There’s nothing new under the sun in crypto. When big exchanges have problems, bitcoin has problems, only the system has improved and there are many more exchanges, thus the market is effected for shorter and shorter amounts of times. I’m sure everyone remembers the last gift Bitfinex gave us…it was blessing. Well it seems they may have another in store for us.
It has been my contention for a long time that Bitcoin was in a similar time period to April 2013…at first it looked like great insight, than not so much, now I think it will look good again. We have our catalyst, as far as I understand (and I don’t use bfx so please correct me if i’m wrong) all US$ deposits have been disabled. I noticed a strange anomaly in the spread a few weeks back. twitter.com/btc_joe/...s/848568717898395648
This seems to have gone under the radar today…what is the real reason bitcoin has been on the rise over the last few weeks? I have my theories...
It has been my contention for a long time that Bitcoin was in a similar time period to April 2013…at first it looked like great insight, than not so much, now I think it will look good again. We have our catalyst, as far as I understand (and I don’t use bfx so please correct me if i’m wrong) all US$ deposits have been disabled. I noticed a strange anomaly in the spread a few weeks back. twitter.com/btc_joe/...s/848568717898395648
This seems to have gone under the radar today…what is the real reason bitcoin has been on the rise over the last few weeks? I have my theories...
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*withdrawels (not deposits sorry)
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The problems continue: www.bitfinex.com/posts
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Bullish news: bravenewcoin.com/new...-derivatives-system/ probably the catalyst. Does it outweigh the exchange problems in bitcoin? Time will tell. Meeting resistance soon, If the price can maintain above 1225-1230 then OKAY there may be nothing that can stop bitcoin. Well see.
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"If the price can maintain above $1225-$1230 then OKAY there may be nothing that can stop bitcoin. Well see." ...that's exactly what happened. And now it's looking like we will form a bullish engulfing on the weekly chart. While there have been plenty of reasons for bitcoin to drop, it seems honey badger dont keh. This looks like it may just go straigh into bubble mode on us.
