Topic: Whoever wins the hash war, eventually the community will lose. (Read 118 times)

altcoins get pumped all the time regardless of what is happening to bitcoin or the rest of the market. that doesn't mean they "performed well". a good performance means actually rising not having a pump that lasts 1 day then is followed by a dump!
case of XRP: from $0.47 pumped to $.51 then dumped to $0.43 that is not a "good performance".

if they were buying it then its price should have gone up not down. BCH has gone down from $430 ish to current $231 and the high volume speaks of the dumps that is going on!

it is because the price is determined on exchanges and these exchanges are pretty small still despite the high volumes the orderbooks are not as packed as you may hope. so a small manipulation can cause a big drop.

"Guys, we are rekt." - This is all I'm getting to hear from most of my colleagues who invested in BTC (few based on my suggestion and others on their own consent). The trend that's been going on in the markets and have shaken up everything so hard, created a lot of mess and jeopardy of losing almost everything - the hash war between Craig Wright & partner Calvin Ayre against Roger Ver is one major cause for BTC to enter into a free fall. Not just limited to this, but we are also seeing bloodbath in all the alts except 1 or 2 like XLM and XRP which are performing well in this ultra-bearish period. It's not that I don't know that most of these concepts were bullshit from the very beginning and were destined to die till ground zero levels and there are some good projects as well, but they're getting crushed down for no reason except panic of BTC falling for which everyone is selling their alts, and when they get their BTC, they either sell them or buy BCHABC (based on current volumes over exchanges). Does it show that the technology underlying is not worth anything and people can become victim of any such bastards anytime and would sell off their money (Yes, BTC is your money) for lower? Second bad news is - Bakkt, which was our first and last hope for BTC to enter the bull run, has been delayed.