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3156567 No.3156567 [Reply] [Original]

Jihan's plans:

Tell me why the following is wrong:

Mining BCH gets easier
Chink miners mine it and sell, driving price down
Smart people buy BCH low and accumulate
This goes on for a long time, until there are BCH/ETH trading pairs and all the other trading pairs
When the exchanges are ready for BCH to kick old senile BTC off the throne, the Chinese miners with their 70% hashing power make it happen
BCH is now Bitcoin
BCH moons
People who bought low buy lambos

What's wrong with that idea?

>> No.3156583
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3156583

Nothing, I fully expect it to happen which is why I'm done trying to time the market and I've moved my BCC into cold storage.

If it does go down more, perhaps to 550 I will buy more though.

>> No.3156586

I doubt it but if you believe in it when do you think it will happend?

>> No.3156596

>>3156583
Are you not afraid of the dip happening and that you might not recover that money???

>> No.3156617

>>3156596
Like I said, it's not worth trying to time the market because unless you're an insider there's a good chance you will get burned. I bought in at 350 anyways so I don't really care.

>> No.3156627

>>3156567
BCH will stay low for days to weeks while whales accumulate and hash rates being steadily drained from BTC mines (http://fork.lol/pow/hashrate).). Eventually BTC will succumb to insane tx time and fees.

>> No.3156702

>>3156617
I bought at 600 do you think i should sell with a loss or just wait?

>> No.3156740

>>3156702
HODL

>> No.3156763

>>3156702
What kind of stupid question is this? Just HODL. Use it as a hedge incase BCC flips with BTC. You'll be rich.

>> No.3156777

>>3156702
I'm waiting myself. I think BCH is a $1500 coin.
For some reason I accumulated 68 of them at around .069 and sold at .16. Now I'm waiting for the price to get lower.

>> No.3156796

>>3156583
I only got 5, but it's most of my crypto though