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24 Sept. 2019 Price Drop Caused By Margin Calls


wry

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Posted

All cryptos, not just BTC where down today.  I had heard a rumor that this was driven by the Craig Wright court case, but that would effect BTC and BCH not ETH, LTC, and all the other crypto coins that are getting taken out and shot today.

One news story that I found that would explain it was margin calls.

Link:  https://www.coindesk.com/bitcoins-price-slides-1000-in-30-minutes-after-margin-calls-at-bitmex

Since margin calls would compel selling entire portfolios that might explain why all coins are effected.

Posted

4% own 96%.. the market is a puppet at this point.  ;P
everything that has happened since day one of White Paper has been a brick laid like any other, imo.

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