Bitcoin Cash Now Coming to Bitstamp!
Bitstamp has a long tradition of being one of the longest established cryptocurrency exchanges in the world today, and guess what? They have just announced their plans to launch trading of Bitcoin Cash, a cryptocurrency steadily becoming a more ferocious rival to Bitcoin. Some like Roger Ver have even come out to say it is the 'real bitcoin' partially due to disputes over the recent segwit update and the transformation that has taken place with BTC.
“We get requests from our users who want to trade it,” said Bitstamp CEO Nejc Kodric. “We want to be as agnostic as possible so we look at the system, and if we believe there is sufficient demand and there will be trading and trading volume, we’re going to list it.”
Clearly this decision was made based on the number of requests rather than a desire to increase competition against BTC. I'm a firm believer that both will survive and BTC will remain the more expensive digital asset but also of the viewpoint that based on the growth of BCH to this point, it is underpriced by thousands of dollars at the moment...
Trading of Bitcoin Cash on Bitstamp, which is the third-largest in the world for U.S. dollar and euro trading of Bitcoin, begins in the next couple weeks. The move could indicate possible growing acceptance of a cryptocurrency that many hardcore Bitcoiners view as an unwanted stepchild of Bitcoin and potential threat to the top cryptocurrency.
What I find so interesting about this situation is the fact that Bitstamp is a very conservative exchange which has only traded in four cryptocurrencies up until the present day which are — Bitcoin, Ether, Litecoin and XRP.
The Bitcoin vs Bitcoin cash debate can be compared to the battle between the two sides of the cola wars.
“Coca-Cola invented the sweet, dark, bubbly drink, then Pepsi copied everything 90-95% from Coca-Cola, and they marketed the recipe with bigger bottles — actually, similar to Bitcoin and Bitcoin Cash at the moment — and they did an aggressive marketing campaign to promote Pepsi, and a bunch of people went to the Pepsi camp and said it was a better drink. Maybe a similar thing is happening here. We’ll have two cryptocurrencies similar in the technology having vocal, strong and sometimes aggressive supporters. We’re in the business of allowing users to to trade whatever they want. We’re not taking any side.”
Again personally I see room for both to continue growing and prospering. I think BCH may always be the little brother to BTC but little brothers grow into mighty giants.
Full Disclosure: I'm currently holding Bitcoin Cash and plan to continue holding on to it for my dear life....
What do you guys think of this new development? Will this send markets rallying or is it just another small step for recognition?
Thanks for reading!
Source:
Bitstamp To Launch Bitcoin Cash Trading - Forbes