Coinbase adds BCH and

[william8829]

Interesting price they have for Bitcoin Cash at the moment.  Acutual current price btw is around $3,600

add to this the fact that Bitcoin had a ridiculous drop at on the same time they  list BCH on Coinbase and GDAX.  hmmm.

[SONG GEET]

This is just a temporary pump and sooner or later people will start to dump bitcoin cash again when mining difficulty at bitcoin will be adjusted and miners will shift towards bitcoin because they can make high returns mining bitcoin rather than bitcoin cash because of low difficulty.

Best time to sell bitcoin cash and buy some bitcoin.

[Colorblind]

Have you seen this insanity:



https://cryptowat.ch/gdax/bchusd

[BAEZcoins]

This is just a temporary pump and sooner or later people will start to dump bitcoin cash again when mining difficulty at bitcoin will be adjusted and miners will shift towards bitcoin because they can make high returns mining bitcoin rather than bitcoin cash because of low difficulty.

Best time to sell bitcoin cash and buy some bitcoin.

exactly !!! I agre, the pump of bch is temporary. Buy BTC and hold!

[Samarkand]

This was blatant manipulation by Coinbase. They froze actual trading for Bitcoin Cash
and many newbies, who wanted to buy due to Roger Ver´s CNBC appearance simply
did market buys at these ridiculously inflated numbers.

The timing was simply too suspicious. I feel sorry for the guys, who got scammed
into paying more than 9k $ for a Bitcoin Cash that is actually trading
for roughly 3500 $. Coinbase´s behavior with the Bitcoin Cash trading launch
is extremely unethical.

[william8829]

So it looks like there trying to put the blame on traders.

and why was there so much volatility?  Maybe because you did a ninja drop so only Coinbase employees knew exactly when it would be listed maybe because these employees used that information to take part in insider trading. maybe.

[Colorblind]

To be honest whole thing took only 3 minutes before trading was frozen, so I could buy the story GDAX did not know this could have happened. If this was done on purpose trading volume would be much much bigger. But who knows...

[Samarkand]

To be honest whole thing took only 3 minutes before trading was frozen, so I could buy the story GDAX did not know this could have happened. If this was done on purpose trading volume would be much much bigger. But who knows...

You have to take a look at the Bitcoin Cash exchange rate development at the other exchanges before
the Coinbase launch.

Basically, BCH had a steady ~30 % surge before the Coinbase launch. A chart pattern like
this literally never happens unless someone is very sure that good news are about to be released.
This is what is fuelling the insider trading allegations and not the short trading action
at Coinbase until they halted trading. The run of Bitcoin Cash at other exchanges
in the hours before the start of BCH trading was the suspicious event.

[william8829]

Basically, BCH had a steady ~30 % surge before the Coinbase launch. A chart pattern like
this literally never happens unless someone is very sure that good news are about to be released.
This is what is fuelling the insider trading allegations and not the short trading action
at Coinbase until they halted trading. The run of Bitcoin Cash at other exchanges
in the hours before the start of BCH trading was the suspicious event.

This screen cap from Reddit supports insider trading theory.


image source: https://twitter.com/ToneVays/status/943554975321542657/photo/1

I still have not heard why Coinbase listed BCH without warning.  I understand that insider trading is rampant on Wall Street, so I can only imagine it is even worse in the cryptocurrecy market being that there is less regulation.  With that in mind you would think the logical thing to be if you are a 'unicorn'  is transparent.  They are known for being one the most trustworthy Bitcoin startups in business. I feel it is necessary for Brian Armstrong to make a public statement  explaining his reasoning behind this move.