What is happening with Bitcoin and Bitcoin Cash⁉️
📢 A group not officially known is making an attack on several fronts to destabilize Bitcoin, since it was not possible to use SegWit2x to create another fork.
The Methodology is this one:
1️⃣ On the one hand, they are saturating the chain of blocks with a lot of transactions, around 23 per second, causing a large accumulation of unconfirmed transactions, which will undoubtedly cause slowness of the network during the next days, inviting back to the topic "We need a bigger block", benefiting Bcash's block with that idea, but in a manipulative way.
2️⃣ On the other hand, they are using the margin management skill of several exchanges to manipulate the market, which only requires organization and some money. This is like this: SHORT is done in Bitcoin and LONG in Bcash in several exchanges, using margin, knowing that they are the biggest competitors (besides ETH). By making BTC short they cause their price to go down, and by doing BCH long they cause their price to go up.
Then, they depend on the mass of people leaving and following the trend they try to score, launching stop loss in several places, and causing panic sales and purchases.
This plan is sustainable for some time, which will be as soon as most of the bitcoin sellers, of those who sold in panic, leave the market. Then buyers will be left alone, taking advantage of the price drop. At that time, they, who are manipulating the market, close both positions, taking advantage of both, and very probably buying the BTC, and taking it to new highs, probably at around 8500 or 9000.
3️⃣ And in the third point of strategy, they will take news out of various places, articles, texts, and any number of things to scare.
What do u think ?
And they want this to be a storage of value or a currency. Good luck with that. No way in hell the mass’s will touch this and put there life savings into crypto’s.
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