This is the new scheme, finding out who Coinbase will anoint next. It’s worth noting, iBC’s Coinspeak has been feverishly recommending purchase of Bitcoin cash for months and has made small fortunes in this vehicle, enough money not to care about the opinions of the unwashed working class outside the castle gates.
Bitcoin cash is now +65%, sporting a market cap of $61 billion, now only a rounding error of $12 billion away from the number 2 crypto-currency — Ethereum.
Via Coinbase:
Coinbase operates by the principle that our customers should benefit to the greatest extent possible from forks or other networks events. This is essential in our mission to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange.
Bitcoin Cash was created by a fork on August 1st, 2017. All customers who held a Bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account. Your Bitcoin Cash balance will reflect your Bitcoin balance at the time of the Bitcoin Cash Fork, which occurred at 13:20 UTC, August 1, 2017. You can read more about what a bitcoin fork is here and our previous update on Bitcoin Cash here.
We have been monitoring the Bitcoin Cash network over the last few months and have decided to enable full support including the ability to buy, sell, send and receive. Factors we considered include developer and community support, security, stability, market price and trading volume. You can learn more about Bitcoin Cash here.
We will abbreviate Bitcoin Cash as BCH on our platform. Customers will be able to buy Bitcoin Cash using all of our supported fiat currencies: USD, EUR, GBP, CAD, AUD and SGD.
Who’s next?
Other notable alt-coins showing unusual pin acton include:
Augur +49%
Bitcoin Gold +25%
Raiblocks +13%
IOTA +12%
If only I can remember the ticker symbol for all these Bitcoin plays. I should have been a botanist!
Just throw a dart, its all to the moon upside. Why? No one cares, just buy it and get rich.
It’s just a matter of who is the current fastest dog in the race… until the race ends… and all the dogs are dead… just short of the finish line where the gold dog has lived for thousands of years.
Don’t fear the fork. Just like a stock split or a spin off.
XMR
How about that NXTD, though.
In that case, just keep forking these things to the moon! The upside is assured and they will never go down. Dilly Dilly!