Bitstamp Comes Out Against Bitcoin Cash

[mrblockchain]

Bitstamp, currently the fourth biggest bitcoin exchange with trading volumes of around $30 million, hast stated they will not support Bitcoin Cash.

“If Bitstamp chooses to list BCC, we would decide at our own discretion on what course of action to take with balances deriving from the hard fork,” they say, before adding that “Bitstamp is not in a position to support BCC, nor will Bitstamp be liable for any BCC sent to Bitstamp.”

http://www.trustnodes.com/2017/07/27/bitstamp-comes-bitcoin-cash

[CryptoBry]

I am now wondering if this can be good news or bad news for its members. I have also read a statement coming from 1Broker to the same effect that they will not be supporting Bitcoin Cash. Can someone please clarify for me what are the repercussions of this stand by Bitstamp?

[mobnepal]

This sound good news for bitcoin holders because BCC will not get any good support after split and it will be quickly dumped on the market. Bitstamp might sell all BCC they will get from user's bitcoin for their own profit if they will not give its users those BCC back after split.

[tiggytomb]

I think it is in the exchanges best interest to try to get themselves setup so they can issue users with BCC otherwise if they haven't already, a lot of users will be moving their bitcoin out of the exchanges into their own wallets.

[lausam]

Thanks for the info.
And this is a good news for bitcoin users who refuse bcc in the market.
What is that BCC i do not know.

[Emoclaw]

I think it is in the exchanges best interest to try to get themselves setup so they can issue users with BCC otherwise if they haven't already, a lot of users will be moving their bitcoin out of the exchanges into their own wallets.

You should have your Bitcoins stored in a wallet whose private keys you exclusively control regardless of what the exchange you use says will do.
But it won't affect them much, it's only temporary and users will be returning to exchanges soon.

[olushakes]

News like this I have expected because Bitcoin cash itself is just like predicting the eventuality in which I see as something some people are sure would happen as some have even begun its mining despite the fact that the split has not even happen and every authority is not even sure the split will happen. Bitstamp coming out to say this is just a confirmation that they are not taking a position yet until the what is expected to happen, happened.

[SONG GEET]

Thanks for the info.
And this is a good news for bitcoin users who refuse bcc in the market.
What is that BCC i do not know.

Yes obviously this is really good news for all bitcoin holders, we can expect some pre-pump on BTC before split out of this news

BCC stands for Bitcoincash which will come into life after august 1st, you can learn more about it here https://www.bitcoincash.org/

[qiman]

Well it isn't good news really but I think when Bitcoin Cash can prove itself all these exchanges not supporting will sell off BCC for a profit. I know at least one exchange that IS supporting BCC and that is NOVA EXCHANGE. So that is GOOD news at least for traders on that exchange.