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Interesting, looking at the price graph Ethereum's price seems to correlate with Bitcoin's, which lost about %20 of value ($500) recently. In case anyone's wond
by zo7 9y ago
Interesting, looking at the price graph Ethereum's price seems to correlate with Bitcoin's, which lost about %20 of value ($500) recently. In case anyone's wondering, the crash seems mainly driven by anxiety of an upcoming blockchain fork splitting the currency in two next month.
http://www.zerohedge.com/news/2017-07-15/bitcoin-battered-below-2000-ether-tumbles-august-1st-scaling-deadline-looms http://www.zerohedge.com/news/2017-07-15/bitcoin-battered-be...
- j_s 9y agoHN discussion: Bitcoin – Potential Network Disruption on July 31st | https://news.ycombinator.com/item?id=14758587 https://news.ycombinator.com/item?id=14758587 An interesting comment there mentioned the need to control private keys (as opposed to leaving them with an exchange) to take advantage of a split by selling coins on both sides of the split.
- joshschreuder 9y agoThe prices of all cryptocurrencies are strongly correlated with Bitcoin (ETH included). Partly because it is the most publicly known, but also because a lot of places still need to transfer fiat -> BTC -> othercoin