I’m questioning the 17th day thing. I’m not sure how well bakkt is going to go down either... everyone seems to be expecting a lot but a lot of people have lost interest and trust in bitcoin’s stability price wise.
i'm not expecting much. it should help trigger a bounce or extend an existing rally, but i think it'll be like the november 2014 relief rally. at the time, the market was itching for a short squeeze. news broke about paypal accepting bitcoin which helped temporarily push the price to $450. it was very short-lived: the good news was just an opportunity to sell a bit higher. then we crashed to $150. the same could happen here.
I’m actually surprised the price is doing as well as it is at the moment since a lot of exchanges stopped withdrawals during proof of keys day, it looks fishy to say the least even if not many people participated (as has been suggested).
which exchanges?
The scammy ones. Hitbtc, poloniex and a few others. I'm surprised yobit didn't since they are now almost definitely a Ponzi scheme in disguise. I watched a video on it yesterday so I might be completely wrong, I don't own any acciunts with exchanges other than cex and coinbase.
Ohhh, that was what that spike was! I was always curious. I used to log onto my parents computer once s day from about may 2015 to check the price of a Bitcoin. In gbp it started at about £150, then raced up to £220 and then fell back down to £120 when that double spent block was released...
