I thought it was pretty obvious if they committed to giving people their BCH balance they'd have to at least halfway support it. Plus, they never reported any setbacks. The people I talk crypto with and myself are already busy trying to guess what will make it on Coinbase/GDAX after BCH. If this development is any indicator, we're wasting our time since we can just wait until they announce and buy in the period between announcement and launch (assuming they announce the next one before launching it).
I’m not sure that they’ll announce the next one. I think BCH was a bit of an anomaly i this regard. At the time of the fork, Coinbase announced that they wouldn’t support BCH, and then in response to the outcry, changed course and said that they would.
I’m not so sure they’ll do the same with upcoming additions. I do definitely see the merit of trying to guess their next move though, as there seems to be a lot of money in Coinbase just chasing whatever comes up in hopes that it will also go to 20,000/coin
There is an interview with the new CEO saying that they have a formal review process for adding new 'currencies' and BCH is simply first in line.
Having many cryptos adds legitimacy, whether there is one underneath or not..
THey can say oh BTC, BCH, LTC all crashed, but ETH only crashed by 150% so cryptocurrencies are still viable (even when they are not)
Plenty of other exchanges have BCH at $3500 (or so), while Coinbase has it at over $8k: an arbitrage like nothing I've ever seen. Conveniently, buy/sell of BCH on Coinbase is temporarily disabled (or at least it was a few minutes ago).
The letter was simply a possible notion. No guarantee. Why not send out another letter saying they were going to release it on this day?
I know why, because they wanted to manipulate the market.