-The concept is garbage
-The actors behind it are questionable at best
-The chart is a Pn'D stinkbomb
-GBTC, Bitmex, and others will be dumping all of their customers BCH on the market in coming months.
If the concept & attack on BTC by a couple of whiny dudes wasn't enough we now see an absolute garbage pn'd chart. A pump n' dump that ended because a korean exchange went down.....and that now has a lawsuit pending because of it.
It is such garbage that financial holdings at places like Bitmex, GBTC , etc plan to market sell their customers BCH and not support the market in a distributive fashion.
thus: lawsuit because people couldn't sell + horrid chart that can go down more x more sell pressure that has not even hit the market yet = trash
Topped off by it's major self acclaimed public figureheads at this moment in time being Roger & Jihan (who have been constantly attacking the bitcoin ecosystem for over a year even though it's really selfish. i mean come on, I don't let my kids act so childish) and Rick Falkvinge. Rick is the reason I am boycotting this market, and so should you....now for "why"...part 2
I know Tradingview does not like external links but i can quote & source so that you know this is all legit things that actually happened. that way people can read it for themselves and come to whatever ethical conclusion they land at.
With recent developments, I'm putting all available dev resources to retool my software for #Bitcoin Cash. I suspect I'm far from alone.
7:14 AM - Nov 9, 2017
He also wrote a joke of a manifesto. The fact that he thinks he has so much clout, and that it got published, now makes him part of that figureheads of quazi leadership. This is important because when we trade a market the large holders, maker maker bots/algos, and foundations attached to a project profit. What we trade puts money in peoples pockets. I do not think BCH is worth trading when you have 2 constant attackers & a man that thinks there is a logical footing for legalizing child pornography. see below
Sep. 10, 2012, 1:26 PM via Business Insider
"Like or loathe his ideas, there's no doubt that Falkvinge is an interesting, intelligent guy — Business Insider spoke to him about the Pirate Party movement last year...."
"Titled "Three Reasons Possession Of Child Porn Must Be Re-Legalized In The Coming Decade", the article discusses child pornography. Falkvinge's key argument is that the current laws prohibiting child pornography actually end up helping to hide child molesters, and that the act of possessing a recording of a crime should not itself be considered a crime. Perhaps Falkvinge's intentions are noble, but his argument is certainly hard to follow at points...."
"Members of the Pirate Party community are now moving to distance themselves from Falkvinge. The leader of the German Pirate Party, Bernd Schlömer, told a German newspaper that Falkvinge must be "tangled up in his own thinking". Another Berlin Pirate said that Falkvinge could no longer be considered a serious political activist after the article."
Many of his peers did not believe he should be any sort of a leader any more. I do not believe he should be a leader of the BCH movement either.
I will admit I have a bias against BCH due to Roger & Jihan's past actions. But I still made a couple trade. After knowing more about Rick I refuse to support this market. I am all about #BoycottBitcoinCash until things shuffle around a bit on the leadership front.
If any other project, company, or leader came out and said things like that about children I would boycott it too, because people that hold beliefs which put others at risk is not something anyone should financially support. Laws protecting children should not be loosened, especially with such backward logic to it. It is a dangerous thought process and it does not deserve any type(s) of passive funding in any shape or form.