Post
Topic
Board Speculation
Re: Roger Ver's trick to drop BTC to $1300: a call to whales to SELL NOW PLEASE!
by
micalith
on 14/11/2017, 11:55:46 UTC

Roger does not have enough money to influence BTC, and BTC market cap is too large. Its a lot easier with some financial backup to create peaks in BCH than in BTC given their market cap.
Absolutely correct, though between him and his backers, they did have enough money to do a really good manipulation job of establishing the direct inverse correlation between BCH and BTC. Now the bots are doing his work for him, so they can manipulate the BTC price just by controlling the relatively illiquid BCH. I guess it's down to the big money backing Bitcoin (bigger than BCH) now to decide when to decouple this

BTC has too many good news on the way, I think BCH has nothing more than a bunch of crazies to control it; institutions are struggling already with BTC, do you really think they will put their money on a coin controlled by people with such a track record?
The only argument you can make here is that BCH is funded by big financial institutions trying to control BTC, but if that was the case, I think BTC would be dead already

True, but if the BCH camp manage to pump BCH high enough to incentivise enough miners to mine it, the damage that could do to BTC could be a real problem. I expect that some of the big money wanting to get into Bitcoin for the long run would like for this to happen so that they could buy into a prolonged BTC bear market reaching down well below $5k, whereas others would rather get in before the end of 2017 for a more immediate rise to $10k-$20k.

Of course BTC wins long term, but whether we have to suffer another multi-year bear winter or not before hitting $20k is still unclear. I only hope that the battle for big money getting in inevitably results in a big money FOMO movement