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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

#191

Post by fpisfun »

sidlls wrote: post #71
huangc10 wrote: post #41

Earlier quoted context omitted.

> assuming no additional risks emerge The letter was simply a possible notion. No guarantee. Why not send out another letter saying they were going to release it on this day? I know why, because they wanted to manipulate the market.

Plenty of other exchanges have BCH at $3500 (or so), while Coinbase has it at over $8k: an arbitrage like nothing I've ever seen. Conveniently, buy/sell of BCH on Coinbase is temporarily disabled (or at least it was a few minutes ago).

It was a flash spike, it's back down

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

#192

Post by fpisfun »

plaguuuuuu wrote: post #124
twodave wrote: post #30

Why is anyone surprised by this? Coinbase sent an email out months ago saying they'd do this by Jan 1, 2018. Dear Coinbase customer, ... We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. ... Thank you, Coinbase Team Am I crazy? Edit: let me answer those who think I am crazy. BTC literally tripled overnight a few weeks ago when there was "specula…

I can only assume that there is some population of speculators that are only able to purchase bitcoin cash through Coinbase.. maybe the other exchanges make it too difficult?

No, can't really be the case that they can't rather they would just have to be too ignorant to do it elsewhere, if you can buy Bitcoin it's relatively trivial to buy any other crypto currency.

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

#193

Post by garmaine »

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…

> There's no law banning insider trading

This is incorrect.

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

#194

Post by elif »

sxv wrote: post #166
elif wrote: post #156

Earlier quoted context omitted.

Eh it's up 500%+ from virtually all summer. Investing makes way more sense than trying to day-trading a 1-day 50%. Coinbase announced they'd support bitcoin cash by the end of the year. It's the last normal business week of the year. Basically anyone who paid attention to their announcements knew it was impending.

Point of clarification: there was no prior announcement that Coinbase would support trading of BCH. In the blogpost to which you likely refer, it is made clear in the last two paragraphs that they would enable withdrawal of existing BCH balances but trading support would be determined at a later date [0]. This closely follows how they enabled the temporary withdrawal of Ethereum Classic after its fork in 2006 [1]. [0…

They added API support 3 days ago.

Right now, as explained in op, the exchange is POST only. Nothing is being executed.

Is that not enough announcement?

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

#195

Post by NKCSS »

garmaine wrote: post #193
dheera wrote: post #152

Earlier quoted context omitted.

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…

> There's no law banning insider trading This is incorrect.

He means it isn't insider trading if it's an unregistered asset I assume.

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

#196

Post by altern8tif »

garmaine wrote: post #193
dheera wrote: post #152

Earlier quoted context omitted.

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…

> There's no law banning insider trading This is incorrect.

I think he's referring to cryptocurrencies as opposed to listed securities.

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

#197

Post by masterjack »

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, these stocks are traded on both NYSE and NASDAQ (and 10 other exchanges, including IEX), but Reg NMS promises the customer to get the best price on any exchange

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

#198

Post by product50 »

twodave wrote: post #30

Why is anyone surprised by this? Coinbase sent an email out months ago saying they'd do this by Jan 1, 2018. Dear Coinbase customer, ... We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. ... Thank you, Coinbase Team Am I crazy? Edit: let me answer those who think I am crazy. BTC literally tripled overnight a few weeks ago when there was "specula…

If this was so obvious to you in the hindsight, you could have made a ton of money by backing this with investments.
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