So, I moved enough to buy an S9 into BCH at around 4pm GMT, hesitated slightly, went out, came back 4 hours later, BCH gets added to coinbase, wait another little while wondering what the hell is happening. BCH moons. I put the S9 order through.
30 minutes later, they're sold out, and BCH is crashing. My order price was locked in.
Worked out that I got my $2800 S9 for about $1700.
Lessons learned:
1. Bitmain KNOW releasing an S9 batch will pump BCH, as people scramble to move coins into BCH to complete their order.
2. Bitmain probably have a big bunch of S9s left. This was almost certainly NOT them running out of stock! Coinbase added BCH, there was a massive sell off of BCH, and only after that did they announce they were out of stock. All within about 3-4 hours of each other. The order makes me think BCH dump was Bitmain cashing out all the BCH they'd just received from the S9 batch.
My theory is this was a well co-ordinated and quite clever pump and dump by Bitmain/Roger Ver/Coinbase.
I will be waiting to see what happens between now and March 2018.
Probably re-selling my $1700 S9 for insane profit on ebay the day it arrives. They currently sell for around £4000 GBP ($5400), which is part of why I think $2800 isn't that unreasonable for Bitmain to price at. The real money they make is from BCH market manipulation.
This! Shady shenanigans indeed from all involved, puts me right off BCH.
Actually I think I’m gonna only call it BCash after seeing that video of Roger Ver freaking out over it.
Congrats on your fortuitous timing though.
Ive been claiming a crazy conspiracy , one day they wont sell off and do a complete network transfer to bch , (for example here is a email you will probably get one day ) Due to the slow TX times of BTC antpool will no longer support BTC all networks have been swapped to BCH , EVERY time BCH Pumps is when antminers are in stock, bitmain only accepting BCH for a BTC mining hardware piece is whats lead me to believe this. 1000% something fishy going on here , BITCOIN is not decentralized with company's like this around. Ive pretty much so exited holding untill i watch this pan out, Bubble dont scare me, bitmain does . MOST asic manufacturers are following suit to this price hiking selling based on machine ROI , technically its illegal in the states but only the redistributors in states not manufacturer , the manufacturer's also ship these as generic "cheap" computers to avoid taxes even to redistributors. We need a miner made in USA. they will be sold on hardware cost and labor then multiplied x3 or x4 like every other company. Selling a machine based on roi in a unstable market is ridiculous a s9 makes today in BTC what a S4 was making in January, I once mentioned bitmain quadruple fucking people . Think about it if bitmain can time coinbase with antminer drops to bch , whos to say they couldnt collaborate with btc.com and slushpool at the same time for a network swap?. Or better yet offer genesis-mining and all those other cloud mining companies 20% off hardware to swap .... Bitcoin isnt decentralized anymore , bitmain owns it and decides what happens to it. theve gotten very serious rallies with BCH in the last 2 months all it takes is for them to hodl bch, only accept bch. if bitmain didnt sell off bch after the pumps we would probably already be fighting bch vs btc and ill honestly tell you bch is a better currency via network standards.
