Discussion in 'BlackHat Lounge' started by Stuart92, Mar 10, 2017.
BitCoin has dropped $150 in the last hour wtf?! SEC has completely destroyed the cryptocurrency
The SEC did not completely destroy BTC and the sky is not falling.
It is here to stay and at some point it will stabilize whether the SEC recognizes it or one of the commodity exchanges like the Chicago Board of Trade.
Maybe someone dumped a lot of bc or some shit like that. Bc is never stable. Somethimes is was only a few hunders dollars and somethimes 1,5k
@BassTrackerBoats But people gonna feel insecure investing after the SEC rejection and that will somehow affect BitCoin. Hope their decision isn't final tho
Here is the reason for a 400$ move like that.
this is what happens when everyone jumps on the bandwagon and starts buying a lot. Past couple of weeks I saw alot of posts here and elsewhere of people suggesting others to buy BCs. Give it time it will go back up
I'm sure it dropped on the news that the SEC was not going to play ball.
It is a commodity and thus the news is part of why the price fluctuates as people react and often their reactions are knee jerk emotional ones.
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