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Bitcoin cash came onto the scene on Tuesday following a much-anticipated fork in the bitcoin blockchain, and is the fourth largest cryptocurrency by market cap.
Those who wanted it were told to remove their coins and go elsewhere to do that. Well, if I was an outsider looking in, I would assume that once people actually have the ability to sell it, there will be indeed a massive sell off. The Coinbase turnaround was very surprisingI wasn't expecting that. I also didn't expect the price of Bitcoin Cash to fall so much, can't say what I expected the price to be initially but the drop was a bit of a shock.
I was in a position to cash out when it was high and I am regretting that. Trouble is, despite whats happening to Bitcoin Cash, Bitcoin is still crippled by the block limit so the coinbase says it will support bitcoin cash after allbut of a big rise in Bitcoin Cash will still be present. But really January 1st?
Is that a joke? Coinbase doesn't deserve to be part of the cryptoworld Anyway, I agree with you that it will fall hard, even disappear maybewho knows If the price get too low, the mining reward will be insufficient and it will disappear A smart move by CoinBase indeed, and I do in fact see a massive sell-off of the currency in the coming days and weeks The Chinese and other smart investors knew that all the dumb money in the market was going to dump their Bitcoin Cash as soon as they were able to do so, then they will swoop in and buy it all up as cheap as possible Personally I think that the fate coinbase says it will support bitcoin cash after allbut Bitcoin Cash will be decided long before January 1.
I doubt that the effects of CoinBase giving their customers access to their coins at that date will do much difference. I hope what you turns out to be true. Thanks for your analysis. No one other than crypto-nerds even heard of Etherium until it was accepted and converted on Coinbase.
Coinbase put them on the map. LiteCoin was Bitcoin's red-headed stepchild for as long as it's been around. Once it hits Coinbase, it instantly became a rock-star and everyone's talking about it.
Right now, Coinbase is a King-Maker. If they accept you, you go to the moon. Yeah, it will be interesting to see what happens. I was surprised by the turn around by Coinbase. Who know what a year or three might do right? Some people dislike the idea about the fork and Bcash, but everyone likes free money. It could collapse to some extent since it is a house of cards but people are so greedy right now that I don't think it can crash too low.
According to Business Insider: As always comments and feedback are greatly appreciated. Authors get paid coinbase says it will support bitcoin cash after allbut people like you upvote their post. In 3 blocks BCash blocks it will hit Bitfnex But, as I've mentioned before: The answer is "B". Coinbase will save it. Thanks for the update techblogger.
You got my vote and a resteem:
