Did Coinbase add of BCH to exchange destroy BTC dominance?

[1bitcoinsnet]

Anyone watching bch since August knows the value ratio roller coaster bch has been on

It's starts at 30% value ratio traders laugh it goes to 5%

Once in a while it spikes to 20%

The past month btc went crazy bch rode the coat tails staying at 5%

So 3 days ago a Bitcoin guru who wrote Bitcoin Algorithm 5 years ago puts out caution

BTC hitting 10k and within 2 weeks to 2 months it will be a 1 to 1 value ratio as the public votes for bch over BTC at coinbase

So it took 2 days to see BTC hit 11k

Now we have 5 to 1 value bch not 20 to 1

So the dust has settled

Btc adjusted the public can buy BCH easily and we have bch that traded at 5% value of BTC trading at 20%

Now the guru who 2 days before btc hit 11k said 10k was near is also saying near future due to Coinbase adoption of BCH the public will make BTC and BCH trade 1 to 1 in value

His window given was 2 weeks to 2 months before we see both BTC and BCH at 10k then both hit 50k

So has coinbase equalized bch by trading it?

I think they have.

The days of 20 to 1 value ratios are over imo

This was his warning before btc dipped

https://www.soladoni.com/bitcoin-cash-bitcoin/

So he nailed the huge dip

In 2 weeks to 2 months will coinbase make bch trade 1 to 1 in value to BTC?

I think he's right, I've set up friends all week with coinbase and gdax

I explain BTC original Bitcoin
Bch new Bitcoin cheaper n faster

Every person buying crypto first time put all or most of their first roll in bch and eth and lite

None touched btc

Once they knew it was slow and costly they all passed on it

Everyone wanted ripple

So crypto is huge news

Coinbase getting 50k new wallets a day

New investors driving coinbase are not buying BTC

Now we have bch value go from 20 to 1 to 5 to 1

Due to Coinbase trading bch it could mean we are indeed on the way to seeing bch and BTC be 1 to 1 value soon

So the next 2 weeks to 2 months all that matters is the value ratio between bch and BTC

Pre coinbase adopting it it was 20 to 1 usually

Now it's 5 to 1

Is this the new norm due to Coinbase?

Is Dr. Adoni right, will coinbase trading of BCH be the big equalizer that makes bch equal in value to BTC?

Will both bch and BTC soon be 10k then both go to 50k?

He nailed the dip

So.....

[btcprospecter]

Coinbase is probably one of the biggest exchanges and as they start to add more and more coins people will have more choice expecially people who are very new to crypto currencies when they see the price of bitcoin and think I will never have a whole bitcoin they will maybe buy a coin that is cheaper. If they add the likes of ripple next year we will see it grow very quickly.

[1bitcoinsnet]

Coinbase is probably one of the biggest exchanges and as they start to add more and more coins people will have more choice expecially people who are very new to crypto currencies when they see the price of bitcoin and think I will never have a whole bitcoin they will maybe buy a coin that is cheaper. If they add the likes of ripple next year we will see it grow very quickly.

Yep, coinbase is now the market maker in USA
Lots of buzz they adding ripple

Ripple is 5 years old or so

Bch isn't 5 months old

So it took bch less than 5 months to do what xrp hasn't been able to do get on gdax and Coinbase

If you put yourself in the shoes of a newb

They hear over and over Bitcoin Bitcoin Bitcoin

So newb typed in bitcoin.com

It says BCH is Bitcoin

They go to newb exchange coinbase

They see BCH they buy bch

The combination of bitcoin.com and Coinbase pushing bch is why Dr. Adoni says the value ratio will now move to 1 to 1

Bch up 30% today

[kobo_eth]

I dont think they added BCH in order to destroy BTC dominance, as you can see BTC is still the only one market and money maker, including in coinbase and quickly recovered after yesterday.
They also considered adding the supposed segwit2 bitcoin, so they just diversify portfolio I think.

[malikusama]

The addition of BCH on coinbase has surely effect the BCH value and that's why a huge rise is observed in BCH price but I don't think there is a major effect over BTC price due to this addition. The high volatility is just due to high price while,and the upcoming fork of Segwit2x is on the way so the market can't settle in these conditions.
Dr. Sol is a good writer but unfortunately not a very good predictor, congratulations BTC has recovered its price from dip of $11k and now it has crossed $15k. Don't judge to quickly, ratio 1:1 isn't that easy as Dr. have stated, BTC dominance will remain until a big change.

[1bitcoinsnet]

The addition of BCH on coinbase has surely effect the BCH value and that's why a huge rise is observed in BCH price but I don't think there is a major effect over BTC price due to this addition. The high volatility is just due to high price while,and the upcoming fork of Segwit2x is on the way so the market can't settle in these conditions.
Dr. Sol is a good writer but unfortunately not a very good predictor, congratulations BTC has recovered its price from dip of $11k and now it has crossed $15k. Don't judge to quickly, ratio 1:1 isn't that easy as Dr. have stated, BTC dominance will remain until a big change.

Dr. Adoni is not your average guru

First he's in crypto as major voice since 1976 when he theorized prime spirals
Second he's founded many tech companies over 40 years
Third he bought over 1000 .coms .nets in 1995
Fourth he has a lot of whale ears

So he put 2 weeks to 2 months on the transition of 1 to 1 value ratio of BTC to bch

We're on the 3rd day

So what he said has indeed started

How many days or weeks of BCH out performing BTC will it take until we see BTC and BCH trading at 1 to 1 ratios?

He's a market maker with his words

It's why I put in this forum his warning 3 days ago the value ratio adjustment was coming

We can't use old charts now, it's all going to be performance post BCH moving onto gdax this week.

So 2 weeks to 2 months is his window.

It's only just begun.

[bitcoinveda]

Bitcoin is getting wider and acceptance all over world and bitcoin performed more than 5 trillion dollars in blockchain transactions bitcoin dominance will increase Bch will follow bitcoin forever cant dominate

[Faroxx]

I think bitcoin cash will never replace bitcoin, simply because he centralized. And the people know it. They will never support bitcoin cash.

[1bitcoinsnet]

Bch is now 22% of BTC value

It's up 70% last 24 hours

We are seeing bch become in value what BTC is

The public buying into Bitcoin are buying bch not btc

[olushakes]

The issue is really not about coinbase supporting BCH its about people seeing it as the next best alternative which is why a lot of people that have even doubted the survival of bch up to this point are blaming themselves of exiting the market so soon when it launched. What is needed is bitcoin developers to be on top of their game, and let bitcoin continue to claim its top spot while other coins handle the rest of the available positions.

[1bitcoinsnet]

The issue is really not about coinbase supporting BCH its about people seeing it as the next best alternative which is why a lot of people that have even doubted the survival of bch up to this point are blaming themselves of exiting the market so soon when it launched. What is needed is bitcoin developers to be on top of their game, and let bitcoin continue to claim its top spot while other coins handle the rest of the available positions.

When a non tech newb hears over and over bitcoin, how do they find info?

Bitcoin.com they type and what do they push? BCH

Then they search google and see coinbase ads, they get a wallet and they see two choices, original bitcoin and cash.

They might do some research, they see btc is slow and expensive to use, they see bch is fast and cheap to use, they see bch is way less to invest in, they buy bch.

I have non tech friends I told about btc for years, none had interest, now they all want some.

I take them to coinbase setup account they throw their CC in it and then I show them the choices.

I say this expensive one is original bitcoin, I explain the fork and how guys like me got a lot of bch and myself I like it for fast cheap transfers.

I explain ether and lite.

Most say okay, let me buy into bch.

None are buying into btc as first time buyers.

A few threw a little into etherum and lite.

So to people that are looking at the whole crypto thing as penny stocks I guess, cheaper coins look good and when you explain bch is the result of a fork and it has advantages and there's a ton of fighting in house at btc core, well new investors are saying let me try some bch.

So far they're happy, it is out performing btc since CB allowed it to be bought the other day.

Now most of them want Ripple, I explained it's hard to buy in USA and I'm not really sure of the other exchanges for US citizens. I have some, a buddy of mine bought it for me and I sent him some btc while back but I don't dabble on the korean exchanges myself, I'm starting to setup accounts on exchanges just to be able do large xrp.

So right now at this point in time, you have huge interest in btc, guys are hearing it all over the news and they now finally want in.

I told them, look, you're years late, but long term crypto and btc and bch have lots of growth but don't be surprised to loose a lot right now, it's very, very volatile.

So for entry level investors, they all like bch, not one of my buddies are buying into btc.

I'm honest with them, I own btc and got a ton of bch at the fork and now I dabble in xrp.

I don't personally like ETH nor LTC.

So if someone else set them up, maybe they would have bought into btc.

Most of these guys are mega millionaires, they own their own businesses and have had great success.

It took all this hype about bitcoin in the media to get their attention.

Will some end up in btc, who knows.

All I know is people that I respect in crypto are all saying the play right now is BCH and XRP.

That may be contrary to this forum, but these are all mega mega millionaires.

They all got into btc and now they are selling btc to put into other coins and bch is the one they are all jumping into.

So at this point in time, crypto is red hot, a lot of coins will be going up and we hit a barrier at 20K with btc and how long for it break through no one can really say, but one guy I trust is saying BCH is twin to BTC and both will soon be seen by most investors are the same thing and the values will equal out.

Is he right? He's saying it happens very soon, so we'll see.

Crypto is now the play and yes, BTC was the original coin, but right now most would agree transactions fees and value and speed are all negatives.

Will it be 50K soon? IMO yes, and BCH might be right with it when it hits 50k.

If not 5% of 50K is 2500, and that's where pre Coinbase had BCH for most of the past 5 months 5% of btc value.

Well it's now 22% since CB said we will trade it.

So for now bch is the play IMO.

Coinbase is why bch is now closing in on the value ratio.

BCH will easily pass ETH as the #2 market coin next week IMO.

The only real question IMO is how much of the space between BTC and BCH in value ratio will disappear now that CB is trading it.

So IMO CB is why we now have 22% value ratios to BCH to BTC.

Will it be 35% soon or 50% or even 100%?

Next 2 weeks to 2 months will answer it.

It could be both BTC and BCH jump over 20K next week or BTC might drop next week for profits.

As BTC goes so does all crypto but BCH is fast becoming the 2nd biggest coin, new blood likes it.

[aznboy84]

I have seen that the BTC dominance has been decreasing a lot, one week ago the entire dominance was over 55% percent, now it is less than 43%.

Maybe it is not because of coinbase, but they have manipulated the price a lot, they and Roger Ver, of course.

[Fire Rabbit]

Howcome coinbase can destroy btc dominance by adding bch? In my opinion both btc and bch have equal potential. So no one can tell what will happen in the future. At the present situation no one prefers to buy bitcoin because of its high transaction fees and unconfirmed transactions. But bch doesnt have that problem . So nowadays all prefer to buy bch instead of btc.

[Viscera]

I think No. it's a part of business and manipulation. Roger Ver wants to show what's the meaning of BItcoin he said in the statement that he is the real Satoshi Nakamoto where no one claims it. until the hardfork released BCH began to spread what's bitcoin have done to the entire economy state

[darkangel11]

OP, I have to say that your posting style is hideous and makes it painful for the readers. Didn't they teach you at school that you're not supposed to start every sentence from a new line and put double spacing in between?

I think No. it's a part of business and manipulation. Roger Ver wants to show what's the meaning of BItcoin he said in the statement that he is the real Satoshi Nakamoto where no one claims it. until the hardfork released BCH began to spread what's bitcoin have done to the entire economy state

Ver is a 1% snob. He thinks he's better than the rest. All he does is boasts and pushes his altcoin.

Howcome coinbase can destroy btc dominance by adding bch?

It can't. There were so many exchanges where you could purchase BCH if you wanted to that nobody would wait for Coinbase to add it just to make theirs. Especially that CB was initially saying they won't add it, so whoever wanted to buy went somewhere else months ago.

[vicvicto17]

No. Bitcoin is bitcoin and different from other alternative which is Bitcoin cash it's money game. business for sure for Roger Ver what we want here is many coins that will list on coinbase. and will lucky to see that for the next few days.

[propagate]

Coinbase have allegedly been insider trading with BCH.

Coinbase have allegedly been hoarding millions of UTXO's Unspent Transaction Outputs

This would cause the congestion on the blockchain and would push transaction fees higher.

Do the math.   fuck up the blockchain for bitcoin whilst pumping up bitcoin cash.