Quote from: illinest on August 22, 2017, 01:04:16 AM

Quote from: BitcoinerXX on August 22, 2017, 01:00:31 AM

Quote from: manchester93 on August 22, 2017, 12:55:44 AM

Quote from: FiendCoin on August 22, 2017, 12:36:32 AM

As long as the Bitmain cartel can keep the price propped up on bcash, they created a perfect way to manipulate the system to get what they want while making record profits. We all have to give them credit, its brilliant!

Bitmain has got some smart people working for them and they got some balls. As much as I detest them, give credit where its due.

Here's the problem: Doesn't this threaten to significantly deteriorate Bitcoin's network value? If both coins remain viable long term, that means that BCH is cannibalizing BTC's network. That means the combined value of both networks should be considerably less than if we had remained one, cohesive network. Now, new investors need to choose one network over the other (or split their investments between each). That means less growth for both networks.

maybe, but most of the volume is coming from asia with 60% from south korea alone. seems like its one big scam by bitmain.

Even if it's all a manipulated scam by Bitmain, real organic support for BCH can develop over time (and will be reflected in the markets) if BCH can continue to hold its value (and/or grow against BTC). It's all about supply and demand. If Bitmain, John Mcafee, Roger Ver, etc. have pockets deep enough to soak up the liquid supply available on the exchanges, they can drive the price up and give the appearance of strong demand.

Yep, this is exactly what they are doing, its brilliant! Jihan Wu could indeed be an evil genius.

I guess we'll soon see if regular people will buy into their manipulation.

Jihan be like: