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RE: Bitcoin cash at $4000 while Bitcoin is falling - resumes trading on Coinbase NOW (Edit: 12AM PA - in two hours)
Why the mad dash for BCH? Just because it's been placed on coinbase? I wonder how this will affect things, especially when other coins start being added to coinbase. Any thoughts? I'm relatively new and still need to learn some things before I invest too heavily
Why it's going up? Well, there is a big possibility that only one of them (btc or bch) will survive this battle. The one with the most hashing power wins. Now, if you owned Bitcoin prior to the fork augus 1st, you're good. You own the same amount of both unless you've somehow transferred bitcoin without splitting it up first.
Another reason its going up is because of ultra high transaction fees for bitcoin. And also that more people realize that perhaps BCH is more similar to the bitcoin Sathoshi had intended than Bitcoin core.
If you want, read my earlier post today
https://steemit.com/bitcoin/@scandinavianlife/big-news-bitcoin-cash-gets-added-to-coinbase-as-bitcoin-core-falls-here-s-what-i-did-and-why
choose and hold your crytos!!
Damn, I mighta messed up trying to get money on coinbase, I tried friday putting some in BTC so I could purchase some alts, but didn't realize it would take a week to let me access it and now all this is happening. Thanks for the help!
A week? If you purchase Bitcoin on Coinbase, that Bitcoin should be available pretty immediately?
first purchase using a bank acct, I think it had something to do with my bank, I used a credit card previously and that was instant, really annoying. Coinbase seems like its been a mess this last week, not sure if its on my end or theirs, might be worth an email