What's the deal with Bitcoin Cash? MUST READ!
Bitcoin Cash (sometimes referred to as Bcash, and mostly using the tickers BCH or BCC) launched on August 1st and skyrocketed since it appeared on the market. BCC went from 200$ to 1400$ before starting falling apart. I call this the biggest pump and dump. I am not saying that I do not believe in the long term value of BCC. I am only saying that this currency will crash before it soars again. Here is a perfect example of the media that are trying to scare people out of Bitcoin cash.
https://cointelegraph.com/news/delay-segwit2x-6-months-to-work-on-segwit-lightning-adam-back
This article was posted yesterday. I want to point out that when this article was posted BCC was trading around 1200 level on bittrex and dropped instantly to the 700 level. The media manipulation is ALARMING here. Poloniex had no plan to give their users their fair share of Bitcoin Cash. So the media posted an article trying to scare people out of that specific platform. Most of them sought refuge in Bittrex, which is the second largest exchange platform after Poloniex. Their plan was to drive volume to Bittrex so that they can pump BCC and dump it before picking it up later. That is why BCC price on Bittrex was higher than any other exchange platform by far! Here is a couple links of the media trying to scare people out of poloniex:
https://cointelegraph.com/news/license-required-poloniex-bitfinex-will-stop-operations-in-washington
Last but not least, I want to let you know that 75% of Bitcoin Cash is mined by one company based in Hong Kong. To make a long story short, stay away from BCC until price settles! You'd rather be safe than sorry. Fake News and the Mining cartels are manipulating the game like monopoly. Therefore, Anticipating their move in crucial. The key is to place safe bets. Don't make investment based on fear of missing out. That is the biggest mistake you can do because 9 times out of 10 you will loose!
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