I had just gotten home from work and immediately logged into my Bittrex account and noticed the big spike in BCH. Unbelievable. Glad I held from the fork and bought some when it was cheaper but that's not the point of my post...
The driver behind this rally is BCH being listed on Coinbase from what I understand. Coinbase is notorious for high prices so I was curious what people are paying and I about fell out of my chair when I saw it. So do you want to see what the going rate is on Coinbase? Check out this madness.
Ok John quit exagerrating, it's only $8499.03. Whatever. Close enough.
I was shocked to see it hit over 4K on Bittrex briefly but holy sh**! Paying over a 100% markup? I hope for everyone's sake BCH goes past 10k on ALL exchanges some day. I know there's a lot of noobs just getting into the crypto market but if they had just bought BTC or ETH on Coinbase and transferred to Bittrex or Kraken they could have paid a more reasonable...
I thought I was FOMOing when I made my last buy in the $1300's recently but now that buy looks pretty damn good!
And I wish all the folks rushing in to buy on Coinbase above $8,000 the best of luck. It could get there on all the exchanges in a day or two with the crazy rallies we've seen the past few weeks like with EOS, Ripple, Ethereum, and many others. If it does go to $8k on Bittrex or others Coinbase will probably have it at about the same price as bitcoin. Imagine that!
Good lord what a week!
I'm glad I started buying my cryptos in the summer. I can't help but think this is the opportunity of a lifetime, especially the Larimer projects which have all seen some nice gains in the past couple of weeks. I'm a holder of BTS, STEEM (power), EOS and about 9 other coins right now and I'm holding on for dear life until I can pay off my house and retire.
That's the dream anyway.
I'm not giving trading advice or advice NOT to buy either. This is just a shocking observation I wanted to share with the community. Always do your own research before buying any crypto, stock, or anything else that can lose you a lot of money if you don't know what you're doing (and even if you do know what you're doing!).
