I am not a BCH supporter, either. Just an accidental holder like many of us. I think the analysis by
fluidjax has merit.
Can any of you keen minds see any flaw in it? I tried to find weak spots, but I didn't manage to uncover much.
Just so I'm not accused of shilling for BCH, I'd prefer if BCH just died now...but Just a train of thought....
Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
This seems spot-on. A serious attempt would have included replay protection by default, from the start.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.
No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.
The idea seems plausible enough, but size does matter. In other words, some quantitative analysis might be useful here (back of the envelope would do). How much does it cost in USD to prop the price up by x USD? How much in BTC to prop up by y BTC? How much has been spent already approximately? Which price level would be a reasonable bait (as seen from the fisher's point of view - that is, JihanVer&co's)?
There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war.
Interesting and, if guessed right, potentially concerning (mild to average worry). The thing is, from September onwards we're all waiting to usher big fresh money in via options, futures and other derivatives. Possibly the long denied ETF will make a comeback. Those guys don't want no BCH though. I think they're only going for the real thing (and possibly ether, so loved by the corporate zombies all around). This would make the fisher's job much harder, and the bait much, much, more expensive. Have you considered this?
Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.
Perhaps you are. You probably are. I hope you are. At any rate, being prepared for the worst is good, so I think this idea deserves some pondering.