I was first alerted to this from a tweet by Ari Paul. You can find the full Reddit thread here.
The important parts:
Roger's Reddit username is MemoryDealers.
I've been talking with two other very large holding friends about a joint effort.
I think the next steps are:
1: Full Bitcoin Cash support by the Bitcoin.com Wallet. (Support coming very soon)
2: Mining profitability being similar. (This will happen after about 600 more blocks)
After those two things happen, it will become much easier for whales to feel safe about pushing the price / mining profitability around a bit.
He posted this 3 days ago, and roughly 144 blocks are mined per day. This means in about 24 hours the mining profitability will be similar.
Perhaps this explains the price rise of BCH in the last 12 hours:
When BCH first hit exchanges I had a plan of putting in high asks and low bids for it thinking there would be wild swings and that was the best way to take advantage. But after trading it for the first week, I decided to just hold a roughly equal amount of BTC and BCH for a few reasons:
- The price of BCH is new and somewhat unpredictable, so it's hard to trade it intelligently.
- Whales would pump it's price at some point.
- It could legitimately win over BTC.
We'll see what happens...
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