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RE: Talk About VOLATILITY: Bitcoin Hits $2806, Then Plunges Nearly $500 To $2346 Before Stabilizing At $2568, Up 4% On The Day

in #bitcoin7 years ago (edited)

I know it's tough to buy at $ 2,806 fot the first time and then experience a major drop like the one today but this is the only way every participant understands instantly what forces in a free market like the crypto for heaven's sake still is reigns; it's no "Kindergarten"! But once looking back you will see that $ 2,806 was still cheap. Regarding ETH: do not underestimate that they already had two hardforks (DAO and the DDOS attacks); meaning that their chain isn't immutable anymore like Bitcoin's is and with all the applications built into the ETH Blockchain in the near future there will some more HFs be implemented; and every change in code is a risk and difficult to make!