Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market. Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August. After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?
So i asked what is the likely faith and future of their father. Bitcoin Cash.?
rumors of a decline that occurred a few days ago were caused by bch doing a hardfock, and it didn't succeed in attracting investors. so a war is carried out to reduce the price of bitcoin. yes this is like what I read in another thread.
I think this is a game to suppress our more panic, then they buy it with a very large amount.
~cough cough~
~cough cough~
Is this accurate ?
if it is, does not that mean they are mining something is 'worthless' right now ? what is their goal mining such a coin with 50% loss in term of profit or investment ?
and even SV unprofitability is way too high at 352% ?
it does not make any sense at all right now, or is this kind of tactic to wipe their competitor ? pushing the price down, pressuring the price and waiting for SV's supporter to stop mining it and ABC becomes the next BCH ?