Crypt0's News: July 28th, 2017 (Alt Sell-off for BCH / Russia Survey / Blockfolio & Parity Updates

in crypto-news •  7 years ago  (edited)

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7 years ago by

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    • [-]
      ·  7 years ago 

    Thanks for sharing!

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    1 vote
    [-]
      ·  7 years ago 

    Is it possible that the upcoming bitcoin hardfork it just a clever scam being done by some of the (said-to-be anti-segwit) bitcoin miners, as a way to profit quickly (with almost no risk) by doing the following…

    1. Forcing a bitcoin hardfork (with most people/miners supporting the segwit chain, with a small minority that say they are anti-segwit but may not care either way)

    2. Getting an equal amount of BTC and BCH after the hardfork (no BTC loss, only BCH gain)

    3. Selling off their BCH for BTC right after the split (something almost everyone else will also be doing)

    4. Watching as BCH dies off rapidly and becomes irrelevant (due to pro-segwit supporters staying with the BTC chain, and anti-segwit supporters jumping ship back to the segwit chain, making close to 100% segwit support), in-turn making Bitcoin go back to a single chain (BTC)

    5. Sitting back and counting their money/profits as they gain on the # of BTC they have in total (so if they had 5 BTC before the split and sold the BCH they got for an extra 1 BTC they would now have 6 BTC), and then watching as their (recently inflated) BTC goes back to its normal price and likley far beyond it (making a quick profit with almost no risk of loss due to only gaining BTC (never losing), and destroying the BCH hardfork intentionally early so the original BTC price rebounds and continues up likely well past its initial price).

    Anyways, just a thought that came to mind recently as this all unfolded so I would love your input on this if you get the chance.

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    5 votes
    [-]
      ·  7 years ago 

    Selling my alt as we speak .... will buy back after the fork.....

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    1 vote
    [-]
      ·  7 years ago 

    Hi Crypto, great stuff as always. Just subscribed to your channel but I've been watching your videos since the "in car" days. Those car videos are what got me to join Steemit and your YouTube channel was one of my main inspriations for recently starting my own channel. Thanks and keep up the good work!

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    1 vote
    [-]
      ·  7 years ago 

    crypt0 you are the best! Thank you very much for everything you do to this community. We all owe you so much! Keep it up!

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    [-]
      ·  7 years ago 

    So Having some on Brittrex will give us some of the BCC!? Awesome news, thanks Crypt0. I just recently move some BTC there.

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    [-]
      ·  7 years ago 

    i saw a similar btc poll stat about india and there was a 97% rate of knowledge of btc/crypto

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    [-]
      ·  7 years ago 

    Thank you for the update....special week upon us...

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    1 vote
    [-]
      ·  7 years ago 

    what wallet do you use to hold your coins?

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      1 vote
      [-]
        ·  7 years ago 

      so everyone is buying BTC so they can get more BCC to sell? But who will buy BCC if everyone is selling BCC... mhmmm interesting times haha.

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        1 vote
        [-]
          ·  7 years ago 

        I sure as hell wount and it will also drag down BTC price too.

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          [-]
            ·  7 years ago 

          Always enjoy the videos and information!

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            1 vote
            [-]
              ·  7 years ago 

            Thank you for the update

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              [-]
                ·  7 years ago 

              Very good info :) and good post :)

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                [-]
                  ·  7 years ago 

                You are the guy!

                Thanks for help the community :)

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                  [-]
                    ·  7 years ago 

                  Always watching out for your insightful videos on the happenings in the crypto world :)

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                    [-]
                      ·  7 years ago 

                    great video you make glad to see such good info

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                      [-]
                        ·  7 years ago 

                      Is 'viaBTC' exchange to be trusted? I think they will enable BCC trading first so making a quick buck there would be most profitable before BCC is worth nothing.

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                        [-]
                          ·  7 years ago 

                        Thanks for fantastic information. I follow and notice you know what your doing. just finished my first post on STEEM BILLIONS OR BUST. Would love you input. Thank you

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                          [-]
                            ·  7 years ago 

                          You got my vote and a resteem :]

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