Topic: [2107-12-20] Bitcoin Cash Jumps 70% as Coinbase and Gdax Announce Immediate Trad (Read 132 times)

IMO this huge increase in value comes from the long time effort of Roger Ver and his team. They've been trying to get BCC moving for months by spamming the Bitcoin network (at first), putting huge money into advertising, riding on the good name of BTC and telling everyone it's close to Satoshi's original intention, like they knew what that intention was.
What leaders are you talking about. The miners? There are no leaders which is the reason we're still decentralized unlike BCC that's becoming more and more like Ver's child.

It seems that many people are blind and do not realize what you just wrote. they just want profits and when they post a news of this, the big players move the price of bcash and all news channels publish news like: "bcash reached new ATH "

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It reached the price of  $3700 because the bitcoin has a very high price, if bitcoin falls all altcoins fall, so I do not see why so many people are saying that bitcoin is dead and from what I see the world of altcoins it is becoming very common that only one simple comment of a famous person does on a certain altcoin is enough for that altcoin to increase 100%. this is already becoming scary

I´m struggling to think of additional reasons for another massive Bitcoin Cash run.
The launch of Bitcoin Cash trading on Coinbase is obviously a big positive for
the Bitcoin spinoff, but what other good events are on the horizon?

I don´t see talks of a Bitcoin Cash ETF. I don´t see any development of 2nd layer
solutions. The best developers and brightest minds in the cryptocurrency development scene
are working on Bitcoin and not on Bitcoin Cash.

Besides, most trading volume of BCH took place at the notorious Korean exchanges, that allow
for rampant wash trading due to their zero fee vouchers.

I could be wrong, but I really don´t see any other big impact events like the Coinbase news in
the near future of Bitcoin Cash.

I can feel that the huge disappointment and great dismay experienced by many Bitcoin holders and enthusiasts have become one of the most important forces that pushed BitcoinCash to the stratosphere. Things are definitely not looking good in Bitcoin highlighted by the ridiculous transaction fees already surpassing anyone's patience. The time has come for Bitcoin people to do something about this problem otherwise this is completely risking the very future of the King of Cryptos. I have not problem with BitcoinCash as it is also a good alternative to Bitcoin and it certainly has the right to be one of the possible heirs to Bitcoin in case it can be dead by default. I am hoping that Bitcoin leaders would do something about this.

Retail and professional cryptocurrency traders can now trade Bitcoin Cash (BCH) on two of the world’s most popular exchanges, Coinbase and Gdax. News of the announcements sent the BCH price to over 3,700 USD as of this writing.

Bitcoin Cash is Trading on Coinbase Immediately

“We’re excited to announce that customers will be able to buy, sell, send and receive Bitcoin Cash on Coinbase,” came word from the Coinbase blog. BCH is quickly becoming the micropayment alternative to bitcoin core (BTC), and as of this writing is the number three cryptocurrency by market cap at just over 58 billion USD. Its price in the last 24 hours has surged over 70 percent.

“Sends and receives are available immediately,” the exchange urged. Coinbase is waiting for “sufficient liquidity” from its Gdax platform before allowing buys and sells. “We anticipate that this will take a few hours.”

Bitcoin cash was the result of an August 1st hard fork this year, with miners and enthusiasts signaling for larger block sizes to ease mempool congestion, lagging transaction times, and rising fees on BTC.

Coinbase is one of the largest cryptocurrency exchanges in the world, boasting over 13 million users. This year has seen it collect as many as 100,000 new accounts in a single day. The San Francisco-based exchange has been in operation since 2011.

Continue reading > https://news.bitcoin.com/bitcoin-cash-jumps-70-as-coinbase-and-gdax-announce-immediate-trading/