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RE: Splitting cold wallets and trading BitcoinCash + Coinbase has issued an update

in #trading7 years ago

Regarding Coinbase.. if you kept your BTC on Coinbase/GDAX after all of their warnings to move to a private wallet, and all of the 100s of crypto articles warning you to take your coins off exchanges.... then you deserve to wait for 2018.

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If Bitcoin Cash has a future, then all those people that have their BCC locked in Coinbase, will thank Coinbase for making sure they didn't panic sell it like the rest of us haha.

One small problem... most of those articles were also partially wrong. The people who did the best with BCC trades were those who left BTC on HitBIT and Bittrex. Everyone else is either fucked, or left with the scraps. I've learned that cold storage is for savings, while exchanges are for active trading - I am prepared to lose everything I am trading with at any given time. Those articles that tell EVERYONE to get their coins off exchanges weren't seeing the bigger picture, they should have included numerous caveats.

Very true. I wish i kept more on Bittrex.. that said, i dumped what i had on bittrex at like $350.. before it went up to $1200. But regardles.. i have no sympathy for people who left their coins on Coinbase.