Here we go again
So here we go again. Everyone FOMO'ing in on a complete bogus coin. BitcoinCash the chain bought and owned by the same guys who own Zcash and they have done the same damn thing and everyone has fallen for it yet again.
People please stop listening to these thieves. They are paying for supporters and paying for posts and manipulating the market all to gain more of their already vast holdings of BTC. They push up the media then they push up the coin, wait for the mega craze period and then dump and steal all the money off the top from people who don't know any better.
This is market manipulation 101.
They are doing it for three reasons:
They want to get bigger mining payoffs on their old chips because they don't want to develop better chips to mine faster on the no longer exploitable BTC chain, they just want to exploit the market for as much coin as they can so that they can make the most profit with the least amount of effort.
The second reason is they want to completely own the coin that they mine so that no one can disagree with them ripping everyone off by building a chain around a proprietary mining rig rather than a rig for a solid chain.
They are super greedy and want the short win by ripping off everyone as they know they cannot hold their position at the top the BTC food chain forever and it is better for them to burn it down and create something they can control rather than keep dealing with a free thinking community if they can.
Everyone please wise up and stop FOMO'ing on BCH, BCash, BCC or BitcoinCash whatever you call it is is still a total and utter cash grab.
It should already be clear enough to everyone just from the fact that the price went from 1700 to 2700 and the crashed back down to 1500 in the space of a few hours. Exactly the way ZCash did.
My advice is to get out while it is still above 1000 and save what you can because when the Dev team can't even anticipate the change in difficulty on their own chain and then just change the code to make it easier for miners to make more money without even blinking it is sign of bad things to come even if it was more than a cash grab.
Let the price soar all over the place and know that as it does if no one buys in you are just watching a bunch of billioneirs waste their money on failed piece of manipulation.
Peace