49 BTC sell wall was eaten!
Congrats guys for the historical even: 1 block cost more that $1 now!
Say thanks to Ark for that
. Some core devs decided it was a good idea to dump their shares today, much earlier than it was mature, so other investors quitted after the first dump happened, and I don't expect it going that way again in the short term. They got someone really annoyed, and got even delisted in coinmarketcap. Before they were in 23rd position, and now in 320ish as "low volume",
Kids lambos need to wait a bit, especially if your share represent a large part of the shares in circulation. And moreover, a non-cap company that makes that huge dump will not recover that easily, especially if with such low volume.
Market cap is something really ambiguous, as it can only apply to Bitcoin I would say, basically because it's really spread and no one really has the control. Given that, any number of Bitcoins you would have will be sold at market price, as the volume is so large that your part is insignificant in moving it up and down. This, doesn't apply to alt coin market, as trading there is just a small part of the total, and you could create a panic on which the project will never recover. Thus, I hope I can prevent that situation happening, or at least, make the volume of BTC needed for this really difficult for potential attackers to persuade them.
I saw this project sometime ago and I have really good feeling with it, so I am happy to join it, and this team looks more serious than the one in Ark, so these wall eaten will not dump anytime soon.
Long live Blocknet!