/biz/ - Business & Finance

>>10653278
Apparently. Dumb chink lost 60% of his fucking money doing it and crashed the market for no reason. He stopped the bull run out of greed and JUSTd himself at the same time.

I always thought BCH had paid shills but this basically confirms it.

>>10653278
So the question is, wtf do we do now? Accumulate bch or btc

>>10653278
This plus some guys drinking champagne because BTC was going to die.

>>10653293
what do you think boss?

>>10653326
Cash

>>10653278
Kiss your daddy if you want kiss

>>10653293
accumulate the real bitcoin (btc)

this fucking chink owns 1 million bcash, he owns 6% of all bcash.

why would anybody else ever buy this chink coin knowing that so much is owned by the hands of some jumpy chinese man that would make a rash decision at any point and try to sell it? just like he did with bitcoin.

its clear to me that bitmain are looking to exit themselves from actually owning any of this crypto directly, and looking to push that risk onto their investors instead.

>>10653290
bcash has some of the most obvious paid shilling out there for the size of the coin itself, but i dont think it actually did anything, all it created was a reddit circlejerk while the actual speculators to buy that bcash from them never showed up.

>>10653353
6/10 would kiss

>>10653377
i never trust any chink. Not even to dry clean my sheets

>>10653377
That is exactly what the IPO is for. I'm pretty sure Bitmain as a whole actually holds 10% or more of the total BCH supply but I could be wrong.

They don't have the volume and they fucked themselves. I can't imagine what morons are buying into the IPO when it is incredibly clear the house of cards is going to collapse.

>>10653290
Fpbp

>>10653407
they even managed to trick people like ver and wright, which is the most impressive thing, because they both thought they were the ones doing that

How is this not bullish news for bch? The one true bitcoin

>>10653434
Other way around. Bcash was a deep whale plot to shake bitmain dominance. CSW really is part of the Satoshi team, was able to prove it to Jihan, and has been playing a double agent all this time.

>>10653434
i'm sure they were in on it. Why do you think ver went on alex jones? for fun?

>>10653452
Tell us how Q predicted this.

>>10653441
>bullish news

moon or doom, this is BCH right now. i'd rather take a chance on the better product.

>>10653415
they did the one thing you should never do as somebody in that scale, which is try to trade.

they seemed to be under the delusion that bcash was somehow not a risky move. they effectively traded a risky asset (btc) for a joke asset (bch), something that if it wasn't for all the media fuss wouldn't have seen the merchant/exchange adoption to begin with, because the demand wasn't there. but they didn't seem to catch on that the retail/institutional demand wasn't there, they got caught up in themselves and made probably one of the most costly mistakes.

its a shame because outside of the bcash shit jihan could have been an impressive figure in cryptocurrency. getting in as early as he did, and creating by far the single most dominant mining device bitcoin will probably ever see. now he's just turned into some shitcoin bagholder that needs to find funding before his house of cards starts collapsing.

>>10653290
Thats funny.

I always thought he was plotting something in this photo UT really he was just thinking about how his plan cost him hundreds of millions of dollars

>>10653453
i think ver especially believed that somehow with jihan he could push bcash infront of bitcoin, somehow. it's clear he's got a very inflated idea of his worth in the market.

wright was just playing the classic con game, putting himself in the middle of a very public very religious argument to garner unwavering support from at least one side.

Jihan actually owns half of all btc as he’s never sold one since he started mining

>>10653278
>So Operation Dragonslayer was actually just Jihan buying bch with btc while simultaneously slowing down the network?
sauce?

>>10653290
>Dumb chink lost 60% of his fucking money doing it and crashed the market for no reason
sauce?

>>10653377
>this fucking chink owns 1 million bcash, he owns 6% of all bcash.
sauce?

>>10653290
>I always thought BCH had paid shills but this basically confirms it.
sauce?

>>10653455
No leaks from this one. It was operation mincemeat and Craig agreed to be the dummy. Unironically a hero.
>>10653468
Cringe

>>10653487
>*curb your enthusiasm credits music starts playing*

Core thinks they control the narrative on everything that happens and who really gives a shit with what’s coming they will be finished off

>>10653514
https://mobile.twitter.com/Excellion/status/1028426579158884352

>this fucking chink owns 1 million bcash, he owns 6% of all bcash.

according to this, he owns 1 021 315 as of march '18

>Dumb chink lost 60% of his fucking money doing it and crashed the market for no reason

each of his BCH has been bought at an average of $869, so he's down about 33% ROI.

Read this thread guys: >>10628990
The Grand Orchestrated Dump of BTC

It's happening exactly like he said.
I didn't expect proof so soon.
This is huge news for BCH.

>>10653613
>he's down about 33%
Think long term
Not short term

Why is he hoarding BCH and not BTC?
A bet?
on future potential?
Betting against Bitmain is smart?
Betting against Bitmain makes sense?

>>10654311
I would think allowing the blockstream narative to exist is dishonest, except no one will ever misunderstand contentious hardforks after it flips. The education it will cause

>>10654365
The flip will be the only way some people will learn
I try to help beforehand for anyone that can be convinced
but harsh reality is the best teacher sometimes.

>>10654324
you know, satoshi owning a million coins didn't sit that well with me, but I can live with that.
this fucking chink owning this many coins, fuck no.

>>10654432
>this fucking chink
You understand that "this fucking chink" is the creator of Bitmain, which is basically the next google, and has offices in countries all over the world to spread BCH based banks to every country for worldwide adoption and crypto banking?
The more coins they have, the better for bch.
You think he's just some idiot thats gonna market sell for money? please.

They kept the BCH price low on purpose so that they could own as many as possible.
Once they are done accumulating things are going to get crazy.
I don't know when.
I don't know how.
But sooner or later, they will be happy with what they have.

>>10654324
i feel you man, i'm pretty much all-in on BCH. i'm just pointing out the fact that as today, he's down 33%. but I agree, I firmly believe that there are powerful enough players in the cryptospace willing to flip it and it will happen sooner or later.

>>10653290
fpbp

mfw chink chinked himself

>>10654482
Yeah. It'll happen soon and the reason is because they need to flip it before crypto goes mainstream so that new people don't get suckered into buying the wrong coin that can't even scale.
I expect that by the end of the year things will at least get started (bch climbing against Btc)

and also, when you are trying to be 100's of thousands of bch, you have to buy whenever you can, at whatever price the market is at, you can't time the bottom.

Bitmain is first and foremost a crypto company.
They think in terms of coins held, not in terms of fiat value.

>>10654324
>Think long term
>Not short term
It's amazing how after a while you can tell the difference between paid shill posts and bagholder posts.

>>10654460
>He created bitmain, he couldn't possibly have gotten into a bad bet with bch
>He invented calculus, he couldn't possibly have gotten into a bad bet with south china sea
>No smart person ever made a bad decision
>No rich person ever went bankrupt

>>10654500
Sorry guys, but your arguments don't hold up to any sort of scrutiny.
I don't mind replying to you here and there to help you make 15c per post or whatever your going rate is, but you have to at least try and keep it interesting.
I'll leave this thread alone for now, my point is made.

>>10654519

>>10654460
C O P E
O
P
E

get fucking chinked you faggot.

>>10653613
So you’re saying even the inside whales get justd fucking around

>>10654519
I'm not even attacking them directly you faggot, I'm pointing at you.

Do you know how delusional you sound when you say the same guys who tried to flippen btc are
>"keeping it low so they can own as many as possible?"
You could at least change your narrative to
>"the flippening didnt work out then but they have a new plan and it's also good"

>>10653377
not thinking that this fucking chink owns the entirety of bitcoin? Face it, this man has put himself in the number one position by rising to power in bitcoins peak, who's going to replace him with 4 million bitcoin left? Spend all that time and energy just to be number one of a flattening curve. Jihan owns this network and when it becomes more profitable to short it to the fuckin ground he will

>>10654562
Implying he’s not already shorting it into the ground

>>10654562
>jihan wants to destroy the thing he owns the most of
Please go and brainstorm better fud

>>10654574
my dude, when its more profitable, why wouldnt you. Make a bet on futures, turn off your mining machines to fuck the mempool up for the narrative, then when you dump, aka not owning the thing anymore, you make lots of money while also leaving the alternative bitcoin you made in a much stronger position

This board is braindead

>>10654324
>>10654365
>>10654384
>>10654460
>>10654496
More and more people are starting to get it. Things have already been set in motion and it won't be much longer now.
As for the rest of you retards in this thread... the absolute state of /biz/. To think that some people have soaked up the MUH BCASH propaganda so thoroughly that they give an Olympic-level mental gymnastics performance rather than face the straightforward interpretation that the biggest equipment manufacturer / miner in all of crypto throwing massive support behind BCH is anything but megabullish for the future of peer to peer electronic CASH.
>B-b-b-but the IPO is just to pass on his Bcash bags to le dumb investors.
What do you morons think Jihan is going to do with the insane influx of fiat capital he is about to enjoy?
Small Blocker Morons: 100% CHINKED

>>10654311
You expect me to trust a dude with grammar like that?

>>10654482
He's so fucking gay. I can't believe i didn't see it earlier.

>>10654758

Just go back to sleep, BTC is the real bitcoin and everything is awesome... until it's not.

>>10654698

>>10653353
"Fuck me if you want to fuck"

>>10654536
being rich doesn't mean you're smart, it only means you're not dumb enough to lose it.
Lots of people bought bitcoin in 2010 with totally insane reasoning, genuinely thinking it would replace dollar in few years. Nothing like that happened, but they are still rich as fuck.

>>10654610
What part of nobody wants his shitcoin do you not understand? He fucked himself royally trading a desirable asset btc for an asset nobody, especially institutional investors, gives fuckall about. If he tries to fuck btc over it will be to the benefit of xrp, ethereum, and xlm. It won't make people rush for the nearest chink owned shitcoin. He's taking a big loss, which he can afford. But he's still taking it for his greed causing him to overreach.