Hey guys, I am new so be nice 
So yesterday, the co-founder of Bitcoin said that he is selling his BTCs and then maybe moving to bitcoin cash! In less than 24 hours, coinbase add this to its wallet and then price were pumped up by a few small transactions to 8500$!
In a trade world, this is illegal, isn't it?
Shouldn't Bitcoin have some sort of self regulation to prevent people from doing this kinda stuff?
So yesterday, the co-founder of Bitcoin said that he is selling his BTCs and then maybe moving to bitcoin cash! In less than 24 hours, coinbase add this to its wallet and then price were pumped up by a few small transactions to 8500$!
In a trade world, this is illegal, isn't it?
Shouldn't Bitcoin have some sort of self regulation to prevent people from doing this kinda stuff?
of course he does, there is nothing valuable about bitcoin anymore, and they see the opportunity in bitcoin cash,
bitcoin, has:
- high fees
- wastes a lot of electricity
- 50% of it is owned by less than 1000 people
bitcoin cash is:
-new
-can be sold as new product for money that people currently still work for
-idiots will be easier found than for bitcoin because they need idiots for the investments
bitcoin will be:
-abandonded and it collapses, till there will be a suitable balance between transaction costs and value,
-it will end up like netscape of cryptocurrencies.
but my honest advise is:
this kind of announcement of bitcoin developers should make you suspicious, about bitcoin cash actually... when bitcoin collapses and milllions of believers will lose their wealth, (what i think is 100% sure)
bitcoin cash and the bitcoin developers wont be popular, people might stream like fanatics to waves and ethereum then and similar then.
regards