Coinbase adds support for Litecoin

Re:Coinbase adds support for Litecoin by RandomInteger4 on Thursday May 04, 2017 @03:02AM (#14263067)

World tensions are high. Apparently whenever there's bad news, the cryptocurrencies spike? It's kind of like a safety net similar to gold.

The current thing driving it might be a combination of factors, among which is the North Korea situation with chinese investors moving funds into cryptcurrencies?

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Re:Coinbase adds support for Litecoin by i_cant_speel on Thursday May 04, 2017 @09:42AM (#14264721)

Are people honestly that concerned about North Korea?

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Re:Coinbase adds support for Litecoin by SirensOfTitan on Thursday May 04, 2017 @12:34PM (#14266247)

I doubt it. If you want to blame geopolitical factors at all for the recent investment in cryptocurrency:

1. Chinese investors see crypto as a way of moving currency outside of China. The Chinese government has recently cracked down on movement of money outside of the country.

2. The rise of populism could drive people into crypto. The rise of actors like Donald Trump, Marine Le Pen, Geert Wilders (although defeated) implies major currency instability, especially around USD, EUR.

On (2), from what I understand Gold has become less of a good hedge against world economic stability as well.

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Re:Coinbase adds support for Litecoin by splintercell on Thursday May 04, 2017 @03:22PM (#14267864)

Can we at least track the usage of a cryptocurrency by IP address? Is there a site which analyzes them?

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