Kucoin Issues a Warning After Bitcoin Diamond Soars 40x and Then Crashes

in bitcoin •  7 years ago  (edited)

Ever since the arrival of bitcoin cash, forked coins have been en vogue. While BCH has succeeded in gaining traction, not only on exchanges, but also in the real world, the stragglers have struggled. There is little evidence that the likes of bitcoin gold and bitcoin diamond are used for anything other than speculation. That speculation can see forked coins pumped to insane highs, as the events of the pasthet 24 hours demonstrate.

Full article: https://news.bitcoin.com/kucoin-issues-warning-bitcoin-diamond-soars-40x-crashes/

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It is really unpredictable for new coins. Thanks for sharing. An upvote for you!

An orchestrated pump and dump, indeed. Totally nuts. Hope no one got burned too badly.