Topic: Preplanned strategy of Bitcoin (Read 382 times)

Do you really think that we are free from price manipulation schemes? The network might be decentralized by only a few people have an impact on the future of BTC.
It is normal and there is no use to overthink it as average bitcoin users can't do anything about it anyway - we are just the audience watching the show.
Bitcoin is still far better than totally controlled fiat economy so I would rather be a pawn in bitcoin world where I can get the profit that part of fiat system where I can only lose money.

Sorry, but predictions regarding bitcoins or the whole crypto currency world as a whole. Are things i really do not believe in. Simply because bitcoins and all the other crypto currencies out there are very volatile and very unpredictable. So i think this isn't as accurate as what people may say. But that's them, and i am me, so..

I don’t think that this prediction has got to do anything with the current event that we are seeing or experiencing today. The bitcoin cash pump was planned that is for sure but it wasn’t predicted as old as July 30th. Im still trying to figure out what news or article you are referring to but for sure nothing was that much old and preplanned. This is just got to do something with roger and jihan, who are the role player in this regards and they are having some spurious plan behind this. What community says is all clear, these guys are just wanting to pump the bitcoin cash and move everything out of the bitcoin into it. They want the bitcoin community to be supporter of the bitcoin cash, that is what I think right now.

What rumor?

Either way, this was obviously planned in advance. They were able to mobilize so quickly after Segwit2x was suspended that it's almost certain that that was their plan b. I honestly don't think that it was predictable. You can't really predict a pump to come because it's a person's/organization's prerogative. Heck, everyone was bracing themselves for Segwit2x with basically no mention of BCH. The only predictable part in what happened was the failure of Segwit2x, and it even that failed much earlier than people probably expected.

Well it is part of the game. Market manipulation is not a new concept, any rumor can cause the fall or the rise of product's price.
In real world, many forms of market manipulation are prohibited in most countries, but here we talk about digital currency where nothing is regulated and thus any one can do anything without being blamed.

you can't really call it "preplanned" but it was  expected. it is like all the other speculations that have happened so far. for example you speculate that because of block reward halving the price will rise in short term before the fork and in long term after the fork and it happens. but that doesn't mean it was planned to rise!

the same thing was true about the SegWit2x fork. its cancellation meant a lot of things and all of them led to bitcoin price drop and bitcoin cash price rising. and in my opinion even if it never was canceled it still could cause the same thing.

This can go down as one of the most important things to have happened with Bitcoin and I am sure that we should be learning many lessons on this. Indeed, this is a great manipulation out to grab the position enjoyed by Bitcoin as the only real Bitcoin. Some people can not be satisfied that their coin is already enjoying a good value they wanted to take over the prime position and then maybe they can declare to the while world that BitcoinCash is the real Bitcoin when we all know this is not the case and will never be. The point am making is that we are all working for the cryptocurrency movement globally and there is actually no need to kill each other. How can we then wish that cryptocurrency can go mainstream if we ourselves are letting our own vested interest destroy the overarching goals of Bitcoin? How can we say that we are for decentralization when we are planning something that can destroy Bitcoin? Now that the civil war is subsiding, maybe we should ask these and more questions and then let the healing begin within the big cryptocurrency community.

I believe the entire game is pre-planned. Even though it is a well known pump and dump scheme, it is indeed pre-planned and well executed. Bringing BCH price to 1600 USD level from 300 level is not a matter of joke. I think we have just seen the trailer, the entire movie is still waiting to be released. The initial pump of bitcoin cash, was just a testing done by the trio. A bigger plan is still being prepared at the back ground which we don't have any idea about. I was also worried about the numbers of unconfirmed transactions as it soared to 124k. The queue is still being cleared and we have 94k unconfirmed transactions now. 

Initially I though the Segwit cancellation was not a part of this game, but looking at the series of events that followed one after another, I am tempt to believe that it was also pre-planned. However, the good news is, the bitcoin price is recovering, slowly but steadily. We need to keep the optimism alive.

Well this is the case pretty much everywhere - if you have a lot of funds, you can influence the market. It happens also in the fiat realm. In 1992 George Soros almost wrecked British pound with speculative investments. https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp

maybe sad for newcomers and those who failed to study the history of what they have been investing in, but not for the rest! for them these past days were the best days full of potential and full of profit.

you see, this is not the first time a manipulation happens in bitcoin nor in the whole world generally speaking. this actually was one of the small manipulations. price only went down 29% (that is if you consider the ATH and the bottom not the starting price and resistance)! we have had pretty rough ones when price fell 50% and more. I'd say more people are catching on to the manipulation.

these things are usually predictable. specially when they are big.

nothing, they will continue believing in "bitcoin" and continue using all these opportunities to get more bitcoins.

This phenomenon is not new to this world, whales will always be whales and that my friend will never change. Predictions are not true for no one holds the eye to see the future and if it is true they might have gain more bitcoin if they really planned it. We just need to play the games smarter, games where in we can rely our future and the future of our siblings with that weight we need to study and master further the game.

All of us were disappointed because of that preplanned strategy and manipulation, they were thinking that bch will surpass btc but it can't. They only made it because they want to get some profit on bch but look at the market now, bch is falling down and btc is recovering so don't panic.

 old pump n dump scheme

The old pump n dump scheme.
Done by shady poeple.
Poeple who hide there identities.
Who sell computer mining software....in bcc.
Further, China is a totarealistic nation.
If Chairman Xi says jump......

Quacks like a duck..

It is obvious that it was a pre-planned strategy because there were big whales involved in the pump and the group of big whales were pumping BCH. One could not just pump a random coin without planning a strategy. They must have planned it out all of this long before the fork.
Such manipulators are a curse to Bitcoin and they will surely cause more trouble in future. To be honest, if people didn't took part in the pump then there would not have been so much of chaos. If people stay together and avoid things which disrupts BTC then it might be a bright future for BTC.

To optimize, it describes that a group of Chinese miners and a large cryptocurrency holders are trying to get the Bitcoin cash to replace it with Bitcoin.

We are not sure whether the source is reasonable or not but it depends on how you believe. The only thing that we can confirm is none other than the post which was posted on July 30th before the price manipulation months taken place. Even though, 1/3 of the transactions of bitcoin cash were from South Korean Exchanges.

My question is was it only the prediction or some strategic plan.?

Indeed, as shown by many evidences real and imagined we have just witnessed one of the biggest manipulations in the history of cryptocurrency ever and I am sure that this can never be the last. One thing for sure is that Bitcoin is holding on and showing the whole world the real meaning of resiliency and grace under pressure. This is now called an attack and a way to gain control of Bitcoin. There are people out there who made the plan to kill Bitcoin and in replacement push their favorite altcoin in the hope that it can be the leading force outsmarting the original Bitcoin and even snatching the official Bitcoin name in the process had it been possible.

There is a saying that what does not kill you can instead make you stronger and more mature in life. The same thing can be happening with Bitcoin and indeed if you analyze its past there had been similar profound corrections (some call it as crashes, call it whatever you want) but eventually Bitcoin was able to recover and even if injured still managed to be what it is today. What happened days ago would definitely go down into the history of Bitcoin and maybe one day we would just be laughing while talking about that guy who did everything he could to push Bitcoin out hoping that another coin can get into the line.

I do not believe any predictions that relate to bitcoin. It's all a lie. Many analysts use for their PR situation analysis but it is irrelevant to predictions. No one can predict the future of bitcoin. The increase in the price of bitcoin cash is a temporary phenomenon. The Chinese collect the money and bury bch. Let these games play others. I will continue to hold bitcoin. I'm sure he will rise in price very quickly.

There have been very sad and disappointing couple days in the Cryptocurrency world. There has been a large price manipulation because of just a few people.

This is a theory but it can show a lot of evidence that can prove itself as true.

There was a rumour which was posted on July 30, for predicting the price manipulation which happened a few months later.

Was it all predicted before?? the cancellation of the project SegWit2x, Selling the bitcoin, Collecting the bitcoin cash at a low price, Pushing the bitcoin cash at a low price, Pumping the bitcoin cash price afterwards.

What happens now to the Cryptocurrency believers?