Bitcoin Cash (BCH) is now on Coinbase! What do you think this means for the top 4 cryptos?
What's happened?
The lead crypto currency exchange, Coinbase, has just added Bitcoin Cash to its platform tonight. This has made purchasing of BCH much easier to the general public - and along with rumours in the past 24 hours, has seen its price rise around 50%, whilst also seeing Bitcoin, Litecoin and Ethereum drop as much as 20% at the time of writing!
In my completely unprofessional and rookie opinion, I think that the price of BTC, LTC and ETH will most likely regain and stabilise over the next few days/weeks or so. I believe that the huge percentage increase of BCH will continue for a few days, due to the ease of purchase thanks to Coinbase, and what is sure to be tons of media attention for BCH in the next 24 hours. This will likely create FOMO and have people rush buy, and increase its price even more.
What do you think this means?
Do you think this could spark the 'Bitcoin Bubble Burst' we're so often hearing of? Do you think that the benefits of BCH over BTC, along with easy purchasing now will see a permanent price reduction of Bitcoin? And what do you think this means for Litecoin and Ethereum?
I'd love to hear all of your opinions in the comments below! Hopefully we can get some sort of discussion on the go. :)
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