Jihan's plans: Tell me why the following is wrong: Mining

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Anonymous
2017-08-21 05:47:32 Post No.
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Anonymous 2017-08-21 05:47:32 Post No. [Report]

Jihan's plans:

Tell me why the following is wrong:

Mining BCH gets easier
Chink miners mine it and sell, driving price down
Smart people buy BCH low and accumulate
This goes on for a long time, until there are BCH/ETH trading pairs and all the other trading pairs
When the exchanges are ready for BCH to kick old senile BTC off the throne, the Chinese miners with their 70% hashing power make it happen
BCH is now Bitcoin
BCH moons
People who bought low buy lambos

What's wrong with that idea?

Anonymous 2017-08-21 05:49:14 Post No.3156583
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Anonymous 2017-08-21 05:49:14 Post No.3156583 [Report]

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Nothing, I fully expect it to happen which is why I'm done trying to time the market and I've moved my BCC into cold storage.

If it does go down more, perhaps to 550 I will buy more though.

Anonymous 2017-08-21 05:49:21 Post No.3156586
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Anonymous 2017-08-21 05:49:21 Post No.3156586 [Report]

I doubt it but if you believe in it when do you think it will happend?

Anonymous 2017-08-21 05:50:34 Post No.3156596
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Anonymous 2017-08-21 05:50:34 Post No.3156596 [Report]

>>3156583
Are you not afraid of the dip happening and that you might not recover that money???

Anonymous 2017-08-21 05:52:10 Post No.3156617
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Anonymous 2017-08-21 05:52:10 Post No.3156617 [Report]

>>3156596
Like I said, it's not worth trying to time the market because unless you're an insider there's a good chance you will get burned. I bought in at 350 anyways so I don't really care.

Anonymous 2017-08-21 05:52:40 Post No.3156627
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Anonymous 2017-08-21 05:52:40 Post No.3156627 [Report]

>>3156567
BCH will stay low for days to weeks while whales accumulate and hash rates being steadily drained from BTC mines (http://fork.lol/pow/hashrate). Eventually BTC will succumb to insane tx time and fees.

Anonymous 2017-08-21 05:59:02 Post No.3156702
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Anonymous 2017-08-21 05:59:02 Post No.3156702 [Report]

>>3156617
I bought at 600 do you think i should sell with a loss or just wait?

Anonymous 2017-08-21 06:03:37 Post No.3156740
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Anonymous 2017-08-21 06:03:37 Post No.3156740 [Report]

>>3156702
HODL

Anonymous 2017-08-21 06:05:41 Post No.3156763
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Anonymous 2017-08-21 06:05:41 Post No.3156763 [Report]

>>3156702
What kind of stupid question is this? Just HODL. Use it as a hedge incase BCC flips with BTC. You'll be rich.

Anonymous 2017-08-21 06:06:52 Post No.3156777
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Anonymous 2017-08-21 06:06:52 Post No.3156777 [Report]

>>3156702
I'm waiting myself. I think BCH is a $1500 coin.
For some reason I accumulated 68 of them at around .069 and sold at .16. Now I'm waiting for the price to get lower.

Anonymous 2017-08-21 06:07:44 Post No.3156796
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Anonymous 2017-08-21 06:07:44 Post No.3156796 [Report]

>>3156583
I only got 5, but it's most of my crypto though

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/