As we were still in awe observing the incredible ascend of bitcoin up to 15K $ and incredible rise reaching 19.5K. The result..? All Coin Trade Markets are down now.
The market was quite active past 24 hours. The activity reached a new high around 11:00 eastern time and as the price of bit coin kept rising I suddenly realized that the right side of the depth chart was well virtually non existent. There was no real resistance all the way up to 20K. As the continuous flock of small to mid size buyers kept rushing BTC price rocketed to 19.5K. At that stage all became erratic and went down the drain. GDAX and Bitfinex was non responsive and price updates were lagging terribly. And not to anyone's surprise the markets just froze.
MY first choice of trade GDAX having a "minor service outage" - as they put it.
Bitfinex was also taking a litte nap.
LESSON TO BE LEARNED:
When the market is accessible to all but unable to provide enough bandwidth coin markets that does not offer direct dollar deposit seems to be the ones standing. Today the only reason I could take some action was thanks to Bittrex.
Yes it was quite the mess today for sure, I watched this all go down as I am watching charts everyday... nice post...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @rocannon! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit