BitConnect death plunge - $59.77 USD - August 24th 2017 - 11:30 PM - 50% plunge for just several minutes?
Bitconnect death plunge - $59.77 USD - August 24th 2017 - 11:30 PM
50% plunge for just several minutes?
First off it appears that the price of BitConnect is recovering favorably and expediently. So don't don't please don't start jumping out of your office window or off the bridge on your way home today.
I typically keep https://coinmarketcap.com/ open here on my little computer in my mom's basement.
Unfortunately I wasn't able to precisely ascertain exactly what amount of time that Bitconnect was in the death plunge. I monitor Coinmarketcap.com like 24-7 aside from when I take an occasional shower.
At the outset of my observation of the Bitconnect crash this evening (really its passed midnight now as I right this report) the price was even lower than what I was able to capture in the screenshot. I first noticed the price wreak when it was at like $53.something USD or $56.something USD.
At first I didn't intend to write anything about what appeared to be a price collapse of Bitconnect. It wasn't until I remembered that I had once witnessed something similar when a mid-tier coin had dropped down to 7 cents for what seemed like just several minutes in the middle of the night.
At that point I made up my mind to jot down some brief notes regarding what had transpired tonight so that we may study this type of phenomenon and analyze it more.
What are your thoughts?
Question: Is it normal for top-tier coins (anything over $100.00 USD) to plummet, or nosedive, 50% in price for fleeting periods of time during odd hours of the night?
Note: Btw, it's Central Standard Time here where I'm at in the US (and where I witnessed the events described in the foregoing report).
In other news, Steem is up a bit!
thx for sharing
After reading about bitconnectin this post, I made my decision to join in the bandwagon. The plunge could be related to the site maintenance that is presently ongoing. Let's hope for the best.
I think this not a first time bitconnect coin doing this type of jumps, in past also the same thing happened but it is always recovering in minutes, may be some people moving it smartly to take bebefit.
I think you're hinting around about ethereum when a huge sell order caused price to drop. I don't know about bitconnect. I haven't invested yet, but have tried. My virus software (malware bytes ) keeps closing the site down. Plus I lost about $1600 on bitlake. Still can't decide if I should shutdown malware bytes long enough to get account going. Bitconnect seems too good to be true, but man are people making money.
I'm ready to buy BCC as soon as the site is up - but its me
From what I can see, the site was hacked.
There are a few problems on that platform, the least of which is some now missing BCC.
I just look at their chart. Overbought on daily chart with a slight down trend. It can go down further.
Meanwhile, here is my technical analysis for today on Steemit.
Covering Bitcoin Cash, Bitcoin, Ethereum, Iota, Litecoin, Monero, NEO, Ripple, Steem, Gold and Silver.
https://steemit.com/trading/@tradersharpe/technical-analysis-2017-08-25
with Support and Resistance and watch levels.
bcc is a scam.
Are you able to elaborate based off of personal experience, information, or just riding a FUD wave?
I also believe it is s scam. If its all based on % why have a min buy in. Other trading site's like gdax dont have a min $ buy in. Gdax has a min crypt tranfer number, but that really low. With a hundred $ buy in they can afford to pay out people until they grow the pyramid. Why change bit to bcc? With % crpto moves up every day 1% is like crumbs from the kings table.
you are very stupid!!! bitconnect is nice :)
bitconnect it is not scam !!
Glad I didn't invest in BCC. Feel sorry for those who did. I an artist and I must say that the picture of the business man with the glasses and the graph/chart is really cool artwork. Good use of visual aid, and good info as well.
You are a asshole