Post
Topic
Board Economics
Re: Did AlphaBay bust affect price of bitcoin?
by
DaMut
on 21/07/2017, 18:47:05 UTC
Do you think the recent bust and shutting down of AlphaBay market affected the cryptocurrency prices ??

affected the cryptocurrency prices ? yes,it's.
but it's not really significantly,because total amounts that have been collected not really much,
around 800.000$ which is only approximately around 266BTC,
it will only push the price from ex : 2800$ to 2700$ or even less than that.
but,other than that may be some people who's always using alphabay selling their holding because it's not use keeping Bitcoin,
because they're only using it as a payment in alphabay (more likely nobody like that,but everything is possible so we take a worst scenario).

overall free worries,don't take it seriously about alphabay,the most important thing is split chain (likely bip91 but who knows)