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Author Topic: Why are South Koreans interested in bch and how did they do the pump?  (Read 94 times)
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November 14, 2017, 05:35:55 PM
 #1

You all remember what happened a couple of days ago with bitcoin cash, right? It went +150% up, was #2 in coinmarketcap and  people started saying the usual that it's the new bitcoin and all that. Anyway, I took a look at the markets and found out that 70% of bch trading volume was traded in pair bch/krw. So, it were South Koreans who became so interested in the coin and pumped it so hard. How did they manage to operate with more than a billion of dollars and why did they pump the coin so much? A bit later they pumped Dash from $400 to $500 but it wasn't significant after bch, so people didn't even discuss that.
Could you give me the links to some news on why South Korea is so keen on bch, whether there was something related to the government in that and how powerful they are as a country in mining and trading? I didn't find any explanations of what we've seen with bch yet on the Internet, did you?

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November 14, 2017, 05:44:21 PM
 #2

You all remember what happened a couple of days ago with bitcoin cash, right? It went +150% up, was #2 in coinmarketcap and  people started saying the usual that it's the new bitcoin and all that. Anyway, I took a look at the markets and found out that 70% of bch trading volume was traded in pair bch/krw. So, it were South Koreans who became so interested in the coin and pumped it so hard. How did they manage to operate with more than a billion of dollars and why did they pump the coin so much? A bit later they pumped Dash from $400 to $500 but it wasn't significant after bch, so people didn't even discuss that.
Could you give me the links to some news on why South Korea is so keen on bch, whether there was something related to the government in that and how powerful they are as a country in mining and trading? I didn't find any explanations of what we've seen with bch yet on the Internet, did you?

Roger Ver is a rich guy of course him and Jihan can orchestrate massive pumps.

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ZhuldyzKaladinova
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November 14, 2017, 05:44:30 PM
 #3

I'm pretty sure the answer is profit.  Korean society is well educated.  They do their research, hence they know BCash is just an alt backed by criminals.  Their aim is to increase their BTC holdings.  Quite a sad way to do this, though.  I personally believe that mainly larger Korean corporations are behind this billion dollar pumping.
pereira4
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November 14, 2017, 05:45:46 PM
 #4

You all remember what happened a couple of days ago with bitcoin cash, right? It went +150% up, was #2 in coinmarketcap and  people started saying the usual that it's the new bitcoin and all that. Anyway, I took a look at the markets and found out that 70% of bch trading volume was traded in pair bch/krw. So, it were South Koreans who became so interested in the coin and pumped it so hard. How did they manage to operate with more than a billion of dollars and why did they pump the coin so much? A bit later they pumped Dash from $400 to $500 but it wasn't significant after bch, so people didn't even discuss that.
Could you give me the links to some news on why South Korea is so keen on bch, whether there was something related to the government in that and how powerful they are as a country in mining and trading? I didn't find any explanations of what we've seen with bch yet on the Internet, did you?

Roger Ver is a rich guy of course him and Jihan can orchestrate massive pumps.

It must be a matter of logistics. Roger Ver and Jihan live close to South Korea, and they are selling Bitcoin Cash as the real bitcoin a lot into the asian market. I have no doubts about it that there are ties between the exchange and these 2 guys to facilitate the pump. Why would out of nowhere become the #1 ranked in volume BCH exchanger? c'mon.
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