BitcoinGold & Market manipulations attempt ?
I'm wondering, I'm not saying anything.
While Bitcoin was in full swing, on the 24th of October there were considerable simultaneous Alts purchases on the eve of the BitcoinGold fork.
We know that Coinbase announced that the fork expected on the 25th had already taken place.
(here my first post with this infos)
While everyone was storing his Bitcoins, some people bought the 24th massively & precisely at the same time.
I did it as well as I wasn't interested in BitcoinGold, but the situation is different. It looks like these people knew that its value wasn't going to have an impact on the market & took advantage of it to buy the best Alts at the lower price & sell them higher quickly.
Look how some well-known coins particularly moved at the same time
Ethereum
NEO
Ripple XRP
QTUM
OMG
Monero XMR
and so on ..
We can clearly see when these purchases took place. None of these crypto were able to break out the week after.
Only Stratis was able to do something during that week...
Guess what...?
Stratis
Any comment or info appreciated.
Cheers
The BTG fork introduced uncertainty to bitcoin, but not the alts - so the alts surged while the FUD was getting sorted out.
Current strategies for shorting alts may need to wrap up quickly with the Segwit2X fork Nov 16h(ish) - as that fork may have a similar surge affect on alts.
I agree, but why this surge particularly the 24th morning in 2 hours (UTC time) ?
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