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RE: Bitcoin Cash On Coinbase - Will Newcomers Know The Difference?
That is very interesting. I think it was highly orchestrated given the price of BCH was pumped way up in the beginning. I saw over 11500 sell orders at $8499 before their BCH exchanged locked up. Just look at the screen capture I took. I've never seen a chart do this.
This is all while BCH was under $4000 everywhere else. I think some select people got very rich off of the BCH dump. I wonder if they will move onto the other 3 currencies to pump them up.
It really looks like insider trading. If you were watching, over the previous few days BCH had a nice bump over several exchanges. Also this was timed once again after a bitcoin difficulty adjustment. Finally Coinbase said they were adding it next year but changed the time line for "some reason". Looks pretty ugly to me. Some poor bastards bought at 9500 hundred before trading was suspended. Reddit also had a FUD campaign against BTC going strong.
It definitely looks fishy and if it's no insider thing them definitely another demonstration how awesome this company is...
Yeah it's a little strange as well that first the price was set so damn high and second the trading got suspended after a very short time...