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/biz/ - Business & Finance

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11748342 No.11748342 [Reply] [Original]

According to this, Jihan taking mining power from BTC to put into the BCH shitshow caused today's -10% move.

Can anyone explain how that works? Why would a little less BTC mining power = breaking a yearly support that's held >5 times.

>> No.11748438

>>11748342
if they're making less BTC from mining then they sell more BTC they're hoarding to make up for it.

>> No.11748476
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11748476

>>11748438

>> No.11748485

fucking btrash and its braindead zealots ruinning everything as always

>> No.11748522

>>11748342
>btc
>decentralizated

>> No.11748526

>>11748342
it wouldn't, even if it would don't know why jihan thinks its his problem to support btc price

it's more likely part of the creation of the narrative as to why btc is going to crash. when it was doomed as soon as the blocksize limit wasn't removed/segwit

>> No.11748550

>BTC can't be manipulated!
>Ignore the fact that 90% of the hashing power is China owned!!

>> No.11748562

>>11748476
continue

>> No.11748721

>>11748550
Blame America for being environmentalist pussies

>> No.11748770

Makes no sense. Bch only pays $800k in block rewards per day. That's nothing to pay mercenary miners. He could overpay 100% and it would only be 16 million for 10 days of borrowed hash

>> No.11748799

>>11748721
Fuck off

>> No.11749021

just more uncertainty in the market.

if jihan and the rest of the chink sympathizers go all in on bcash it can collapse faster and we can go back to a world where people aren't trying to trick other people into buying a chinese airdrop token instead of bitcoin.