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I read an interesting theory this morning: Because there is greatly reduced liquidity of BCH (most exchanges don't support, hard/slow to deposit into exchanges
by cwkoss 9y ago
I read an interesting theory this morning:
Because there is greatly reduced liquidity of BCH (most exchanges don't support, hard/slow to deposit into exchanges that do), supply of BCH is artificially limited at the moment. Proponents of BCH can trade their BTC for BCH at a rate greater than they believe it is worth to easily pump the value and 'market cap' (most market cap stats have no measure of this 'locked supply') to make BCH appear more popular than it is at a fraction of the price that would be necessary if selling was easy. This could sway more miners to choose to mine BCH over BTC, and in doing so, actually increase the real value of BCH.
From:
https://www.reddit.com/r/btc/comments/6ooorn/small_blockers_are_segshitting_their_pants_over/dkj9mex/ https://www.reddit.com/r/btc/comments/6ooorn/small_blockers_...
- xorcist 9y ago> most exchanges don't support, hard/slow to deposit into exchanges that do It's much more than that. The exchanges that list support do not accept deposits. They won't even show you a deposit address. So you can't sell anywhere at the moment, unless you are one of the few who were awarded BCH by your exchange. The only thing you seem to be able to do right now is to buy it for Bitcoins, not move it. There have been rumors of two Chinese exchanges accepting it, and they do indeed list deposit addresses, but it does not seem to work. Yet at the same time, media everywhere (including this very thread), hype up the great market cap. I guess at least someone got what they came for.