Bitcoin Forum

Hey guys, I am new so be nice  ;D
So yesterday, the co-founder of Bitcoin said that he is selling his BTCs and then maybe moving to bitcoin cash! In less than 24 hours, coinbase add this to its wallet and then price were pumped up by a few small transactions to 8500$!

In a trade world, this is illegal, isn't it?

Shouldn't Bitcoin have some sort of self regulation to prevent people from doing this kinda stuff?

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EDIT-24/12/2017: Here are a few updates, to prevent people from making wrong assumptions from my original post:

1. I meant co-founder of bitcoin.com, and I made it clear a few post later!

2. bitcoin cash reach to 8500$ even 9000$ for 2 hours, in coinbase.com. The reason was inside trading (google it,plz)

https://news.google.com/news/story/dhnUeN81Wdz8iqMSC9oylCpY84TAM?hl=en

3. The whole topics of this discussion was started about the banaza move that basecoin.com and co-founder of bitcoin.com pull off! This move not only made some people lose their money, but also it caused the price of BTC go down by 30 to 50% over a few days!

Is that what you got from the news? There is something wrong here. It is the bitcoin.com Co-Founder (which is a website). They didn't create bitcoin. You need to either inform yourself better or write better. No point in letting FUD affect one's decisions.

When was BCH $8500?

First of all, that guy isn't the co-founder of Bitcoin. He's the co-founder of Bitcoin.com, which Roger Ver controls. They're known Bitcoin Cash shills. This means absolutely nothing for the true Bitcoin. Let them dump. We're better off without them.

This has happened a month before. I'm not saying it will, but it's likely Bitcoin Cash will crash spectacularly again. Maybe then Bitcoin Cash supporters can finally open their eyes to the reality that they're being used to make money.

Immediately saw co-founder of Bitcoin written here. Smelled trouble from there. There is no known "founder" of Bitcoin, just Satoshi. anyway, there's no way to self regulate what people choose to do or support. That's the beauty/danger in crypto. Things can swing very quickly and in a big way. That's the risk of playing these markets.. It's the wild west of economics.

Maybe a case of looking at the headlines and not the actual story? Big gain for BCH yesterday at any rate.

it is not illegal, but it is an option. and everyone has the option of choosing the best. the snipes are good and he gets a big fortune. I see that BCH will be a big bubble.

It's just because a lot of BCH is in the hands of a few people that they can manipulate prices at will, so it's unreasonable, BCH is a scam.

Most reply are right,, that guy is not the one who created bitcoin or one of the founder.. That man is been a pain in my ass because after supporting bitcoin cash last few months with too much propaganda that turn bitcoin for a decrease.. If you believe that man then your being fooled and that already a scam.. Bitcoin cash is still a forking coin for me and won’t replace bitcoin in any way..

It's mostly FOMO because everyone anticipated Coinbase adding Bitcoin Cash and speculated the price going up. But think about how many people were/are holding Bitcoin Cash from holding so much Bitcoin from the hardfork. So what goes up - must come down.

Who can vetify his activites? I think he just said that to dump Bitcoin price and he will buy it again. You can see the case of JPMorgan CEO, he has told a lie to invest in Bitcoin

I'm being nice. It's the co-founder of Bitcoin.com. It's a very, very, very, very different thing. And this guy, Roger Ver, has been a huge supporter of Bitcoin Cash from before its hardfork was launched. There's nothing nefarious about Roger's interest in Bitcoin Cash. And there's nothing nefarious about him putting his money where his mouth is - selling his BTC to by BCH. That's fine! That's good! And it's also likely a move to build hype to get others invested. There's nothing wrong with that.

At worst, it makes this world of ours more interesting.

At best, it brings fair attention to a Bitcoin alternative that can directly improve upon some of Bitcoin's shortcomings.

The real scam is Bitcoin Cash <BCash> Let's look at this whole scenario.

Bitcoin was the first and original Crypto currency and now a bunch of leechers latched the Bitcoin name onto their Alt coin and they are trying to convince people that it is the REAL Bitcoin.

People like Roger Ver <The Head BCash Cheerleader> invested a lot of money into promoting BCash and he wants a big payday. <He even rage when you refer to Bitcoin Cash as BCash, because the con will fail if the Bitcoin word is removed from the name>

Bitcoin <BTC> implemented SegWit and now services linked to Roger Ver, simply ignore the scaling upgrade for Bitcoin, because it will not favor BCash, if Bitcoin <BTC> can scale with SegWit.  ::)

thank you very much guys for clear explanations and, i should have been more clear! I meant bitcoin.com!


The scam that i was referring was his coordinated action with coinbase.com! Price went to 9500$ for an hours buy pumping in the trading platform (gdex.com and caused a lot of problems)!


this was news a few hours ago! Coinbase open their trade and set the selling price to 9500$! Then after an hour or two they changed it! but it had an effect price of Bitcoin cash went up by 40%!


But if the industry want be more than a wild west economy and actual currency, shouldn't be a little bit more reliable?





Yes, but if this kind of things were happening in Wall Street, many of us here will go crazy about bankers and how they manipulate the market to git rich on the back of ordinary people but here, many of us will say "it is it is okay! as long as I am the one is gaining"!



I see your points about Bcash being not more than a scam, and clearly this event made it even more clear to guy like me new to this field! But as a newbie I am really shocked to see how the environment is toxic.


Again thank you for every bodies answers! ;)

I dont think bitcoin and bitcoin cash are all scam because they are stable now compare to other cryptocurrency that dont give us an assurance. But i think they are legit bith bitcoin and bitcoincash.

for me it's mostly a strategy because everyone is anticipating Coinbase adding Bitcoin Cash and speculating the price will go up well.
But think about how many people hold Bitcoin Cash from holding so much Bitcoin. So what's up and down.

Yeah, I may be wrong, but for me, BCH has always just been free money that I quickly cash in to purchase BTC and other alts.

You cannot sell/buy Cash on Coinbase at the moment. I tried earlier today and got error massage that it is temporary disabled. They initially announced that the Bitcoin Cash will be available after 1. of Jan next year. Now the Bitcoin is recovering well, back to almost 18k $. Maybe it's gonna have another drop when they enable back the Cash trade.

Thats Not why b-cash moved jump the reason it jumped was do to the fact that coinbase
traded on coinbase giving b-cash more options. Coin base is very important to the crypto currencies
They provide an  exchange service that is vital to the communuity

Bitcoin Cash was born from the Segwit2X of Bitcoin. The Bitcoin Core split into 2 part : " Bitcoin" and "Bitcoin Cash" . So i think it's not a scam at all.

BCH is a useful coin with nice price with fast and cheap transactions. But it has a bad reputation so i would rather not touch it. Bitcoin will still remain the no.1 :)

So do you think Bitcoin Cash will lose value immediately, or gain?  I think that, over the Christmas period, many people will sign up to Coinbase and see this "cheap alernative" to Bitcoin and put some money into it.  This could pump the price, over the next few weeks at least....

Trading is not illegal, if you are not sure then stop.

And if told to choose between Bitcoin and Bitcoin Cash, I'd prefer Bitcoin.

Bitcoin is the KING

But why not earn some free extra cash with BTC Cash :)

When BTC will value $100,000 I hope BTC Cash will worth at least $25,000

Bitcoin is the only coin that I would want to have in a wallet. Bitcoin Cash just seems like a slow scam to me.

BTC seems solid, it will go down and come back up! But my problem is with it infrastructures, high fees and transaction speeds!

I also think some of the altcoin will service and do better but eventually it should be become market of a few digital coin!

I do not think that Bitcoin or Bitcoin Cash are scam at all, they are virtual money, and Bitcoin cash came out from BTC so why would it be a scam??

To everyone with bitcoin wallets with coin before August

If you don't like BCH then PLEASE give me that scam coin that is worth nothing

PM me for my BCH address

It will make you sleep better at night knowing you gave that worthless BCH to a dummy that loves it

haha

i think this is a mistake, i never seen BCH reach $8500? or maybe someone else ever seen that price?
in this cryptocurrency, anybody free to sell or buy any altcoin depending on their thiought and nobody can forbidden them to do that.

Why everybody is so sceptic about the bitcoin cash ? In term of technology it's already better than the bitcoin so is it not normal to see this rise for the bitcoin cash ?

this is the beauty of news ;D with only the small news that tells "A", many people get to move so fast and it gives impact in the market even if we don't know what is going on there. I heard that news too but I don't think that news triggered the price to increase because I think that people thinking this could be a good time to buy bitcoin cash because "A" sell all of his bitcoin and finally the price increase too. but as far as I know, bitcoin cash does not yet reach $8500 like everyone said and maybe soon it will rise in that price.

the news was it hit 9K in minutes on coinbase at the rollout

that's why they pulled the plug for days

it's been in major media it hit 9k

Because of insider trading.

“New” carries a chance of being a scamcoin shill.  Just FYI.  I think you probably came here for reasonable discussion; but when launching straight into a controversy, you should understand that it’s better to prove yourself by your behavior than to ask upfront for niceness.


Say what?  Bitcoin has no “co-founder”.  What could you possibly be talking about?



Oh, that.  According to Bitcoin’s founder, Satoshi Nakamoto, the domain name bitcoin.COM never had anything to do with Bitcoin! (https://bitcointalk.org/index.php?topic=88.msg806#msg806)  If you see people confused over the domain name, please spread that link—and also, give people the correct link to bitcoin.ORG (https://bitcoin.org/), the domain name originally registered by Satoshi.  (FYI also, this forum used to be hosted under bitcoin.ORG (https://web.archive.org/web/20091215005450/http://www.bitcoin.org:80/smf/) before it got its own domain name.)


drpixou, either you are lying, or you are stupid.  Pick which one.  There is only one Bitcoin.  There is only one Bitcoin Core (https://bitcoincore.org/); it never “split”.  The misleading misnamed “Bitcoin Cash” is a scam backed by Jihan Wu of Bitmain, a miner who is believed to be covertly exploiting the ASICBOOST security vulnerability (https://cve.mitre.org/cgi-bin/cvename.cgi?name=CVE-2017-9230) which Bitcoin fixed with Segwit.  (So-called “Bitcoin Cash” scamcoin is still vulnerable.)  It is promoted by Roger Ver, a sleazy thug who happened to get his hands on the domain name bitcoin.COM.  It is trash, not cash.  So-called “Segwit2X”, also misnamed and mis-advertized, was a hostile takeover attempt which started with the so-called “New York Agreement”.  Bitcoin Core has been opposed to this nonsense all along.


Say what?  No, BCH is far behind Bitcoin in technology.  Bitcoin has the Segwit upgrade.  Bitcoin will soon have Schnorr signatures, MAST, and possibly sidechains.  Bitcoin will soon have L2 scaling with the Lightning Network.  BCH has none of these technologies.


Last month, I laughed as the sheep got sheared.  No, I am not nice—at least, not to scammers and morons.  Meanwhile, with all the blatant market manipulation involving breathtaking amounts of money, Roger Ver and his cronies managed to knock Bitcoin down about 30% for all of a few days.  Bitcoin rebounded to a new all-time high within the week, whilst BCH crashed from its peak and lots of newbs lost all their money.  (I know that you know this; I am giving capsule history for the newbs.)

I wanted to have BCH just to make a few purchases from Bitmain since they only accept BCH.

this BCH episodeis getting rediculous. it's over, guys.

of course he does, there is nothing valuable about bitcoin anymore, and they see the opportunity in bitcoin cash,

bitcoin, has:

- high fees
- wastes a lot of electricity
- 50% of it is owned by less than 1000 people

bitcoin cash is:

-new
-can be sold as new product for money that people currently still work for
-idiots will be easier found than for bitcoin because they need idiots for the investments

bitcoin will be:

-abandonded and it collapses, till there will be a suitable balance between transaction costs and value,
-it will end up like netscape of cryptocurrencies.

but my honest advise is:

this kind of announcement of bitcoin developers should make you suspicious, about bitcoin cash actually... when bitcoin collapses and milllions of believers will lose their wealth, (what i think is 100% sure)
bitcoin cash and the bitcoin developers wont be popular, people might stream like fanatics to waves and ethereum then and similar then.

regards

well the founder is nakamoto and still bo is known who respect to coinbase because you have to revise that and what you say about the regulations can not be lost the sense of the currency is supposed to be decentralized

i respect nakamoto that he challenged the communal national banker cartells, they are indeed evil and cause poverty, bitcoin however isnt great anymore and its not capable to carry the value and the diversity and the insentives to manage the worlds economy,

i mean jes bitcoin is decentral by why should the ownership and installation of vast computation power be so extremly rewarded?

when people will care more about the quality of the encrypted token than about the plattform itself, we have successfully decentralised the worlds financial system.

First you need to realize he is not the co-founder of Bitcoin, Emil Oldenburg is the co-founder of Bitcoin.com. That's a big difference.
We really do not know if Oldenburg sold all his Bitcoin he did not show any evidence that he did that. Well if he did that is his opinion and trading strategy I do not see any illegal activity there. He is famous in the crypto market so some traders will follow him and some will also take advantage of it.

I agree that there should be some regulation in trading crypto.

No they are not a scam. If bitcoin was a scam so many cryptocurrencies would not exist and Bitcoins value would not be where it is now.

There are no regulations that exist for Bitcoin to prevent something like that, and there shouldn't be any kinds of regulation to prevent something like that since there isn't any point behind trying to regulate a completely free economy. It's always up to the free market to choose where it is going to go, that's the beauty of it all. if there's a pump, the market should correct it or it will stay at that price and the market will have to change to reflect that. Why would any kind of regulation be a benefit to the crypto economy?

Why letting fud affect our decision and when has that guy become co- founder of bitcoin, is there and record as co- founder in bitcoin history a part from santoshi Nakamoto himself alone can make that kind of statement about bitcoin. And bitcoin cash price has never reached $8500 so you should always get your facts right before coming out to make statements.

LOL? Bitcoin Cash? I don't think that bitcoin cash reached that 8k USD. Really? What a great FUD you're spreading. And also that thing, the co-founder of bitcoin moved to BCH? I don't think so.

So apparently, many of people here don't read or follow the news or even 3 pages of discussion here, allow me to make a few points a little bit clear:

1. I am newbie but I know bitcoin does not have a co-founder. I meant co-founder of bitcoin.com, and I made it clear a few post later!

2. bitcoin cash reach to 8500$ even 9000$ for 2 hours, in coinbase.com. The reason was inside trading! I am surprised people even don't follow the basic breaking news all over the internet.

3. The whole topics of this discussion was around the banaza move that basecoin.com and co-founder of bitcoin.com pull off! This move not only made some people lose their money, but also it caused the price of BTC go down by 30 to 50% over a few days!

I appreciate great discussion of many of you! I learned a lot but make sure spend a few mins on previous answers to not have wrong assumptions, and repeating already giving points!

Yes, a few posts later.  Lovely.  Do you know the FUD effect your original post may have, when idiots see it?  Whatever your intentions, that was an extraordinary mistake.

For my part, I quoted your correction in my post; thus, it’s clear that I did read the discussion up to that point.  I also provided a link to Satoshi’s discussion of why he didn’t have the bitcoin dot-com domain name, back in March of 2010.  I presume you had not seen that; most people haven’t.  (N.b. that as far as I know, the domain has changed hands since then—and has never been in the hands of any decent Bitcoiner.)  When I wrote my reply, as you must surely understand, I did not write only it to you; I covered the topic adequately for you, and for anybody else who might read through this thread.

But I must here give you a friendly tip:  If you expect for people on Internet forums nowadays to actually read anything before shooting their mouths off, prepare to be disappointed.  I know that I am, seemingly in perpetuity.

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Edit:  P.S.:  I suggest that edit your original post to add a note like this one, appending the correction to your original post.  That way, people numbskulls who only read the first post will actually see your self-correction—with more graceful results all around.  I do not recommend editing the substance of your post.  Not only would that be dishonestly rewriting history; but it would also make you look like a fool, since your original post is fully quoted in multiple other posts in the thread for anybody to see.

Roger Ver buy bitcoin.com and he with co-founder "website" try to destroy bitcoin.

they use them old bitcoins to buy cheap bitcoins and make bitcoincash stronger.

you will waste money if use BCH.

It wasn't the first time when Bitcoin Cash value was pumped. The same thing happened not that a long time ago. I wouldn't recommend anyone to exchange Bitcoin to Bitcoin Cash because its value is far more unstable than Bitcoin's. SegWit has been already introduced, it is a matter of time before Bitcoin Core releases software which will have full support of it. Lightning Network is almost here and I must admit that it works great.

Thank you very much for the suggestion, I added a few lines in the original post!

No, I read your post, and I was not really talking about your post since it was wide. It started with the same wrong assumption but later you made clear your point and added valuable points to the discussion, I am thankful.

There are many people who can not own bitcoin or bitcoincash because their prices are too high. Because they can not own it, they call it a scam or a bubble when prices start to move fast.

bitcoincash is great to try to make peer 2 peer better than normal bitcoin.

I can’t pay a 10$ fee to send 5$ so that I need bitcoin.