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I'm willing to bet that this is happening because people are trying to get coins before the fork happens on November 16th.
by jdhn 9y ago
I'm willing to bet that this is happening because people are trying to get coins before the fork happens on November 16th.
- sheeshkebab 9y agoDouble the coins, double the profits! Right?
- jdhn 9y agoOf course! More seriously, I'm moving coins to Coinbase very soon as they're going to allow users to sell the new B2X coins the day after the split. I expect to make a 4 figure profit, but I'm not sure whether it'll be low 4 figures or high 4 figures.
- sodafountan 9y agoYou do realize that if you have a market entirely filled with sellers and no buyers the price is zero right? Who do you predict is going to be buying 2X
- sheeshkebab 9y agoIt would be good for btc to slow down for a while too. Otherwise the thing looks like a totally bogus Ponzi scheme.
- slindz 9y agoThere are many factors. November stands to be the most eventful month in Bitcoin's history. Educate yourself on the moving parts before making any big decisions. The biggest factor for me is that the miners are pissed off that both SegWit chains are meant to cannibalize the core tenets of Bitcoin with the goal of privatizing fees. This post explains it way better than I ever could: https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/ https://theflippening.github.io/open-letter-to-bitcoin-miner... I've moved 92% of my BTC -> BCH, and I've grabbed my popcorn. It's going to be an interesting month.
- mathgenius 9y agoAnd also because CME announced they will list BTC futures.