GBTC Investment Trust Dumps Bitcoin Cash
I have been writing about GBTC manyt times here as they wer a good indicator of future prices - always trading premium.
If you read first time here check my older posts.
Now since they hold BTC they also hold possible split-chain-forks and in this case they took out Bitcoin Cash and sold on current prices.
So we know currently they have 172,501 BTC and also BTG and other forks of the kind.
We do NOT know if they sold in favor of BTC or USD pair at this point.
Bitcoin Cash Markets
Remember that today happened 2 forks - SBT and BTU but so far only Binance credited them. Markets are not open but this is why i suggest everyone to get account there. Currently best working exchange.
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Good news! Bitcoin and Litecoin are a perfect team to combine store of value and daily payments. Lightning Network and atomic swaps will connect the two networks soon!
Bcash is only creating FUD and confusion. Hope others follow to dump it!
Yes, I have some share of GBTC, and they decided to sell both bitcoin cash and bitcoin gold and return cash to share holders. They will only focus on BTC.
Well said! This is a great move on their part.
I am buy 10 litecoin and 0.09btc . I cannot exchange it .
hoew i invest in Litecoin bro
now I am In XPCOIN
Why does Bitcoin Cash get so much hate? It seems like a good coin to me. Roger Ver (Bitcoin Jesus) is endorsing it as the superior coin and it has bigger block sizes, more transactions, lots of pros
Because it has grown up from hate. The recent pump & dump of Bcash in parallel with the crash of BTC was clearly an attack on BTC to steal the miners and the Bitcoin brand. The worse thing is that this attack was not fueled by free market forces, but by paid shills, market manipulation and a FLAW (the EDA) that was used and made it almost successful. Roger Ver always have to speak negative about BTC to pump his Bcash, why can't he just point to the positive features of BCH????
SPREAD HATE, GET HATE
hey bro you did not try XPCoin. try it. it look a better future.
True. I heard about an incident where he went off on BTC for no real reason
good comment
We do NOT know if they sold in favor of BTC or USD pair at this point.
It’s bizzare that they have dumped this much BCH onto the market and the market has still risen approx 30% in the last 24 hours!!
Maybe huge demand..
Hey XPCOIN olso now!
BCH is just Bitcoin in the original form and it's functionally superior in every conceivable way.
That maybe true but it doesn’t have the name, publicity, network effect or first mover advantage of btc. No guarantee it will win out!
Very interesting new. I was wondering about the forked coins for GBTC. Yes - Binance is great!
so how would this affect Bitcoin?
I guess no impact ... Because everyday millions of people are buying Cryptos .. supply is limited n demand high
What is this SBT and BTU fork you are talking about? I can't find anything about it.
SO many people playing with bitcoin right now. In my opinion in could make the bitcoin be more speculative.
Bitcoin and Litecoin are a perfect team to combine store of value and daily payments. Lightning Network and atomic swaps will connect the two networks soon..
Bitcoin cash is only creating FUD and confusion. Hope others follow to dump it..
Thanks For Share this Article. @kingscrown
Great post! Thank you much!