The flippening

in #bitcoin6 years ago (edited)

I imagine it like the chinese accumillated bch from the very cheap start level all the way to now, but they dont push the price, they just buy up what others sell, maybe create some panik sell here and there and start buying cheaper again...
Now at the same time, they push BTC prices up up up, short term before their bch push. (starting at 25.11!?)

Tommorow the 27.11 in the morning, they start to sell off insane amounts of BTC at those extremely high prices and push BTC very hard down... at the same time starting to push the BCH price UP UP UP and i dont mean they accumillate bch but they realy want to push the price -> way more then what happend on the 12.11 -> just like those panik buy bars, where everyone who sells panik buys back in at higher prices all the time...

Their goal should be to get BTC under 6k again and push BCH way above 3k so many people will panik becouse there BTC loses all its value while BCH is sucking everything up... creating a death spirale where everyone who flips there coins from BTC to BCH profits and so more and more do it until BCH has overthrown BTC and the flippening happens.

That are just my thoughts about the price action, i am not that into the technical aspect, but the BTC difficulty adjustment should be today and then there will be like 2 weeks until the next one. The chinese will also switch there mining from BTC to BCH -> maybe even get BTC stuck with only that move and totaly destroy it (but that is just some stuff i read online what could be possible not sure at all about that) Well so at least i hope to make a great trade tommorow, lets see what happens ;)

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