Quote from: Samarkand on November 11, 2017, 11:19:53 AM

Quote from: KGambler on November 11, 2017, 02:18:22 AM

Any news on supporting bitcoin cash in the near future? It has quite a big market cap now.

I would argue that the Bitcoin Cash trading is heavily manipulated, which leads to an artificially
high market cap.

If you take a look at the biggest exchanges by volume you will see that 41.24%
of trading volume has taken place at Bithumb (Korean exchange) in the last 24 hours.

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

Bithumb has been known to provide zero fee vouchers for certain users (it is actually
even possible to buy them). If you have one of these you can essentially wash trade all day long
by buying and selling into your own orders. By doing this you can lead people to believe that
a rally is completely genuine while it is actually completely artificial and wouldn´t have happened
without your wash trading activity.

Nevertheless, I concede that it may be too early to write off Bitcoin Cash completely. The monthly
charts actually look quite healthy and show a steady rise and with Segwit2x being practically dead some
miners may shift their support to Bitcoin Cash if it continues to be profitable to mine.

You bring up good points. The price is probably artificially high. I also think the float is a lot smaller than bitcoin's actual float, so the market cap is overstated in that respect as well.

That being said, with segwit2x dead, this seems to be the new "it" coin for big blockers. Even if the actual market cap can be considered a fragment of what is being shown now, it's still big. At this point, months later, there is really no reason for nitro to not expend the effort to get "our" coins. I think it would be great marketing for them and I would not mind in the least if they put a wagering requirement that must be fulfilled before withdrawing them. I understand they would have to expend some resources to retrieve the coins. Even if they outright took a cut, that would be fine. At this point, with BCH trading well north of $1K, just get the coins. It's a whole lot of money.