People already had Bitcoin Cash on coinbase. It was an airdrop, so everybody who had Bitcoin in august 1st also had the same amount of Bcash after that, and since coinbase is a custodial service, they hold the private keys to generate the Bcash of their user and decided that yesterday was a good day for releasing it for some reason. In august many people sold their Bcash, which caused a initial dump, another dump was expected by the time Coinbase would release their costumers coins. People were buying Bcash in coinbase both because of FOMO and of aparently insider trading that happened some hours before the sudden anouncement. When the price hit astronomical proportions, Coinbase and Gdax paniced and they froze all trading in Bcash. If I am not mistaken Coinbase only took away the "sell" button, affraid of the innevitable dump.
Bcash is as secure as any altcoin, but the crew behind it have taken a bad stance to try to keep the name and brand, which took away in human security. On the long term, my opinion is that the unrestrained blocksize increase and the way they dismiss 2nd technology will make their coin pretty insecure, as miners will not receive enough money for their work.
If you're a good trader, you can make quite some money trading Bcash, but I am not a good trader :p heheheh
I didn't know about Bitcoin cash and when I checked my Bitcoin wallet on Blockchain.info recently I realized I have Bitcoin Cash as well. Due to Bitcoin fork I received that, now it's doubled.
I have most of my investment in Bitcoin and I have it when it was high, now it's really frustrating for me to see Bitcoin falling.
It certainly is. I have a friend who bought a lot of bitcoins recently. What I told them when they bought is to keep calm and expect a price dump, because it was too high. Let's hope next month we have a recovery and that our investments don't go to waste. I will be hodling : )
I am also holding, I believe we can recover. After recovery, I will invest in other altcoins as well.