The recent Bithumb hack was a test to gauge fear in the markets - we passed quite well - only a $200 drop.
We passed too well though. The Tweet that funds would be covered by Bithumb has since been deleted. This will turn into a bigger situation until the market drops further.
The good news is they can only hold us for so long - we are so close Jow Forums. Sentiment is changing, the fear is gone. We are starting to see restlessness, and the beginnings of anticipation.
Stay strong for the next month, max. Screencap if you wish, I'll post this again mid-July.
Why would Bitthumb blocking deposits/withdrawals cause a price crash anyway? It doesn't affect the supply at all. If anything if should just cause the price to pause for a while as liquidity drops.
Daniel Diaz
Is that mac and cheese or potato salad? You'll make it.
Levi Walker
Bithumb is a top-10 exchange for volume.
1. Restricting deposits and withdrawals limits liquidity and overall trading so it does affect the supply - the circulating supply.
2. The market negatively reacts to events like these if you haven't noticed.
3. A prolonged lack of response or confirmation of the situation will increase negativity and result in a further price drop.
4. Someone is draining Bithumb's hot wallet currently, paying 100x the normal price of fees to do so...
Justin Scott
> next month, max Is it chinese new summer or what? Come on buddy.
1. Coinbase PRO June 29th 2. Financial institutions literally entering the market EOM and in July 3. News coming out that "Tether is safe"
It's already starting...
Lucas Hughes
sort of both, it’s potatoes au graten. Basically Mac n cheese but with diced potatoes instead of noodles.
Ryan Smith
yeah ok
Ian Murphy
Institutions don't buy the way you think they buy and they couldn't give less of a fuck about trading news. Maybe you can get this pumped for an alt weekend but make sure you can post for the quadruple bottom in mid August and mid September.
Chase Evans
Slice your potatoes long-ways and cover/bake them in the oven with some cream of mushroom (add water to cook your taters of course and season to taste) Easiest scalloped potatoes of your life
Angel Hall
>Financial institutions literally entering the market lol
Jonathan Bailey
oh? and how do they buy?
David Harris
man id like some of t hem STEAKS right now
Mason Collins
Wow, I remember you buddy. You was always posting this delicious foods. Glad to see you back on board!
Liam Smith
Zoom out, look at the volume and then consider suicide. We in for a slow bleed for another 6 months. Unless this thread is from the future, then i guess fuck if u want fuck
Jaxon Robinson
They use what amounts to smurfs
Parker Morgan
Why should I care about good news about tether when it will always be worth a dollar?
Camden Gray
tether was a ticking time bomb you absolute dumbfuck. its not about investing in tether to make a profit. its about market sentiment changing and public distrust changing.
