That BTC25k can still do a lot of damage, but could also be him covering hist shorts on finix to minimize 3rd party exposure i.e. if finex stop trades etc...
There's talk that the 25k was confirmed before the dump. Maybe he has already dumped them, or some of them. |
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Looks like institutional investors are going to get cheap BTC. Go figure.
This is what Ver and Co don't understand. They are going to lose their power, like the amateurs they are. The pros are going to clean up, like usual. Difficulty adjustment in under 16 hours, good luck to them. The part that you don't understand that Ver is a very very wealthy man. At this point it's not about money but rather power. He was being squeezed out of BTC so he's been trying to clamp on to power any way he can, and this is his last all or nothing battle. Worst case he still walks away multi millionaire that's exactly what I understand. and because of this last ditch effort he will lose his a power at a much faster rate. Serves the fucker right. |
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Looks like institutional investors are going to get cheap BTC. Go figure.
This is what Ver and Co don't understand. They are going to lose their power, like the amateurs they are. The pros are going to clean up, like usual. Difficulty adjustment in under 16 hours, good luck to them. |
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They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own
Yep, what they are doing is basically kicking themselves out of BTC. Once they have none left the can't manipulate anymore. What's more they can't pump BCH as effectively either, they better hope that there are other users out there that want BCH. Because to keep the price at these levels is going to require a lot of new money each day. BTC will be stronger after this, because there will be no more Roger Ver and Co around trying to fuck things up. This is probably the end of BTC being played with by amateurs/early adopters like Ver, the professionals will now move in, for better or worse. |
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But BTC sent to exchanges does. Monday will be interesting. BCH difficulty is forecast to double in 24 hours so miners will switch back to BTC and the memory pool should clear. Lot of coins probably reaching exchange wallets. Could see $5000 if panic selling starts.
BTC is not getting sent to exchanges, mempool is full remember. Everybody wants to buy bitcoin, because that's all that is in the news day in day out. Altcoins, incl BCH, rarely make the news so less interest in them. This is a dip for buying, the new funds will be buying btc on Monday. |
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Seriously, how much f***ing bitcoins do they have?! If I had 20BN the last thing I'd do is play stupid crypto wars like this. Go figure.
Not as many as you think, that's why they are doing this on a weekend. they couldn't manage it during the week. |
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The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.
Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same. Spot on, and this is why it is being done on a weekend. No funds can get through till Monday, so they are hoping that the incoming funds see the BCH ATH and try to get in on it. Thing is, I'd say they're getting this wrong, new funds won't be wanting to buy BCH at ATH, they'll probably be wanting to buy BTC on this dip, like they intended. This is also why the mempool doesn't matter that much, fiat transfers to exchanges are not hindered by spamming the mempool. |
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anybody know at which block the next bitcoincash difficulty readjustment is going to be? It's going to be a big one when it happens?
At this rate bitcoin cash's 21 million coins will be mine within a year.
Why do you think there will be only 21 million altcash coins? Of course they'll have to up the 21 million limit, when they mine all these ones. But that is a year away. lol |
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looks like BCH is finding blocks about 1 every minute, won't take long for whenever the adjustment is.
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Jihady Wu and crazy Ver decided to throw everything they have. Well, thanks for the cheap bitcoins. Always appreciated.
Yep, and soon they'll have no btc and just a shitload of bch. Markets can only be manipulated for so long (unless you're a central bank). |
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anybody know at which block the next bitcoincash difficulty readjustment is going to be? It's going to be a big one when it happens?
At this rate bitcoin cash's 21 million coins will be mine within a year.
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Delusional? Sociopathic... Small cult? Rotflmao The ones with the egos should have been humble and they know who they are. The ppl with the hash will decide...  https://fork.lol/pow/hashrateNo the entire community will decide, not only one part of the community. Yes it will... Maybe we can have torque turn off the lights! Good night all The community is behind BTC, this can be seen in the number of transactions per block. Unlike the empty BCH blocks. haha |
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Delusional? Sociopathic... Small cult? Rotflmao The ones with the egos should have been humble and they know who they are. The ppl with the hash will decide... https://fork.lol/pow/hashrateNo the entire community will decide, not only one part of the community. |
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Unless significant hash power leaves all at once, no effect. On that note when is the next retargeting, most likely that's when they'll act
The thing is nobody is using BCH, their blocks are empty. But let's say that a significant amount of hashing power leaves for good (80% or so) and the users of bitcoin flee because of slow block times for the week or 2 before a difficulty adjustment. Why would they go to bitcoin cash, when they can go to other better and more established alts. This BCH pump is being driven by only the few whales who support it. Their egos have got to them, they think they are smart, and only make correct moves because they are rich and successful. Because of these egos they believe that if they just build it (pumping the price) everyone will flock to them, its delusional, and borderline sociopathic. They are kind of like the leaders of small cult, the literally think they are gods and can do no wrong. |
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If I had sold some more than I did in the 7K now I would stack some bids between 4.5K and 6K. I expected a strong correction since the high 5K in October so this is nothing yet for the moment. But it's to be seen if the huge backlog in the mempool persists thanks to the ongoing spam attack and the halving of hashing power could start a panic as the bitches hope.
I wonder how much an effect the lowering of hashing power will have. let's face it, most people who buy btc do so to hold it, and the hash rate has no effect on transfering fiat to the exchanges to buy btc. I don't think slower blocks matter at all, might actually slow down the selling it it slows people from transfering from cold storage to the exchange. edit:
and this confirms that BCH is a totally fake pump:
sure does |
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Monday is going to be the start of an interesting week, I think the btc drop will end on Monday as money comes back into exchanges and everyone starts buying themselves some cheap btc.
Its obvious that Roger Ver and Co are pumping on the weekend because of the low volumes, I guess they know that they don't have enough financial firepower to do it during the week. The thing I really like about all this though is that Roger Ver's btc stack is quickly diminishing, soon he will have little to none left. Another whale will then have vanicshed from btc meaning less manipulation, Yay!.
Nobody is using BCH, just look at the transactions included in the blocks, bugger all there. Bch is a speculation coin, the only use it gets is on the exchanges.
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hahaha.. kwuckduck. Bitcoin's biggest loser resurfaces. Don't ever change man, I love knowing that you are making no money in the crypto space, while so many other people are.
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It's good to see some people understand the importance of running node. But, for the newbies who may not understand, running a node is essentially casting a vote. please vote for the core team (the ones who brought you a $7500 btc) by running a full node.
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In order to show my support for the core team (who are the guys who got us here in the first place, not the btc1 team) I have started running a bitcoin node. It is very easy, and in effect is a way of voting, just holding btc is not enough, vote by running a full core listening node. I started this thread yesterday https://bitcointalk.org/index.php?topic=2360608.msg24062765#msg24062765It is good to spread the word as much as you can. |
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