Another successful short by Jihan & Ver

[thejaytiesto]

Jihan & Ver Demotions CO. has successfully, once again, crashed the price with their ridiculous premined, stealth-mined JihanCoin hardfork attempt and reaped on the benefits by shorting.


"This blog post should be enough to crash the price!!" - Jihan Wu

What will be next in hardforking adventures of the big blockers? Let's find out.

[BillyBobZorton]

The fall is down to $700 now. I wonder how much money they've made thus far, these guys are moving massive margins, manipulating the price and using the gains to further feed their propaganda machines.

[RodeoX]

The fall is down to $700 now. I wonder how much money they've made thus far, these guys are moving massive margins, manipulating the price and using the gains to further feed their propaganda machines.

Wow..How can they manipulate market prices so easily?

I have been waiting for an answer to that for years. IMO, they can't and those who say they can never seem to be able to explain how.

[thejaytiesto]

The fall is down to $700 now. I wonder how much money they've made thus far, these guys are moving massive margins, manipulating the price and using the gains to further feed their propaganda machines.

Wow..How can they manipulate market prices so easily?

I have been waiting for an answer to that for years. IMO, they can't and those who say they can never seem to be able to explain how.

Ehh.. its easy. Just have a mining monopoly and threaten with a hardfork, just don't forget to set your short before you make the blog post/tweet/whatever. You aren't new. You should remember the fears of XT hardfork, Classic hardfork, BU hardfork... it always results on dips. We saw this on litecoin too where the price pretty must reacted to the miners juggling around with the segwit activation.

Just buy the dip. Anyone with a strong hand in bitcoin will dump their split of JihanCoin if a hardfork actually happens.

[Kprawn]

The newbies fall for this.. time and again. The short term speculators too, because they react to the price and not the news that are causing the

dip. Jihan is definitely not acting on his own... I think a lot of his miners buddies are in on this too... and family members and friends invested in

Bitcoin. The Bitcoin price can be manipulated, if a bunch of whales act together. 

[crazyivan]

The newbies fall for this.. time and again. The short term speculators too, because they react to the price and not the news that are causing the

dip. Jihan is definitely not acting on his own... I think a lot of his miners buddies are in on this too... and family members and friends invested in

Bitcoin. The Bitcoin price can be manipulated, if a bunch of whales act together. 

Fuck this "newbies fall for this". In order for them to pull this one through, someone needs to SELL their BTC and cause these dumps. This is not just them dumping.
Those who sell BTC at these prices purchased them at higher price and are panic selling.

If you re so stupid to fall for this every single time, well, you deserve to lose money.

Fortunately, as it happened many times before, after this kind of dump, things get back to normal withing a couple of weeks time. Sorry for the weak hands, they will obviously lose money. Hope they learn from this.

[BrewMaster]

these days it seems like bitcoin investors are all a bunch of trigger happy people who have their cursors ready on the sell button whilst shaking in fear

- i have no complaints though, it is more cheap coins for me, um num num

[thejaytiesto]

these days it seems like bitcoin investors are all a bunch of trigger happy people who have their cursors ready on the sell button whilst shaking in fear

- i have no complaints though, it is more cheap coins for me, um num num

All the newbies that came into the space recently expected quick gains, now this will make them panic sell hard. When newbies look at coinmarketcap and see how all altcoins are going red too, it will be a nice shakeout of doubters on crypto being the future. They will be back too to buy the tip and sell the dip which is what noobs do.

[European Central Bank]

these days it seems like bitcoin investors are all a bunch of trigger happy people who have their cursors ready on the sell button whilst shaking in fear

- i have no complaints though, it is more cheap coins for me, um num num

what do you mean these days? they always and forever have been like this. i don't really see how it can continue if it plans to get bigger but it's possible it'll have ten or more years of frightened noobs before enough people man up and shrug it off.

[franky1]

lol bitcoin price going down because the BScoiners are telling people that LTC is the future

just some examples

LTC will become a big deal in the future, as long as BTC can't get segwit.

People will move to LTC in order to make fast, instant, cheap transactions. BTC will remain the number #1 coin but LTC will easily go to $200 ish as more and more people catch up with the fact that right now LTC is the best coin to make transactions with.

BTC can profit from cross chain atomic thing in order to make fast cheap transactions thanks to LTC + segwit + LN.

bscoiners love to point fingers in every other direction and then try to play the victim.. while secretly their plan is doing what they want....

[cr1776]

The terms that Bitmain is going to use assures its failure:
1. "exactly 12 hours and 20 minutes after the UASF activation...a block must be included in the blockchain that’s bigger than one megabyte. " ... which will be rejected by the rest of the network

2. "Bitmain will first mine on Bitmain’s Bitcoin chain privately for three days." - so they'll do a pre-mine, mid-stream.  What other miner will choose to switch to a chain that they (a) couldn't mine for three days, and (b) therefore got no income from for three days while (c) having to throw away any income they had generated on the main bitcoin chain for three days?

3. "Second, there must be strong market demand for Bitmain’s Bitcoin. "  For the reasons above this is unlikely and why would anyone want a chain that is centralized to ONE miner/developer etc?  If someone is stupid enough to want that, why not use fiat? Or any number of other alt-coins?

Seems like Bitmain hasn't thought this out at all.  Which may have been the intent if they really wanted to tank the fiat price.  But, even Bitmain doesn't seem dumb enough to actually do this because it only would result in a loss for them.


* Quotes from here:
https://bitcointalk.org/index.php?topic=1967580.0

[TravelMug]

Hmm.. so its really Bitmain that is causing this huge crash in the market. I thought the price manipulation is a thing of the past since the Chinese were caught doing it last January. I guess its really "all about the benjamins". And damn, newbies are shaken, specially those who came just to profit and seeing the crash and saying I might as well sell before my investments goes to nothing. LOL. They are shaken.

[mindrust]

As long as you are holding now, there is nothing to fear. If you managed to sell at top at 2900$, that's good for you now you can benefit from the dump and you can buy stupid Jihan's discounted coins.

If you haven't sold above 2800$, don't even think about selling. They will grab your coins and you'll cry.

A simple tutorial for everybody who's into bitcoin:

[pixie85]

lol bitcoin price going down because the BScoiners are telling people that LTC is the future

If it is so, why aren't we seeing an LTC pump right now. LTC has also went down along BTC, just not so much.

Many of those people that sold in the last 2 days did that to earn money. They aren't scared of Bitmain, but raiding the wave created by them. Some will earn and some will lose. In the long run it will recover, we all know it.

[swogerino]

I am holding my bitcoins from a really long time now and I am waiting until all this drama ends after August 1 where there might happen a fork on bitcoin. I am not afraid of the value of bitcoin go down right now, it will get back where it was really soon after a lot of the ongoing issues will be solved. I have my popcorn ready and I am watching the developments in sideline not taking any action, except buying a few amount of a bitcoin whenever I have the opportunity especially at these dips.
Hold your coins is the solution to this "kind of market manipulation".

[Lauda]

Reposting my original work from another thread. Share it if you like it.

How many times have Jihan and Ver crashed the price so far?

[Variogam]

lol bitcoin price going down because the BScoiners are telling people that LTC is the future

If it is so, why aren't we seeing an LTC pump right now. LTC has also went down along BTC, just not so much.

Their posts from May 5 and May 12. Those users had their agenda at that time and did not care about the Bitcoin price back then. But now they angry at someone else affecting the Bitcoin price?

[franky1]

lol bitcoin price going down because the BScoiners are telling people that LTC is the future

If it is so, why aren't we seeing an LTC pump right now. LTC has also went down along BTC, just not so much.

Their posts from May 5 and May 12. Those users had their agenda at that time and did not care about the Bitcoin price back then. But now they angry at someone else affecting the Bitcoin price?

im laughing..
i havnt cared about the price in a long time. im hoarding bitcoin for the long haul so the daily drama of prices is more about laughing at who is blaming who for what..

the funny part is that moving the bitcoin price does not take much effort
ive seen trades where the price drops using orders of 0.011btc (under $30)

the real reasons the price is volatile is because there is not much in the way of resistance walls, not much order line volume

i remember a few years back it required 500+btc to move the price a small amount now it can be done with hardly any btc.. and although there are more bitcoins in circulation. there are hardly any on exchanges.

most of this is due to AML/KYC.. 'we been hacked' scams and also the tx fee making people not want to move funds into exchanges as much.

but hey i do love laughing at the fud where jihan is to blame for everything..

even though BScartel control most of the exchanges