BCash has many enemies – but perhaps, few as vocal as myself in the Bitcoin community’s social media leadership.
I have been working in, and commentating on financial markets for 29 years, and became well-known for exposing the scam known as paper Precious Metal trading. However, nothing I have seen compares to the malicious, malignant con game known as BCash – which wraps racketeering, insider trading, libel, and Ponzi scheme into one grand disaster-in-the-making.
I have written countless articles about the topic in recent months - and taped numerous podcasts, like this one three months ago…
…this one last month…
…and this one yesterday…
My contention all along has been that BCash’s rise was entirely engineered by unnatural means, by the biggest crypto criminals the world has known. Which unfortunately for them, is 100% unsustainable, in true Ponzi fashion.
Recently, BCH’s ratio to BTC has been relentlessly spiraling down, with good reason. Operationally, it has no use case; and in the current crypto bear market, it’s true use case – of manipulative pumps at BTC’s expense – is no longer viable. Thus, even if it weren’t a House of Cards Ponzi scam, it would decline relative to Bitcoin.
That said, in the best, most diligent article I’ve read on the matter, “Crypto Herpes Cat” describes exactly how endangered BCash’s 0.11/BTC ratio is – and potentially, its very existence. MUST READ!!!!
https://medium.com/@btcWolves/bch-heading-towards-the-abyss-f1b2b9ec41f1
My friends, the collapse of BCash – be it gradual or, with increasing likelihood each day, spectacularly – will be a seminal moment for the cryptocurrency industry…that ultimately, will dramatically increase Bitcoin’s standing – and “dominance.” To that end, the 0.11 BCH/BTC ratio not only sticks out like a sore thumb relative to the rest of the collapsing altcoin sector, but is a blaring red siren to short the altcoin with the most to lose.