Don't take Emil Oldenburg's Bait
0.067BTCof mine with them - which now would be somewhere around
$1105, which I luckily managed to recover, and later sold them for a mere
€30), I've seen Altcoins like Litecoin, Feathercoin, Monero and of course, Ethereum being born, I've created my own Altcoins (for fun, never actually intended for them to hit the market so I never posted an announcement), I've seen so so many in the world of cryptocurrencies...*insert they grow up so fast cry here*But enough about that. Right now, the story is that
Emil Oldenburg, one of Bitcoin.com's co-founders has sold his BTC for BCH (a.k.a Bitcoin Cash). He said that Bitcoin had too many issues (mainly around the fees and transaction times) and therefore, was too much of a risk.Now while I can not deny Bitcoin right now does have some major issues with their transaction fees and times, there is being put a lot of time and effort in solving these issues.0 They are implementing awesome stuff like the
Segwit. Once these will be implemented, the reason why Bitcoin Cash is created (to speed up transaction times and lower fees) will be pretty much nullified. Bitcoin is the only coin right now which will drastically climb over time, together with Litecoin (as it's bitcoin's direct little brother) and Ethereum (because it has awesome stuff like Smart Contracts, which opens a whole new world of creating and running apps - cryptokitties for example). Bitcoin Cash won't necessarily go down, however, it will never be able to replace Bitcoin.Now back to the topic. In the two days, after Emil announced that he has sold his BTC for BCH, BTC prices have declined by
$2k, and BCH prices have gone up by almost
$2k. So what I suspect is that it all was just a bait set up by Emil (even though the bait is somewhat common in trading).I mean, think about it?
What do you guys think about it? Was it all just a brilliant scheme of Emil, or is BTC really gonna crash into oblivion soon? Tell me down in the comments! But for now...[g33kout]
Sell 1 BTC for 10BCH, then tell everybody to invest in BCH instead of BTC. Wait for BCH prices to go up and BTC prices to go down. Then trade your 10BTC for 2 or 3 or maybe even 4 BTC. And last but not least wait for BTC prices to go up again (it will go down every now and then, just to rebounce and shoot through the ceiling again) and laugh at all the people who took your bait.
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