Bitcoin price Manipulation, the impact of Bitcoin SV.

[hatshepsut93]

because it assumes that traders are illiterate and retarded.

Many of them are. I've seen coins with a similar ticker to another coin that received some major news pump as well until it tails off when enough people realise. And most of it these days is bot driven. If one moron starts a run the bots may well pile in.

But that's shitcoins with tiny trading volumes, people who have confused bcash and Bitcoin are a small minority of Bitcoin traders, no way there's enough of them to justify going from $6,000 to $3,000 and staying here. I also don't buy the bot trading theory, because if it was true, then the market would be pumped and dumped on a daily basis, if bots can be so easily tricked.

[1714637868]

1714637868

[1714637868]

1714637868

[1714637868]

1714637868

[1714637868]

1714637868

[gentlemand]

But that's shitcoins with tiny trading volumes, people who have confused bcash and Bitcoin are a small minority of Bitcoin traders, no way there's enough of them to justify going from $6,000 to $3,000 and staying here. I also don't buy the bot trading theory, because if it was true, then the market would be pumped and dumped on a daily basis, if bots can be so easily tricked.

I distinctly remember XEM going batty when it was XLM that had significant news. Both rose sharply while everything else was not doing very much and XEM itself had nothing much on the horizon. It didn't last too long but I couldn't think of any other explanation.

[rickadone]

I don't think what happened was a "manipulation" but more like a crazy person doing silly stuff to promote his own coin. Obviously, Craig is a lunatic but is he a stupid lunatic or a smart lunatic we can't really tell, no one can really tell the difference on both of those things but him trying to write Arabic after the hacked satoshi account wrote in Arabic was a pity mistake that showed how idiotic he could be so I doubt he has enough mind to "manipulate" the market himself. He just sold a bunch of coins (tens of thousands of coins to be exact) which affected the market badly for all of us and dropped the price since there was not enough buyers at the time.

Ever since those times people have been selling because they want to get out and there are not enough buyers to balance things out.

[cellard]

The net result is a clear one: Bitcoin wins. An example is set for those that go into a fork picnic: Bankruptcy awaits.

Bitcoin had nothing to lose in the first place, so there hasn't been anything that made it win. It was well expected that a split would happen, because nChain and CoinGeek have a roadmap in mind that doesn't align with anyone other than their own minions. It was also expected that ABC would shift over hashrate from BTC to its own silly chain to protect what's left of its economical incentives. Very predictable behavior from fraudsters.

I'm sure that Roger will come out just fine, because he has never been someone that bothered to care about bear markets where prices tank badly. Bitmain on the other hand can say goodbye to its IPO. It hasn't only lost the far majority of value when it comes to the coins that it holds, but it is also close to present the world horrible business reports due to the bear market.

Well I think Roger Ver has broken several laws with some of the things he has done. For starters, why the hell did he allocate hashrate from his bitcoin dot com cloud mining contracts into the BCash ABC chain without asking for permission if the people that where hiring the hashrate to mine BTC wanted to switch from BTC to BCHABC? I can't believe he actually did that with a straight face, it is insanity.

Not to mention the fact that he confused a lot of people with the wallets being bcash and not Bitcoin and coins being lost, but the hashrate allocation thing was ridiculous. He also proved ABC is centralized due the arbitrary checkpoints, and they used to cry about Bitcoin development being centralized.

Calvin and Craig probably ran out of money to keep attacking ABC while mining their own coin so they released that press release which to me it just sounds like a waving whit flag.

Net result is both forks lost and BCH holders are losing money (actual money measured in BTC).

[South Park]

I wouldn't mind if that split just spells the end for both of them. That whole BCH community is so toxic. Pretending like BCH is Bitcoin and whatnot. Even the BCH developer who recently wrote an article about how BCH devs screwed their blockchain with bad choices in the wake of the split pretended that BSV is Bitcoin. I have a few BCH but I wouldn't mind losing that money and seeing both BCH offshoots shrink to nothing - and seeing that charlatan Ver lose much of his crypto riches would be hilarious, dude is a plague on the crypto space.

That is what really bothers me as well, if they want to create as many of those fake copies of bitcoin then they are free to do it, but they are trying to make it seem as if their coins are the original bitcoin when it is obvious it is not, this only creates even more confusion among those that would like to invest in the market so if both coins disappeared I will be very happy about that.

[figmentofmyass]

Well I think Roger Ver has broken several laws with some of the things he has done. For starters, why the hell did he allocate hashrate from his bitcoin dot com cloud mining contracts into the BCash ABC chain without asking for permission if the people that where hiring the hashrate to mine BTC wanted to switch from BTC to BCHABC? I can't believe he actually did that with a straight face, it is insanity.

you got a source/link? i never heard anything like that. i did a quick google search, but nothing popped up. if he really diverted their hash power and didn't refund/compensate them, that definitely seems like grounds for legal damages.

Not to mention the fact that he confused a lot of people with the wallets being bcash and not Bitcoin and coins being lost, but the hashrate allocation thing was ridiculous. He also proved ABC is centralized due the arbitrary checkpoints, and they used to cry about Bitcoin development being centralized.

i heard both sides implemented checkpoints, which seems to render the whole "hash war" thing a moot point. was it only the ABC side?