Bitcoin Forum

to get a lot of bitcoin cash and to dump bitcoin price..

i dont get it. if roger ver is holding that much bitcoin. he will be the first person smiling if bitcoin price are high as ATH as always,
buy why is he risking all his bitcoin to promote bitcoin cash? is it greed? or pride? or that he is really trying to continue the real bitcoin with bitcoin cash.?

thoughts anyone..

It's chess, not checkers. Big game started long time ago. It is not just Roger Ver, it is company Roger, Jihan, miners etc. They playing big, expensive and dirty games. And obviously we don't really know all the  bitcoin addresses involved in it. I hold bitcoin and will buy more when cheaper.

What makes u even think he does this?

Aounds like some speculative bs

Just a little correction, it's not 250K worth of bitcoins. It is 24.9k bitcoins worth few hundred million USD. Below is the link of the transaction and the transaction is still unconfirmed.

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

If he dumps this many bitcoins, it will definitely have a negative impact on bitcoin price so even I am confused with his intention. I will keep watching his tweets and recent price trends to understand what it leads to but it makes no sense unless he wants to buy a new yacht and a private jet for himself.

Where you get such knews?

No. He will not dump his Bitcoin. He is not stupid and he knows that this would be the worse possible move.
If he has the money and can show it here and there, spreading FUD, making people and pools play the game as he wants it.. that could make them build up even more wealth - Bitcoin and Bitcoin Cash. And he will be also certain that whatever happens with any of the coins he will not lose.

A dirty politics is going on.

Roger Ver and Jihan Wu is playing nicely with market sentiments. Crypto community consist of many noob traders who are usually following others and their signals. There are many big names behind this BCH pump who have invested enough to make people believe their claim that BCH is now a new Bitcoin. I don't understand if they really have a better coin, why they need Bitcoin's name for making it popular. Anyways, the trust bitcoin has isn't replaceable at all by any altcoin right now. This all is mere a pump attempt and soon these whales gonna dump it hard on the market followers.

BTC is at some other position in crypto market hard to be replaced by any shit coin. These big names are controlling the BCH market completely. Shifting to BCH wouldn't be more than entering a centralized market. This is exactly what community don't want and will definitely not happen.

It's just a fake agenda. If someone dumps that much of BTC and buys BitcoinCash then most of the BitcoinCash holders will dump, looking at the price. I think it's highly unlikely for this to become true.

Yes. A source would be helpful. Thanks.

Roger Ver.. the man who was banned from the USA, feared in Russia, became rich selling explosives to terrorists via deep web and is now living the AnCap dream in Japan.
Definitely adds another page in the cryptocurrencies history with this move.. let's see what happens but I'd be surprised if him and his Korean partners are enough to completely revolutionize the world at this stage. And interestingly Ver and Jihan Wu vote oppositely in regards to segwit 2x.

He is dumb as hell, but 250 thousand dollars is not going to affect the market, it is impossible because not even 1 billion dollars could move the price for more than $10 on the actual price.
But those 250k could move bitcoin cash value, maybe more than $10 or at least $15, it is not much money but everything makes sound if we talk about bitcoin cash.
I dont know what is his real point, maybe he wants to destroy bitcoin, and he is actually doing it , but what the hell, why did he wanted to do this JUST now??

Too bad for him, let him do the mistake of his life ;D

I'll send him an encouragement post when the BTC will be at 10k :)

The amount of bitcoins he plans to sell actually amounts to almost 150 Million USD. I'm pretty sure that if he sells all the coins, bitcoin prices will crash and bitcoin cash prices will rise.
To me, this is an elaborate pump and dump, hype that he will generate by buying that amount of bitcoin cash will skyrocket the price of the currency, he will then sell it at a profit for much more bitcoin than he bought it for in the first place.

I'm really interested in seeing if one person can dictate the price of bitcoin.

Core version of btc coin is not working.
Insane fees, Insane time to complete transactions , Price per coin drop $1500 in 2 days


Roger Smart guy, he can see core version is dying

He move to Bitcoin Cash
Low Fees, Fast transactions, Price per coin increasing , Works Great!

Be smart like Roger , get out of core coin before it die and you lose everything.

I couldn't agree more. This is such a big conspiracy that has been in the making for a while, probably 2x is always a decoy. BCH is always the end game. Roger Ver probably want to make BCH the fiat of this own country.

He will not sell anything , And he will never sell . He played this game before BCH fork and he threaten to crash BTC market before and he did not sell . Moving coins from address to another does not means he is selling . If it comes to a day were Roger Ver and Jihan Wu control the biggest coin in crypto world I will be better off back to fiat , This will become dark days in cryptowrold .

Also likely a move for a centralized control of bitcoin. China and USA banking likely involved.
Bitcoin is revolutionary and scares the heck out them big central government folks

Think about it, If he sold 1,000 bitcoin while it was on $7,200 that is $7.2 Million and converted everything to BCH which was around $600 each during that time he can own 12,000 BCH and at this time its value is $17 million even if he convert it back to BTC at this time he already earned a lot since he can buy roughly 3,000 bitcoin at its current price. So is Roger Ver really supporting BCH? Is he really loosing whenever BTC's price are dumping? the answer is a big no no. So if you own BTC don't be fooled by this kind of people.

same as you think, probably he just moving his btc to another address ;D
he is not an idiot to dump that number of bitcoin. just planned move to lift bch price more higher

I think, it is part of one big game. He tries to manipulate the market of cryptocurrencies, perhaps, checks as far as the market is steady against manipulations. And now, its actions are very similar on intercurrency trade with two opposite movements of currencies in the market. He intentionally sells bitcoin for the purpose of dump, at the same time locking in profits. All got profit invests directly in BitcoinCash to create an agiotage, thereby entices newbies into currency with mad growth. I think as soon as capitalization BitcoinCash reaches the necessary size, Roger will begin to lock directly in profits in this currency. In my opinion, the return moving of assets to bitcoin will follow after that.

Basic tactic, he send his coins to a different address so people panic thinking he sent to an exchange address, so easy and fun to manipulate the mass when you are rich

Well if he dumped 25k BTC for BCH and sold, he made a killing. The BCH 24 hour volume is enough for him to double up or more on BTC. Sick money.

ver's move only proves that money is the only thing a human person greedily wants, converting his btc to usd and buy cheap bch and pump and dump it huge quick profit for him pity for thoss who bought at hype

it's just a game of big investors to get even bigger profits, as if he's throwing away but in fact he gets more, and many people who do like that not only Roger van, that's the advantage of the investors or big investors, do something like that.

Why do people pay any attention to that numskull? He is the original and most self-serving, smarmy, whimsical, clueless FUDder. He doesn't give a rat's arse about a decentralized economy and all of his daft, slurred rhetoric on Bitcoin are hollow and downright ignorant. I bet hundreds, if not thousands, of idiots followed that shiller to BCH and got their fingers burned. They fully deserve that and much worse.

What disgusts me about cryptocurrency market is how dumb so many people are. If you just wanted to follow someone, why not just stick to following the government? Leave the crypto world to those who can think for themselves and understand true decentralized economy.

What's your source on this? It seems like he has 25k Bitcoins, which is quite a massive amount. If he dumped that in one go, it will certainly move the market.

Does he really plan on going all-in on Bitcoin Cash though? It seems like an overly risky move. There haven't been any solid indicators that Bitcoin holders are likely to support Cash, so it may even be a stupid move. Either way, if he moves that amount of money from Bitcoin to Bitcoin Cash, it's certain to tip the scales quite a bit.

I am not sure whether he is serious about it or not. But why now? He should have dumped them a few weeks back, when the exchange rate of Bitcoin Cash was close to BTC0.05. Right now the exchange rates are going at BTC0.20 - BTC0.25. Anyway, if he dumps that many coins, then we can expect the exchange rates to dive below $4,000 per coin. And BCH market cap may overtake that of Bitcoin.

I will google this information for further information. Well that would be his own business strategy to generate more income so technically he is willing to take his chances do doing such move.

Bitcoin's circulating supply is 16,500,000; if he's got only 25,000 and he dumps them, that's shouldn't even justify a half percentage drop in price.
There's other ways he can make the price drop, and mostly around a combination of his mediatic power (bitcoin.com etc), connections (Korea..) and only at last brute purchasing power.

it would have been better if you also included some sort of proof to what you said.

besides 250K is nothing in bitcoin market and even if he actually sold bitcoin that is what all the rest of the traders did! they sold their bitcoin as they speculated the drop or saw it after it started and then they all bought back in the dip. many below $6000 and selling 250K means you buy that much more at the bottom (~318K at the bottom).
also don't forget that he already has the same amount in bitcoin cash and he is not alone in pumping it.

No need to be confused. The 24.9k of BTC was meant to pump the Bitcoin Cash price. The BTC price will not feel any impact if someone dumps 25k onto the exchanges. We saw very little impact when Silkroad coins were dumped. <sold at auction> The real impact was targeted at the one exchange selling Bitcoin Cash.

It was also a show of commitment to his followers. If he sells his BTC and buy Bitcoin Cash, his followers/sheep will do the same and this will push up the Bitcoin Cash price. Once it goes up, he sells it again and he makes a massive profit.

Oh man its really huge whats happening in community whales are playing big game we will be becoming small fishes for these whales they make the strategy we follow them now huge dump will be happen in bitcoin then these people will bag all bitcoin . Guys dont get into these trap be confident stay supportive to bitcoin . Lets not support these whales games.

It was probably based on this, with an extra zero: Roger Ver just sent 25k btc to bitfinex (https://www.reddit.com/r/Bitcoin/comments/7cefom/roger_ver_just_sent_25k_btc_to_bitfinex/). Or maybe the OP is speculating that there is more to come. If Roger Ver plans to keep liquidating BTC for BCH, then I'm sure he's got more than 25k. The blockchain analysis seems to check out.


Yeah, the market has matured quite a lot in the past year or two, and it swallowed his dumps right up. Well-known former hedge fund manager Mike Novogratz reportedly bought $15-$20 million worth of BTC (https://twitter.com/JoeManzanares/status/930251864309764101) while Ver was trying to suppress the price over the weekend.

I guess that these are logics that we are far from understanding... Just because we don't have that much money, so we could not afford to lose such an amount...

But for some, few, lucky, people, this is just pocket money. So they can play with it, through long-term strategies... or lose all their bitcoin because they have seen another investment opprtunity!

I am not able to explain the "why". I don't think that we have to involve conspiracy theories to explain such behaviour... It is just that capitalism works differently according to your own balance sheet. And until you are rich enough, some strategies will definitely be ununderstandable! ;)

Ok. So now that the price is much lower these days: was it caused by Rog Ver and team? Would his dump warrant prices this low (~$9K) or do you think it must have been someone else in addition to him?

Thoughts? 

He's free to do whatever he wants with his Bitcoin, it's one less whale with a lot of Bitcoin, so I am glad he's leaving Bitcoin and focusing on Bcash.

Because he is dickhead,that is why he wants to manipulate the whole market by overthrowing bitcoin,to replace his shitcoins to be the worst thing that could happen because he can control the value of his shitcoin as he has most of its supply just like what XRP is! purely bullshit which is why we shouldnt be supporting his ass!

I know. I just wanted to estimate the impact purely from a technical price standpoint to see if he should be over dumping based on his previously known btc stash or we should expect lower prices if he has more to dump. Same for Jihan since I know he's being supportive of Bcash.

If he dumps this many bitcoins, it will definitely have a negative impact on bitcoin price so even I am confused with his intention

if he could dump his that much of bitcoin and moreover in that time where the valuation is deflating then most probably, this is his greed or he could be in need of some money that he needs urgently otherwise selling bitcoins at very low rate is never justified because this is the time of holding of bitcoins. He could be dealing with some kind of stress that forced him to sell his bitcoin at the time when the valuation is very very low otherwise there will no such person who will bear such a huge amount of loss that he could dump his 250k worth of bitcoins.

Lot of coins are coming up,  and people at the top  will be doing lot of things to act as distraction to bring down bitcoin, for there coin to have better value. It's all market strategy.

I used to think of Roger as an enthusiast and just a guy who lives the idea of ​​promoting Bitcoin, but now I'm increasingly reading such posts and I understand that he is just like other mercantile and greedy people who do not appreciate the idea that Bitcoin carries.

Roger Ver is an emotionally unstable and immature guy. Just watch his videos where he cries when defending his viewpoints or gets too childish yelling and shouting like if he was 8 yrs old.

He's grown resented because his BCH project doesn't take off as he expected. Time will confirm that BTC is king.

Why do people pay attention to that number? Roger did not give a mouse to a decentralized economy, and all his troubles, the rhetoric of Bitcoin, was hollow and ignorant. They are completely worth and much worse. If you just want to follow someone, why not just follow the government? What is your source? If he sells it in one go, it will definitely move the market. It seems like a dangerous move. Either way, if he moves that amount from Bitcoin to Bitcoin Cash, then surely you will have to consider a bit.

Probably he will get more from BitcoinCash since he is currently holding many. So that he tries to promote BCH more than Bitcoin. But in the end BCH will always be an altcoin for Bitcoin.

it's very lucky if he can do it man. now the market is bad . no one can say the time it's get high

Looking at the date of post, and date transaction was made, I will say it was a smart moved because bitcoin was at its ATH November-december. If he truly sold those bitcoins, currently the money gotten can be used to buy 2-3x money bitcoin than what he sold at that point in time.
That's why I always advice investors to take profit when they see hypes on their investment vehicle then wait for the market to calm down before reinvesting.