Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
jbreher
on 17/11/2017, 22:34:25 UTC
do not forget coin base, they plans give their free bch to user on january....what will happen to bch price then?

Could get ugly. Yesterday, Coinbase revealed that they have over $9B of crypto assets on account. Assuming that is almost all Bitcoin (they also deal in Ethereum and Litecoin, but let's just consider that a non-factor for this mind experiment), that would be about 1.1 Million BTC. Assuming the number of BTC they hold today is roughly the same as it was on Aug 1, that means the Coinbase will release to account holders on the order of a million BCH.

I think that event will be the last great buying opportunity for BCH.