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What Prompted The Marketplace Drop? [Bitcoin and Cryptocurrency News]



 

 

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What Prompted The Marketplace Drop? [Bitcoin and Cryptocurrency News] –

Bitcoin and Cryptocurrency (crypto) information for 3/seven/2018. A seem at what is actually going on with Bitcoin, Ethereum, Ripple, Cardano, Litecoin and other cryptocurrencies today. Marketplace dips at the time more. Big information involving Binance and Mt. Gox that brought about things to head down.

Mt. Gox announcement:
Reddit put up about Mt. Gox promote off:
Binance CEO’s Tweets:

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25 comments

  1. I'm brand new to cryptos. started buying yesterday. $200 worth of litecoin and it's the only one in the green at 180/coin. I bought at the low of 175 because i did my research. hopefully this is a good move. HODL. Anybody have any good advice for less expensive cryptos I can buy with alternative wallets/exchanges, seeing as coinbase only has the priciest cryptos. I wanna diversify into cheaper and hopefully more profitable cryptos percentage wise

    Reply
  2. Your advise is excellent and well appreciated…Thank you

    Reply
  3. Thank you for share #cryptoryan0

    Reply
  4. Facebook market cap sits at $530B.

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  5. George can you look into Ontology? what are your thoughts? cheers!

    Reply
  6. There are way to many cryptoscurrency now!

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  7. I don't understand if someone sold thousands of bitcoins and somebody had to buy them if they were sold why the price drop?

    Reply
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    Reply
  9. The story about the Mt Gox Estate selling big amounts of BTC is very interesting and relevant; but not clear cut. Why is it that the entire market went down and not just BTC? The entire market capitalization of 800B was more than halved. 400M of BTC sold is less than half a percent of the total market cap – ? I agree that the Estate should have sold the BTCs off market. Everyone would have benefited from that.

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  10. lol tanking down hard … 340b ……

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  11. Why would he sell BTC to pay people who lost money in Gox???? Why not just give those people the BTC and let them invest it however they like??? It wouldn't have much impact on the market this way. This is getting stupid now or let me guess, it's one big plan right? ¯_(ツ)_/¯

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  12. Another big tankage this evening

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  13. George, Just to get your thoughts on the following. Does the environment like this Mt. Gox sell off to recover funds and pay off creditors detract in the long term to Bitcoin and Bitcion Cash due to the uncertainty of who knows when there will be more sell offs? Is this trust accountable to anyone? They could make other bets now with futures on the CME exchange and make money both ways betting against and then selling Bitcoin to tank the market and make a mint on the exchange. Draining the pond to get a normalized environment for Bitcoin can take a long time and creates FUD when it blindsides the market. Plus there isn't a lot of love loss with traditional FinTech and banks in this area who could be pulling for creating uncertainty.
    That would lead me to possibly look at Litecoin as a better, more reliable exchange insulated from at least the Mt. Gox trust scenario. Also with the SilkRoad history and "lost Bitcoins" not recovered, there's an uncertainty of true available distribution of bitcoins. Where as litecoin seems to be raising to the top of my perception as a prime blue chip crypto as one perspective. What are your thoughts?

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  14. CREDITS is using md5 for encryption, which is supposed sha256 hashing. Its that bad, even the terminology is wrong. But credits said they can update to sha256 in response. They also used the timestamp for wallet and private key and hash it to make a public key using md5, where md5 was already abandoned years ago for this purpose. That will cause it to be vulnerable to attacks. Its obvious they are new to the crypto space. It was only pointed at as red flags, not a scam.

    Reply
  15. the way binance has been handling these issues lately is top notch. always keeping everyone up to date via social media and being transparent about the problems. go binance team!!

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  16. you know what?? you and ivan rock the crypto info… most of the others are just entertainment..but you know what??!! you are my fave!! XX

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  17. I hope you feel better soon George! Also…I hope the market corrects itself without these whales. I believe in this new technology. Come on blockchain and associated currencies! 🖒🖒

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  18. Aspire is also 1,000,000. AspireCrypto.com

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  19. so if mt gox had that much effect then what happens to decentralization ? market manipulation ?

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  20. My account was hacked and has not been reimbursed as of yet.

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  21. No mention of bitcoin private hitting kucoin. Spiked over 500 before settling

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  22. I’ve been saying this for the longest.

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  23. It happened on coinbase today. Around 11am eastern. Take a look. Ether went from 750 to 705 in 5 minutes. Same for bitcoin and others. Thoughts? March 8th

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  24. Thank you! Great stuff as always! YouTubers like you George, like the fantastic Nakamotorized and ''her'' material, like Tyler S and Crypto Capital Venture help the community! Keep it up with the good work! Thanks again. 🙂

    Reply

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