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Topic: People are selling the wrong coins, because they are confused. lol - page 2. (Read 480 times)

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Who says it's 'people' selling their coins?  The people def got nothing to sell that could move the market like that.  Lololol.  Cheesy  It's prolly Jihan f*cking Wu and co. playing.
sr. member
Activity: 1400
Merit: 347
The Bitcoin Cash fork has absolutely nothing to do with Bitcoin , but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.


Tell that to dr. Wright, its he who dumped it recently.
legendary
Activity: 3234
Merit: 5637
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This drop in the price are based on confusion between Bitcoin and Bitcoin Cash.  Grin Grin Grin
The average Crypto currency speculator does not understand the technical difference  between Bitcoin and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin

I agree that many crypto users are confused with some many versions of BTC, for most of them any coin which have Bitcoin in name is just BTC and this is big problem. But main reason for big price drop is just an opportunity for extra earnings, people loves forks because of free money - more BCH in wallet means more new coins after fork.


The positive side of the fork is that people who didn't bother to claim their BCH, have now more incentive to do so.

BCash destroyed coin days activity is going through the roof right now, which means that people are waking up coins that otherwise would have kept sleeping for years? In other words, there will be more BCH in circulation than ever before, and there will be more BCHSV in circulation than ever before. More supply + less demand = low price. These dudes are shooting themselves in the foot with this.

Let people sell Bitcoin down as far as they can, I'll happily take over their coins, and I'm sure there are lots of more hungry Bitcoiners happy to get rid of weak hands.

I guess most BTC users claim BCH long time ago, but some will for sure do it now and probably some of them will become victims of fake wallets as always in such situations. Fake sites and wallets for BCHSV are ready, hackers just wait greedy and naive people to give them nice profit.

Some people see this event as tragic, and maybe it looks like that - but for the long term holders nothing has changed.
legendary
Activity: 2170
Merit: 1427
The positive side of the fork is that people who didn't bother to claim their BCH, have now more incentive to do so.

BCash destroyed coin days activity is going through the roof right now, which means that people are waking up coins that otherwise would have kept sleeping for years? In other words, there will be more BCH in circulation than ever before, and there will be more BCHSV in circulation than ever before. More supply + less demand = low price. These dudes are shooting themselves in the foot with this.

Let people sell Bitcoin down as far as they can, I'll happily take over their coins, and I'm sure there are lots of more hungry Bitcoiners happy to get rid of weak hands.
sr. member
Activity: 2520
Merit: 280
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This drop in the price are based on confusion between Bitcoin and Bitcoin Cash.  Grin Grin Grin

The average Crypto currency speculator does not understand the technical difference  between Bitcoin and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin , but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!

Why do you bother?Just let the stupid ignorant investors run away from the market.There will be more cheap bitcoins for us.By the way,I thought that the current bitcoin price decline has something to do with the Bakkt project or the SEC ETF approval.If the crypto whales are selling or some idiots are thinking that BTC is BCH,then there's nothing to worry about.
If we let the prices to fall too much then the mining profits will become obsolete so if the miners stopped working then it may bring huge collapse on the bitcoin network so we need to educate the people what is bitcoin and bitcoincash as soon as possible and I don't think the prices will fall too much from the current price because of the whales since they won't let it go far beyond.
full member
Activity: 632
Merit: 122
Not sure what we are facing right now, it it is extremely difficult to understand.
i believe peoples are not that stupid enough to get fooled by those forks that happened with BCH, after all this suffering that we got from it.
the only thing that i know right now is, Bitcoin hash rate is decreasing from day to day.
damn
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
nah, the BCH drama has been more like an excuse to dump bitcoin down a little as an opportunity. sometimes opportunities in a market don't just happen, you have to force them to happen. and as I always say traders always love a good FUD that they can make some money from.
think about it, for a couple of weeks price has been stable. everyone was bored out of their minds and couldn't make any profit. then the FUD came and profit flow in  the market. wouldn't you just love that Cheesy
legendary
Activity: 3668
Merit: 6382
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While I know that there is a confusion between Bitcoin and BCash and while I have no idea what triggered such a dump (aside of the usual market manipulation), I would be surprised if entities holding 1000s of Bitcoin fall for this kind of confusion. But yeah, "never say never"...
Let's see what the future holds... maybe in a few days we'll know more...
hero member
Activity: 3150
Merit: 937
This drop in the price are based on confusion between Bitcoin and Bitcoin Cash.  Grin Grin Grin

The average Crypto currency speculator does not understand the technical difference  between Bitcoin and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin , but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!

Why do you bother?Just let the stupid ignorant investors run away from the market.There will be more cheap bitcoins for us.By the way,I thought that the current bitcoin price decline has something to do with the Bakkt project or the SEC ETF approval.If the crypto whales are selling or some idiots are thinking that BTC is BCH,then there's nothing to worry about.
STT
legendary
Activity: 4088
Merit: 1452
Trademark infringement if such a thing were possible in crypto; this scenario is why they pay the lawyers so much to go after people.   The people who can see nothing else existing beyond centralised systems and companies will again be crowing over such confusion.   I dont doubt you are at least partly right for the mainstream but Im not sure that many of the population so casually involved are holding big enough amounts to counter act those who know better on that point.   In one way I wish it were the case, we had a giant population of users that diverse but I dont think those people involved at that level hold much if any of either crypto
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
This drop in the price are based on confusion between Bitcoin and Bitcoin Cash.  Grin Grin Grin

The average Crypto currency speculator does not understand the technical difference  between Bitcoin and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin , but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!
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