BTC fall in price explained | YOU MUST READ IT!

Slow death

legendary

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Quote from: Anonym1337x on November 15, 2017, 07:32:23 PM

[...]

he would be right if China had not banned exchanges and CME Group Announces Launch of Bitcoin Futures, this was our salvation, the price of bitcoin did not fall due to this news, if we did not have this news " CME Group Announces Launch of Bitcoin Futures " and many optimistic predictions about bitcoin prices, probably bitcoin would have fallen many days ago, people would be selling their btc to buy bitcoin cash.

Quote from: jonemil24 on November 16, 2017, 04:15:09 AM

the chinese is the the richest people on earth, no doubt about it. Cry

they are strange, they eat strange things

in my country there are many Chinese and they work all day, thanks to the laws of my country that prevent these Chinese from working 24 hours a day. if we did not have laws, these Chinese would work all day, they are the biggest destroyers of our forests.

bitfools

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Quote from: SyamSoedin on November 16, 2017, 03:50:55 AM

so its china again the whole bitcoin community , who will win ? usually on other game china always win , well lets see how it goes ...

It must be frustrating for the Chinese they work so hard to control +80% of the mining, yet they're so far from controlling Bitcoin.

They have said they want the "Brand Bitcoin", believe them when they say that.

I could see a Yuan backed by BITCOIN/GOLD, a very strategic currency, once the US Dollar collapses.

FUD created by BTG/BCH are just 'political' non-violent warfare in the great coming battle over the ownership of the "Bitcoin Brand"

All of a sudden China is showing great interest in IP, funny they never cared before

))

bitfools

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Quote from: jonemil24 on November 16, 2017, 04:15:09 AM

the chinese is the the richest people on earth, no doubt about it. Cry

The average chinese is rich, the average american is poor.

Correct grasshopper.

Chinese have said that Bitcoin is "Money for the Gods" too important to be in the hands or control of Goyim. Most of the xian-chinese moguls are ashkenazi.

bitfools

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Quote from: dothebeats on November 16, 2017, 04:22:45 AM

Wow, Roger Ver and company really has some deep pockets to perpetrate such a nefarious attack on the whole of bitcoin. No matter how hard the stone hits on the Chinese's head, they'd still find a way to bounce back and own the market just like what they're doing right now. In all honesty, I thought that the ban in all exchanges would be the end of China's empire-like reign on the trading scene. Well here they go again with another fork and some Western friends ready to back them up if all hell get loose.

CHINA only banned ICO's, to protect the nations elderly from fraudsters.

bitfools

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Quote from: jonemil24 on November 16, 2017, 04:15:09 AM

the chinese is the the richest people on earth, no doubt about it. Cry

CHINA has some 80% of the MINING POWER,

If somehow u could herd or manage 1000's of chinese miners to all work together for a common goal,,....

Well great idea, but u don't understand the greed nature of individual chinese men, they each are little KINGS ( one child homes ), and they ALL wants it ALL for themselves

Now if the GOV could create some kind GREAT-BITCOIN-WALL and proxy all those chinese-cats, then U would have absolute control, but then ain't going happen cuz we have secure-nodes and VPN, and all kind p2p torrent nodes for BTC, ..

dothebeats

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Wow, Roger Ver and company really has some deep pockets to perpetrate such a nefarious attack on the whole of bitcoin. No matter how hard the stone hits on the Chinese's head, they'd still find a way to bounce back and own the market just like what they're doing right now. In all honesty, I thought that the ban in all exchanges would be the end of China's empire-like reign on the trading scene. Well here they go again with another fork and some Western friends ready to back them up if all hell get loose.

lazygin001

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The chinese are rich and can make a hug impact to the crypto market but I am not sure if they are capable to take it down though.

jonemil24

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imagine me

the chinese is the the richest people on earth, no doubt about it. Cry

Pursuer

legendary

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Quote from: Anonym1337x on November 15, 2017, 07:32:23 PM

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.

you are correct about the bitcoin cash pump and the bitcoin drop but you are over-exaggerating things.

this recent drop was easily predicted by many speculators, there was absolutely nothing special about it and certainly it was nothing like the mtgox crap in the past. this was a small correction coinciding with the bitcoin cash FUD like hundreds of other FUD before it and the drop was also the same as those small FUD manipulation dumps.
this was nothing new and not at all like mtgox manipulation.

SyamSoedin

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so its china again the whole bitcoin community , who will win ? usually on other game china always win , well lets see how it goes ...

pentol86

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the point is, china will replace and destroyed bitcoin using bitcoin cash.
im new commer in this crypto world, but replace bitcoin isnot easy, today, bitcoin grow up, the community is solid.

just my opinion

junoreactor

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Quote from: zxcv cool on November 16, 2017, 02:33:45 AM

History is such that the price of Bitcoin is always fluctuating, and those who hold a small amount of bitcoin certainly want to get more bitcoin, so they get bitcoin cash in order to earn more bitcoin. Roll Eyes

I think your post is off topic, unless I didnt get it (did you read the original post?), please correct me if I am wrong.

zxcv cool

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History is such that the price of Bitcoin is always fluctuating, and those who hold a small amount of bitcoin certainly want to get more bitcoin, so they get bitcoin cash in order to earn more bitcoin. Roll Eyes

junoreactor

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Haha, saw this post on reddit and thought if I posted it here it would get deleted.
How can we know if the author was honest or just trying to boost Bitcoin Cash in the short term?
Anyway, he probably made a big profit so kudos to him, but I can't take seriously this kind of message.
It was also mentioned in some Youtube videos last week, when lots of people panicked and sold their Bitcoin. I wonder if this topic will stay alive here. Remember: it is easy to influence people so better be careful when you read this.

Anonym1337x

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Hello!
A few months back(July 30th) this message posted on pastebin predicted what was going to happened in the near future (https://pastebin.com/n0aGBMQr) :
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"Traders, 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.
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.

Below is I grabbed, i also have some slack and telegram logs, I will sort them out later when i get back, i just want to confirm what I can safely disclose first for my own protection. "
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   • Off that event BCH doubled it's price and at one point tripled it's price and even passed ETH in market cap.

• The pastebin post successfully predicted the following
▬ Segwit2x cancelled project (Was never planned to even be successful)
▬ Selling of bitcoin
▬ Accumulating bitcoin cash at low price
▬ Pumping Bitcoin Cash price
▬ BitcoinCash listed on all major Chinese exchanges

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