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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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4346811 No.4346811[DELETED]  [Reply] [Original]

The majority of the richest BTC holders, including the majority of the miners, or people who want BTC to succeed and haven't sold their BCH before today?

BCH is currently trading at less than 1/5 of BTC. This means every BTC counts for taking 5 BCH out of circulation for Jihan, Ver & Co. It means that their BTC is 4x as effective at causing the flippening than pro-BTC BCH sellers are at preventing the flippening.

When segwit2x was canceled and it shot up from 600 and it was clear the plan was a-go, it was already a foregone conclusion. The flippening is happening whether you like it or not.

They will just wait and accumulate at 5/1 power modifier while likely having more or at least equal BTC to begin with than their opposition has BCH. Eventually resistance and selling of BCH will dry up, and they'll push, but not before that. If sudden resistance appears, they will draw back, likely even selling some of their BCH on the way towards 1200-1300, then rebuying at that price again with a profit and repeat. It's a "mini dump and pump" and it's a very good strategy to effect a longer term rise if you're an ultrawhale.

If you can't find a logical hole in this reasoning, do yourself a favor and buy BCH before it's too late, or if your feefees tell you otherwise, at least sell BTC now at 6500 for ETH so you're safe.

People who won't listen to reason can bookmark this for later. https://www.youtube.com/watch?time_continue=42&v=k36sIRRdFSU