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I picked up 8k and made orca but set much lower buy orders in case the dumping continues. Our liquidity is paper thin and if someone decides they want to dump millions of coins all at once that's basically just a free-money flash crash.

much lower buy orders in case the dumping continues.

Yep. I am setting up some even lower. Just in case. I was planning on holding the BTC, but opportunities like this are rare. If it doesn't drop, I have my BTC, if it does, I have some HIVE :)