Bitcoin Forum

Am I being paranoid or Roger Ver and Craig Wright dumping BTC to support their projects? BCH (ABC) and BCH (SV) are up on rather impressive volumes lately.

Oops, my bad... Here is another post on the subject which confirms this I guess: https://bitcointalk.org/index.php?topic=5072332.0

According to former Reddit crypto lead-turned-entrepreneur Ryan X. Charles, there are only a couple options for the future of Bitcoin, specifically Bitcoin Cash-spinoff Bitcoin SV — it goes to astronomical highs, or it goes to zero. To illustrate his point, published the following tweet on Friday. It seems he has decided that of the two networks that came out of the BCH hard fork, he’s on the side of Bitcoin SV (BSV).
https://www.ccn.com/craig-wrights-bitcoin-cash-fork-can-hit-1-million-reddits-fmr-crypto-lead/

Read the white paper, it seems they consider all of the idiots.

They are all idiots, hopefully all bitcoin cash variants will go to zero and we go back to focusing on bitcoin. Then the whole market will be lifted back to normal prices

That's the problem:

“Adoption trumps everything.”

SV doesn't even have a dedicated wallet, 64% of blocks are mined by SVPool (https://cash.coin.dance/), and it has zero community or business support. Most of BCH's (former) value was speculative, all of SV's value is speculative. I'm not sure I would put much credence in anything Wright has to offer. He is, after all, the man who pretended to be Satoshi without providing proof, and still does! The best thing about Wright is he makes Roger Ver look like a nice, sane person.

neither of them have dumped bitcoin but they were the reason for the dump and these two are different things that should not be confused.

we have had the drama and the war between these two altcoins over power and money in the past days which has been burning the whole market down as people panic sold their bitcoin and as whales started seeing this as an opportunity to crash the market and make profit from that crash. so we are left with this drop.

the same reason why some altcoins get pumped and some other altcoins get dumped!
for example a couple of days ago a shitcoin called OCC got pumped about 300% while ETH was getting dumped. then OCC was getting dumped while CLAM was getting pumped and the trend goes on... :D

actually if we look at it for a long period of time, they are in the progress of killing their respective projects, because of course, this hardfork doesn't have a pure purpose like the major coin before, in my opinion the things they make are nothing more than just a while, because if you think logically, investors' interests will later be divided so that one of the trading volumes of one projects decreases

It is quite possible this outcome. But for this they need too many assets.

The 'best' thing about Craig is how he is trashing XRP, which then triggers all the sensitive XRP fanboys to counter his arguments with loads of nonsense.  :D

I have seen more of a social media war than an actual hash war. The only thing needed was a bucket full of pop corn and a cold drink. It was top notch entertainment.

Roger Ver is a jerk as always, preaching economical freedom for everyone in form of fast, cheap, and reliable payments, yet chokes the crap out of the services he's heavily invested in just to not let coins such as Litecoin enjoy merchant support. Litecoin is BCash on steroids. That coin scares the crap out of him every single night.

I agree with character of their Developer where  misunderstanding occurs they can't pacify and decided to divide BCH Fork is an indication that this coins is purely run by emotion and not by will planned design and implementation, they will only lure investor and once they saw good volume will dump their holdings and find another coins to invest.

exactly what i was talking about with a friend in real life who has been so hot about BCH. i always say that if a merchant wants to accept cryptocurrency they go for bitcoin. if they want alternatives they choose a copy of bitcoin (a fork) which is going to be LTC which is at least faster and safer since it copy pastes reviewed and tested code from bitcoin!!! and if they want to broaden their horizon they would go with a DAG coin that is different and much faster although it may not be as safe and tested.
nobody chooses BCH as it is evident from their empty blocks...

A simply ideology on how a price of coins gets ruin or build is by simply giving the true and false assumption of an influencer or a well-known being in the crypto world, I really think this two have a great involvement with other Coins and they would surely want to build up by initially manipulating the feelings of certain people,

I really think this is quite an example that can surely tremble the rock was bitcoin stands the impact of these two and the recent event for BCH fork had done a tremendous drama over the value change, But in my opinion, bitcoin will never go down any further than that.

That's how the market works, unfortunately. Buy the rumor, sell the news, and their shitting contest is all over the place, so we can't do much about that now. The bears have already capitalized on that particular news and have been doing bull traps all over the place to keep on profiting. Even the weak hands--understandably--are already letting go of their prized coins just because they're scared of bitcoin's value going nil (which isn't going to happen anyway). It's just crazy how a fork of a fork affect the entirety of the cryptomarket, and the pissing contest between these two crazy guys are changing the tides of the market without them even lifting a finger.

There is a war for hash and they are forced to do it, but I think that they will not be able to do it constantly and soon the correction will stop !

I am looking forward for BTC SV tho.

I just have a feeling both of them will come out of this losers. I don't see how both projects succeed long term, the person I pity most is Jihan because he has more to lose than to win. This is a game of ego and that is all, people overestimate the treat of Craig until he make the vulnerabilities in SegWit open I won't rate him as a person

We can't know for a fact if they aren't or are in fact selling actual Bitcoin on exchanges in order to fund their altcoins. What I do know is that everyone involved in Bitcoin forks has massive egos and they don't like to lose, so what we have is two egomaniacs fighting for their project, and they may do something really stupid, like selling their BTC. This is how bankruptcies are typically filled.

Jihan has massive bags of BCHABC so he's on a really tricky situation: he has an incentive to pump BCHABC but by allocating hashrate he is missing on mining BTC which is becoming increasingly lucrative to do so as difficulty decreases so he could lose dominance.

SV will follow the same path as BTG, which initially got pumped for a good couple of weeks, but later tanked to way lover levels. I put SV on the same level as BTG, because both suck and lack adoption.

BTG currently hovers around $18 per coin, and I expect SV to be worth close to that, maybe higher initially due to how much more hashrate it has and the buy support, but within a year it should be there. 0 utility coin it is.

I see it as yet another shitcoin making sure less liquidity remains in honest projects with a great idea behind them. Aside from a few coins, the whole crypto space is quite a disappointment.

No innovation. Even if there is potential for innovation, it can't survive because the capital here rather backs scam projects.....

yes, they dumped BTC for the BCHABC and BCHSV battles, I found the topic in this forum, that BTC was a victim.

if the BTC price falls below $ 2000, the investor will move their assets to ETH or XRP.

not only you, but everyone and other investors are also paranoid, even their actions have made the panic conditions, I am sure, that some investors who still hold BTC seem to be scared and panic, especially some investors who buy BTC at the end of 2017. it very disappointing.

For me, Roger and Craig are very similar to scammers. I do not plan to invest in their coins. Their coins are very similar to deception and an attempt to deceive the community.

Obviously that's  two man want to totally destroy bitcoin because both they want to promote their project to replace bitcoin as king of crypto but i still believe this trial attempt can't success, until people not give up to continue patronize bitcoin as king of crypto.

both had destroyed the crypto community that was still a beginner, there was a smell of greed. I was disappointed that he used his assets to bring down the BTC price.
he should have built a lot of trust in bitcoin so that the market gave a positive response to all altcoins.

actually there is no difference between any of the forked coins! they are all the same, from BCH to BSV, BTG, BTX, BCD,... none of them have any innovation, no usage and if you take a look at their blockchains you can see none of them are being used since they all have near empty blocks!
it's just that some of them are advertised more so they get bigger pumps and have more bag holding fools and some of them don't know how to hype things up and pump so they don't go that high. i'd say BSV is somewhere in the middle.

that is true. but both of them can be considered "insiders" in case of this drop and since the "war" was planned to happen way before the bitcoin price drop and the drop was expected by them (specially CSW that was advertising for it too), I'd say it is safe to assume that if they sold bitcoin they did it prior to the drop to get the most amount of money out and lose nothing while price was stable so that they can fund their shitcoin fight and also have more money in case they wanted to buy back in the dip.
which means they did not actually "dump".

And a little more shit on the fan.

Bitcoin SV, the brainchild of Dr. Craig Wright backed by CoinGeek mining pool boss Calvin Ayre, surged circa 48 percent in a week. The new BSV ticker added as much as $2.21 billion to its market cap before correcting lower to $1.81 billion on Monday. In contrast, the rest of the top cryptocurrencies were red. Bitcoin ABC, which has gained rights over the Bitcoin Cash’s original ticker BCH, continues to trend lower. Its weekly price action has posted a 23.5% loss. Bitcoin, similarly, has erased $19.73 billion off its market cap, down 23.5% like BCH per weekly performance.
https://www.ccn.com/bitcoin-sv-joins-top-cryptocurrency-ranks-after-climbing-48-in-a-week/

Out of principle, I ain't investing in those two coins because I don't like their leaders. They are alpha male megalomaniacs and narcissists to the point of oblivion. I prefer to invest in a coin like PundiX whose Leadership is mature in outlook and has no beef with others, wants to bring Bitcoin and Crypto into the mass adoption phase, than buy into coins run by a bunch of greedy rich kids. Sorry, but I am out of those even if they pump the sh8t to high heaven, I ain't buying into it. I know many people like to own and trade these coins, good luck to them, but I want to stay out of the mess these peeps created for the whole CMC. Their coins are a waste of space and capital.

I feel the same way, I think the decline in the price of bitcoin now has something to do with their coin project BCH. Hopefully this doesn't have bad consequences for Bitcoin.

I think not only you feel paranoid, but almost all investors panic with the market conditions like now, the result of what they have done, I'm sure investors who bought bitcoin at the end of 2017 were far more panicked, and surely the current conditions were very disappointing.

this sounds so silly to someone who has ever spent at least 10 minutes watching the altcoin market and be in it. i mean 48% rise? are you kidding me :D
it is pathetic when you think about the fact that it is an altcoin we are talking about and 48% is the size of its pump. normally the pumps of altcoins (on daily basis) is at least 100-200%. the shittier they are the bigger their pumps and BSV is the king of shitcoins right now. and by the way these pumps are happening every day but the "media" never covers any of them so people never remember them.

Get out the popcorn and watch, "The Clash of the Scammers" on social media near you.  ;D

You have two people with massive egos and too much money, fighting for the Alpha dog position in the Alt coin scene. They know Bitcoin is the top dog, so they fighting over the spoils in the Alt coin scene.  ;D

Hopefully they are going to burn a lot of money to prove a point or to win a argument, to be the top dog on the yard and the real Bitcoin can continue with it's own goals. <without all the noise coming from those two bagpipes>  :P

Yes it is entertaining but it also is a good field test (and it comes for free for bitcoin) of some theories behind how the big blocks would behave in practice. Example: the recent 2 block reorg in BCH SV blockchain. It was only theory - until it happened, because of the blocks being too large to be sustainable.