Bitcoin Cash (BCH) Now Live On Coinbase! How this changes things moving forward.

Initially, when BCH was added to CoinBase, it borked the site and trades were suspended when BCH showed a value of about 8500 USD. The currency temporarily inflated on some other exchanges, but now things seem to have leveled off as BCH currently sits at about 3100 USD.

So there are a few things to note about this moving forward:

• Transaction fees for BCH are much lower than bitcoin with an average transaction cost of ~0.25 USD.
  For reference, this is about half of LTC (Curently ~0.50/trans.), but BCH also has around half the trading volume of LTC. So it will be interesting to see how high the transaction fees rise with the inevitable trade volume growth as the 4th coin added to CoinBase.

• If you owned BTC in August, 2017 you either needed to claim your BCH after the fork in your private wallet or apparently it seems as though CoinBase may have done this on your behalf if you had BTC on their exchange at the time. (Still uncertain about the exact details of this) But this is to say, a lot of BTC whales will also have a significant amount of BCH, and they will not necessarily have a reason to immediately sell a highly valuable coin for a lesser priced coin. Especially since BTC still has the most recognition and popularity of any other cryptocurrency. (At least in the US, if not globally) But inevitably, there will be a movement toward the more efficient network.

• A lot of altcoins and tokens may dip (as they did today) as people focus on the "battle" between these two top contenders. Which means great potential for investment into some of the promising tokens in the periphery.

I'm very interested to hear what others on here think about how this addition to CoinBase may change the market and if there are any sleeping giants you'll be investing into in the days to come. I'd love to discuss some of my picks and predictions for the future of the crypto ecosystem in the comments.

Best of luck in these volatile times everyone!
The Great Satoshi Coin Rush has been a great time in 2017.
I look forward to more convoluted craziness in the new year.

P.S. This is my first post on Steemit and I'm excited to be on here. My opinions here merely my own perspective and I'm always open to discussion, debate, and further learning. I look forward to more content to come! Steemit<3

edit: I should have included median trans. fee rates as well. The median trans. fee for LTC (~0.125) is currently closer to 5x that of BCH (~0.025). Though that gap will still likely close to an extent as BCH trading increases.