4 ms·

So... this should probably mean a deep dive for btc price then, right?

ashark 9y ago
I checked coinbase expected exactly that, thinking "oh man, I'm glad I didn't sell my eth a month ago to buy into bc trying to capture free altcoins like others did and like I considered doing, it'll be down like 10% at least" but it... shot up about 10% instead. I don't get it.
- ratacat 9y ago
  Coinbase had one million new accounts opened in a seven day period this month. The rise is substantially organic in new people coming in.
- RexetBlell 9y ago
  Having too many forks makes it confusing for newcomers (and even hedge funds). So naturally avoiding a fork and keeping the community together is good for Bitcoin, which made the price go up.
  - jwilliams 9y ago
    The speculation prior was the the fork was driving people to buy BTC - hence the expectation of a correction.
    - celticninja 9y ago
      on wex it went up as high as $7900 and as low as $7000 so it is still very volatile, I would expect more of a sell off as people who bought in hoping to capitalise on a fork now exit their position but this may also mean more risk averse investors will buy in now that there is no contentious fork due. so, as usual with bitcoin, no one knows what the hell is going to happen
- temp987654 9y ago
  Well, not everyone is on HN following news around this as they are happening.
- bdcravens 9y ago
  Wouldn't you expect alts to do well in this situation, since it's essentially the yang to the yin of moving from alts into Bitcoin in fork anticipation?
gruez 9y ago
markets are going up.
- temp987654 9y ago
  Looking like a lot of people coming back to ETH after hoping for free fork-btc lol
  - paulpauper 9y ago
    not really..at $314 ..which is $100 off highs in July
byset 9y ago
No, it resolves uncertainty and lets the community move forward in a unified way. It also shows Bitcoin's resilience in the face of committed minorities who would try to take over its governance. In short, Bitcoin survived a coup d'état, achieving total victory over a rebellious group of powerful actors (CEOs mainly).
- riffraff 9y ago
  > It also shows Bitcoin's resilience in the face of committed minorities who would try to take over its governance could it not likewise be "it also shows Bitcoin is controlled by committed minorities which will not allow others to take over its governance" ? From the outside, this seems the case.
  - deleted 9y ago
    [deleted]
bdcravens 9y ago
Shot up to $7900, then dropped to $7000, then rebounded to around $7300. If you weren't among those panic selling, you're still up over 24 hours.

I checked coinbase expected exactly that, thinking "oh man, I'm glad I didn't sell my eth a month ago to buy into bc trying to capture free altcoins like others did and like I considered doing, it'll be down like 10% at least" but it... shot up about 10% instead. I don't get it.

ratacat 9y ago
Coinbase had one million new accounts opened in a seven day period this month. The rise is substantially organic in new people coming in.
RexetBlell 9y ago
Having too many forks makes it confusing for newcomers (and even hedge funds). So naturally avoiding a fork and keeping the community together is good for Bitcoin, which made the price go up.
- jwilliams 9y ago
  The speculation prior was the the fork was driving people to buy BTC - hence the expectation of a correction.
  - celticninja 9y ago
    on wex it went up as high as $7900 and as low as $7000 so it is still very volatile, I would expect more of a sell off as people who bought in hoping to capitalise on a fork now exit their position but this may also mean more risk averse investors will buy in now that there is no contentious fork due. so, as usual with bitcoin, no one knows what the hell is going to happen
temp987654 9y ago
Well, not everyone is on HN following news around this as they are happening.
bdcravens 9y ago
Wouldn't you expect alts to do well in this situation, since it's essentially the yang to the yin of moving from alts into Bitcoin in fork anticipation?

gruez 9y ago

markets are going up.

temp987654 9y ago
Looking like a lot of people coming back to ETH after hoping for free fork-btc lol
- paulpauper 9y ago
  not really..at $314 ..which is $100 off highs in July

byset 9y ago

No, it resolves uncertainty and lets the community move forward in a unified way. It also shows Bitcoin's resilience in the face of committed minorities who would try to take over its governance. In short, Bitcoin survived a coup d'état, achieving total victory over a rebellious group of powerful actors (CEOs mainly).

riffraff 9y ago
> It also shows Bitcoin's resilience in the face of committed minorities who would try to take over its governance could it not likewise be "it also shows Bitcoin is controlled by committed minorities which will not allow others to take over its governance" ? From the outside, this seems the case.
- deleted 9y ago
  [deleted]

bdcravens 9y ago

Shot up to $7900, then dropped to $7000, then rebounded to around $7300. If you weren't among those panic selling, you're still up over 24 hours.