okipuy
Posts: 2
Joined: Thu Oct 24, 2019 5:26 am

$500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Thu Oct 24, 2019 8:57 am

Current hostility to Libra, the Facebook encryption currency, seems to be stifling Bitcoin's popularity. The price of Bitcoin fell as much as 8.7 percent from around $8000 to around $7500 on Wednesday, falling as much as $500 in two hours, the lowest level in five months, according to market data.

The $200m bulls on the BitMEX exchange were liquidated as a result of a sudden drop in Bitcoin prices. According to Twitter analyst taiwandan, BitMEX's Bitcoin clearing could begin with a huge payment on the Bitstamp exchange of 3600 BTC. Taiwandan said, "bids from $7800 to $6200 disappeared in less than 15 minutes." Data from TradingView also show that Bitstamp prices fell sharply before other major exchanges fell sharply.

With Facebook Chief Executive Mark Zuckerberg testifying before the House Financial Services Committee on Wednesday, other digital currencies, such as the etheric currency and the Leyte currency, fell 9.5 percent and 12 percent, respectively.

"the main reason is that Facebook's Libra is under a lot of pressure from Washington," said Matt Maley, equity strategist at Miller Tabak Co.

Another piece of news may also add to investors' concerns. The message says, Alphabet Inc. Google has built a computer that has achieved "quantum hegemony," and the fastest supercomputers will take about 10,000 years to complete their calculations in 200 seconds. Sceptics of encrypted currencies point out that advances in computing may make the slower workload of Bitcoin and other tokens out of date.

Traders pointed to a series of potential catalysts for a sudden collapse in encrypted currency prices around 8:30 New York time. Among the reasons cited are futures liquidity on exchanges such as BitMex, stable currency Tether trading below parity, and a general lack of liquidity in encrypted currencies.

The fact that significant kinetic energy is lost so quickly tells people that Bitcoin will take longer than they hope to become a widely accepted currency, Maley said.

It is worth mentioning that since bitcoin has fallen from $9500 on September 24 to $8,000 to $8500, this month's price has dropped eight times to $7,800, and from a technical point of view, the short-term trend in bitcoin has tended to be empty, The long-standing prejudice is also increasing.

mikloadbuk
Posts: 3
Joined: Thu Oct 24, 2019 5:29 am

Re: $500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Fri Oct 25, 2019 6:01 am

What do you think will happen with bitcoin

mikloadbuk
Posts: 3
Joined: Thu Oct 24, 2019 5:29 am

Re: $500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Fri Oct 25, 2019 7:55 am

BTC crash rocked the whole currency circle, and the market began to be restless again, with both bull and bear markets getting on the bus. After the crash, the short did not extend further downwards, on the contrary, it did not usher in a weak rebound, just to maintain a horizontal state, the overall fluctuation does not exceed $200, which is supposed to break the overall technical form. In the short term, it needs to be repaired to identify the next direction. On the Japanese line, after the BTC fell below the middle track of Brin belt, it was running in the downlink as a whole, although it rebounded slightly, but its strength was scarce, and it turned down many times. Probe, but this stage of the sharp fall to short ignited the fuse, resulting in the current trend is shrouded in short. Brin belt is slightly open downward, the short-term arrangement over time is expected to further open up the downlink space, in the short term, pay attention to the high point of this round of low rebound in the area of $7530 resistance, the key resistance is still located in the branch resistance conversion point of $7700, if the effective stand here, BTC is expected to return to the rally, on the contrary, it will further explore, while the bottom focuses on the support of the $7300 area. Once broken, there is a possibility of a new low. For the current trend, BTC has gone up and down The technical index is weak, it is expected to continue to concussion downward, for today's operation on the teacher suggested to maintain the high-altitude thinking. If you can't grasp the technical situation and message interpretation or hold the package, friends can discuss with the talking teacher.

kooli09
Posts: 2
Joined: Thu Oct 24, 2019 5:31 am

Re: $500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Fri Oct 25, 2019 8:27 am

I have $5000. Where can I buy digital currency

okipuy
Posts: 2
Joined: Thu Oct 24, 2019 5:26 am

Re: $500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Fri Oct 25, 2019 8:56 am

I suggest you choose a better platform to trade,such as SunCoin.

kooli09
Posts: 2
Joined: Thu Oct 24, 2019 5:31 am

Re: $500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Fri Oct 25, 2019 9:43 am

This is my first attempt,is SunCoin Down payment

starsamurais
Posts: 1
Joined: Fri Oct 25, 2019 8:48 pm

Donate BTC of your choice to bc1qjpqr537f5va0x9hdcyyhu8t7fxv8wtmhea8e

Contact: Telegram

Re: $500 for two hours! Bitcoin flashed overnight and fell to a five-month low

Fri Oct 25, 2019 8:55 pm

This is my first attempt,is SunCoin Down payment
Binance bro

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