Re: 8th Alt coin thread. Or what to do now that asics are all over the place.

Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.

I am quite sure that most of it is being driven by Jihan Wu financing his "War on BCH-SV" coupled with Bitmain cashflow issues and having to dump a ton of their BCH (and probably other coins as well) horde.

I have never understood the whole "BCH" junkcoin push by Wu - it's not like cryptocoin NEEDED yet another junkcoin, and the only reason BCH ever got any traction at all was Bitmain FORCING it to be used to buy their miners for quite a while.

I wouldn't quite term it as a junkcoin. BCH came out when there were legitimate problems and arguments regarding block size.

And was unilaterally created with NO consensus that it was a good choice.
Without Bitmain forcing it to be used to back their miners for quite a while, it would have never had ANY traction and would have dropped down to pennies (or perhaps single-digit dollars at best) within the first 6 months.