How To Lose $17 Billions In Less Than 2 Hours - Bitcoin Cash Whales Take A Break And Selling Begins by dragosroua

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bitcoin · @dragosroua · (edited)
$12.82
How To Lose $17 Billions In Less Than 2 Hours - Bitcoin Cash Whales Take A Break And Selling Begins
Another interesting thing this morning was to see when exactly the BCash reversal started. At 6:44 AM UTC it had $41 billions market cap:
***
![Screen Shot 2017-11-12 at 11.44.06 AM.png](https://steemitimages.com/DQmPvKucE2GmZcRsqWPLHTboP8nrmiJCVw9HcVaySpTsj73/Screen%20Shot%202017-11-12%20at%2011.44.06%20AM.png)
***
And then, less than two hours later, at 8:19 UTC, it had $24 billions market cap:
***
![Screen Shot 2017-11-12 at 11.44.21 AM.png](https://steemitimages.com/DQmQXKkE7yhQBxNS5dkQJRvRfVnVu9gaNJvJ1q6Q7yr3XRq/Screen%20Shot%202017-11-12%20at%2011.44.21%20AM.png)
***
I don't pretend I know why this is happening and how, because obviously I have no idea, but I know that somebody is on a ginormous bet here. 

It's quite clear how the volume lowered, at which moment selling began. One and a half hour is, you know, just enough to have breakfast and a coffee. And when you get back after this, you see $17 billions vanished. So you start pumping again.

$17 billions is [the GDP of Bosnia and Hertzegovina](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)) and it was made and lost in just 2 hours.
***
_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
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_If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform)_:
* [Rewards: Were Does The Money Come From?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-rewards-were-does-the-money-come-from)
* [Netiquette: How To Avoid Being A Steem Douche?](https://steemit.com/steem/@dragosroua/steemit-newbie-faq-netiquette-how-to-avoid-being-a-steem-douche)
* [Witnesses: What Are They And Why Should You Care?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-witnesses-what-are-they-and-why-should-you-care)
* [How Can I Mine Steem And What CPU / GPU Power Do I Need For That?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-how-can-i-mine-steem-and-what-cpu-gpu-power-do-i-need-for-that)
* [The Beginner Guide To Not Getting Hacked On Steemit](https://steemit.com/steemit/@dragosroua/the-beginner-guide-to-not-getting-hacked-on-steemit)
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@mejustandrew ·
$0.04
Let the sell begin! :))
👍  
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@jonknight ·
$0.07
That is a ton of wealth being created and destroyed in a very short time. What a chart!
👍  ,
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@dragosroua · 
Exactly!
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@japfive · 
@dragosroua i don't really ready the contents but i feel for such great opportunity but batter opportunities await you
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@hms818 ·
$0.06
We can expect many more such events to happen in future , as many wealthy investors are joining cryto space and manipulating the market.
👍  
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@vortac ·
$0.05
https://i.imgflip.com/1z8im4.jpg
👍  ,
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@dragosroua · 
:)))))
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@gotgame ·
$0.05
How does one lose $17 billions... It's unimaginable.... Someone's on a rampage
👍  ,
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@sstefan ·
$0.04
Well that escalated quickly. 
I'm not even mad about it. I hope one day to be able to do this kind of stuff as well :)
👍  ,
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@janine-ariane ·
$0.04
I think the surprise of loosing will have been bigger as the one winning.
👍  ,
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@friesennerz · (edited)
$0.05
What hapend ther was that Bithumb whent offline, short before the price droped.  That was the exchange with by far the biggest volume. Every one can think what they want but i smell a whal ther and a litle pump and dump game.
👍  , ,
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@dragosroua · 
> Every one can think what they want but i smell a whal ther and a litle pump and dump game.

I hear you...
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@vimukthi · 
BCH had over 700% bull run. Loosing 50-60% is still 400% gains. This is only a healthy correction. No pump & dump. Before the end of the year I'm 95% sure we'd see BCH over $4000. It's definitely going over $3000
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@myeasin · 
Thats a ton of wealth being created and its a short time @dragosroua
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@andyluy ·
$0.05
I was expecting prices of BCC to go down but not that fast and not that brutal lol hahaha
👍  ,
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@blazing · 
Their weekend is made full of fun
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@trevor.george ·
$0.05
Wow! I'm glad I wasn't in that game.
👍  ,
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vote details (2)
@sebi99p · (edited)
I have no idea what is going on with BTC and BCC lately, but I guess the cryptosphere is indeed the wild west. I love freedom, but this just invites regulation in...
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@allthereisislove · 
upvoted 

may be this interests you

https://steemit.com/cryptocurrency/@allthereisislove/how-i-made-a-near-100-profit-on-dash-in-10-days

thank you for your time
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