This bitcoin cash pump has gone up way more than anyone expected. At this rate of rise,
it cannot last long before a big dump. Hope nobody gets sucked in buying at these pumped
prices.
It took me by surprise but I'm not surprised at it.
By this I mean, I thought this would happen but when Segwit2x was called off I mistakenly thought game was up. I had taken a position on Bcash precisly for this scenario but I sold it after the sewit2x news
The group of people behind the whole segwit2x and Bcash thing are very wealthy. They can pump and pump and pump ........and pump. If you include the theory that the banks are in on this they can pump and pump for ever.
As a decentralized currency bitcoin is the most serious threat the banking system has ever faced. After 400 years of directing the worlds wealth to their pockets, we have a powerful enemy. The DCG, behind the closed doors New York agreement and proponents of Bcash and Segwit2x has known ties with the banking sector even going as far as to have a serving Federal Reserve Director as their advisor.
At the end of the day what makes bitcoin so dangerous to them is it's immutability. Nobody and no group can control it to their own ends. This pump of Bcash is without doubt an attack which may run the price of bitcoin way down. It doesn't matter because bitcoin hasn't changed in the least and with growing awareness it will rise again more powerfully next time.
Personally I would like to see bitcoin go down to $3000 or $1000 so I can by a decent stock, although by then I will have run out of money as my first buy point is $5500!!
At the moment Bcash is being bought and sold between themselves. They will loose a bundle but nothing compared to the money behind them. Don't buy into it - it is all manipulation.