BTC is barely hanging on after the CRASH (It'll plummet like a rock if Pirate starts paying in any meaningful fashion.)
I don't get why BTC is supposed to plunge if Pirate pays. Just to release the panic and drama?
I am waiting some coins from Pirate and have no intentions to sell if I get them, even if I could make some fast bucks cheap.
BTW: it could be advisable to keep an eye on silver too.
The actively traded/used coins is in the 2-3 million range.
Add 500k+ coins to those and even if only a small portion sells it'll drop the price.
In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.