Really?This is the first time I've heard of something like this, a massive sale of bitcoins due to disagreement with changes in the protocol. I suppose those who are selling have much more than that to sell as a sign of protest.
The previous theory I had heard was that this was due to Trump's threat of tariffs over the Greenland issue, but if that were the case, it would have happened earlier.
Yes, geopolitics also interferes, in addition to early liquidations in the speculative market. Now the biggest sell-off is coming from long-term holders unhappy with the increase in the OP_RETURN limit by the Bitcoin Core developers.
Where did you get this news from? I tried using the source link you provided but seems like it is your website and I also tried searching for it but I couldn’t find any info about it..
I also saw that the decline was somehow related to the US and EU trade wars but I couldn’t find how it is related to what is written in the OP
According to this source: (
https://beincrypto.com/bitcoin-price-13-percent-breakout-hope/ ) more than sixty thousand BTCs from old wallets were sold in just one hour. This hit the order book and caused early liquidations long in the speculative market.
It's obvious you have a thing against OP_RETURN. It would be better if you just straight up say why you do not like a thing instead of looking for events to score points. The average bitcoin movement a day is between 2-3 percent so it's not a big deal as you're making it to seem,
What a shocker that Bitcoin went from 95,000 to 92,000.
By the way, Bitcoin has gone down by 2.18 per cent in the last 24 hours, that's normal, considering how Bitcoin moves.
Yes, I am against increasing the limit for OP_RETURN, which is why I published how to migrate to Knots here : (
https://bitcointalk.org/index.php?topic=5565846.msg66066444#msg66066444 ). In fact, the drop wasn't that big, the issue is that there's a lot more of a drop ahead, fueled by institutional investors trying to take over the network.
Nice way to shill your website her OP. I'm no expert in technicalities as far as Bitcoin goes, but I have seen this OP_RETURN debate since late last year so maybe the effect is price in or maybe investors are not concern about it. In any case, as others have said, the decline might be influence by the geo-political things that is going around especially around's Trump announcement that he wanted to annex Greenland. And with that, there will be a military action, but his allies are not willing to allow him to do that and so they build up their presence in the Danish area. So many investors might be afraid, and so they could have pulled some of their stash and sold because of the possible conflict.
