Bitcoin Cash Added to Coinbase, Crypto Goes NUTS and Charlie Lee Sells All His Litecoin

in cryptocurrency •  7 years ago 

Bitcoin Cash was suddenly added to Coinbase and GDAX, stirring rumors and accusations of insider trading, price manipulation and crazy market action with Bitcoin, Bitcoin Cash and many others. Seemingly everyone is mad at Coinbase now and the Bitcoin vs Bitcoin Cash drama is back on fire. Let's talk about what it all means, as well as Charlie Lee selling ALL of his Litecoin. Should you be worried if you hold LTC?

Brian Armstrong (CEO of Coinbase) post on Insider Trading Policies: https://blog.coinbase.com/our-employee-trading-policy-at-coinbase-1d4e860b7837

Charlie Lee's Reddit Post on Selling his Litecoin:
https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/

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  ·  7 years ago (edited)

I have even more faith in LTC now then I have ever had. Charlie Lee is a true legend in the crypto space and him removing any "perception" of financial gains from his tweets (which many accused him of pumping with), IMO will only strengthen what is already an amazing coin.

I have said it before, and I'll say it again, 2018 is going to be the year of Litecoin (MAST, LN, Confidential Transactions...). Just watch.

I agree, Charlie selling his whole stake is just a sign of transparency in a crypto world that lacks such transparency so much... Coinbase's recent activites are proving that we need more exchanges and individuals to be transparent and upfront about everything. Great post, thanks for sharing!

Until people are flying out upper-floor windows....yawn....

I remember Charlie Lee sold many LTC when it was 20 cents and then you know what happened.

Bruuuuhhhh that meme is golden!

Here's another one I made that might give you night-terrors tonight...

Sleep tight Bobby, sleep tight...

This is a proof of work “fraud” from Coinbase! Make sure you use your calculator before you make any transaction on this platform. Not only the calculated fee is higher than the displayed fee, in addition to that an entirely hidden charge will be revealed on top of all charges, if you are smart enough to spot it.
Leave your comment below, I am in search of a transparent place to buy cryptos and will share my experience with you guys so you can avoid these so-called trusted websites!

Noooo my eyes... Charlie Minaj!

yeah man, alot of mixed signals with that stunt he pulled, but i sold and invested in something w.more potential, like stellar lumen

I couldn't agree more!

A lot of people won't understand how powerful Litecoin is going to be until the end of 2018... their loss!

I am definitely excited about the future of Litecoin!

Haha, awesome! Love it. I think he is going to regret that decision though.

cool

I agree.
It has all Bitcoin has plus a leader that has proven to be the real deal.
One of the good guys.

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I would say that Coinbase listing BCH in the way they did smacks of revenge for the No2x movement that thwarted the fork.

Brian Armstrong and BitPay were really hoping for bitcoin to get bigger blocks, and they felt backstabbed by the way Core and their supporters weaseled out of the NYA agreement after Segwit was activated.

I remember Charlie Lee sold many LTC when it was 20 cents and then you know what happened.

Bitcoin Cash is the REAL Bitcoin!!!

By the way Bobby, you'll have to keep us updated on the fate of Johnny Core... did you put him up for adoption yet? LOL... All kidding aside, I love how in that analogy the wording you chose it sounded like you were the one giving birth to the 2 Johnny's... The future is now!

HAHAHAHAHA dooooood that is incredible

  ·  7 years ago (edited)

I'll meme you more often if you want (I usually just meme Omar (Crypt0) and Charlie Lee, but I can add you to my meme list if you want).

He makes great stuff, honestly LOL

Stop.

Stop being so awesome every day all over with the memes already.

We give up.

You win @budz82.

  ·  7 years ago (edited)

But to be honest I am a bit pissed at this platform lately. I spend a fair amount of time daily doing entertaining and interesting posts and almost never get any real payout beyond a few cents, meanwhile I see people blatantly stealing other peoples content and posting it on here and getting hundreds of dollars for each of their posts (which with the inflated SBD price right now is actually 10x what the post value says). For example there is a zerohedge user which has nothing to do with zerohedge, which gets ~$300 per post he steals and he posts ~4 posts a day. He is literally making 100k+ a month for 10 seconds of effort, while I try to scrape by a couple of cents spending 1000x the time of him. People like that are making more then I make at my full time job for literally doing nothing...

Needless to say Steemit is getting under my skin a fair bit recently but whatever I'll continue to do what I do each day and just accept it I guess...

Sadly my off button broke at birth..
Aka I'm defective.

That bitcoin cash thing was a huge surprise. What's the deal with the insider trading investigation at Coinbase?

LOL - this is one of my favorite comments ever.

No specific statements regarding the insider trading investigation yet, simply that were going to be conducting one. Will definitely stay on top of it, if something comes out.

As the market increases, I see wars battling between the big players. It is a game for world domination, no governments and freedom in all the universe, so the bet has high stakes and is for supreme domination. While, until now some of the markets were complementary, now they tend to cross the paths, intersect and thus the raise of some and fall for others.

bitcoin cash is supported by miners mainly in China, and people think its better than bitcoin in transaction speed and cost, but there are many other alt coins are better than bitcoin cash.

Yes, that's the idea that I've been seeing spread recently.

Love your vids brother I follow and subscribe keep up the great content. JD

Thanks Jake, super kind of you!

He is selling and accumulating which one USD or Bitcoin or Bitcoin Cash?

Just read, seems he has donated everything to charity. Wow! Nice man!

Greay news!!!

Loading more LTC is now a must. This will begin marching up through late December, because now there will be no conflict of interest, just pure growth

  ·  7 years ago (edited)

I expect LTC to more then double before the end of the year (and more then 10x from that point in 2018). Most people don't seem to get that LTC is going to rival Ethereum when it launches MAST Smart Contracts (sooner then most people expect), is going to rival DASH when Lightning Network is launched (also sooner then most people expect), and is going to rival Monero when Confidential Transactions is launched (again sooner then most people expect). Add ontop of that the fact that it has all the benefits of Bitcoin (limited supply) and Bitcoin Cash (cheap/fast transactions) combined... Does no one else see that Litecoin is going to overtake the #1 Market Cap spot next year?

I honestly would love to see that happen! Let's hope!

Great post. I made a post a while back on coinbase fees, check it out:

https://steemit.com/bitcoin/@abetterworld/how-to-stop-paying-coinbase-fees

I was logged into coinbase for all of that. Watching Ethereum I just bought go from being worth $830 to $719 was definitely stressful, but I rebought twice as much when it was at $750, so I think I made up for it. That whole experience really made me realize that I need to just hold for the next few months and stop waiting for these crashed or bubbles to happen. I can't time anything like some stock broker pro.

.

this is very impressive for BCH holders,, this will result a huge rise in the price in the coming few days.
because lots of coinbase users will join the BCH Truck
Charlie Lee is getting crazy by the way

I loveeeeeeeeeeeeeee this.

Great video @cryptobobby What do you think Coinbases' future looks like? Rumors saying there were inside trading. Lots of people losing trust. Even ignoring that, the fees you pay on Coinbase are outrageous! Do you think ETHOS can be the Coinbase killer?

Can you halp my cryptobobby

Mad at Coinbase??? I was holding Bitcoin with Coinbase at the time of the Bitcoin Cash fork so they credited my account. Why would I be mad at Coinbase for giving me free Bitcoin Cash?

Thanks for the insight!

This is good news for BCH

Now LTC price will go down as everyone will be selling. :) BlockChain chain reaction.

Day trading FTW!

Stunting ain't nuthin'

Thank you, @cryptobobby for this balanced account. I have a somewhat irrational faith in Charlie/Litecoin, as I do a distaste for Bitcoin Cash (your analogy was funny, btw, about it being the 'original Bitcoin :)

As a starving poet/philosopher (even though I'm the author of 7 books) I sure would not have minded having some Bitcoin cash... but, can't complain too much, either, in this easy come, easy go new world.

I think Ethereum and Ripple are also good, long-term investments to make, and am looking into Dash and Neo.

Wishing you continued success, Yahia

nice sharing bro visit me too :)

Charlie Lee knows something we don't.

He knows Bitcoin Cash is making Litecoin truly obsolete. Litecoin had all the so-called tech upgrades (Segwit, Lightning). Now he sold all of them to buy Bitcoin Cash.

  ·  7 years ago (edited)

Hummm.....sometimes I get confused over the various trends using cryptocurrencies. I can't even ask my math or economics teacher to explain me.
My only source of knowledge is through steem post.
My challenge is to determine the exact or the correct information about Bitcoin or other cryptocurrencies. How to understand the trend and other issues
...
Sometimes I wonder if we can speculate the future value of these cryptocurrencies? So many questions in my mind right now

  ·  7 years ago (edited)

Wait up! So I have more Litecoin than Charlie Lee? Whaaatt??

Yes, indeed you do!

I was up until like 5 am flipping coins. Made a pretty penny on this flippening . I hope Bitcoin Cash overtakes bitcoin in 2018 it would make the altcoin market boom!

Lovely post. Thanks for the info

Perhaps it was a good move for Charlie, but I don't see the long term benefit. Who cares if people are suspicious? Let the haters hate.

But I nonetheless respect his decision, especially his decision to donate some LTC. If he truly believes in this project and it becomes as big as he thinks, then more power to him.

I don't believe Charlie Lee actually did that...said he gave it to "charity"...I don't buy it...it's a STUNT

I things steemit is the medium of the future to raise money...

Interesting, as I've been watching this debacle over the last several days. I am surprised to see so many leaving BTC for BCH suddenly, especially some of the more well known voices that have been supporting BTC for years now. I am leaning more and more towards supporting LTC because I think this particular cryptocurrencies probably has less problems than the bigger names such as BTC. I like how one Steemit user mentioned the need for transparency as I thought that was what the blockchain was mainly about from the start, maybe I'm wrong, and maybe I'm missing something in my perspective on things, who knows? If you have anything that could clear up some of the confusion and misunderstanding please feel free to share! I'm curious to know more about what happened along the way with BTC especially. Litecoin definitely looks like the cryptocurrency investment for me at this time.

great post @cryptobobby ! As VICE News' Jay Kang told us, “It’s impossible right now to not get rich if you own any Bitcoin.”

woww nicee

thank you for your cryptocurrency news this is like gift for me...

I think selling ltc is not much worthy.. But it is the time of collecting and investment on litecoin.....Because it's price growing rapidly like the world population...

I think bitcoin cash is just taking advantage of the btc scaling issue with fake propaganda spreading FUD.

BCH’s major target is to overtake BTC, not improving the crypto space for the future, this is my opinion.

1.Conbase was never a bitcoin company. They'll sell you whatever will make them a profit.

2.Bcash is a centralized scam, designed to overtake success of Bitcoin by using propaganda to confuse newcomers.

Decentralization matter. Avoid both.

If this is so, then why are there so many suggesting for others to use coinbase? Is it that they know it's a con and are a part of the scheme? I wonder! You're right though, there is a ton of propaganda that would easily confuse any newcomer.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 237.73 SBD, based on the pending payout at the time the data was extracted.

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This is a proof of work “fraud” from Coinbase! Make sure you use your calculator before you make any transaction on this platform. Not only the calculated fee is higher than the displayed fee, in addition to that an entirely hidden charge will be revealed on top of all charges, if you are smart enough to spot it.
Leave your comment below, I am in search of a transparent place to buy cryptos and will share my experience with you guys so you can avoid these so-called trusted websites!

This is crazy stuff.

That shit blew up big time, no longer being traded on coinbase can't buy or sell all those millions of BCH just sitting there. Also under investigation for insider trading its going to be a while.

Hey @cryptobobby

So what are saying here is - Bitcoin and other currencies are dropping because Coinbase added Bitcoin cash. Right?

I am not crypto analyst but I hope Bitcoin rises soon. I can recover my losses. I want to invest in other currencies to make sure I am in profit if few coin drops.

I forget the rule "Don't put all of your eggs in one basket".

Great post! No amount of propaganda will bring down the potency and popularity of bitcoin. However, it does not mean that other new coins may not be greater than bitcoin in future. I follow and upvote you. Do same for me.

what can you pepole dont know that there are doing

i thinking bitcoin break down in 2018 march

Great Post mate, i liked it, don't forget to check out my post about BITCOIN and the whole NSA rumors : https://steemit.com/bitcoin/@bardhylsllamniku/is-bitcoin-created-by-the-nsa-here-is-the-truth-that-should-worry-you

I use blockfolio its amazing to follow cryptocurrencies

Thank you for sharing informations with us

This image on coinbase made me laugh out loud on Tuesday.

image1 (2).png

Bitcoin cash is just the first new addition to gdax and coinbase. They have said they will add others through out 2018.

Absolutely, I made a video about that previously as well. Check it out man!

I like btc

wow, and litecoin has a share of $17 billion now, what was charlie's stake?

Hey buddy, saw your YT comment / thanks for LMK who you were LOL!!

All the Best CSD!!!!

peace bro / happy holidays / steem to moon