Reddit on the Bcash runup: BCH vs BTC - #CryptoTrading

Reddit's opinions on why is this happening, Roger Ver sending 25k BTC to Bitfinex, Korean zero-fee volume.
UserGenerated
     · [reports]  · Author: tradingfanbois

Gossip Update on 29 November 2017: Staying in the loop

Roger Ver has been internet-famous just a tad more than usually in the recent days after everyone saw his emotional interview with JimBTC where Ver boasted about his superior business achievements.

The value of BCH has been taking a hit during that time and Ver consequently apologized for losing his cool.

BitcoinErrorLog then shared how Ver called BTC a crippled coin.

From Reddit:


At the time of publishing the Bcash price sits around 1300 USD (0.2 BTC) having dropped from Bitfinex ATH of 2799 USD (0.54 BTC).

Bitcoin Cash forks on Monday, November 13 2017

The November fork (official announcement here) will not create a new coin out of BCH, it is an upgrade aimed at fixing unstable mining and inflation issues. The problem lies in Emergency Difficulty Adjustment (nice writeup from medium.com/@Mengerian). The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but eventually started producing wild fluctuations of hashrate. The fork will implement an updated Difficulty Adjustment Algorithm.

Roger Ver sending 25k BTC to Bitfinex

Roger Ver sent a 25k bitcoins from his known address to an address that moved them to a well known Bitfinex address. People started speculating if he wanted to propel the Bcash rally further up or rather dump BTC. With 25k bitcoins, he could cause a flash crash of thousands of dollars on the BTCUSD market, he could also use the money as collateral for margin trading or he could build walls in the books to pull them later – or a combination of all of that. That, or perhaps nothing at all – it may have been a stunt to scare traders.

Reposted from reddit.com/r/Bitcoin/comments/7cefom/roger_ver_just…, original tweet:

Most volume during the BCH pump came from Korean Bithumb, a zero-fee exchange

The Bcash rally started blasting off after the SegWit2x fork was called off

Bcash had some accumulation and creek-jumping before but traders relate it to the SegWit2x cancelation anyway.


Reminder on how to split the bcash from bitcoin

If you haven’t split your bitcoins to get BTC and BCH yet, you can still do it either in your Ledger or Trezor splitting interfaces or by copy-pasting your seed from any wallet into Electron, the Bcash wallet.

  • Download Electron from official site (electroncash.org) only!
  • Before giving away the seed move your BTC to another, newly generated wallet and wait for the transaction to confirm!

Follow this splitting process written by Electrum creators.



Posted in Reports
Tagged as  

 

Last added to Crypto Airdrops, Bounties & Opportunities
Airdropped Token or Opportunity Airdrop Date About the airdrop Link
Huobi Token campaigns 4 weeks, 1st run started 12 Jan Huobi Token (HT) is a DeFi asset on the Huobi Ecological Chain (HECO). You can get a wallet address to receive the tokens in Huobi exchange. Huobi is giving out rewards for Twitter activity, blogging, YouTube content creation and Telegram activity. Rules on bitcointalk. rules
Bitfresh bounty program Started 10 Jan Bitfresh is giving out token for Twitter follow and retweets. The more followers you have, the more tokens you get. Full rules on bitcointalk. rules
Earn YoBit's YoDefi tokens Live YoBit set up their own defi project for liquidity on the exchange. The exchange pays out 777 YoDefi Tokens proportionally for all users every 10 mins. sign up
QUAI DAO Accelerator Bounty 4 Jan 2021 - 18 Feb 2021 The tokenized DEFI accelerator Quai Dao is running social media bounty. Tokens are distributed via Telegram bot for social media follows. sign up
Psyche.Cash Bounty Campaign Continues Ongoing The DEFI project Psyche.Cash runs a set of social media bounties. You get tokens for follow, comments, content creation or bitcointalk signatures. Sign up via bitcointalk. sign up
CUDOS Ranger Bounty - Callout for participants Dec 2020 The platform cudos.org is looking for ambassadors with social media presence for their new program. Chosen ambassadors will get to create educational content about crypto (defi, trading, mining, dev) and earn between $200-$1000 worth of tokens a month. link to google form
XRP Holders: get Flare airdrop on Bitfinex 12 Dec 2020 Bitfinex will support the distribution of Flare Networks’ upcoming airdrop of Spark (FLR) tokens for XRP holders. sign up
Staking without KYC on WhiteBit New! WhiteBit opened 17 different staking plans with 9 different currencies to choose from. 40% APR, available to the users without KYC. (Be mindful of risks) sign up
Opportunity: DeFi Tokens on reputable exchange with lower fees 14 days after listing The Aussie exchange Independent reserve is listing new DeFi tokens these days. For each of the new markets has the fee reduced to 0.1% for the first 2 weeks. Currently those markets are yearn.finance, Aave and Kyber Network Crystal. sign up
LATOKEN Earn Nov 2020 10+ new Telegram airdrops available on LATOKEN exchange under "Earn" in the top navigation bar. (SAND, UNO, BXT, PZS, L2L, BIOG, DGB, OAP...) If you sign up with the link here you get 50 USD fee credit. sign up
Opportunity: Trade DeFi Tokens with NO FEES 14 days after signup The token exchange WhiteBit gives you 14 days of zero-fee trading if you sign up with a shill link. No KYC until 2 BTC/day withdrawal limit, lots of new DeFi projects get listed there. sign up