Watta Dump on BTC not just on price...

in bitcoin •  5 years ago 

I been online luckily to take action on this, but that fat 1k candle.. oh man. Amazing. Bitmex as usual got freezed a bit while on PrimeBit you could play it like a pro with 0 lags.

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Okay so price dumped mad but what else ?
Hashrate. 40% of hashrate disappeared today.

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400 million USD longs liquidated on BitMex..
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bitcoin busy mining palnet
5 years ago by

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      ·  5 years ago 

    Been watching and waiting for this for weeks. Kind of exhilarating when it finally happened. Sorry to the weak hands who had to bail, but a decent entry point for anyone with the dry powder. I am just hodling on and adding weekly no matter what.

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      3 votes
      [-]
        ·  5 years ago 

      china is not dumpin so far

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        ·  5 years ago 

      I noticed that as 9PM rolled past. Well that 8500ish gap is now filled so with that monkey off our back maybe we can just get back to breaking 13K. Wouldn't that be nice.

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          ·  5 years ago 

        One more dip and we all good! Target $5300-$7500. Stack some small longs now at 2x and cost down baby!!

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            ·  5 years ago 

          hope not but who knows

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            ·  5 years ago 

          It was odd that the hash rate dumped like that several hours before the price did... correlation?!

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              ·  5 years ago 

            and theres no news on the reasons, very strange

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                ·  5 years ago 

              Yea usually some large mining farm gets flooded or damaged or shut down when we see hash rate drop like that... strange.

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