why is bitcoin cash rising all of a sudden? is it killing original bitcoin? - page 5.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: 10yearsolder on November 11, 2017, 10:26:30 PM

I don't trust this greedy Jihan Wu and his cohorts. They play the dirtiest games in crypto for them to rise in power. The crypto world used to be an innovation that is insulated from politics and other personal and greedy tricks. Jihan Wu helped to change such clean face of crypto and turned it the other way around. The pump happening right now is not permanent. The fork of Bitcoin Cash is happening tomorrow. Thus the pump.

This is partially my stance on the matter as well. Jihan Wu and Roger Ver are two very shady people that act nice in public and manipulate everything from behind the scenes. I will wait patiently for Bitcoin Core to sort things out. Proper scaling that works for the whole community takes time.

Meanwhile Wu and Ver are more interested in playing power games and trying to gain control than in preserving the community. They don't care if people lose money in the process thanks to the manipulative schemes they follow, as long as it could result in more control for them.

I'll just stay in Bitcoin and altcoins and ignore Bitcoin Cash entirely.

And if Bitcoin Cash miracurously ended up winning I'll just use Ethereum instead of supporting those con artists.

CryptoClown

full member

Activity: 261

Merit: 100

Quote from: BTCMILLIONAIRE on November 11, 2017, 10:00:31 PM

It's a very complex attack on Bitcoin by the Bitcoin Cash team.

They are using their massive amounts of both Bitcoin and Bitcoin Cash to flood and congest the Bitcoin Core blockchain to decrease the speed and increase its fees.

At the same time they bought their own Bitcoin Cash to increase the price and trigger a wave of FOMO.

There are also a lot of shills going around spreading lies in hopes of making profits on this attack. It's basically the digital age equivalent of an on-going coup d'etat.

Don't support Bitcoin Cash if you believe in the true vision of Satoshi, which was to decentralize power.

So this is really what's happening now. I've no idea but I was surprised lately that my friend said that Bitcoin Cash is on the rise. Let's see how long they could keep up with what they are doing now.

10yearsolder

member

Activity: 114

Merit: 10

I don't trust this greedy Jihan Wu and his cohorts. They play the dirtiest games in crypto for them to rise in power. The crypto world used to be an innovation that is insulated from politics and other personal and greedy tricks. Jihan Wu helped to change such clean face of crypto and turned it the other way around. The pump happening right now is not permanent. The fork of Bitcoin Cash is happening tomorrow. Thus the pump.

KikloV

full member

Activity: 224

Merit: 100

Quote from: ayurvedicurea on November 11, 2017, 09:50:29 PM

I see that bitcoin cash is rising dramatically topping Ripple volume.
why is it happening?

The Flippening

https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

Cool

arorts

sr. member

Activity: 408

Merit: 250

Well, let's put things in perspective, segwit (what you call 'original bitcoin') came AFTER bitcoin cash.
What I think is happening is that people are starting to accept the fact that bitcoin cash (BCH) can successfully deliver on both fronts: store of value AND transactional/payment capabilities so it'd have the best of both worlds whereas core/segwit seems to focus mainly on store of value.

Personally, I'd give priority to store of value but the transaction/payment/currency market is actually a LOT larger than gold so if BCH can deliver on both fronts then Bitcoin in general will face NO competition and will cement its place as THE cryptocurrency king and really take off. What I really like about BCH is that the block size can be dynamic and not fixed so it could adjust accordingly.

Most of the comments you will find around in forums refer to calling names the people behind these projects to discredit them and play the fundamentalism card. I couldn't' care less about that. I only care about the power of their ideas and ability to deliver. :-)

It's unfortunate that the community is divided but let's not forget that we are all for bitcoin and we should not be divided. I'm cautiously optimistic about BCH but let's see what the market decides.

soza1sheng

member

Activity: 76

Merit: 10

But Bcash have no spending power. Our can only pump and dump the coin for profit. Bcash will never replace core.

ayurvedicurea

newbie

Activity: 63

Merit: 0

Quote from: BTCMILLIONAIRE on November 11, 2017, 10:00:31 PM

It's a very complex attack on Bitcoin by the Bitcoin Cash team.

They are using their massive amounts of both Bitcoin and Bitcoin Cash to flood and congest the Bitcoin Core blockchain to decrease the speed and increase its fees.

At the same time they bought their own Bitcoin Cash to increase the price and trigger a wave of FOMO.

There are also a lot of shills going around spreading lies in hopes of making profits on this attack. It's basically the digital age equivalent of an on-going coup d'etat.

Don't support Bitcoin Cash if you believe in the true vision of Satoshi, which was to decentralize power.

very nice said, I too believe bitcoin cash sudden rise is too dramatic.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: ayurvedicurea on November 11, 2017, 09:50:29 PM

I see that bitcoin cash is rising dramatically topping Ripple volume.
why is it happening?

Spam attack, and likely has something to do with what the poster above me had mentioned when he took a guess that the Cash team is attacking Bitcoin and trying to make their own product appear more valuable. Seems pretty orchestrated to me, now that I am starting to look at some of the queues and address paths. It's likely not going to tone down for a fairly long while and we're going to experience a lot more spam before the week is over. Maybe we'll get lucky and they run out of transactions to spend, but you never know for sure.

Seems like there are whales significantly involved in all of this. I don't believe this would be happening without a massive amount of Bitcoin being used, in tandem with a ton of fiat currency.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

It's a very complex attack on Bitcoin by the Bitcoin Cash team.

They are using their massive amounts of both Bitcoin and Bitcoin Cash to flood and congest the Bitcoin Core blockchain to decrease the speed and increase its fees.

At the same time they bought their own Bitcoin Cash to increase the price and trigger a wave of FOMO.

There are also a lot of shills going around spreading lies in hopes of making profits on this attack. It's basically the digital age equivalent of an on-going coup d'etat.

Don't support Bitcoin Cash if you believe in the true vision of Satoshi, which was to decentralize power.

ayurvedicurea

newbie

Activity: 63

Merit: 0

I see that bitcoin cash is rising dramatically topping Ripple volume.
why is it happening?

Topic: why is bitcoin cash rising all of a sudden? is it killing original bitcoin? - page 5. (Read 1930 times)