PSA: Coinbase goes full BTC

>wanting a tip for a phone screenshot
nigga...

but anyways of course they wont support BCC, it won't last a month, it is a shitcoin

These faggots might not be 'supporting' BCC but they'll be sitting on a heft amount - if they doubt the shit will survive then expect a massive dump.

great news. fuck jihan wu and his scam coin.

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>>2894409
Worth a shot!
Can't blame a nigga for trying to get these white devil's, these creations of Yakub to pay what they owe.
>whites will be the slaves of blacks once Detroit goes 100% black. Screen cap this

Coinbase might be the slimiest of the slime, but they know what they're doing. They're also the closest thing to normie gatekeepers in the crypto world. If they're giving BCC the thumbs down, that's a sign worth following.

>>2894403
it's a jewish plot to steal your BCC. they want everyone to leave their BTC on jewbase so they can take the BCC you "don't want".

>>2894468
lol that actually makes a fuckton of sense.

Where do i keep my BTC, so i can get the free BCC and sell it off as soon as possible?

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>>2894468
I am sending mine to my brother's cold storage.
Even if it's worthless than BTC. If it mine, I want it. Also, BTC will get rekt that day, Aug 1 will be a link Wojak blizzard. I see 1800 BTC with BCC volumes outpacing BTC as a huge wave of pump and dumps wash over the exchanges. Watch your ass.

>>2894403
All this means is that they never had all of the bitcoin they said they had.

Expect withdrawals to be limited as people rush to pull their coins.

>>2894423
They don't have enough to support their supposed deposits.

This will cause an exchange (I.E. Bank) run when people recognize they don't actually have every coin they say they have.

>>2894497
Just another BTC buying opportunity. It hasn't been rekt so far, and it'll take a lot more than this. Weak hands pls go.

How does this effect me if i have everything in eth and alts?

>>2894488
correct. they're telling everyone they won't support BCC so you'll think it's worthless and leave your BTC on jewbase. move your BTC to whatever wallet you have on your pc.

>>2894517
If you're not already doing this, you deserve to get fucked where the shit falls out.

>>2894516
You should hedge your alts into BTC and keep your ETH. Shitcoin fad is over, and they're going to tank whether BTC does good or bad on the 1st.

>>2894509
>>2894450#
I agree while heartedly.
Look at that other post. It's going to be interesting.
Stay frosty.

>>2894509
Also, where are the weak hands there senpai? I am literally hodling. Jesus, get the nomenclature.

>>2894508
Coinbase has no reason to steal customer funds, they're making a shitload of money on fees. If Coinbase had stolen customer BTC then they wouldn't take an action which encourages customers to withdrawal.

>>2894561
Makes no sense for shitcoins to tank after the 1st, BTC dominance should be up prior with market trying to jew themselves the BCC or just be in position for quick bail in the event it starts to go south. Total cap possibly falling with some preferring to watch from the sidelines. If the fork tanks the BTC itself, which it could on sell the news, maybe we see ALTs take the usual dive

We all just got the same email genius.

>>2894573
they aren't encouraging people to withdraw when they're saying BCC is worthless.

>>2894572
The weak hands are the fools bragging about cashing out into USDT. The only winners in this game are long term thinkers. Buy when it's low, hold when it's high, cash out when your goals are met.

>>2894573
Agreed, however know that they will be collecting the BCC. If they bet it all on BTC, they could collect the BCC that is their customers and use that as a sell cudgel to drive the competing monetary unit, BCC into the ground. This would allow continued BTC dominance, bet them millions and insure that their customers investments are "safe."

>>2894585
Alts are already in the toilet, don't kid yourself. The smart money rode the May wave and exited into BTC/ETH. They do well on BTC uncertainty. After the 1st, whatever happens, the uncertainty factor will be gone. Shitcoins are over.

>>2894591
>27 Minutes later
Yawn, I am getting sleepy, senpai

>>2894611
But ALTs do not do well on BTC uncertainty

>>2894598
Word.
I am looking forward to grabbing som discount BTC between now and 8/1. Or selling at over 3k

>>2894624
Alts derive their value from the idea that they might be the next BTC. Which implies they do something BTC can't. That's how ETH marched up to $400...BTC's infighting and massive transaction delays. Then alts jumped in to ride the wake of ETH's success. Once BTC sorts itself out, it's all over. ETH will probably remain viable just because it's had time to establish itself. Shitcoins are dead.

So they're stealing all their customer's BCC then?

>>2894573
Coinbase has every reason to use customer funds to support it's business model.

You are short-sighted if you think of it as stealing since when you deposited you gave them every right to do whatever they so deemed fit to manage your coins.

Hint, they make money on both buying and selling however there cannot be a 1:1 ratio otherwise they would not make enough money on top of what they are doing.

There is a reason the exchanges don't want to be regulated, because the second the release the regulations they would appear closer to a bank than a true exchange.

>>2894649
>Hint, they make money on both buying and selling however there cannot be a 1:1 ratio otherwise they would not make enough money on top of what they are doing.

you don't understand how an exchange works then

>>2894508
>This will cause an exchange (I.E. Bank) run when people recognize they don't actually have every coin they say they have.
This is why you shouldn't keep your money on an exchange for very long.

>>2894645
Yes.maybe.
If they are, they can do three things with it.
1. Dump the BCC for a low USDT price making them millions
2. Dump the BCC for a low USDT price showing that their bet, BTC, was the correct bet
3. Dump the BCC for a low USDT price insuring that their customers will feel secure with their BTC price.
Hmm.
This sucks. I feel squeezed.

>>2894644
But the next BTC only mattered in the first place because of it's extreme performance, so wouldn't an even stronger BTC only bolster this idea and jack the FOMO on next BTCs?

>>2894645
definitely. They hold the private key so they can access the fork. They'll likely have millions and millions worth of BCC available to them, why the hell wouldn't they grab it?

>>2894668
If it barks like a dog, and it craps like a dog but it calls itself a cat does that mean it ceases being a dog?

>>2894645
Yes

>>2894707
In theory. But what's the "next BTC"? BCC? It's definitely not DGB/ARK/XBY/MNR/(insert shitcoin here). BTC and ETH are going to be gold and silver in the crypto world for years to come. Shitcoins have value like fool's gold has value - it vaguely resembles something important. That's all.

One last PSA attempt: Move everything but ETH into BTC tonight. Then withdraw into a private wallet. You should be hodling nothing but BTC/ETH on Aug 1st.

>>2894762
DCR. If not "next BTC" it's the "next next BTC". You gotta be patient though.

>>2894794
Your money is yours to do with as you please. That's the beauty of America my friend.

>>2894799
>>2894790
sure man. As to your previous comment I think BTC gonna dump right after the BCC split so I'd follow your advice up until right before the split, sell, and then buy however much BCC/BTC you want for half the price.

>>2894573
What exactly is stopping Crypto exchanges from lending out the coins deposited on them?

>>2894815
nothing except fear of punishment. Which is why you should always control the private key.

>>2894809
It very well might. Truth is I don't have the stomach/time for day trading crypto. I just accumulate and hold. I dabbled in alts earlier this year and wound up disappointed and back into BTC/ETH. To each his own.

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CHANKS BTFO

>>2894762
The next BTC is just all of them like it is now, a top 5 could have made you mega rich, so there's next top 5s, next top 10s, where the tops just keep getting fatter and stronger and we have a million worthless shitcoins. Like internet.

>>2894741
R u some kind of moron

Move you BTC to a hard wallet ASAP.

>>2894853
I guess that makes sense. I rolled the dice big on ETH last year and we know how that turned out. My risk tolerance is a lot lower these days. I'm happy to see where BTC goes.

>>2894857
Do you have an argument?

Coinbase doesn't want to be called a money transmitter, they aren't thrilled about being commodity market and they would never survive if they were called what they are closest to which is a bank.

Remember, they are no better than a bucket shop Forex market.

>>2894624
Except LTC. Look at it during BTC uncertainty, it moved up. Even as it fell versus BTC this last week, it was up versus USDT, that might have been due to people trying to shelter and then moving $ out.

>>2894956
What's a bucket shop? Like a place to fill buckets or a 5 gallon bucket in a sea?

>>2894968
You don't know what a bucket shop is yet you are advocating people move money in a certain way in a currency market?

>What's a bucket shop

>DEFINITION of 'Bucket Shop'

>1. A fraudulent brokerage firm that uses aggressive telephone sales tactics to sell securities that the brokerage owns and wants to get rid of. The securities they sell are typically poor investment opportunities, and almost always penny stocks.
>2. A brokerage that makes trades on a client's behalf and promises a certain price. The brokerage, however, waits until a different price arises and then makes the trade, keeping the difference as profit.
>BREAKING DOWN 'Bucket Shop'
>1. Bucket shops are sometimes called the boiler room. The U.S. has laws restricting bucket shop practices by limiting the ability of brokerage houses to create and trade certain types of over-the-counter securities.
>2. The second definition for a bucket shop comes from more than 50 years ago, when bucket shops would do trades all day long, throwing the tickets into a bucket. At the end of the day they would decide which accounts to award the winning and losing trades to.

Investopedia definitions.

I'm more referring to definition 2 which is how the majority of the retail Forex market operates.

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>>2894968
Fawking home run.

>>2894960
Yeah I watched all that and was apparent LTC was being used as a hedging ground for BTC, the more of that we see the bigger the trend should become. Next big event that should dip BTC I will be giving it a try.

>>2894403
>>2894689
ok, so I have my btc in a paper wallet, shit forks, now I have for example 1 btc and 1 bcc. Do they have the same private key? if I sell 1 bcc do I still have my btc?

>>2894815
cuz theres no way to get the funds back

>>2894991
evidence for coinbase being a bucketshop rather than an exchange/ECN?

>>2895158
yes its still the same private key.

what you would need to do is get the wallet software that is made for the original chain (BTC) and the 2nd wallet software made for the forked chain (BCC). then you can import the same key into both software and send your coins out.

you should be very careful about this though, lots of people fucked it up during the eth fork and were sending coins to addresses on the opposite chain.

just chill and read some tutorials or something after the fork happens so you understand it completely

>>2895247
your the tits, thx

>>2894829

did he died?