November 14th Crypto Market Crash: Live Videos x4 + More

[dragononcrypto]

Background article: https://www.cryptoglobe.com/latest/2018/11/bitcoin-drops-below-6000-for-first-time-in-months-as-13bn-wiped-off-markets/

Bitcoin Price Drops Below $6,000 for First Time in Months as $13bn Wiped off Markets

The cryptocurrency ecosystem is currently going through a red day as most top cryptocurrencies are currently taking a hit, with some dropping over 20% in the last 24-hour period. The cause behind the massive downswing is, at press time, unclear.

According to CryptoCompare data bitcoin, the flagship cryptocurrency, has dropped below the $6,000 as it’s currently trading at $5,900 after falling 7.52% in the last 24-hour period. The sudden drop comes as BTC was becoming uncharacteristically stable, with its 30-day volatility index dropping to levels it hadn’t seen since December of 2016.Bitcoin has been dropping at a rapid pace in the last few hours

The drop is seeing the flagship cryptocurrency retest its yearly lows. As visible in the chart, however, its Relative Strength Index (RSI) has dipped into the oversold zone, which could mean the cryptocurrency may soon bounce back. Its support slightly below the $6,000 mark has been tested numerous times so far this year, and has been able to hold.

Other top cryptocurrencies, including Ethereum, EOS, Monero, Dash, Litecoin, and Zcash have seen their prices drop between 12% and 16% in a sudden sell-off that has seen the cryptocurrency market lose $11 billion in only a few hours.

The sudden drop has seen BTC hit its lowest price since July. Yahoo Finance’s cryptocurrency heatmap provides an overview of how things are in crypto land.

An overview of the crypto ecosystem's drop

The day’s biggest loser, among top cryptocurrencies, is Bitcoin Cash (BCH), as it has seen its price drop little over 20% in said period. The cryptocurrency has been rather volatile, as it has gained and lost 50% of its value in only a few days.

In the last two weeks, BCH saw its price go from about $425 to $640 ahead of its November 15 hard fork, as two different implementation – Bitcoin Cash ABC and Bitcoin Cash SV – threaten to split its network, which would reward holders with airdropped tokens.

Most cryptocurrencies often surge ahead of contentious hard forks as users buy to gain access to the airdropped tokens. Since its $640 high, however, BCH has been steadily dropping and is now back to $436. Below is the cryptocurrency's price performance in the last two weeks.

Bitcoin Cash is today's biggest loser

As CryptoGlobe recently covered, the Bitcoin Cash SV side recently saw its pre-fork “futures” on Poloniex surge as self-proclaimed Satoshi Nakamoto Craig Wright revealed over 50% of the network’s hashpower was supporting it.

This saw SV’s futures jump above those of ABC, as most users seem to be betting on it to win the “fork wars” that’ll be settled soon. Craig Wright, however, has threatened to use the network’s hashpower to “choke” the opposing side, by mining empty blocks. This would block transactions from going through, rendering the cryptocurrency useless. BCH’s drop is seemingly bigger as users are factoring in the airdropped tokens could be virtually useless.

[dragononcrypto]

Similar theme from Crypto Love (also live as of typing):

Crypto Market Crash Today... WHY???  😱😱😱

To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE.  I am merely educating and entertaining.  What you do with your own money is your own responsibility.  Seek the counsel of an intelligent financial advisor (good luck finding one) before investing yours or anyone else’s money.

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. In limited circumstances the speaker has been compensated by a third party. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This is not an offer to sell securities.  Never invest more than you can afford to lose. You should consult with your professional advisors before purchasing any cryptocurrencies.

[dragononcrypto]

Who isn't live streaming the drop at the moment? Crypt0 live stream:

LIVE- Bitcoin Falls Off A Cliff: Bottom?

*Nothing I state, share, express, or allude to should be considered professional advice or recommendations of action. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. Consult a professional (or two...or more) for any tax, accounting or legal related questions you may have.

[dragononcrypto]

One of the first crypto youtubers to upload a video:

📉 Why Is Crypto Dumping?!? Is Bitcoin Cash Responsible?

Why is crypto dumping?!? Is $BCH responsible? Craig Wright’s rampage, hash rate wars, Bitmain deploys 90,000 S9 miners, IMF suggests digital currency, Liquid potential exit scam, $ICX FUD, $OMG taxis, NEON Wallet 2.0, crypto news, and more!

[dragononcrypto]

Another live stream featuring Tone Vays (after 20 minutes):

Hyperwave - Into The Void $BTCUSD

D. Tyler Jenks, the President, and CIO of Lucid Investment Strategies LLC developed the proprietary technical system of Hyperwave. After 40 years as an investment manager, he discovered over 300 examples of Hyperwaves within various asset classes; stocks, bonds, commodities, indexes, and cryptocurrencies.  Through careful study, he invented and developed the Hyperwave Theory, which is a technical tool to analyze the Hyperwaves and determine price movements. Tyler believes that Bitcoin is currently in a Hyperwave and through these vlogs, he will educate, elucidate and explain the techniques needed to understand this powerful tool.

Tyler has managed billions of dollars for Institutional Investors, Pension Funds, Hedge Funds and individual clients. He received his MBA from the University of Hawaii in 1975 and has been involved in the financial markets ever since. His background in technical analysis includes all the major techniques including a number of proprietary systems he and others created and designed.

Tyler believes that Hyperwaves occur when there is a momentous shift taking place in the macroeconomic environment. Hyperwaves were formed as the world entered the Great Depression when Bretton Woods was scuttled with the US going off the gold standard in 1971, when Japan rose to world economic prominence in the 1970s and 80s, when the Nasdaq was powered by the dot-com bubble and now, with the introduction of Bitcoin and cryptocurrencies. Amazingly, Tyler believes this newest Hyperwave could be the most significant he has ever studied.