I know , there are two , maybe three sorts reading this right now.
There is the group that saw no crash coming, maybe was trading on the base coinbase platform, perhaps unawake when it happened , no stop loss , nursing your wounds, scratching your head , and hopefully getting ready to migrate your funds to a site WITH stop loss, but otherwise hurting.
The other group knew , sold when the crash started at approximately 7 a.m. or soon enough after to make some sort of profit buying it back at a lower price , and getting more as a result.
Either way , this recent tumult was something that needed to happen. Volume was at an all time low , and stalled at a point where enough people couldn't come or go in any kind of responsible fiduciary fashion.
Before the crash the media was doing it's level best to initiate one, with stories questioning whether Bitcoin was the harbinger of the apocalypse , here to deplete the planet of it's energy stores and then disappear right along with the energy , but in this writers opinion it was the breach of "Maplechain," and total loss to investors that brought about the crash , other than the governing, unspoken laws of economics finally exerting their full weight on the market.
Healthy markets cannot exist forever trading in an ever narrowing channel with less and less volume whilst requiring the sort of resources the bitcoin market does require , and no matter to what degree a market is central or decentralized, it doesnt exist in a vacuum. Something was bound to happen and it did. Later on the day of the crash fake media portended the further crash of bitcoin that very day and it didn't happen.
Caveat emptor, and please friends, don't believe everything that you read. If you do wish to you can read about how Paul Ryan has come out and said that crypto will prevent the recession.
There is the group that saw no crash coming, maybe was trading on the base coinbase platform, perhaps unawake when it happened , no stop loss , nursing your wounds, scratching your head , and hopefully getting ready to migrate your funds to a site WITH stop loss, but otherwise hurting.
The other group knew , sold when the crash started at approximately 7 a.m. or soon enough after to make some sort of profit buying it back at a lower price , and getting more as a result.
Either way , this recent tumult was something that needed to happen. Volume was at an all time low , and stalled at a point where enough people couldn't come or go in any kind of responsible fiduciary fashion.
Before the crash the media was doing it's level best to initiate one, with stories questioning whether Bitcoin was the harbinger of the apocalypse , here to deplete the planet of it's energy stores and then disappear right along with the energy , but in this writers opinion it was the breach of "Maplechain," and total loss to investors that brought about the crash , other than the governing, unspoken laws of economics finally exerting their full weight on the market.
Healthy markets cannot exist forever trading in an ever narrowing channel with less and less volume whilst requiring the sort of resources the bitcoin market does require , and no matter to what degree a market is central or decentralized, it doesnt exist in a vacuum. Something was bound to happen and it did. Later on the day of the crash fake media portended the further crash of bitcoin that very day and it didn't happen.
Caveat emptor, and please friends, don't believe everything that you read. If you do wish to you can read about how Paul Ryan has come out and said that crypto will prevent the recession.