 | 100% | ||
corndog54 | 0 | 13,564,871,108 | 100% |
True, mass panic would be something else. I wonder if there's any documentaries on the transitions of past monetary systems? Lol Posted using [Partiko Android](https://steemit.com/@partiko-android)
post_id | 64,071,677 |
---|---|
author | pwny |
permlink | pwny-re-jrcornel-re-pwny-pwny-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t182734523z |
category | crypto |
json_metadata | {"app":"partiko"} |
created | 2018-10-11 18:27:36 |
last_update | 2018-10-11 18:27:36 |
depth | 3 |
children | 1 |
net_rshares | 0 |
last_payout | 2018-10-18 18:27:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 198 |
author_reputation | 4,063,393,568,715 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
Because: 1. decentralization of exchanges (and at times of other currencies where decentralization matters, such as STEEM) being not even a consideration. 2. wallet freezes at all exchanges 3. higher fees than in fiat 4. scammers, pumpers and pushers 5. inflation rates that exceed fiat at times, or conversely, expensive or slow transactions 6. the occasional 51% attack 7. Digital currencies are fiat money too, and they usually lack even the paper or coins that simplify life 8. Much harder to use than sovereign currencies and harder even than using the internet to manage a bank account and trading. And there are more reasons that I forgot to mention or still need to know add more here, to why the entire digital currency market is rather overvalued.
post_id | 64,073,912 |
---|---|
author | atempt |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t052815971z |
category | crypto |
json_metadata | {"app":"steemit\/0.1","tags":["crypto"]} |
created | 2018-10-11 19:18:12 |
last_update | 2018-10-11 19:18:12 |
depth | 1 |
children | 12 |
net_rshares | 76,299,129,606 |
last_payout | 2018-10-18 19:18:12 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.078 SBD |
curator_payout_value | 0.019 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 759 |
author_reputation | 3,821,397,562,236 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
lordkalki8 | 0 | 160,490,540 | 50% | ||
szokerobert | 0 | 9,946,339,430 | 50% | ||
joelkhairy | 0 | 299,422,081 | 50% | ||
calebkelly | 0 | 253,171,727 | 50% | ||
jbbasics | 0 | 2,138,550,118 | 50% | ||
freedomtrader | 0 | 253,369,677 | 50% | ||
celizbrwn | 0 | 253,369,677 | 50% | ||
nicolemoon | 0 | 253,504,539 | 50% | ||
fersher | 0 | 280,071,251 | 100% | ||
steemdiffuser | 0 | 56,063,706,646 | 50.5% | ||
steemcondenser | 0 | 75,100,770 | 50% | ||
zanoni | 0 | 966,436,672 | 50% | ||
afrikablr | 0 | 1,312,432,541 | 50% | ||
hectorzs | 0 | 245,683,710 | 50% | ||
steemd1 | 0 | 253,596,528 | 50% | ||
samueljohn1999 | 0 | 253,137,522 | 50% | ||
acheever | 0 | 581,312,015 | 50% | ||
kaking | 0 | 196,023,327 | 50% | ||
azizurrahman | 0 | 254,464,346 | 50% | ||
socialreformer | 0 | 150,284,483 | 50% | ||
alomchowdhury | 0 | 469,147,286 | 50% | ||
lcontestsl | 0 | 254,232,566 | 50% | ||
socialdaisy | 0 | 253,635,371 | 50% | ||
mythosacademy | 0 | 479,346,424 | 5% | ||
sandyprasasty | 0 | 269,399,067 | 50% | ||
tinyvoter | 0 | 382,901,292 | 3.7% |
<p>This comment has received a 50.51 % upvote from @steemdiffuser thanks to: @atempt.</p> <p>Bids above 0.05 SBD may get additional upvotes from our trail members.</p> <p><a href="https://steemit.com/introduceyourself/@steemdiffuser/chello-steemit-friends-here-to-upvote-blaze-a-trail-and-crack-some-bot-like-jokes">Get Upvotes</a>, <a href="https://docs.google.com/forms/d/e/1FAIpQLSdv7s0V6f6iMC7lFsEkHUlJ4pErmSQzQXit-0FGaAx7FT-Pcg/viewform">Join Our Trail</a>, or <a href="https://goo.gl/forms/fdmsKYYUpFMY4OUw1">Delegate Some SP</a></p>
post_id | 64,107,664 |
---|---|
author | steemdiffuser |
permlink | re-atempt-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t052815971z-20181012t091923838z |
category | crypto |
json_metadata | {"tags":["bitcoin-and-cryptocurrencies-tank-why"],"app":"drotto\/0.0.4"} |
created | 2018-10-12 09:19:24 |
last_update | 2018-10-12 09:19:24 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-10-19 09:19:24 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 542 |
author_reputation | 42,876,785,860 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
Keep on shorting... It will make the impending rally that much more explosive.
post_id | 64,140,287 |
---|---|
author | jrcornel |
permlink | re-atempt-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t210738559z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-12 21:07:39 |
last_update | 2018-10-12 21:07:39 |
depth | 2 |
children | 10 |
net_rshares | 60,690,165,562 |
last_payout | 2018-10-19 21:07:39 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.061 SBD |
curator_payout_value | 0.018 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 78 |
author_reputation | 3,734,411,933,886,980 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jondoe | 0 | 55,879,331,906 | 100% | ||
iabuse | 0 | 4,475,015,682 | 10% | ||
sergino | 0 | 335,817,974 | 2.25% |
I never shorted it and never had it. I reasoned their downside.
post_id | 64,145,669 |
---|---|
author | atempt |
permlink | re-jrcornel-re-atempt-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181013t095300236z |
category | crypto |
json_metadata | {"app":"steemit\/0.1","tags":["crypto"]} |
created | 2018-10-12 23:42:54 |
last_update | 2018-10-12 23:42:54 |
depth | 3 |
children | 9 |
net_rshares | 184,014,263,367 |
last_payout | 2018-10-19 23:42:54 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.186 SBD |
curator_payout_value | 0.056 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 63 |
author_reputation | 3,821,397,562,236 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
lordkalki8 | 0 | 160,580,902 | 50% | ||
stimialiti | 0 | 3,053,392,171 | 100% | ||
szokerobert | 0 | 9,823,309,432 | 50% | ||
themarkymark | 0 | -57,345,424,305 | -1% | ||
joelkhairy | 0 | 299,422,081 | 50% | ||
calebkelly | 0 | 253,171,727 | 50% | ||
jbbasics | 0 | 2,138,550,118 | 50% | ||
freedomtrader | 0 | 253,369,677 | 50% | ||
celizbrwn | 0 | 253,369,677 | 50% | ||
nicolemoon | 0 | 253,504,539 | 50% | ||
fersher | 0 | 372,224,741 | 100% | ||
steemdiffuser | 0 | 69,397,656,740 | 62.5% | ||
steemcondenser | 0 | 75,100,770 | 50% | ||
slowgrow | 0 | 486,425,013 | 100% | ||
afrikablr | 0 | 1,483,603,142 | 50% | ||
hectorzs | 0 | 251,768,629 | 50% | ||
steemd1 | 0 | 253,596,528 | 50% | ||
samueljohn1999 | 0 | 253,137,522 | 50% | ||
acheever | 0 | 582,858,356 | 50% | ||
kaking | 0 | 197,093,571 | 50% | ||
azizurrahman | 0 | 254,464,346 | 50% | ||
socialreformer | 0 | 102,302,523 | 50% | ||
alomchowdhury | 0 | 463,414,008 | 50% | ||
lcontestsl | 0 | 254,232,566 | 50% | ||
socialdaisy | 0 | 253,635,371 | 50% | ||
luckyvotes | 0 | 61,088,755,656 | 42.42% | ||
sandyprasasty | 0 | 272,022,206 | 50% | ||
whalecreator | 0 | 86,016,692,605 | 17.75% | ||
atempt | 0 | 2,812,033,055 | 100% |
Someone dumped few btc..big deal.
post_id | 64,080,067 |
---|---|
author | steemek |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t214549757z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-11 21:45:42 |
last_update | 2018-10-11 21:45:42 |
depth | 1 |
children | 0 |
net_rshares | 27,825,058,206 |
last_payout | 2018-10-18 21:45:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.028 SBD |
curator_payout_value | 0.008 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 33 |
author_reputation | 1,000,000,000,000 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
coolthings | 0 | 4,463,670,193 | 100% | ||
steemek | 0 | 23,361,388,013 | 100% |
Maybe it was because Crex24 announced they are going to give free coins every day to registered users... So people started acting like Lemmings and sell excess coins because eventually a lot of exchange rates dive hard as people try to hoard as many free coins as possible and sell them as fast as eggs exit the rectal zone.
post_id | 64,082,781 |
---|---|
author | mtl1979 |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181011t230557733z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-11 23:05:57 |
last_update | 2018-10-11 23:05:57 |
depth | 1 |
children | 1 |
net_rshares | 0 |
last_payout | 2018-10-18 23:05:57 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 324 |
author_reputation | 702,532,898,973 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
I'm sticking with my sell everything theory. :) People flee to dollars from anything that is considered a risky asset. Bitcoin and crypto rank pretty high on that risky asset list.
post_id | 64,140,353 |
---|---|
author | jrcornel |
permlink | re-mtl1979-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t210949747z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-12 21:09:51 |
last_update | 2018-10-12 21:09:51 |
depth | 2 |
children | 0 |
net_rshares | 2,735,382,155,659 |
last_payout | 2018-10-19 21:09:51 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 2.792 SBD |
curator_payout_value | 0.927 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 180 |
author_reputation | 3,734,411,933,886,980 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jrcornel | 0 | 2,677,813,775,394 | 100% | ||
jondoe | 0 | 52,593,804,273 | 100% | ||
mtl1979 | 0 | 155,220,028 | 100% | ||
iabuse | 0 | 4,484,008,058 | 10% | ||
sergino | 0 | 335,347,906 | 2.25% |
post_id | 64,098,545 |
---|---|
author | corndog54 |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t054925379z |
category | crypto |
json_metadata | {"app":"steemit\/0.1","tags":["crypto"]} |
created | 2018-10-12 05:49:24 |
last_update | 2018-10-12 05:49:24 |
depth | 1 |
children | 1 |
net_rshares | 62,478,694,631 |
last_payout | 2018-10-19 05:49:24 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.064 SBD |
curator_payout_value | 0.010 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 44 |
author_reputation | 1,314,888,384,444 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jondoe | 0 | 48,368,800,338 | 100% | ||
corndog54 | 0 | 14,109,894,293 | 100% |
post_id | 64,140,296 |
---|---|
author | jrcornel |
permlink | re-corndog54-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t210753259z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-12 21:07:54 |
last_update | 2018-10-12 21:07:54 |
depth | 2 |
children | 0 |
net_rshares | 64,867,424,588 |
last_payout | 2018-10-19 21:07:54 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.065 SBD |
curator_payout_value | 0.019 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 32 |
author_reputation | 3,734,411,933,886,980 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jondoe | 0 | 54,761,957,524 | 100% | ||
corndog54 | 0 | 9,769,802,098 | 100% | ||
sergino | 0 | 335,664,966 | 2.25% |
I think its just a dip due to fear of senate hearings but it will always be tough to actually see what drove the market down.
post_id | 64,144,312 |
---|---|
author | feelsomoon |
permlink | re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181012t225948667z |
category | crypto |
json_metadata | {"tags":["crypto"],"app":"steemit\/0.1"} |
created | 2018-10-12 22:59:48 |
last_update | 2018-10-12 22:59:48 |
depth | 1 |
children | 1 |
net_rshares | 0 |
last_payout | 2018-10-19 22:59:48 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 125 |
author_reputation | 1,055,196,478,890 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 0 |
Yes, it is often tough to tell what caused the drop, but in this instance I think a liquidity crunch is likely a good guess as people seemed to want to go to fiat right about the same time.
post_id | 64,195,133 |
---|---|
author | jrcornel |
permlink | re-feelsomoon-re-jrcornel-bitcoin-and-cryptocurrencies-tank-why-20181013t202723901z |
category | crypto |
json_metadata | {"app":"steemit\/0.1","tags":["crypto"]} |
created | 2018-10-13 20:27:21 |
last_update | 2018-10-13 20:27:21 |
depth | 2 |
children | 0 |
net_rshares | 2,612,888,300,372 |
last_payout | 2018-10-20 20:27:21 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 2.592 SBD |
curator_payout_value | 0.862 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 189 |
author_reputation | 3,734,411,933,886,980 |
root_title | "Bitcoin and cryptocurrencies tank, why?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jrcornel | 0 | 2,559,233,762,412 | 100% | ||
jondoe | 0 | 46,378,417,997 | 100% | ||
iabuse | 0 | 6,929,731,594 | 15% | ||
sergino | 0 | 346,388,369 | 2.25% |