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In a prior statement Coinbase and gdax have made their stand clear on BCC when they said that they will neither listing the cryptocurrency for trade nor will they be allowing withdrawals of the currency from Coinbase. The currency does not yet exist as the flag-day hardfork is to occur at 12:20 UTC on the 1st of August. This effectively lowers the value of BTC because post the split, you will not have BCC to withdraw and trade and will only be left with BTC. The coin reached a high of nearly 900 yesterday, before settling at lower prices. Many believe Coinbase will have to change its stance with respect to Bitcoin Cash, but bitcoiners arent taking any risks and so seemingly withdrawing their coins from the exchange to a wallet or another platform).
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Some traders have already started protesting that this stance by Coinbase over BCC amounts to theft. Considering this split, bitcoiners are preparing and taking precautionary steps.
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This effectively means that all users owning Bitcoin will have BCC as well, but Coinbase has decided to take that privilege away from its users. One of the primary reasons why there has been a lot going on for Bitcoin is that if the chain forks, you would own coins on both forks meaning that you will have BTC and BCC on August 1 when the split happens. The hardfork will spit the cryptocurrency into two coins Bitcoin Cash (BCC and Bitcoin Core, which is to retain the bitcoin brand and BTC ticker for now. The bitcoin hardfork is just a week away from.
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BCC, even before the split, has started garnering traction with ViaBTC listing BCC for trading. Coinbase wallet users are increasingly getting agitated over Coinbase not allowing its users to withdraw Bitcoin Cash (BCC).
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Coinbase really needs to rethink their decision about not handing over Bitcoin cash to their customers. When I got back from vacation on July. I have some bitcoin cash that I bought on Bittrex under the name.
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BCC and, coinbase is listing it as BCH. I m aware they re both the same but. 2-3 tablespoons of coinbase bch bcc good extra virgin olive oil (My favorite is this one) 3 tablespoons of Ume Plum Vinegar.