On the contrary, there's massive buywalls preventing the price from falling any further, but each peak is lower than the last. Grim times ahead, Jihan.
BTC Death Spiral starting
Evan Clark
Tyler Reyes
Because its actually being mined now and spewing out BCC like crazy into the market.
This whole thing is just a short term attack to kill bitcoin.
>Jihan pumps money into bcc for a week to tempt chinks to mine bcc
>Chinks start mining bcc as its more profitable btc/hr
>Jihan desperately pumps more money into bcc to keep price up to keep the chinks away from real btc chain
>BTC chain suffers from this slowly as less miners = longer transaction times and more congested network
It's simply just a hostile attack on bitcoin using greed and money bribing due to this stupid little chinky not getting his way and now hes throwing a tantrum and abusing the money and position hes in it to get it.
But the problem is the whole situation is terrible for crypto for a whole and all hes going to do is bring the whole crypto market down to nothing and his shit coin is STILL going to irrelevant.
I fucking hate this ugly cunt
Christian Morris
because people mine BCC for more mining money and then sell these BCC for the real deal.
As soon as BCC is less profitable the hashrate will switch again
t. now BCC miner
Gavin Rivera
This.
No one would have had a problem had he just made his own coin. But he had to come in with a hostile takeover attempt that is going to send the entire cryptomarket plummeting, shaking confidence in the system to its very core. If BTC can be so easily usurped, then the idea of "digital gold" means nothing, and it's every man for himself.
This faggot chink is going to crash the global crypto economy just to make a buck. This is Soros levels of evil.
Ryan Nelson
>implying ETH and other alts don't take from BTCs hashrate too
>No one would have had a problem had he just made his own coin. But he had to come in with a hostile takeover
>also implying ETH and other alts don't take from BTCs hashrate too
Samuel Flores
>stay safe in USDT
HAHAHAHAH
this is bad advice
John Hall
IS THIS TRULY THE TIME OF ALTS???
Mason Barnes
Off you go, mongoloid
Josiah Reyes
>"m-muh death spiral"
>"the flippening will happen this saturday!"
>"the flippening will happen this sunday!"
>meanwhile BTC price hasn't budged at all
>BCC price down 20% since yesterday
we get it, you got fomo-ed into BCC, so you desperately hope it will succeed. atm BTC is mostly used for investment and storage though, people don't care about ridiculously slow transaction speeds or the high cost of it, if you want those things you can easily exchange for something solid as ethereum.
David Hill
Really mis informed user.
Eth and most alts can’t be mined by ASICS (it’s a completely different encryption) or at the very least ones that can be Asic mined are extremely inefficient compared to gpus and these farms were built purely just to mine BTC.
The only coin these farmers are able To farm at the scale they have without crashing the coins price to oblivion is BTC