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RE: The RISE of ETHEREUM CLASSIC - A Black Swan Moment?

in #cryptocurrency8 years ago

The timing of the release onto Polo came in at nearly the top of this current rise, which is a bit suspect as it would not be hard to envision what this would do to the market prices... add 1 part uncertainty + 1 part chaos + 1 part while most are sleeping = an easy short opportunity. Thinking back to the DAO hack, the timing was also curious when you think about it. Lesson = when everything seems peachy, expect the unexpected b/c it's in someone's best interest to make that happen.

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Yes that especially applies in the crypto world. There is a tendency for everything to be going well before there is a sudden unexpected calamity e.g. Mt Gox, Mintpal, the VRC theft etc.