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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
by 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 agoCoinbase 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 agoHaving 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 agoThe speculation prior was the the fork was driving people to buy BTC - hence the expectation of a correction.
- celticninja 9y agoon 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 agoWell, not everyone is on HN following news around this as they are happening.
- bdcravens 9y agoWouldn'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?