moments. Finder, or the author, may have holdings in the cryptocurrencies discussed. its beyond abnormal, its unprecedented. Photographer: Michael Short/Bloomberg On Tuesday, Coinbase announced it would support buying, selling, and trading Bitcoin Cash (BCH) on its platform. . But the impact might have been deeper felt than we initially realized.
Bitcoin drops 8 to kick off December
Bitcoin price drop Friday December 22 - Business Insider
500 bitcoins in euro
Why bitcoin cash will fail
Choose an exchange to buy Bitcoin. Hacking Regulation Shutterstock Earlier this month the most reliable bitcoin exchanges SEC halted PlexCoin on charges of being an ICO scam, and this week it reportedly suspended trading in The Crypto Company over "concerns regarding the accuracy and adequacy of information" and stock manipulation. And even for those who didn't pay too much attention to the hullabaloo, it might have just amounted to extra, unwanted confusion to keep them from participating further. So it's no surprise that the noticeable and seemingly out-of-the-blue gains made in BCH in the days and hours leading up to the announcement caused some on social media to cry " insider trading." This resulted in Coinbase shutting down BCH trading within minutes to launch an internal. Cryptocurrencies are speculative, complex and involve significant risks they are highly volatile and sensitive to secondary activity. Through the night we've seen signs of a possible upswingbut many are left wondering what could have caused such a massive drop. Meanwhile, Youbit, the popular South Korean exchange, announced its closure on Dec. On December 7, bitcoins price shot past 16,000 and almost touched 20,000 on some exchanges. It took a little bit of a hit after the hacking of a bitcoin exchange Mt Gox but stayed relatively stable until 2017. Neither the author nor Forbes endorses participation in any token sale or cryptocurrency investment, all of which have significant inherent risk. Why would they do that? As a result, those same quick buck people were cashing out for fiat currency before Christmas to pay for the expensive holiday period.