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Soars to $700 because nobody who owns any is able to sell them. Trading is not open to the public except on one exchange right now, and while that exchange is h
by Taek 9y ago
Soars to $700 because nobody who owns any is able to sell them. Trading is not open to the public except on one exchange right now, and while that exchange is holding a comfortable $350, it's also an unpopular and low-volume exchange - I'm guessing 90% of their users today made accounts today just to sell their Bitcoin Cash. I know I did.
Once Kraken, Bitfinex, Bittrex, and the other major BCH supporting exchanges are actually accepting deposits, I imagine we'll see the price take a nosedive.