Blood in the streets due to possible BTC Fork - Some Whales Killed Brutally!

in #bitcoin8 years ago

I wrote yesterday of possible BTC fork and 2 coins getting out in the end.

Price started tanking right now with super speeds.


If you were long on BTC this hurts..

BitMex killing Bulls

BitMEX XBTH17 futures has liquidated a long position of 433,685 contracts ($433,685) at 960.49. Margin lost: $4,336@100x; $8,673@50x -- Sat Mar 18 15:42:12 +0000 2017

BitMEX XBTUSD futures has liquidated a long position of 63,545 contracts ($63,545) at 965.91. Margin lost: $635@100x; $1,270@50x -- Sat Mar 18 15:42:33 +0000 2017

BitMEX XBTUSD futures has liquidated a long position of 117,853 contracts ($117,853) at 964.83. Margin lost: $1,178@100x; $2,357@50x -- Sat Mar 18 15:42:38 +0000 2017

BitMEX XBTH17 futures has liquidated a long position of 47,313 contracts ($47,313) at 950.85. Margin lost: $473@100x; $946@50x -- Sat Mar 18 15:42:39 +0000 2017

OKCoin Futures Also Eat Some Whales

OKCoin BTCUSD Weekly futures has liquidated a long position of 5,000 contracts ($500,000) at 957.34. Margin lost: $25,000@20x; $50,000@10x - 2017-03-18 23:42:22

OKCoin BTCUSD Quarterly futures has liquidated a long position of 1,181 contracts ($118,100) at 970.29. Margin lost: $5,905@20x; $11,810@10x - 2017-03-18 23:43:41

Current Top5 Exchanges Pricing

Top Altcoins People Run Into

STEEM on top!

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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Wow, there are some seriously sharp trends here! Amazing to see the Steem poke out of the dark after the lows of the last few weeks. Thanks for sharing, namaste :)

Bitcoin has the first mover advantage, which means being the first one is what keeps it at the top, and to stay on the top they need to retain three positions:

  1. Fast transaction time (bitcoin is slow)
  2. Low transaction fees ( not the case with Bitcoin anymore)
  3. Governance ( a fight over what should be done with blockchain size means they have weak governance)

I would say bitcoin as a technology can be developed more and saved, but because of social problems and weak governance, the end of bitcoin could be near.​

The small issue here is these exchanges said if there was a fork they would also add the newer version. Im pretty sure people are intentionally leaving that part out but everything i have read shows. If it does fork then they are agreeing to add the new standard as well. Why wouldn't they, in the first couple of days there would be massive fee's to have been had.

To the bitcoin maximalists that FUD'ed r/ethereum so hard because of the dao bailout hardfork and that ETC came to life, lol. Karma.

this was a good post. short and sweet. Resteem

amazing.!!!
there are some seriously sharp trends here, friend @kingscrown
good luck.

I am really curious what is happening in all these cryptostuff in future. Seem to be a really exciting time now.

Poor ol bitcoin.

Fascinating times in crypto, but for me Bitcoin is amazing for the stability it is showing, even in the face of being cut in two! Or should I say forked apart? In the last 24 hours Bitcoin has dropped about 5%, almost becalming. I just hope the fork threat will help sharpen minds of those directing the future of Bitcoin to get a roadmap in place to solve the scaling issues. Oh, and good luck Steem, what fun your roller coaster price changes are for us all!

i up-vote in the end because your thoughts and opinion are real and i am happy to see steemit on Top.

Yesterday was truly a brutal day for most crypto coins, but luckily things looking slightly more stable today.

What a great info post! Thank you @kingscrown!

This sounds scary!

Hi there! I just upvoted you! I found similar content that readers might be interested in:
http://clik.bz/2AIQ - BTC Fork