The Halving just 2hrs to go
BTC 3
UNO 10
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perspective on this 'extreme illiquidity'
From what i can gather the whale dropped 800kg UN on one exchange.
Yes the other BTC markets reacted, moving down from 0.0035 to 0.0033;
the ALT pairs have remained in balance;
and despite the stabbing on Bittrex;
the price recovered back up to 0.0037;
so call spikes pumps/dumps to sensationalize;
plus with a little investigating (the source and reason) could be found.
800 UN is more than the total inflation for the next year (like maybe 3 years mining output) ... but lets just say 1 year ...
3,600BTC x 365days = 1,314,000BTC
Now take 1.3 million BTC and plunge drop them on just one exchange.
Is that a case of 'extreme illiquidity'?
$860,670,000
How would BTC liquidity handle that?
UNO just cleared that stress test
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Seems like some pretty foolish dumping unless someone is trying to break the support in the 3s to get the market moving in a prepump play.
i think you're right.
the only reasons i can conceive of are:
a) a foolish trader with fat fingers
b) a foolish whale attempting to manipulate the market
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Low market liquidity should be expected though eventually with a rare commodity like uno? No?
BINGO!
Brother you get it
UNO is not attempting to compete for the fiat/crypto liquidity championship.
High volume = hot stuff = you'll get burned if you hold it too long.
UNO went the other direction. Ice cold. You hold.
Which means the UNO market is likely to be slow and boring.
When it does move, it will indicate deeply and sound out long waves.
Right now UNO is such BTC 2010 ... woof
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Coinimi!
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i am not wise enough to explain how such a disgusting photo can explain a thing of beauty, but pictures are worth a 1000 words, Knife nailed it!
I think I can explain that chart.
Are you Whale Enough for $UNO?
Wolong Wasn't
Paul Vernon Wasn't.
Take your best shot.
A whale without patience is just...
sushi
The question now.
What falling knife do you HODL!?
