[cwkoss]

Bit tangential, but I read an interesting theory this morning:

Because there is greatly reduced liquidity of BCH (most exchanges don't support, hard/slow to deposit into exchanges that do), supply of BCH is artificially limited at the moment. Proponents of BCH can trade their BTC for BCH at a rate greater than they believe it is worth to easily pump the value and 'market cap' (most market cap stats have no measure of this 'locked supply') to make BCH appear more popular than it is at a fraction of the price that would be necessary if selling was easy. This could sway more miners to choose to mine BCH over BTC, and in doing so, actually increase the real value of BCH.

From: https://www.reddit.com/r/btc/comments/6ooorn/small_blockers_...

[tpallarino]

Yes. Price and market cap mean nothing when there is not sufficient liquidity. There was literally a 60% price spread between exchanges yesterday because arbitraging is incredibly difficult/impossible.

[runeks]

If arbitraging is impossible, can we really call it a single market? If I can’t seek exchange A’s BCH on exchange B, and vice versa, aren’t we actually dealing with two instruments, rather than one? Looks to me like multiple different BCH IOU markets currently exist: one for each exchange.

This really has nothing to do with the Bitcoin Cash blockchain, since there’s no connection between it and the tickers on the exchanges (you can’t convert one to the other).

An analogy would be ten different commodity exchanges who all trade “steel” instruments, but neither allow you to either sell “steel” instruments and receive actual steel, or deposit actual steel and receive “steel” instruments. In this case, can we really say these exchanges are trading steel? Why would their steel prices ever reflect the actual price of steel, when the two markets are not connected in any way?

[SpaceRaccoon]

Which exchanges? Why is it difficult?

[alanfalcon]

In the end, we're all pawns in the game of making the super-rich even more wealthy, aren't we? insert defeated sigh of resignation here

[Cthulhu_]

And yet, with things like bitcoin and ethereum and the like, some of "us" became rich very quickly. A common trope, and I'll just repeat it, is "I wish I had bought / mined bitcoin / eth in <year>". For ETH that would've been last year.

[kleer001]

Pawns? More like cattle.