This Morning at approximately 7 a.m. , the price of Bitcoin and other major cryptos began to fall precipitously, as the market had finally exhausted all of the automated buy in positions hovering around 6400.00 and slightly below. The rubber band like snap back behavior had lessened over the past few days, until it became too tenuous a hold, and there were not enough limit buy's in place and BitCoin is now trading at 6268.65 U.S.D.
The collapse of Maple Change is in my opinion partly to blame, it is unnerving to say the least that Hackers can rob one so easily of their stored currency, touted recently as "less volatile," and a "safe haven" in the coming storm.
The price of Bitcoin is attempting to recover , as this mornings action, which in my opinion was actually necessary for Bitcoin to move in any direction , has put the flagship cryptocurrency quickly and decidedly close to a supply point.
Nobody seemed to want to do anything with the price so firmly affixed to the 6400.00 U.S.D. mark it has stubbornly remained at for so long; but now people are and will be compelled to DO SOMETHING.
Caveat Emptor.
The collapse of Maple Change is in my opinion partly to blame, it is unnerving to say the least that Hackers can rob one so easily of their stored currency, touted recently as "less volatile," and a "safe haven" in the coming storm.
The price of Bitcoin is attempting to recover , as this mornings action, which in my opinion was actually necessary for Bitcoin to move in any direction , has put the flagship cryptocurrency quickly and decidedly close to a supply point.
Nobody seemed to want to do anything with the price so firmly affixed to the 6400.00 U.S.D. mark it has stubbornly remained at for so long; but now people are and will be compelled to DO SOMETHING.
Caveat Emptor.