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Author Topic: [2016-10-29] Bitcoin and Ethereum: Two Coins With One Contrasting Week  (Read 362 times)
doomloop (OP)
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October 29, 2016, 09:27:55 PM
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Bitcoin and Ethereum: Two Coins With One Contrasting Week
As we look back on the week Bitcoin was clearly a win. Up from ~ $630 to $710 since this time last week.  Ethereum on the other hand, was a loser, down from ~ $13 to ~ $10.75.  Happily, our readers were on the right side of these trades for the last week.
https://www.cryptocoinsnews.com/bitcoin-and-ethereum-had-quite-different-weeks/

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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October 30, 2016, 02:40:48 AM
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Bitcoin and Ethereum: Two Coins With One Contrasting Week
As we look back on the week Bitcoin was clearly a win. Up from ~ $630 to $710 since this time last week.  Ethereum on the other hand, was a loser, down from ~ $13 to ~ $10.75.  Happily, our readers were on the right side of these trades for the last week.
https://www.cryptocoinsnews.com/bitcoin-and-ethereum-had-quite-different-weeks/

It is just that Bitcoin has been asserting its dominance over the last 1 week. While some new money flows into crypto continuously, most price movements are due to investors shifting money from one crypto to another.


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November 01, 2016, 12:10:59 PM
 #3

The ddos attack on ethereum made people move away, even eth-related assets have felt the impact too.
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