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/biz/ - Business & Finance

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2916406 No.2916406 [Reply] [Original]

bizraelis, certain information has come to my attention that is causing me grave concerns and i feel it is my duty to warn each and every one of you.

We all know the scaling drama has caused a huge rift, resulting in bitcoin forking into the soon to be "Bitcoin Cash".

I know many have large holdings and savings in bitcoin, and are 'hodlers' and will never sell, so when the selling starts, you may lose everything if you don't also sell.

Gentlemen, this is certaintly not going to be gentlemen.

Certain information has come to light from back room channels, sources i cannot disclose ~ even writing this post will probably reveal my source - but i feel by gods will, I must warn you all.

Selling is coming. Selling the likes of which hasn't been seen since MtGox era.
Already as i type this, battleships of bitcoin are being shorted on all major exchanges.

Gentlemen, The enemy, the big blockers, have colluded and joined forces. The chinese, Jihan & co have put together a plan to replace bitcoin with bitcoin cash.

The plan goes like this:
Chinese miners (f2pool, antpool etc etc) have organised with major exchanges (via/huobi/okcoin etc) to support and launch bitcoin cash.
Initially they will let everyone who wants to sell, sell.
Once the coin has bottomed out, and everyone who wanted to sell has sold, they [chinese miners/jihad/chinese exchanges] will begin accumulating lots and lots of bitcoin cash.
They will then begin to pump the price to around 0.1 BCC/BTC - 10%
The big pools won't mine it ~ they will let the smaller pools see the returns from mining this expensive, but low difficulty coin and start mining it.

cont.

>> No.2916413
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2916413

2/2

Later, the larger pools will join, and as we know, jihad has ALOT of hashing power, their plan is for bitcoin cash to have more hashing power than bitcoin ~ and lets be honest, once t he chinese move over, that is pretty much it.
Around this time, the 'hard fork' section of segwit 2x is not going to happen ~ it never was - Bitcoin cash will then be seen as the original NYA coin..
At that point in time, Bitcoin cash will be on all major chinese exchanges, possibly some western exchanges aswell, and have majority hashing power. Western companies & other merchant providers (BitPay - @Spair) etc - paid off by bitmain etc will go along with the new bitcoin cash narrative and will push for the 'bitcoin cash' to be called 'bitcoin' on all their platforms, leaving only coinbase et all which will then be the odd ones out..

Now comes the scary part, The old bitcoin, the bitcoin we know and love, is going to get DESTROYED.
What determines a coins success ? It's market cap.
Big old school blockers and miners are going to dump bitcoin back to the bottom, they will take literally billions and billions of dollars out of bitcoin. They will use the money to fund the marketing, and development, or 'bitcoin cash' - Think, Bitcoin core - FIRED. Think - forbes article, "why bitcoin miners and companies are moving to bitcoin cash" - think - "Why the market is chosing bitcoin cash as bitcoin not bitcoin core" - They wil lsay the market has spoken, that people have voted with their money.

Right now, massive huge shorts are being built, already on finex, shorts are at 32k - not seen since $200 these kinds of numbers of shorts, and its climbing, all the t ime, consistently, they have ALOT of coins to short.

The most painful kind of selling, is where it never bounces and if you remember MtGox from $1000 to $70, you'll remember what no bounces feels like ~ and I can tell you. This won't be any better.

Good luck all, remember - fair warning.

>> No.2916420
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2916420

What will happen to coins like NEO, will BTC inevitably drag it down as well or will it be supported since it is backed by the CNY?

Hope you're not roleplaying buddy.

>> No.2916429
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2916429

Thank you kind sir. Have a gif

>> No.2916432
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2916432

SELL
E
L
L

>> No.2916437

sooo buy BCC and get rich? Sound too good to be true...

>> No.2916446

>>2916420
He's obviously LARPing. Crypto autists don't have that level of foresight.
Remember: never listen to /biz/

>> No.2916451

>>2916446
shut the fuck up we told you to buy ETH at $12

>> No.2916459
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2916459

>>2916446
Do you think someone would go to such effort to FUD and cause panic?

>> No.2916471
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2916471

https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf

>> No.2916472

>>2916459
Don't forget entertainment as the thread unfolds.

>> No.2916482
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2916482

>>2916459

Dont underestimate the Power Of Autism

>> No.2916483

Bitcoin core should preempt them by doing 2mb blocks and a change to an ASIC resistant mining algo. It would completely devastate Jihad, hundreds of millions in ASICs would become near worthless, GPU miners around the world will fill the void and BCC won't gain traction fast enough to have an impact.

>> No.2916523

>>2916406

what a load of shit, BCC is not supported by any pools or even Jihan you retard, he literally reiterated his full support for segwit on a press release like 2 days ago

>> No.2916525
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2916525

>>2916523
>trusting the chinks

>> No.2916551
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2916551

>>2916523
Its a ruse, remember pearl harbor

>> No.2916557

>>2916551
>>2916525

nice fudding retards

>> No.2916585

>>2916551

this, fuck the Chinese. pearl harbor bitch

>> No.2916602

>>2916406

lol what a bunch of bullshit
nice try anon but Ill never sell my bitcoin

>> No.2916613

>>2916406
>>2916413
>reddit line spacing
Die.

>> No.2916907

>>2916613
you're fucking bent dude. how autistic are you? you retards probably see leddit symbols in the burn marks on your morning toast.

>> No.2916919

>>2916613
Spacing looks nice. Fuck walls of text and fuck your meme

>> No.2916982

I feel like the only way for Bitcoin to move forward is to do away with the Chinese centralisation.You just cannot trust Chinese.
So let them have their little BCC fork, it wont work out well for them. People are not going to drop the original BTC which is now free for a centralised chink shitcoin

>> No.2916987

>People are not going to drop the original BTC which is now free for

People are not going to drop the original BTC which is now free from China for*

>> No.2917038

nice just sold 100k

>> No.2917079

So what you're saying is, hold both.

>> No.2917085

>>2917079

t. bagholder

stay poor biz

>> No.2917094

>>2916406
Bitcoin isn't forking into anything.
Someone is making a shitcoin named Bitcoin Cash that copypastes the BTC blockchain.