Why would you want to support a new Alt coin, if you know people will only be hyping/pumping the price in the beginning and other people will be dumping it for BTC and Fiat? This will have a significant impact on your bank balance, when you allow trades during this "Pump" period.
Yes, you might get the advantage that new users will join your exchange, because you are the only exchange accepting Bcash trades, but those users will leave once they dumped their Bcash for cash or BTC.
If I were a exchange owner, I would just sit back and wait for other exchanges to take the knock and jump in later when the price is much lower. < Like Coinbase is doing >
It makes no sense to be a early adopter of a coin that are pumped to shit in the early days. ^hmmmmm^
The BTC price will also be less volatile with everyone buying & selling BCC/BCH and not buying & selling BTC.
Yes, you might get the advantage that new users will join your exchange, because you are the only exchange accepting Bcash trades, but those users will leave once they dumped their Bcash for cash or BTC.
If I were a exchange owner, I would just sit back and wait for other exchanges to take the knock and jump in later when the price is much lower. < Like Coinbase is doing >
It makes no sense to be a early adopter of a coin that are pumped to shit in the early days. ^hmmmmm^
The BTC price will also be less volatile with everyone buying & selling BCC/BCH and not buying & selling BTC.
Spoken like a true non-business man indeed.
Why would you want to support a new Alt coin, if you know people will only be hyping/pumping the price in the beginning and other people will be dumping it for BTC and Fiat? This will have a significant impact on your bank balance, when you allow trades during this "Pump" period.
Yes, you might get the advantage that new users will join your exchange, because you are the only exchange accepting Bcash trades, but those users will leave once they dumped their Bcash for cash or BTC.
If I were a exchange owner, I would just sit back and wait for other exchanges to take the knock and jump in later when the price is much lower. < Like Coinbase is doing >
It makes no sense to be a early adopter of a coin that are pumped to shit in the early days. ^hmmmmm^
The BTC price will also be less volatile with everyone buying & selling BCC/BCH and not buying & selling BTC.
Yes, you might get the advantage that new users will join your exchange, because you are the only exchange accepting Bcash trades, but those users will leave once they dumped their Bcash for cash or BTC.
If I were a exchange owner, I would just sit back and wait for other exchanges to take the knock and jump in later when the price is much lower. < Like Coinbase is doing >
It makes no sense to be a early adopter of a coin that are pumped to shit in the early days. ^hmmmmm^
The BTC price will also be less volatile with everyone buying & selling BCC/BCH and not buying & selling BTC.
I have read from various articles that BC is stealing Bitcoins, even if you see electrum wallet warning, it's clearly mentioned it's a risk to claim the coins. I am surprised that exchanges have decided to support this coins, it's a shame. Coinbase.com has so far not extended its support and I hope other exchanges follow suit. I agree with op here, this coin shall not last long, it shall disappear very soon, there is only one king in the crypto world and that is btc.
Bitcoin Cash is not stealing anyones coin. People are just too dumb to check where they are sending their coins to. The person you are talking about downloaded an "electrum" wallet from a non official site. They got burned. That can happen to any coin. Theres lots of people that have had their Bitcoin stolen that way, I never hear people blaming Bitcoin for that. So neither should you.
