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Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: sneakyboi on November 15, 2020, 09:48:05 PM

Title: Grayscale’s BCH trust loses $1.6M in value as hard fork begins
Post by: sneakyboi on November 15, 2020, 09:48:05 PM

Grayscale’s BCH trust loses $1.6M in value as hard fork begins

Users have sent more than $300M BCH through exchanges since Nov. 1, while assets under management at the crypto fund manager's Bitcoin Cash Trust have decreased.

The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking on Nov. 15.

According to data from Coin Dance, the Bitcoin Cash (BCH) network has now split into two blockchains. Currently, miner action appears to be favoring the community-driven Bitcoin Cash Node, or BCHN. Crypto exchange Binance’s pool was responsible for mining block 661,647 — the last common block before the fork.

At the time of publication, miners have mined roughly 27 blocks for BCHN and none for Bitcoin ABC, or BCHA.

Learn more about the news here. (https://cointelegraph.com/news/grayscale-s-bch-trust-loses-1-6m-in-value-as-hard-fork-begins)

Title: Re: Grayscale’s BCH trust loses $1.6M in value as hard fork begins
Post by: ShadowCrypto on November 19, 2020, 02:18:54 AM

Fundamentals still look good. Still on Coinbase, BitPay, PayPal, other exchanges,
Grayscale BCH fund, Bitcoin.com, network up 100%, no security bugs, basically the only thing bad is the ABC fork, but its over, and no one important left fundamentally
95% of the community stayed together

Title: Re: Grayscale’s BCH trust loses $1.6M in value as hard fork begins
Post by: Ace H Knows on December 06, 2020, 06:00:29 AM

It was expected because of the selling pressures, due to the uncertainty of HardFork results, Most of the Hodlers might lose price valuation but it's not permanent it will be normalized soon after the fork was done.

Title: Re: Grayscale’s BCH trust loses $1.6M in value as hard fork begins
Post by: ShadowCrypto on December 08, 2020, 03:47:51 PM

We need Bitcoin ETF
Then later we will see an Ethereum and Bitcoin Cash ETF
Then people will finally see Bitcoin is slow and unreliable. Then BCH moons
... profit
For now, we have noob institutional investors and moon boys talking about digital gold