Topic: Are Bitcoin Cash overlords selling their BTC stashes? (Read 428 times)
Bitcoin cash is a plague on the crypto world, the sooner people dump and abandon this shitcoin the better it will be for all of us. No more forks and battles to dump the price to the ground
It looks like Bitcoin ABC is in a free fall presently, while its foe, Bitcoin SV, seems to be stable (as in grave). Actually, I don't believe that the latter is really stable as I think its price is being propped up by artificial demand likely coming from Craig and his accomplices, which may also be dumping ABC coins at the same time, now and then. At the moment the ABC chain still has higher price but the price dynamics doesn't look very promising for it (which should have been expected given the financial muscle that CSW has built)
Anyway, I couldn't care less If ABC dies first and SV dies soon thereafter
Anyway, I couldn't care less If ABC dies first and SV dies soon thereafter
It's one big smokescreen.
Both Roger Ver and CSW have clearly declared they are the real bitcoin and bitcoin core will be destroyed.
So first, you cause confusing and an apparent conflict that gets the entire crypto market nervous and panicking.
Then you start dumping little bits of your btc stash increasing this very feeling and behavior. (And for them, these dumps are like pennies to all of us together). Bitcoin price and entire market tanks like crazy.
Buy all the mining power that is no longer being used or want a 'better deal' than mining at a loss.
Get the vast majority of mining power for BCH/SV.
Buy all the cheap BCH in a desperate market with the hundreds of millions you still have left to waste, only BCH/SV goes up, everybody considers it safe haven and the one strong coin.
You win.
They have announced it over and over for more than a year, except nobody is listening and thinks they are full of shit.
You may hate them, they may have terrible ideas, it is all irrelevant.
Money talks.
Both Roger Ver and CSW have clearly declared they are the real bitcoin and bitcoin core will be destroyed.
So first, you cause confusing and an apparent conflict that gets the entire crypto market nervous and panicking.
Then you start dumping little bits of your btc stash increasing this very feeling and behavior. (And for them, these dumps are like pennies to all of us together). Bitcoin price and entire market tanks like crazy.
Buy all the mining power that is no longer being used or want a 'better deal' than mining at a loss.
Get the vast majority of mining power for BCH/SV.
Buy all the cheap BCH in a desperate market with the hundreds of millions you still have left to waste, only BCH/SV goes up, everybody considers it safe haven and the one strong coin.
You win.
They have announced it over and over for more than a year, except nobody is listening and thinks they are full of shit.
You may hate them, they may have terrible ideas, it is all irrelevant.
Money talks.
Craig Wright has said on an interview that he has enough funds to keep mining BCH/SV while attacking BCH/ABC until 2026. I guess he is counting with Calvin Ayre's findings for the task. However, loses aren't linear, things can happen and he may be overrating for how much he can keep this circus going on.
The empirical and only end result here is that "Bitcoin Cash", which pretends to be Bitcoin, has now 2 camps fighting each other to be "the real Bitcoin Cash". In other words: this is only straightening Bitcoin while damaging greatly any future hopes of forking Bitcoin. We knew this was the case in theory, we are just seeing it on practice now as both parties involved are literally burning money away, and confusing everyone that was holding/wanted to buy the token.
It's one big smokescreen.
Both Roger Ver and CSW have clearly declared they are the real bitcoin and bitcoin core will be destroyed.
So first, you cause confusing and an apparent conflict that gets the entire crypto market nervous and panicking.
Then you start dumping little bits of your btc stash increasing this very feeling and behavior. (And for them, these dumps are like pennies to all of us together). Bitcoin price and entire market tanks like crazy.
Buy all the mining power that is no longer being used or want a 'better deal' than mining at a loss.
Get the vast majority of mining power for BCH/SV.
Buy all the cheap BCH in a desperate market with the hundreds of millions you still have left to waste, only BCH/SV goes up, everybody considers it safe haven and the one strong coin.
You win.
They have announced it over and over for more than a year, except nobody is listening and thinks they are full of shit.
You may hate them, they may have terrible ideas, it is all irrelevant.
Money talks.
Both Roger Ver and CSW have clearly declared they are the real bitcoin and bitcoin core will be destroyed.
So first, you cause confusing and an apparent conflict that gets the entire crypto market nervous and panicking.
Then you start dumping little bits of your btc stash increasing this very feeling and behavior. (And for them, these dumps are like pennies to all of us together). Bitcoin price and entire market tanks like crazy.
Buy all the mining power that is no longer being used or want a 'better deal' than mining at a loss.
Get the vast majority of mining power for BCH/SV.
Buy all the cheap BCH in a desperate market with the hundreds of millions you still have left to waste, only BCH/SV goes up, everybody considers it safe haven and the one strong coin.
You win.
They have announced it over and over for more than a year, except nobody is listening and thinks they are full of shit.
You may hate them, they may have terrible ideas, it is all irrelevant.
Money talks.
When money talks bullshit walks
Their quarrels hurt Bitcoin Cash first and foremost (and I hope beyond recovery). If they really could do what you think they are doing (though I don't doubt they want that), it would make more sense to strike together. Right now people see that Bitcoin Cash is quickly turning into a toxic asset, and their disgust and aversion are unlikely to disappear in the future. It does hurt Bitcoin too, but the farther it goes, the less power and influence people like CSW will have over our minds and wallets, up to a point where they are no longer relevant, both financially and intellectually
Quote
The don't need part comes into play in form of free BCHSV coins they will use to fill up financial gaps. They'll dump them and celebrate being freed from faketoshi
So far it looks like they are more willing to dump bitcoins as otherwise there simply would not be enough liquidity in the market (and that would be too obvious as well as utterly useless). The steep price decline as of recent seems to confirm my worst apprehensions
A lot of people swapped few coins to buy BCH only to get the free coins 
. Of course, many of them are currently selling their coins, what do you think. (like with ICO bounties campaign, participants sell everything asap) Personally not much interested in SV or ABC, but I am now going to watch BCH drama
. Of course, many of them are currently selling their coins, what do you think. (like with ICO bounties campaign, participants sell everything asap) Personally not much interested in SV or ABC, but I am now going to watch BCH dramaIt doesn't really matter what the peons do with their varying forms of Bcash. It's the major bagholders like Bitmain who are itching to dump on each other. I dunno what the score is with their IPO but I hope any real investors walk a long way away after all this.
A lot of people swapped few coins to buy BCH only to get the free coins . Of course, many of them are currently selling their coins, what do you think. (like with ICO bounties campaign, participants sell everything asap) Personally not much interested in SV or ABC, but I am now going to watch BCH drama
. Of course, many of them are currently selling their coins, what do you think. (like with ICO bounties campaign, participants sell everything asap) Personally not much interested in SV or ABC, but I am now going to watch BCH drama
It's one big smokescreen.
Both Roger Ver and CSW have clearly declared they are the real bitcoin and bitcoin core will be destroyed.
So first, you cause confusing and an apparent conflict that gets the entire crypto market nervous and panicking.
Then you start dumping little bits of your btc stash increasing this very feeling and behavior. (And for them, these dumps are like pennies to all of us together). Bitcoin price and entire market tanks like crazy.
Buy all the mining power that is no longer being used or want a 'better deal' than mining at a loss.
Get the vast majority of mining power for BCH/SV.
Buy all the cheap BCH in a desperate market with the hundreds of millions you still have left to waste, only BCH/SV goes up, everybody considers it safe haven and the one strong coin.
You win.
They have announced it over and over for more than a year, except nobody is listening and thinks they are full of shit.
You may hate them, they may have terrible ideas, it is all irrelevant.
Money talks.
Both Roger Ver and CSW have clearly declared they are the real bitcoin and bitcoin core will be destroyed.
So first, you cause confusing and an apparent conflict that gets the entire crypto market nervous and panicking.
Then you start dumping little bits of your btc stash increasing this very feeling and behavior. (And for them, these dumps are like pennies to all of us together). Bitcoin price and entire market tanks like crazy.
Buy all the mining power that is no longer being used or want a 'better deal' than mining at a loss.
Get the vast majority of mining power for BCH/SV.
Buy all the cheap BCH in a desperate market with the hundreds of millions you still have left to waste, only BCH/SV goes up, everybody considers it safe haven and the one strong coin.
You win.
They have announced it over and over for more than a year, except nobody is listening and thinks they are full of shit.
You may hate them, they may have terrible ideas, it is all irrelevant.
Money talks.
I keep reading that people think CSW has a lot of BTC, but what's that based on?
Yup. I don't understand this either. He's spending his little friend Calvin's money. I doubt Craigy has the money for a bus fare, and what money he has was probably conned out of the tax man.
The price should have tanked way below $6000 a couple of months ago already, where right now we're only speeding up the process of correcting accordingly. Let it happen, it won't continue endlessly.
The lower the price is, the less effective dumps become, because the same amount of fiat already in the market will be able to eat through larger sales more efficiently. Sellers, keep emptying your bags, do it!
The lower the price is, the less effective dumps become, because the same amount of fiat already in the market will be able to eat through larger sales more efficiently. Sellers, keep emptying your bags, do it!
It works in the opposite direction as well
That is, at lesser prices you can borrow more bitcoins with the same amount of fiat and push them down the throat of morons like the one who had been arguing with me in December claiming that there were millions of dollars sitting in the orderbooks above 10k just waiting for the prices to correct a little. He obviously didn't have a clue that with those millions I could simply borrow his bitcoins and sell them back to him. Then rinse, repeat
Craig of course has a lot of bitcoin whereas abc dudes have a lot of hash power themselves and also of course a lot of bitcoins they mined which means both sides will take this as long as economically possible to win. The only losers will be us the small people that stand between this war.
I keep reading that people think CSW has a lot of BTC, but what's that based on? They are using the sentiment against people in an attempt to talk themselves up, which is ridiculous if people actually believe that.The price should have tanked way below $6000 a couple of months ago already, where right now we're only speeding up the process of correcting accordingly. Let it happen, it won't continue endlessly.
The lower the price is, the less effective dumps become, because the same amount of fiat already in the market will be able to eat through larger sales more efficiently. Sellers, keep emptying your bags, do it!
This is not a secret, they even told this on their twitter, that is a public platform where they literally said they will keep on selling bitcoin to get some fiat currency to pay for this fight.
If they want to win they have to fight for it, both sides will spend millions of dollars into this war and one will eventually lose so as expected they will spend as much as they can possibly spend on this war in order to be the winner. If they lose, they both lose the war and all the money spent on it will go to waste as well. Why would anyone spend millions of dollars into something they eventually lose, so both sides think they have a deeper pocket and can continue spending bitcoin on this war longer than the other person.
Craig of course has a lot of bitcoin whereas abc dudes have a lot of hash power themselves and also of course a lot of bitcoins they mined which means both sides will take this as long as economically possible to win. The only losers will be us the small people that stand between this war.
If they want to win they have to fight for it, both sides will spend millions of dollars into this war and one will eventually lose so as expected they will spend as much as they can possibly spend on this war in order to be the winner. If they lose, they both lose the war and all the money spent on it will go to waste as well. Why would anyone spend millions of dollars into something they eventually lose, so both sides think they have a deeper pocket and can continue spending bitcoin on this war longer than the other person.
Craig of course has a lot of bitcoin whereas abc dudes have a lot of hash power themselves and also of course a lot of bitcoins they mined which means both sides will take this as long as economically possible to win. The only losers will be us the small people that stand between this war.
Thoughts?
No rest for the wicked
The statistical correlation is apparent and undeniable
Personally, I think the causal relationship is bidirectional here, which means whenever there is a change in the SV chain hashrate, there is a subsequent change in the ABC chain hashrate as well to keep the safety margin I mentioned earlier. On the other hand, Craig and his sidekicks are playing up by adding some hashes to the furnace as they see fit in order to keep ABC bleeding. As I said, the ABC chain is set to fail eventually unless they back off from this mortal engagement. But that would likely mean they can't be called Bitcoin XYZ any more
CSW is unreliable. He often resorts to threats and silly allegations. He's called Faketoshi for a reason.
Anyway as I stated previously, CraigCoin seems to be valued much more highly than it should. I'll explain..
BCHABC is basically the continuation of BCH as per full implementation of the old protocol.
BCHSV is a completely new thing still unbacked by commercials. Which is fine - but how could that possibly justify BCHSV current market cap being as high as ADA? BCHSV might be doomed to a steep downfall. Thoughts?
Anyway as I stated previously, CraigCoin seems to be valued much more highly than it should. I'll explain..
BCHABC is basically the continuation of BCH as per full implementation of the old protocol.
BCHSV is a completely new thing still unbacked by commercials. Which is fine - but how could that possibly justify BCHSV current market cap being as high as ADA? BCHSV might be doomed to a steep downfall. Thoughts?
They could have attempted to bring the price down when the hashrate went down as well to create a chain spiral of events. CSW was FUDding hard on twitter all day claiming that, if needed, he would bring the price to 2013 levels.
The fact is, CSW has already failed. ABC team did the cheeky move of adding arbitrary checkpoints, so as far as I can tell right now they cannot reorg the chain as they wanted, so it's a failure. He said there would be no split, but the reality of the situation is, they have lost a lot of money, and we now have $BCHABC and $BCHSV fighting with each other for who is the real "Bitcoin Cash", which "is the real Bitcoin". Imagine having to defend that narrative
The fact is, CSW has already failed. ABC team did the cheeky move of adding arbitrary checkpoints, so as far as I can tell right now they cannot reorg the chain as they wanted, so it's a failure. He said there would be no split, but the reality of the situation is, they have lost a lot of money, and we now have $BCHABC and $BCHSV fighting with each other for who is the real "Bitcoin Cash", which "is the real Bitcoin". Imagine having to defend that narrative
Checkpoints are useless against replays and double spends unless they want to put them after each block. But in that case they don't need an overhead in the form of miners sticking around. A couple of servers processing payments in a perfectly centralized way would do just fine. The implication is that the ABC chain should at all times have a higher hash rate to prevent such things from happening. That basically means they are in a losing position by default and have to keep up a safety margin at any price. Otherwise, they instantly render themselves vulnerable to a 51% attack and all kinds of ugly things that CSW can try to pull off. I don't know how that can be considered a failure on the SV side of the chain. And this can go on for months without CSW actually doing anything other than fearmongering and selling wolf tickets. Overall, it is a losing game for the ABC chain over the long term, and this is what counts, not "they promised no split by the end of the 15th and there is a split"
ABC team's only viable option is to change the protocol but in that case they are no longer Bitcoin
They could have attempted to bring the price down when the hashrate went down as well to create a chain spiral of events. CSW was FUDding hard on twitter all day claiming that, if needed, he would bring the price to 2013 levels.
The fact is, CSW has already failed. ABC team did the cheeky move of adding arbitrary checkpoints, so as far as I can tell right now they cannot reorg the chain as they wanted, so it's a failure. He said there would be no split, but the reality of the situation is, they have lost a lot of money, and we now have $BCHABC and $BCHSV fighting with each other for who is the real "Bitcoin Cash", which "is the real Bitcoin". Imagine having to defend that narrative
The fact is, CSW has already failed. ABC team did the cheeky move of adding arbitrary checkpoints, so as far as I can tell right now they cannot reorg the chain as they wanted, so it's a failure. He said there would be no split, but the reality of the situation is, they have lost a lot of money, and we now have $BCHABC and $BCHSV fighting with each other for who is the real "Bitcoin Cash", which "is the real Bitcoin". Imagine having to defend that narrative
Checkpoints are useless against replays and double spends
Unless they want to put them after each block. But in that case they wouldn't need an overhead in the form of miners confirming transactions, just a server processing payment in a perfectly centralized way. The implication is that the ABC chain should at all times have higher hash rate to prevent such things from happening. That basically means they are in a losing position by default and have to keep up a safety margin. Otherwise they instantly render themselves vulnerable to a 51% attack and all kind of ugly things that CSW can try to pull off. I don't know how that can be considered a failure on the SV side
They promised no split by the end of the 15th and there is a split, we have 2 coins, 2 price tickers, 2 chains. So it's already a failure. I thought CSW and Calvin were shadow mining but at this point it isn't the case.
Hashrate is also not keeping up: https://cash.coin.dance/blocks/hashrate
CSW so desperate that he bought satoshi twitter handle to shitpost and he got banned short after: http://twitter.com/satoshi
Bunch of clowns on both ends that will end up bankrupt for good.
They could have attempted to bring the price down when the hashrate went down as well to create a chain spiral of events. CSW was FUDding hard on twitter all day claiming that, if needed, he would bring the price to 2013 levels.
The fact is, CSW has already failed. ABC team did the cheeky move of adding arbitrary checkpoints, so as far as I can tell right now they cannot reorg the chain as they wanted, so it's a failure. He said there would be no split, but the reality of the situation is, they have lost a lot of money, and we now have $BCHABC and $BCHSV fighting with each other for who is the real "Bitcoin Cash", which "is the real Bitcoin". Imagine having to defend that narrative
The fact is, CSW has already failed. ABC team did the cheeky move of adding arbitrary checkpoints, so as far as I can tell right now they cannot reorg the chain as they wanted, so it's a failure. He said there would be no split, but the reality of the situation is, they have lost a lot of money, and we now have $BCHABC and $BCHSV fighting with each other for who is the real "Bitcoin Cash", which "is the real Bitcoin". Imagine having to defend that narrative
Even if they're selling, they hold so many that what we've seen so far would barely make a dent on their stacks, CSW said that he is selling and is willing to sell all of his bitcoin holdings, how much you can trust that statement is your own decision - personally I don't really buy in to it.
Better the devil you know, huh?
Jihad is not an idiot, but can you say the same about Craig and his minions? If the latter acts like the one and starts burning his money (well, actually not his money but it doesn't matter here), what will Jihad do? You can't gain much from selling SV coins if there is no place accepting them and no price tag attached. And for the record, right now you can't sell ABC coins under whatever ticker either. Major exchanges disabled BCH deposits and withdrawals for the time being anyway. As I said, it is a matter of time until things start to escalate exponentially, and then the part which has more financial muscle (read, bitcoins) wins, if we can call that so. In other words, it is a potentially lethal engagement for Bitcoin Cash as a whole, a trap of sorts, because if one side is insane (which it is), the other is set to act as insane. In the simplest of terms, no rest for the wicked and Craig is toxic. There's no way out for these clowns, and it is a good thing for us. Let'em eat each other
Jihad is not an idiot, but can you say the same about Craig and his minions? If the latter acts like the one and starts burning his money (well, actually not his money but it doesn't matter here), what will Jihad do? You can't gain much from selling SV coins if there is no place accepting them and no price tag attached. And for the record, right now you can't sell ABC coins under whatever ticker either. Major exchanges disabled BCH deposits and withdrawals for the time being anyway. As I said, it is a matter of time until things start to escalate exponentially, and then the part which has more financial muscle (read, bitcoins) wins, if we can call that so. In other words, it is a potentially lethal engagement for Bitcoin Cash as a whole, a trap of sorts, because if one side is insane (which it is), the other is set to act as insane. In the simplest of terms, no rest for the wicked and Craig is toxic. There's no way out for these clowns, and it is a good thing for us. Let'em eat each other
Craig is a lunatic, and he may even be at a point he believes in his own lies.
Bitmain has a company to run, as I said before, heavily depending on BTC to perform well. If Bitmain for whatever reason positions itself in a situation it is forced to obtain fiat to pay bills and whatnot, they will liquidate other coins. As per their own released holdings report, they own 930,000 LTC, 300,000 DASH, and a small amount of Ether.
Tone Vays had Craig Wright in his show for an hour, where Craig said that they use BitPay as their fiat exit point to pay bills and whatnot, so another reason why he's not affecting the market personally. BitPay doesn't immediately sell their coins, just short a fraction and keeps the rest in reserve. And we don't actually know what he is cashing out, he can act like a tough boy, but he need all his Bitcoins (if he has a noteworthy amount to begin with) to pump up his shitty coin.
Tone Vays vs Craigh Wright show; https://www.youtube.com/watch?v=ACEUOCoVvmw
You can't expect a lunatic to act rationally
If we accept that and assume that Craig actually delivers on his promises to ground the other chain (or at least makes an earnest attempt to), everything boils down to whether Bitmain and their benefactors are willing to sacrifice Bitcoin Cash in favor of Bitcoin to avoid getting caught in a death spiral of raising stakes infinitely (well, until the other side runs out of money). If they are not, then they will have to sell bitcoins to keep Craig's attempts to derail BCH contained. Selling litecoins or whatever will simply crash these coins, so from a purely economic point of view selling Bitcoin is a given when things go from bad to worse for these dudes
there is no way for any of us to know because wise people don't share their financial matters with others. and anybody who advertises whet they did is surely lying.
my guess is that no they are not because these people believe in bitcoin more than anybody else. that is why they attempted to take over bitcoin and failed but created BCH instead. you can't expect such people to sell the most valuable possession they have...
my guess is that no they are not because these people believe in bitcoin more than anybody else. that is why they attempted to take over bitcoin and failed but created BCH instead. you can't expect such people to sell the most valuable possession they have...
They could sell their most valuable possesion for two reasons:
1.To fund their "crypto civil wars".Bying more mining equipment,listing their forked altcoins in exchanges,etc.
2.To crash bitcoin core,so they could buy again bitcoins at a price lower than 6K USD after a while,which means easy "bearish" profits.
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