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Buy, sell, send and receive Bitcoin Cash on Coinbase

blog.coinbase.com

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Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#171

Post by fearface »

dheera wrote: post #152
f2n wrote: post #108

Earlier quoted context omitted.

Per their twitter, "Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks." https://twitter.com/coinbase/status/943290391419174912

So have your SO/friend/etc. buy a bunch of it and slip you a gift card as a Christmas present? There's no law banning insider trading; Coinbase cannot really enforce anything beyond their own contractually-bound employees. I actually find it interesting/relieving to have a market where insider trading is legal. If you got your hands on inside information, more power to you! In the stock market, insider trading being…

Then people would just do 10'000 0.1 BTC trades....

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#173

Post by thibautx »

johnmarcus wrote: post #129
QML wrote: post #94

All this cryptocurrency talk has inspired me to understand the innerworkings of exchanges -- so how does a company like Coinbase scale to meet the demands of new customers? Surely they're not the first company to deal with this problem.

I don't think the problem is scale, the problem is there are multi-exchanges for the same asset. You can't trade GOOG, or TSLA on both NYSE and the NASDAQ for precisely this reason - a run up on one exchange will cause the entirety of money to shift for arbitrage. This is the real problem they are facing, imho.

Actually you can trade GOOG and TSLA on both NYSE and NASDAQ. RegNMS is what prevents inter-exchange arbitrage.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#174

Post by spookthesunset »

maram wrote: post #154
spookthesunset wrote: post #136

Earlier quoted context omitted.

> And when when so many people start to perceive cryptocurrency as a legitimate currency, the price will eventually go up for bitcoin. Bitcoin doesn't work as a currency. It's slow, expensive and can never ever scale to handle even the needs of a small town. > This is an early stage mainstream... Keep dreaming.

>Bitcoin doesn't work as a currency No cryptocurrency is working as a currency today. >Keep dreaming. its not functioning as a currency..no cryptocurrency's has a stable intrinsic value because not many people are using it as a currency YET. Everyone is trading cryptocurrencies, and it will continue like that to attract more people. the price will be stable when: 1. people outside the tech real start using it as a cu…

It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users.

Lets not even forget that bitcoin is 9 years old. If it was gonna catch on, it already would have. The only way it has "caught on" is a pump & dump get rich quick scheme.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#176

Post by sergiotapia »

f2n wrote: post #108
hendzen wrote: post #5

I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!

Per their twitter, "Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks." https://twitter.com/coinbase/status/943290391419174912

Pinky promise!

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#177

Post by anonymous5133 »

electic wrote: post #164

It is interesting to see all the people up in arms here. Everyone here is assuming that no one knew that Coinbase was going to add Bitcoin Cash. That simply isn't true. For the last two months, they have said they plan to add it. In fact, Bitcoin Cash was about 280 dollars and it was common knowledge Coinbase was going to support it. You, the employees, and everyone else could have loaded up if you wanted to. Lastly,…

I made a killing on the BCH speculation because if you looked at the coinbase API, you could clearly see they had BCH support already implemented even before the announcement!

Made 250k profit just today alone.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#178

Post by anonymous5133 »

colinbartlett wrote: post #77

So if I sell my newfound BCH today, which was birthed from thin air a few months ago, but originates from BTC I bought years ago, is it short term capital gains or long term?

Neither, you have to wait until you get audited for them to tell you.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#179

Post by anonymous5133 »

cohnnton wrote: post #23

it's hilarious how many suckers will get drawn to this scam over and over..... 1.) omg this cryptocurrency is so transactional/rare 2.) nope. this isn't transactional at all! it costs me $350 to send $350! 3.) nope. it's not rare, coinbase just added ANOTHER transactional/rare crytocurrency! 4.) time to lose 80% on another cryotocurrency!

BCH is slightly better though because the transactions are basically free.

Re: Buy, sell, send and receive Bitcoin Cash on Coinbase

#180

Post by cma »

dheera wrote: post #152
f2n wrote: post #108

Earlier quoted context omitted.

Per their twitter, "Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks." https://twitter.com/coinbase/status/943290391419174912

So have your SO/friend/etc. buy a bunch of it and slip you a gift card as a Christmas present? There's no law banning insider trading; Coinbase cannot really enforce anything beyond their own contractually-bound employees. I actually find it interesting/relieving to have a market where insider trading is legal. If you got your hands on inside information, more power to you! In the stock market, insider trading being…

Many people predicted the opposite of this would happen though. That when coinbase users got their BCH freed up they would dump it on the market and tank it, and part of the announcement includes freeing up users' BCH.
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