Bitcoin Diamond - WARNING BE CAREFUL

Hi everyone, just wanted to issue a quick warning on Bitcoin Diamond. Currently there is large "fake" arbitrage opportunities in the market place.

Gate.IO is trading at: 0.00063 BCD/BTC
Binance is trading at: 0.00435 BCD/BTC --- 6.9x Gate.IO
KuCoin is trading at : 0.01300 BCD/BTC --- 20.6x Gate.IO

One might think to buy BCD on Gate.IO and transfer this to KuCoin to sell out at a massive profit. But transfers are currently disabled on many exchanges. Furthermore buy blocking deposits/withdrawals these exchanges are causing large distortions in the market. What will happen to the person that is buying BCD on KuCoin when deposits are opened on that exchange again. The price will likely plummet as the bulk of the volume is trading at 0.00062 on OKEX and Gate.IO

Next the BCD Github is getting very quiet with zero commits done in the last week. This tells us that no one is really working on the project.

Also remember that BCD has a 10x coin issue size... With BTC there will be 21 million coins, with BCD there will be 210 million coins. So if we effectively want to compare the price of BCD to BTG, BCH and BTC we have to multiply the price by x10... So at the time of writing

BCD: $63
BTG: $138
BCH: $1507
BTC: $10117

This just shows that future forks will likely be worth less and less as they are simply just copying the BTC code. This doesn't really add any value.

While it is impossible to tell for certain whether this is a scam, there is enough warning signs out there to make this unsafe. Thanks for reading my content and wishing you all the best.