Some people already know this but I'm going to post this anyway cause I know ya'll curious why price is going down. So just moments ago tether announced they have lost 30 million usdt to external "hacker". Prior to this incident there were sources reporting Bitfinex got cut off by the banks and when their users requested withdrawl from the exchange, they couldn't pay them. So they allegedly used the printed tether to prop the prices of BTC to attract people into buying BTC and using the new deposits to pay for those withdrawls they couldn't earlier.
I cannot say there is definite proof of this yet but this is the story out there in case people are curious. I also can't say this will have any impact on BTC but just a word of caution trade with what the market indicates don't FUD or FOMO. Trade safe!
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oh yeah and also people from all cryptos are dumping their coins for BTG which is skyrocketing right now.
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Word of caution if you plan on swapping for BTG careful with new coins. Confido's devs just scammed people of their money with their fake coin recently. I would back out sooner than later.
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I meant smart contract. Anyway point is there's plenty of fraud and scams going on so be on your toes.
What do you think about this post? pastebin.com/aiAE30S2 I don't understand the potential consequences.
Xamton
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@Kush-TRADE, Not entirely sure. If it's true then there would probably be more drama.
Kush-TRADE
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@davidlxchen, Between BTG definetely got a pump, but have you seen DASH? New ATH.
yvofox
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@Kush-TRADE,
"All" the miners would move to BCH because it's more profitable. Less blocks mined in BTC so a lot of tx will be waiting to get processed. So price will drop again
I don't understand the potential consequences.