/biz/ - Business & Finance

>>10130449
Bch is about to flip btc.
Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY.
They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping.
In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos

>>10130449
Doesn't look like anything to me.

>>10130449
This pic explains everything.

>>10130449

It’s not blatant manipulation, sellers are all gone, therefore price goes up.

>>10130449
big players are buying in, it's actually happening. also there was a $100,000,000 short liquidated lol rekt

>>10130449
cashies are the most deluded

>>10130449
It's called a short squeeze.

Leveraged shorts with stop orders (orders that automatically buy back coins and return them to their lenders at a particular price) go off when big buyers purchase enough to up the price to their stop level.

The coins purchased at those stops then further increase the price, hitting other stops in a cascade that continues until all the stopped shorts are cleared. The buyers who started the squeeze then sell to delusional bulls overcome with FOMO during the high volatility period after the squeeze.

Take a look at the volume chart, not just the price one. It's all pretty obvious from there.

>>10130449
supply/demand