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Title: how bitcoin price did not get affected by blockchain maintanace time ? Post by: asad777 on September 04, 2015, 01:28:43 PM it must go down but it is still normal
Title: Re: how bitcoin price did not get affected by blockchain maintanace time ? Post by: Pathi on September 04, 2015, 01:30:59 PM Why must it go down? 1 wallet service being down should not affect price much. Dare I hope that more people are running their own wallets now??
Title: Re: how bitcoin price did not get affected by blockchain maintanace time ? Post by: Mickeyb on September 04, 2015, 01:34:19 PM it must go down but it is still normal Why would it go down? You got something wrong here. Maybe if there were hacked and people have lost their BTCs, it would go down, but for the scheduled maintenance this makes no sense. God forbids that the price starts jumping up and down for every maintenance like this! Title: Re: how bitcoin price did not get affected by blockchain maintanace time ? Post by: allyouracid on September 04, 2015, 01:34:48 PM Why must it go down? 1 wallet service being down should not affect price much. Dare I hope that more people are running their own wallets now?? This. I think many people confuse blockchain.info for "being the blockchain", or being something like "the CEO of Bitcoin" ^^ It's just a service provider in Bitcoin realms. Although a major one, but as its main purpose is providing wallets and insight into Bitcoin blocks, transaction, wasllets, I don't think it's that important on the financial side to actually have any impact on the Bitcoin price. This might change if any big exchange does have maintenance times, because there, the money of users is directly involved and fear of them running off with the money spreads quickly. Title: Re: how bitcoin price did not get affected by blockchain maintanace time ? Post by: LFC_Bitcoin on September 04, 2015, 01:44:10 PM I imagine a lot of very early adopters have large numbers of bitcoin stored in blockchain.info wallets so if they did go bust then some none techie people who don't have their private keys or back ups of their wallets would lose a lot of money. The price probably would take a hit then.
This is just maintenance though, I wish everybody would stop flapping. This has happened with blockchain.info before & will probably happen again. They haven't scammed anybody this far. Title: Re: how bitcoin price did not get affected by blockchain maintanace time ? Post by: Denker on September 04, 2015, 02:10:59 PM it must go down but it is still normal You're a bit confused it seems. Blockchain.info is a service build on top of the Bitcoin network. This company is named Blockchain but it is not Bitcoin's underlying technology. So Blockchain.info is not equal to the Blockchain. |