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RE: Does this kind of trading activity look familiar to anyone else?
BTC already being too centralized as is, the Lightning Network will finalize that centralization and it'll be the end of a decentralized coin. Could just start using XRP instead. It'll be the same.
Rather than patching up an old, slow, expensive coin. Let's keep the good memories as it was the first cryptocurrency and move on to the better one's. :)
(Notice I didn't suggest which one that should be?)