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The crypto-community is a pie whose size isn't changing much. Coin prices fluctuate as investors move money from one coin to another, which causes price fluctua
by themoon 10y ago
The crypto-community is a pie whose size isn't changing much. Coin prices fluctuate as investors move money from one coin to another, which causes price fluctuations. Attacks like this one which make ethereum look bad are beneficial to those other coins, who will expect prices to rise as a result of people selling their ETH out of fear.
- bfuller 10y agoAnd in the end, after the whale makes his profit in btc, he will probably reinvest in eth because it is low, gaining a larger stake in an already fragile economy, and will be able to exert more influence next time he tries to move the market.
- deleted 10y ago[deleted]