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It's not just bitcoin. ETH and LTC have both spiked in price recently as well - ~2x for ETH, and ~3x for LTC, vs. prices 30 days ago.

Mendenhall 9y ago
Heck I think even dogecoin went +2x.
- Cybourgeoisie 9y ago
  At least 5x in the past 1.5 months, actually - from ~$.00025 to ~$.00145 (now $.00125). I watched it climb in disbelief. Most of the top 20 or 30 alt-coins saw at least 2x market cap increases in the past 2 months, some had 10x or greater increases.
  - deleted 9y ago
    [deleted]
DaiPlusPlus 9y ago
LTC spiked because Coinbase added them to their trading service - I'm surprised that making something simple and easy to use would bolster activity like that. Is it safe to say "Coinbase is the iPod of Bitcoin"? That's what it feels like.
- c0nducktr 9y ago
  Only if iPods constantly broke and when you bought songs on iTunes they weren't delivered on time. I'd advise anyone thinking of purchasing Bitcoin through Coinbase to take a look at /r/coinbase. Their support is pretty much non-existent. Edit: Not only is support non-existent, people are having problems accessing their funds, getting charged different amounts than what they agree to when buying... It's feeling like MtGOX all over again.
  - Obi_Juan_Kenobi 9y ago
    FUD Coinbase isn't perfect but 99% of the problems people have with them are due to KYC/AML. That, or they're shocked (indignant!) that they have to pay taxes on capital gains.
    - c0nducktr 9y ago
      Well as someone who's currently waiting on support@coinbase.com to respond to a ticket, it certainly doesn't feel like FUD. It's not related to KYC laws either, I've been a customer since 2014.
- strictnein 9y ago
  Only if trying to buy songs on an iPod caused your bank to freak out. I'm at a top 5 US bank for my checking and credit card. They were nonplussed with my attempts to move money to Coinbase.
  - Jotra7 9y ago
    Sounds like you should switch to a credit union, friend.
  - DennisP 9y ago
    I'm at a credit union and had no problems whatsoever.
- oscilloscope 9y ago
  Litecoin also activated the segregated witness in the past week.
- wmeredith 9y ago
  > I'm surprised that making something simple and easy to use would bolster activity like that. Really? This is Apple's business model (you know, the biggest company in the world). This is what I've built my career around (UX designer).
- redog 9y ago
  That feels very apt
cableshaft 9y ago
ETH has actually gone up 9x since mid-February. That was when it was first available on Coinbase too, so it was easy to buy then. I got some myself at that time, just not enough.
SippinLean 9y ago
Ripple (XRP) even surpassed ETH to have the second largest market cap behind XBT for a little while
- kristofferR 9y ago
  The trade cap of Ripple, especially, is sketchy since it was pre mined. If I create a krisCoin with 1 million total coins and sell 1 kCoin to you for $10 the market cap of krisCoin is suddenly $10 million.

Mendenhall 9y ago

Heck I think even dogecoin went +2x.

Cybourgeoisie 9y ago
At least 5x in the past 1.5 months, actually - from ~$.00025 to ~$.00145 (now $.00125). I watched it climb in disbelief. Most of the top 20 or 30 alt-coins saw at least 2x market cap increases in the past 2 months, some had 10x or greater increases.
- deleted 9y ago
  [deleted]

DaiPlusPlus 9y ago

LTC spiked because Coinbase added them to their trading service - I'm surprised that making something simple and easy to use would bolster activity like that. Is it safe to say "Coinbase is the iPod of Bitcoin"? That's what it feels like.

c0nducktr 9y ago
Only if iPods constantly broke and when you bought songs on iTunes they weren't delivered on time. I'd advise anyone thinking of purchasing Bitcoin through Coinbase to take a look at /r/coinbase. Their support is pretty much non-existent. Edit: Not only is support non-existent, people are having problems accessing their funds, getting charged different amounts than what they agree to when buying... It's feeling like MtGOX all over again.
- Obi_Juan_Kenobi 9y ago
  FUD Coinbase isn't perfect but 99% of the problems people have with them are due to KYC/AML. That, or they're shocked (indignant!) that they have to pay taxes on capital gains.
  - c0nducktr 9y ago
    Well as someone who's currently waiting on support@coinbase.com to respond to a ticket, it certainly doesn't feel like FUD. It's not related to KYC laws either, I've been a customer since 2014.
strictnein 9y ago
Only if trying to buy songs on an iPod caused your bank to freak out. I'm at a top 5 US bank for my checking and credit card. They were nonplussed with my attempts to move money to Coinbase.
- Jotra7 9y ago
  Sounds like you should switch to a credit union, friend.
- DennisP 9y ago
  I'm at a credit union and had no problems whatsoever.
oscilloscope 9y ago
Litecoin also activated the segregated witness in the past week.
wmeredith 9y ago
> I'm surprised that making something simple and easy to use would bolster activity like that. Really? This is Apple's business model (you know, the biggest company in the world). This is what I've built my career around (UX designer).
redog 9y ago
That feels very apt

cableshaft 9y ago

ETH has actually gone up 9x since mid-February. That was when it was first available on Coinbase too, so it was easy to buy then. I got some myself at that time, just not enough.

SippinLean 9y ago

Ripple (XRP) even surpassed ETH to have the second largest market cap behind XBT for a little while

kristofferR 9y ago
The trade cap of Ripple, especially, is sketchy since it was pre mined. If I create a krisCoin with 1 million total coins and sell 1 kCoin to you for $10 the market cap of krisCoin is suddenly $10 million.