The following article is reproduced below with the goal of providing information that is as accurate as possible. Regardless, purchasing or reading this material can be seen as consent that the publisher and the author are not experts on any of the topics covered and that no recommendations or suggestions are being made. The author is merely describing his plans. This article is copyrighted by the author.
The above declaration is deemed fair and valid by both the American Bar Association and the Committee of Publishers Association and is legally binding throughout the United States of America.
The information found below is presented for recreational purposes only and should thus be considered universal.
To the maximum extent permitted by applicable law, the author and publisher exclude all representations, warranties, undertakings, and guarantees relating to this material.
INTRODUCTION
When I mention people and organizations, I'll link to a page where you can get more information, but I'll define them on this page so you can keep reading without breaking your concentration.
When you see BCH in this article, think Bitcoin Cash since BCH is the symbol for Bitcoin Cash. When you see BTC, think Bitcoin.
I believe rich investors are buying BCH as cheaply as they can. So am I.
BCH is going to reach parity—equality—with BTC. BCH is going to become as valuable as BTC has been, making me a lot of money. When BTC gets replaced by BCH, there will be a mad scramble to dump BTC and buy BCH. When that happens, the price of BCH will spike, and if all goes well, I'll make a few hundred grand. I've got 90 BCH now, and I want to accumulate a total of 100. Now, I'm not telling you to invest in Bitcoin Cash like I am. This article is not investment advice; these are just my plans. Don't do it yourself. It's a very risky bet, and I might lose the $40,000 I have invested. Also, it's possible that BTC will be replaced by Litecoin or Ethereum or some other coin or token. It's even possible that BTC will continue increasing in value.
HOW I THINK IT WILL HAPPEN
There are three opposing groups:
Jihan Wu and the Chinese Miners (see Note 1, below) have, for a very long time, been trying to expand BTC's block size by a factor of 8, to solve BTC's problems. Wu is a wealthy Chinese BTC miner and manufacturer of mining equipment.
Wu's enemies are the current Bitcoin Core supporters. The Bitcoin Core supporters want to expand BTC's block size slightly, and they want to bolt on some extra stuff like Lightning Network (see Note 2, below) and SegWit—Segregated Witness, an artificial method of increasing BTC's Block size—to solve BTC's problems.
* * * * * * * * * * * * *
Seen on the forums:
“If we wanted SegWit to help with scaling, we’d use Litecoin, you f****ing idiots.” (Litecoin (see Note 3, below) already has SegWit.)
* * * * * * * * * * * * *
Then there are the people whose empires are built on fiat currency, the Bankers. They oppose the first two groups.
Now that BTC has forked into two blockchains, Wu and the Chinese miners support BCH while the Bitcoin Core people support BTC.
Note: as you know, another Hard Fork will happen on October 25, and BTC will split into Bitcoin and Bitcoin Gold. Another Hard Fork will happen in November.
War has been going on between the first two groups and continues to this day. BTC is the King of Crypto, but Wu and the Chinese miners are fighting to replace it with BCH. After years of waging war on the Bitcoin Core supporters, they're not giving up, and they're going to win. They have a lot more money and power.
Imagine, if you will, a system of voting in which the people with the most money and power have the most votes. If that system existed, you could use it to predict the outcome of every money-dependent question by simply counting the votes.
In fact, that system exists. It can be seen at https://vote.bitcoin.com/. People at that site vote with their money (each BTC they have counts as a vote if you will), and you can easily see that the big money is for big blocks (BCH), and against Blockstream and SegWit (BTC).
I'll summarize the voting.
Question: I believe that the block size limit should be increased to 8 Mb as soon as possible. The question was answered Yes by a margin of $262,450,331.00. The richest people support Bitcoin Cash.
Question: I believe that the creation of Blockstream was the most damaging thing to ever happen to Bitcoin. The question was answered Yes by a margin of $202,626,569.00. The richest people don't like the technologies that are being added to BTC.
Question: I believe that the bitcoin-abc client and big block fork (Bitcoin Cash) is a better road map than both Segwit AND Segwit2x (see Note 4, below). The question was answered Yes by a margin of $3,178,559.00. The richest people like Bitcoin Cash.
* * * * * * * * * * * * *
Seen on the forums:
“Some of the richest miners are pouring money into mining Bitcoin Cash. If they want a return on their investment, they're going to pump the price up.”
* * * * * * * * * * * * *
(There is an "Anonymous Miner" who has been mining the BCH chain at a loss, to support it. It's been estimated that he or they have spent around $10,000,000 on hardware and $100,000 a day mining at a loss. These people don't screw around, they've got very good reasons for spending that kind of money. Here comes some unabashed technical data, which I'm not going to explain if you don't understand it, but trust me it backs up what I just said: After the August 1 forkening, at least 1,500 Peta Hashes was directed to mine the BCH chain. Without that input, it would have taken about three days to mine the first 12 blocks, and the BCH chain would have been a failure.)
I believe that it's obvious that Wu and the Chinese miners feel that the best way to win the war and also make a lot of money, in the same way I'm hoping to, is to fool Core and other big players in Bitcoin by seeming to support SegWit, and then migrate to a chain that does what they want while keeping the integrity of BTC's idea intact—decentralization. In other words, I believe that it's obvious that they plan to support the installation of Blockstream’s SegWit software, and after it's part of Bitcoin PERMANENTLY, move their massive hashing power over to the Bitcoin Cash fork, effectively draining BTC of all value.
Chinese mining pools control more than 70% of the Bitcoin network’s collective hashrate--https://www.buybitcoinworldwide.com/mining/pools/. They can direct their hashing power however they want, which will be toward BCH.
And the BTC chain is very vulnerable to changes in hashing power. If enough miners defect, BTC will go into the dreaded Chain Death Spiral--https://bitcoinandtheblockchain.blogspot.co.nz/2017/08/chain-death-spiral-fatal-bitcoin.html. BTC doesn't have EDA—Emergency Difficulty Adjustment—like BCH has; BTC's Difficulty Adjustments is one of its Achilles Heels.
* * * * * * * * * * * * *
Seen on the forums:
“The network is already slow enough as is, losing miners will just exacerbate that and cause a runaway train effect. BCH price will rise, and more miners will flee which will cause slower transactions which will lower BTC price which will cause more miners to flee, so on and so forth. Meanwhile, BCH will chug along with 8 times the transactions per second.”
* * * * * * * * * * * * *
Bitcoin difficulty only adjusts every 2016 blocks (about 14 days). That is why this is a strategic moment for the BCH fork.
The problem is, as mentioned above if miners leave BTC, blocks will be slower, so even the difficulty adjustment will be slower. It's a vicious circle. If 50% of miners defect from BTC, blocks will take 20 minutes on average, and the next difficulty adjustment will be in a month. The situation will keep feeding on itself; as people see the very slow transactions and higher fees, the price of BTC goes down, and more people will buy into BCH which will be faster and have lower fees instead.
Just so I can make the same point enough times for you to believe me, here's another . . .
* * * * * * * * * * * * *
Seen on the forums:
**this is how it will play out:
(1) jihan takes 25% mining over to BCH after BTC difficulty adjustment
(2) BTC block time spikes to 14-15 minutes
(3) BTC mempool starts building, fees spike to $10+/tx
(4) confidence in BTC erodes, price starts falling, BCH price rises
(5) miners start following Jihan over to BCH as the BTC price goes down and BCH price goes up
(6) block times start climbing to 30 min, 1 hour, 2 hours ...
(7) fees hit $100+/tx, BTC chain collapsing
(8) a couple of days into this process, BCH is worth $10k, and BTC is worth $100
* * * * * * * * * * * * *
The Bitcoin chain is already slowing down; I've heard stories of 6 hours going by without a single confirmation.
You can see a live version of the confirmation backlog at: https://blockchain.info/unconfirmed-transactions
In an extreme case, let's say 95% of miners switch to mining BCH because it's more profitable; it would then take almost a year to get to the next BTC difficulty adjustment. That would mean that those miners who are loyal to BTC would hypothetically have to mine at a loss for a year.
For the first time, Bitcoin's fate depends on what the miners with the most hashing power want to do.
In short, BTC is f****ing toast, and that's why I have over 90 Bitcoin Cash and climbing.
Important takeaway: After Bitcoin crashes, Bitcoin Cash or another coin or token will be the Bitcoin, while BTC, Bitcoin, will lose most of its value and its price. Bitcoin Cash will be the one worth $4,000, and Bitcoin will be the one worth $300. And China will be the epicenter for Bitcoin, replacing the USA.
Remember at the start of this I mentioned a third group of player, the powerful Bankers.
These bankers will allow this to happen, maybe even help it. I think they're encouraging the price rise that is going on with BTC. New money is flocking into BTC. Let me rephrase that: Newbie money is flocking into BTC. Let me rephrase that: Dumb money is flocking into BTC.
If BTC crashes and wipes out a bunch of newbie money, cryptocurrencies might be hated as bad as Trump is. The Feds might make owning crypto illegal, thus benefiting those whose empires are built on fiat currency.
Of course, the Feds and the bankers may, instead, embrace cryptocurrency. They may create their own coin.
Feds and the Deep-State bankers want power. If they create a FedCoin, they will tailor it to grant themselves the two powers they have long sought—knowledge of exactly where the money is, and an easy way to seize it remotely. Ergo, look for the following:
FedCoin will NOT be as anonymous as Bitcoin. There will be built-in coding (or a signature of some kind) to identify the location of the coin.
FedCoin will be seizable by the powers that be, at a whim, for any reason they deem defensible.
According to this article, the government is already working on FedCoin: http://moneywise411.com/tbo-awards-7-billion-to-develop-new-fedcoin/
More bad news about BTC—it appears Bitcoin's price is high due to manipulation: https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330.
* * * * * * * * * * * * *
Seen on the forums:
Bankers have infested the crypto sphere, and they are running their age-old scams again. Well, just keep an eye out for happenings.
* * * * * * * * * * * * *
The elite bankers are making untold millions driving up Bitcoin's price, while also setting Bitcoin up the huge crash that will let them pass whatever laws they want.
FINAL RECAP Scenario 1
* Chinese miners mine BCH and then sell what they mine, driving price down while making money;
* Smart people like me buy BCH low and accumulate;
* This goes on for a long time until there are BCH/ETH trading pairs and BCH/LTC trading pairs and all the other trading pairs on all the exchanges;
* When the exchanges are ready for BCH to kick old senile BTC off the throne, the Chinese miners with their 70% hashing power make it happen;
* BCH is now Bitcoin;
* BCH moons;
* People who bought BCH low buy lambos.
FINAL RECAP Scenario 2
* Bitcoin's price rises to $6800;
* We get another crash, and this time Bitcoin's price falls to the level predicted by Goldman: $2200;
* Weak hands panic and bail out;
* Whales swoop in and buy super-cheap Bitcoin;
* Bitcoin's price shoots up;
* The Chinese miners realize this is their golden opportunity and abruptly aim all their hashing power at Bitcoin Cash;
* Bitcoin dies, and its price crashes again, and the whales dump their holdings and buy Bitcoin Cash;
* BCH is now Bitcoin;
* BCH moons;
* People who bought BCH low buy lambos.
FINAL RECAP Scenario 3
* Following November Hard Fork, Bitcoin's price crashes in the mass confusion over all the Bitcoins;
* Weak hands panic and bail out;
* Whales swoop in and buy super-cheap Bitcoin;
* Bitcoin's price shoots up;
* The Chinese miners realize this is their golden opportunity and abruptly aim all their hashing power at Bitcoin Cash;
* Bitcoin dies, and its price crashes again, and the whales dump their holdings and buy Bitcoin Cash;
* BCH is now Bitcoin;
* BCH moons;
* People who bought BCH low buy lambos.

Note 1: Jihan Wu and the Chinese Miners
Jihan Wu is the co-founder of BITMAIN, which manufactures the world’s leading bitcoin miners using Bitmain's ASIC chip technology. Jihan Wu maintains AntPool which holds the largest hashrate distribution amongst mining pools; currently, AntPool mines 16.4% of all blocks. This makes Jihan Wu highly influential in the Bitcoin community. He is extremely wealthy and influential.
Chinese mining pools control more than 70% of the Bitcoin network’s collective hashrate. They can direct their hashing power however they want, which will be toward BCH.

Note 2: LIGHTNING NETWORK
As Wikipedia states, "The Lightning Network is a P2P system for making micropayments of digital currencies such as Bitcoin or Litecoin through a mesh network of bidirectional payment channels without delegating custody of funds or trust to third parties."
* * * * * * * * * * * * *
Seen on the forums:
“Segwit will lead to Lightning Network. The LN is NOT Bitcoin. You are not transacting on the BTC Blockchain; you are not using BTC in any way. BTC will become a settlement layer."
* * * * * * * * * * * * *
and
* * * * * * * * * * * * *
Seen on the forums:
“Even if LN works—which is a big IF—it still won't be here for many years. With perfect segwit use, the max block size is calculated to be some 1.6 mb which means the network will be full again very soon and bitcoin will start losing out to the alts again."
* * * * * * * * * * * * *

Note 3: Future Predictions for Litecoin
Stated in an article from https://cointelegraph.com/ “Due to its continuous solid growth and performance, I believe Litecoin will become one of the leading cryptocurrencies in the near future. This forecast is due to some developments on the digital currency that made it a growth leader in the market. Among these developments is Litecoin’s integration by the digital wallet Jaxx, its addition to the Apple App Store and the implementation of the SegWit on the Litecoin network.
“Another positive development for Litecoin was the resignation of its founder Charlie Lee from Coinbase. Lee can now devote himself full-time to promoting the digital currency, his main project.”

Note 4: SEGWIT2X
SegWit and SegWit2X—What's the difference? Coindesk explains it in this article: https://www.coindesk.com/explainer-what-is-segwit2x-and-what-does-it-mean-for-bitcoin/

Have You Benefited from this article?
I hope you did benefit from reading it, and I'd like to hear your suggestions for improving it. You can join my Facebook Group --https://www.facebook.com/groups/boydsredpill/ --and converse with me and others.
 

$21.48
$3.96

No one has reviewed this piece of content yet
Comments
  spent 10.0¢
Yes I enjoyed. Thank you.
0.0¢
   2yr ago
9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢
  spent 10.0¢
Great article, thanks.
I think these are plausible scenarios, and I take them seriously, but I'm not betting the house on them. I continue to accumulate Bitcoin Cash because I'm more bullish on it than Bitcoin or any other cryptocurrency. However, there are some huge uncertainties here.
Who is buying Bitcoin right now sending the price to new all-time highs of $5500+? I'm not convinced it's dumb money. It might be smart money deliberately creating an environment where the most dominant cryptocurrency is the least useful. Banks and institutions win by continuing to send the price of Bitcoin higher while simultaneously preventing it (or at least delaying it) from achieving mainstream adoption, because mainstream adoption is not possible with small blocks.
That's pure speculation on my part (thanks to @zquestz for the theory 😁 ).
I simultaneously think there is a huge amount of money to be made near-term by causing the flippening from BTC to BCH as you describe. Now that the price of BCH is less than 1/10th the cost of BTC, any large miners, holders or institutions in a position to cause the flippening could 10x their money in a month. That may be a more tempting path for them than the longer path of 10x yearly gains with BTC.
Again, that is pure speculation. All I can do, like anyone, is assess the information I have and make the best bets I can based on this limited information 😄
0.0¢
   2yr ago
9.9¢ 11.7¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 9.9¢ 11.8¢
  spent 10.0¢
Actually if the flippening happens it'd be more than 17.5X rewards for anyone who converts their btc to bch now. But I doubt that will not happen in a short period of time. Anyway enjoyed the article and I'm all in bch even before reading this.
0.0¢
   2yr ago
9.9¢