To save bitcoin - stop buying bitcoin cash - page 11.

davis196

hero member

Activity: 2968

Merit: 913

Quote from: Zin-Zang on December 09, 2018, 02:01:35 AM

Quote from: kelz1 on December 08, 2018, 02:43:00 PM

This dump was triggered by the battle of the hashes. If we remove bch and bsv from having any value it would discourage more pointless bitcoin dilution, and prevent further hash wars.

Failure to act will cause more similar situations in the future

The Dump is being driven by the CHINESE BITCOIN MINERS SHORT SELLING their own coins, because their mining is unprofitable,
and they need the fiat to keep the lights on.

BSV & BCH really have nothing to do with it.

Cool

1.I thought that cryptocurrency mining is banned in China.
2.OP,there's no way to remove bch or bsv from the market.We can't just forbid the people to buy shitcoins.
3.I think that the bitcoin cash drama isn't the main reason for the BTC price dump.

BitcoinHodler

hero member

Activity: 1456

Merit: 578

HODLing is an art, not just a word...

the problem is that most people have trouble claiming their free BCH fork coins since there is no decent simple wallet to use for dumping it and they are also afraid since they have been scammed with a lot of malware from all these fork coins in the past year. otherwise the BSV and BCH prices would have been dumped a lot harder than this after they forked.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Yes, I have also read everywhere if this hash war triggered the collapse of the market, but I only believe if the collapse of the market as such has become something in the scenario to prepare for the second big increasing. I just hope it will become a dream come true in next year.

Kakmakr

legendary

Activity: 3458

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Leading Crypto Sports Betting & Casino Platform

It will also be good if people could cash in on their free forked coins and sell them to buy some Bitcoin now, because Bitcoin Cash coins are going to zero . Roll Eyes

You saw what happened with previous forked coins like Bitcoin XT.. right? Well after the hype has died down over Bitcoin Cash and the miners have pulled their hashing power, Bitcoin Cash forks will suffer the same fate. Wink

Sell Bitcoin Cash now, before they die and buy the real Bitcoin. Tongue

Haunebu

hero member

Activity: 3080

Merit: 970

www.Crypto.Games: Multiple coins, multiple games

Quote from: Herbert2020 on December 09, 2018, 01:41:34 AM

hash wars don't happen because of people paying attention to shitcoins like these two. hashwars happen when they pull the hashrate they own from bitcoin and put it elsewhere. and also it intensifies when they pump that shitcoin so that it creates incentive for miners to switch.
you can't prevent them from pumping their altcoin, the whole altcoin market survives on pump and dumps anyways. it just happens that pump of bitcoin forks have additional damages.

I agree. The thing that so many people fail to understand is that pulling away hash power from Bitcoin is detrimental to the entire cryptocurrency market in the short term as well as the long term and the current Bitcoin cash debacle is the perfect example to demonstrate this particular problem.

I don't get why people fail to realize that Bitcoin cash suffers from heavier manipulation when compared to Bitcoin or any other altcoin for that matter, but people still continue to invest in it for some or another reason.

PointHope

full member

Activity: 317

Merit: 110

I dumped my BCH back on Bitmain in return for a couple of S9 Antminers.
Hindsight it might have been smarter to just buy some more BTC.
But hey the Antminers are making some BTC, so the ROI is already 100%.. Grin

Seems like these forking attacks are just making the Bitcoin network stronger and even more resilient than before.
So what forking forker Roger Ver and Bitmain have done is actually good for the long term global network standing. Albeit kinda scary for us newbies here.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Quote from: kelz1 on December 08, 2018, 02:43:00 PM

This dump was triggered by the battle of the hashes. If we remove bch and bsv from having any value it would discourage more pointless bitcoin dilution, and prevent further hash wars.

Failure to act will cause more similar situations in the future

The Dump is being driven by the CHINESE BITCOIN MINERS SHORT SELLING their own coins, because their mining is unprofitable,
and they need the fiat to keep the lights on.

BSV & BCH really have nothing to do with it.

Cool

Herbert2020

legendary

Activity: 1946

Merit: 1137

hash wars don't happen because of people paying attention to shitcoins like these two. hashwars happen when they pull the hashrate they own from bitcoin and put it elsewhere. and also it intensifies when they pump that shitcoin so that it creates incentive for miners to switch.
you can't prevent them from pumping their altcoin, the whole altcoin market survives on pump and dumps anyways. it just happens that pump of bitcoin forks have additional damages.

kelz1

copper member

Activity: 140

Merit: 3

This dump was triggered by the battle of the hashes. If we remove bch and bsv from having any value it would discourage more pointless bitcoin dilution, and prevent further hash wars.

Failure to act will cause more similar situations in the future

Topic: To save bitcoin - stop buying bitcoin cash - page 11. (Read 25562 times)