Crypto 360°

Monday, 19 April 2021

PSA: The incident that took a significant amount of hashing power offline yesterday did not interrupt service on BCH.

Despite the interruptions on the BTC network causing a backlog of transactions, slower block times and a spike in fees. Non of these issues impacted BCH because of its multitude of upgrades that have no counter part on BTC. Increased block size, 0 conf and most relevant currently the Assert DAA. BCH still is as fast and cheap as ever and resistant to infrastructure failure as well.

submitted by /u/wildlight
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source https://www.reddit.com/r/btc/comments/mtpl06/psa_the_incident_that_took_a_significant_amount/

$32 BTC transaction fees! 🩸🩸

submitted by /u/btcxio
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source https://www.reddit.com/r/btc/comments/mtpcpo/32_btc_transaction_fees/

Thank you Coinbase

For letting me deposit money immediately to buy the dip but not showing up in my bank account for a few days so my wife doesn’t catch on right away.

submitted by /u/angrypooka
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Sunday, 18 April 2021

Do not focus on the price. You're missing the point.

For the first time, we truly have peer to peer cash. Just think hard about what that means. BTC and eth can't make such a claim despite having been allegedly created for that purpose. No matter what the price is at, you can't put a price on utility.

submitted by /u/thebitcoinmogul
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source https://www.reddit.com/r/btc/comments/mt8aa1/do_not_focus_on_the_price_youre_missing_the_point/

Whales are stop loss hunting, stay strong!

First, the paper hands sell on the FUD that China is banning Btc, which is not true. Miners are collateral damage in the coal mine disruptions, which led to a power outage.

Whales enhance the selling by stop loss hunting. Stop losses gets triggered, increasing the selling pressure. Do not forget that whales purposely do this so they can buy at cheaper prices!

All in all, this is healthy for btc price in order to get a prolonged bullrun. Liquidating the greedy degens who trade with high leverage.

Anyway from a technical analysis perspective, this was a likelihood, as the price was going in a downward channel/pennant. If it broke down, 52k was the target. Chart

After this dump, btc price will rebound to ATH. 52k is the lower range where this dump can go. BUY THE DIP!!!

My prediction 75k end of April!

submitted by /u/Empirer2
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