How To Lose $17 Billions In Less Than 2 Hours - Bitcoin Cash Whales Take A Break And Selling Begins

Another interesting thing this morning was to see when exactly the BCash reversal started. At 6:44 AM UTC it had $41 billions market cap:


Screen Shot 2017-11-12 at 11.44.06 AM.png


And then, less than two hours later, at 8:19 UTC, it had $24 billions market cap:


Screen Shot 2017-11-12 at 11.44.21 AM.png


I don't pretend I know why this is happening and how, because obviously I have no idea, but I know that somebody is on a ginormous bet here.

It's quite clear how the volume lowered, at which moment selling began. One and a half hour is, you know, just enough to have breakfast and a coffee. And when you get back after this, you see $17 billions vanished. So you start pumping again.

$17 billions is the GDP of Bosnia and Hertzegovina and it was made and lost in just 2 hours.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


You can also vote for me as witness here:
https://steemit.com/~witnesses


If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):

H2
H3
H4
Upload from PC
Video gallery
3 columns
2 columns
1 column
19 Comments