full image - Repost: What is behind BCH's most recent price rise? (from Reddit.com, What is behind BCH's most recent price rise?)
Mining:
Exchanges:
Donations:
I guess many here still have a somehow distorted perspective on BCH thanks to 10 years of Blockstream (Masterecard, AXA aka financial globalists) propaganda.It's probably the most hated crypto project out there for the simple reason that it followed the Bitcoin whitepaper more closely than all other cryptos. Monero's technical diversion and fulfilling on other promises e.g. fungibility is a rare and positive exception. And for that it is also number one or two target of propaganda, attacks and price suppression.BCH has been shorted (almost to death) by DCG and other players but refused to die and it is time to correct some of the hubris.A majority of Mt. Gox creditors were in favor of BCH. How do we know this? Despite being a so called "shitcoin fork" or airdrop, creditors were pressuring the Kobayashi to return both BTC and BCH instead of converting those to fiat like happened with all other BTC and BCH forks. We know some of the creditor names and their holdings. We also know that the biggest single creditor is a BCH guy, who alone can afford to absorb all BCH sell pressure by a factor of x2 by simply selling his BTC claim thanks to a very distorted ratio of ~1/200 - now a little less.As this information is slowly penetrating the market front running the news is to be expected which reduces the effect once coins get actually released into the wildBTC investors (~40% of creditors) selling off all their BCH for BTC, USD or other coins like Monero should have a minor effect on BCH and on BTC.BCH investors (~60% of creditors) selling off their BTC for BCH or XMR should have a minor effect on BTC but a huge effect on BCH or XMR.Halving is due in 2 weeksMassive short positions by DCG (still) and naked shorts likely by Binance. They are sitting on toxic waste and have no way to get rid of it. Their only weapon is distraction, making people by meme coins instead of BCH. And keep them from withdrawing too much.What we see in BCH is an early indication for what will happen to Monero, too. In retrospect everybody will have anticipated a x10 daily candle once it happens but only few will have had the patience and skills to execute it..
Social Media Icons