The Wolf in Sheep's Clothing - BTC compromised by banks while Chinese miners prepare to crash the markets

in bitcoin •  10 days ago

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This is an overview of what has happened to Bitcoin in the last few years with some conspiratorial insight into what the near future might hold for this King of Coins.


Yesterday I had a long chat with a man I refer to as Angel of Crypto. He has dedicated his life to understanding this arena and focused his attention exclusively on Bitcoin recently. I cannot reveal his identity so you're just going to have to trust me when I tell you he is an extremely intelligent & intuitive human being and I feel it to be my duty now to share with you what he told me.

To make a long story short, the future of Bitcoin looks bleak. Worst than that, it appears to be fast turning into a ponzi scheme controlled by the banking system and will ultimately be replaced... potentially sooner & not in the way you might imagine.

Angel of Crypto

We met here in Bali 16 months ago and he kindly taught me about this brave new world whilst suggesting that my lifestyle of video blogging might lend itself to Steemit. Naturally I signed up right away and never looked back.

When Steem plummeted to $0.07 in March I freaked out and contacted him. After 7 months on Steemit I had amassed 10,000 Steem which had been consistently going down in value. He advised me to have faith and even suggested I invest into Steem at that time. I laughed at his suggestion and didn't invest. Just over two months later Steem peaked at around $2.20.

In mid October I saw him again here in Bali and he spoke at length about Bitcoin Cash, advising me to invest while it was at $320. This time I did invest and today Bitcoin Cash is currently around $1500, after peaking at $2,200 a few weeks ago.

Old technology struggling to keep up

Many of you will understand this already but for the benefit of those who are learning about the scalability issue for the first time I will expand on this a little.

Blockchains are built using 'blocks' of information. A permanent record of all transactions facilitated by the miners whose computational power provides the calculations required to run the network. Bitcoin's blocks are just 1MB and this size can only allow for a few transactions per second. With the growing number of Bitcoin users the network is slowing down and transaction fees are rising. Transactions which should only be a few cents are now as high as $20. Please note that a transaction fee in this situation is not based on the amount of money you are sending but the amount of data you are using on the block.

Sidechains

Sidechains are extensions to existing blockchains designed to enhance their functionality.

The Lightning Network represents a potential sidechain. A soft fork of the Bitcoin blockchain was implemented to allow for segregated witness, a change which permits sidechains to be implemented more easily. This sidechain is presented to us as the solution to the scalability issue. Please note however that we appear to be a few years away from any kind of implementation.

Hardforks & softforks

I mentioned above that the Lightning Network is a softfork which means it is still connected to original the Bitcoin blockchain as a sidechain and 2nd layer.

A hardfork is the creation of a whole new blockchain whilst retaining the principles of the original coin.

Bitcoin Cash

In August Bitcoin Cash was born when the Bitcoin blockchain hardforked. The fork came about because two schools of thought created a divide in the Bitcoin camp. There were those who supported the Lightning Network and those who supported the creation of a new blockchain with the ability to increase the size of its blocks over time, permitting an increase in users without affecting transaction times or fees.

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The wolf in sheep's clothing

A Wolf in sheep's clothing is an idiom of Biblical origin used to describe those playing a role contrary to their real character with whom contact is dangerous
Wiki

Bitcoin was born in 2009 and has been putting banks under an increasing amount of pressure since then. With more money than the rest of us put together the answer was obvious. Find a way to 'own' Bitcoin. But do it in such a way that the mainstream population have no idea what has happened.

The Lightning Network is not decentralised

It has been slowly taken over by Blockstream, founded in 2014.

The too-big-to-fail insurance giant AXA is one of the main owners of Blockstream - and they're throwing around millions of dollars to any dev / troll / censor who opposes Satoshi's simple and safe roadmap for on-chain scaling
source

Henri de Castries, CEO of Blockstream's parent company is also chairman of the Bilderberg group. He has part ownership of American Express, Chase, Goldman Sachs, JP Morgan and other banks.

A conflict of interest perhaps? We all know the ultimate goal of the banks can be summed up in one word: CONTROL

And don't you think Blockstream is a curious choice of name given that what it is ultimately doing is blocking the stream of transactions?

The replacement of Bitcoin

The Lightning Network is in fact designed to become Bitcoin's replacement and will not work as the sidechain it is promised to be.

To put it in simple terms, your Bitcoins will be held by them while some kind of token which can only be exchanged on the Lightning Network will be issued in their place. Sound familiar? That's right. Just like the Federal Reserve Bank issuing little green pieces of paper.

However, with the rising price of transfer fees it will slowly become more and more expensive to withdraw your Bitcoin and with the growing realisation that Bitcoin is permanently flawed as a viable method of exchange for all, fewer and fewer people will be interested in accepting it, giving the lower quantity Bitcoin holders no choice but to return their coins to the Lightning Network where they will at least have some kind of perceived value.

It will become an investment for the rich only and not the fast, low transaction fee 'bank killing' system it was born to be.

Bitcoin Cash is the ORIGINAL Bitcoin

We have been led to believe that our Bitcoin holdings are in line with the original thinking of the group behind the creation of Bitcoin. But this is not the case. In fact, Bitcoin Cash is the currency which has stayed true to this system of thinking by building a new blockchain which permits the block size to increase naturally whilst remaining decentralised.

It is only a question of time before the world wakes up to this and Bitcoin Cash will eventually replace Bitcoin as the leading method of crypto exchange.

Media Manipulation

Have you noticed how the media have gone from telling us Bitcoin is for criminals to reporting on the massive amounts of money being made by respectable people?

The $10,000 price was widely anticipated early this year by the mainstream media and there are now many articles predicting the price to hit $1M by 2020.

This would explain why we are seeing an unprecedented rise in Bitcoin value at this time. It is currently sitting around the $11,000 mark.

But these first time crypto investors understand little of the story I am telling you and some might argue they are playing a very dangerous game right now.

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The experienced traders amongst you will know this line does not represent a good investment. A bull market is not a bull market forever and Bitcoin is due for a massive adjustment.

Angel of Crypto believes this will be happening very soon but not for the expected reason.

Operation Dragonslayer

The Bitcoin network is run by miners and over 70% of them are Chinese. They have spent years investing huge sums to position themselves firmly at the top of this system, reaping the rewards of Bitcoin mining from massive warehouses full of computers buzzing away constantly, processing our transactions.

The problem for them is that due to the restricted block size there is a gradual increase in difficulty rate. Crudely put, as the difficulty rate increases their ability to make money decreases. And without the scaling solution fixed there is very little incentive for them to continue mining Bitcoin on such a huge scale. The original Bitcoin, now called Bitcoin Cash is what Angel of Crypto believes they have their sights set on as the alternative.

But in order to ensure the success of Bitcoin Cash against Bitcoin they have to play the game carefully. Don't forget Bitcoin is now propped up by the US banks and timing here is key.

Operation Dragonslayer is a said to be a plan by the Chinese miners to crash Bitcoin and milk the situation to the max, increasing their overall holdings and position of control.

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How will this be done?

Various insider documents have been circulating on Twitter & Reddit suggesting that the Chinese group controlling Operation Dragonslayer now own 1 million Bitcoins. At the current price that's worth around $11 billion.

If this is true they are in a very good position to strategically sell huge sums, causing people to panic and creating a crash like never before which will affect the entire crypto market.

Where will they move their Bitcoin when they pull out of BTC?

If only I knew the answer to this question! There are those who do claim to know but are charging lots of money for the information. What Angel of Crypto believes is that once they are done pumping & dumping the coins of their choice, they are intending to bring down Tether.

For those of you who don't know, Tether is a cryptocurrency designed to be perfectly pegged to the dollar. Despite rumours of US gov involvement reaching all the way to the popular exchange Bitfinex, for the most part it has worked very well in its functionality. Traders use it as a place to hide in bear markets. It is easy to make money on a downward market by selling to Tether at the start of a crash and buying back in when it hits the floor.

If they are somehow able to crash Bitcoin, the alt coins and Tether simultaneously there will be nowhere to hide. The whole market will be crashing and unable to sell, Bitcoin holders will simply have to wait and see what happens.

What does experience tell us?

When the price of Bitcoin is dropping fast and everyone is trying to pull out at the same time, the price of your transaction will sky-rocket. If indeed you are able to make the transaction at all. Many have noted that in the main exchanges it is simply not possible to sell your Bitcoin when it is crashing.

Check out this Exodus wallet notification captured during the last mini-crash of Bitcoin
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This time Bitcoin will be more than just dumped

The best time to crash Bitcoin, assuming you want to badly damage it's value and public perception, is just after the difficulty rate adjusts. The hash rate would not have time to recover before the next difficulty adjustment meaning that Bitcoin would most likely be rendered unusable for a prolonged period of time. Potentially months.

Naturally this would shatter public perception and when Bitcoin Cash grows from the ashes as the new fast mover, with all the familiarity of Bitcoin and scaling issues resolved, it will be accepted as the replacement, leaving the Chinese miners in a formidable position of power over this new & improved network.

When will this happen?

The next difficulty rate adjustment is currently set to be approximately 5 days from now. The estimated time of adjustment can be seen in a countdown clock underneath this chart.

Angel of Crypto did acknowledge that he believed Operation Dragonslayer to be set for the previous difficulty rate adjustment, but turned out to be wrong.

I scoured the internet this morning looking for anything which might validate his story and discovered many such confirmations amongst which was a Slovakian group whose warning on their website could not have been clearer.

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Upon further research I found this site to be connected to a user on Steemit. You may be interested to read what is proposed to be a segment of his personal conversation with a Hong Kong Investment Banker, published here two days ago.

It relates specifically to Operation Dragonslayer but leaves certain words out as not to give too much away. Angel of Crypto was able to fill in some of these blanks (stated in this article) but what struck me as particularly odd was the 1,343 eyeballs on this post with only 4 votes. One of them being mine.

Those who have access to this kind of knowledge don't tend share it willingly with others. Not for free anyway! So, it would seem to me that this post was intentionally kept off the Steemit radar by those who read it.

In Conclusion

I am not a financial adviser, I've only been trading for six months and my personal knowledge of this subject is sketchy. So I'm not suggesting you listen to one word I have said. I cannot list too many sources in this article because it mostly came directly from the mouth of a man who prefers to remain anonymous. I felt instinctively drawn to repeat his words for my fellow Steemians here on the off-chance that he is right.

If he is, you have four days to prepare yourself for this event in order to make the most of it.

Personally I will not be holding any crypto at the moment the difficulty rate is adjusted. I will be holding it in my hands as paper money, ready to buy back into Bitcoin Cash at the moment I believe the floor has been reached.

Perhaps I will be laughing at my actions a few years from now? Though I prefer to focus on the other possibility. And I will be laughing for a different reason, from the deck of my luxury yacht.

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Who is @samstonehill?

He was a London based filmmaker until he sold everything and set out on a barefoot journey around the world.

Currently based in Bali he travels with his partner & two children. With no bank account he has been living on STEEM & crypto for over six months.

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I've noted the activity of Freemasons and Knights of Malta (catholic masons) around Bitcoin for some time. The Core team is filled with Knights of Malta. These are fronts for the banking aristocracy of Europe/US.
On the other side we have the chinese Dragon Societies.
The World is a stage and the Bitcoin World is no exception.
Check one of my older comments to see how many of the events surrounding Bitcoin are staged (I will expose the conspiracy even further in an upcoming post):
https://steemit.com/conspiracy/@bitconspiracies/100-the-mt-gox-conspiracy#@lavater/re-bitconspiracies-100-the-mt-gox-conspiracy-20170821t172809642z

regarding the upcoming crash....
holding Tether during the crash will be just as bad as holding BTC as it will likely implode. There are clear signs that Tether's peg to USD may be just an illusion:
https://twitter.com/Bitfinexed
call me old fashioned but during the crash I will switch mostly to Gold .
Not so concerned about Steem as it hasn't even pumped yet and it has constant demand coming the site itself, and not from some dodgy fake dollar printing. It might fall to around 50 cent but can't see it falling much further than that.
I'll keep holding some Steem, Monero, Ethereum, IOTA, BTS and EOS . Monero in particular I believe it is one of those coins which is not compromised and might be a safe haven from the IRS, though inevitably its price will be bleeding too during the crash.
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See you all on the other side, hopefully sailing in the Sun in luxury Yachts lol .

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Many thanks for your input here. Holding in Gold is for sure the best thing to do. If only I knew how to make that switch here in central Bali!

Steem had a good pump over the last few days. Always nice to see.

Fingers crossed for tonight... Let's see what happens...

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102K Unconfirmed Transactions

Every once in a while I stumble upon some information that really hits home.

I've made very good returns on Bitcoin but I don't trust it an inch and have been thinking for a while it's a big con. So essentially I'm still heavily invested in something I'm pretty sure is a scam.

The tricky part is picking when to bail out - I've recently been gradually selling it and switching to Bitcoin Cash and Monero.

Riding Bitcoin on it's exponential climb is like standing on the edge of your volcano - but if we time this right it could be awesome.

Many thanks for explaining this stuff so I finally feel like I have a clue what the zionists are trying to do, and who it is who might defeat them.

This is getting exciting!

https://steemit.com/news/@corbettreport/bitcoin-usd10-000-what-does-it-mean

Extreme FUD alert

How can banks control

  • Most bitcoins have never been moved.
  • There are not enough Ascis chips in existence to control creation supply.


  • Bitcoin fees are not so high its only because people use dynamic wallets instead of manually setting.

here is list of fees and times

https://bitcoinfees.earn.com/


  • Bitcoin cash is a inferior bitcoin controlled mostly by roger ver and those powered by greed.

only original bitcoin is bitcoin all 17 others are cheap imitations.


A hardfork is the creation of a whole new blockchain whilst retaining the principles of the original coin.

A hard fork is the opposite of this.

it is a copy of the old blockchain with principles changed.


  • lighting network is not controlled by anyone and will further decentralize bitcoin operations opening up gateway payment revolution in bitcoin.


  • operation dragonslayer is another attempt by scumbag bitcoin cash holders to effect manipulate markets the same way they flood bitcoin wallets with dust transactions that never get verified filling the mempool.

  • luckily once lighting network is launched network can be signaled to ignore.



judging by the amount of misinformation given, its more than likely this "Angel of Crypto" is part of some large pump and dump group which is how he "predicated" the rise in steem.

good thing bitcoin has far greater liquidity and with institutional money flowing in for the next 6 months market manipulation will be impossible and any attempt will only give buyers better value.



ill leave you with these videos to learn what a lighting network actually is.

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I appreciate everything you have said here, but as stated I am only repeating what I have been told by someone who has dedicated his life to this. A few days ago I knew very little about this subject.

Time will tell....

Interesting that your 2nd video is a talk at Hubud. I also gave a talk there about Steemit a few months back.

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alright but when considering to buy take how much facts he has wrong into consideration

ive made a recent post with short description on elements and links to other videos on lighting network might change your mind on following misguided statements

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One point: I have $20 of BTC stuck in a Jaxx wallet and cannot remove it, even if I set the transfer fee manually. $20 is the minimum transfer fee from this wallet.

With this in mind, how can BTC be the future?

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problem there is youve entrusted a third party with your funds especially Jaxx with one of the highest fees

Current suggested minimum to cleared in average time 33,700 sat = $3.89

https://bitcoinfees.earn.com/

also lighting network will obsolete high fees as payment channels/gateway networks can be cleared multiple times under the same bitcoin transaction paying the higher fee once with multiple smaller fees

The crypto market dropped by 70bil in 24 hours (the majority of that drop being from btc) a few days ago and since then has more then recovered. Because of this I think if someone did dump $11bil worth of btc it might not have the outcome they expect since btc has already shruged off larger dumps then that without much damage at all. Also in my opinion btc will not be a vehicle of exchange in the long run and will be more seen as a long term store of value so its high fees and slower transaction times may not really matter much in the long run. I guess only time will tell.

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It doesn't take $1 of Bitcoin to crash the market by $1… There's a multiplier effect when done strategically and automatic sell orders and trading bots will do a lot of the heavy lifting for you.

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I agreed but again the crypto market cap dropped by $40bil in 10 mins a few days ago from that type of chain reaction, and overall it didn't do much damage at all. I agree that if they time a 11bil dump at the same time as a difficulty adjustment in a coordinated effort accross multiple major exchanges it can cause a lot of havoc, but it may not be as long term a drop as the dumpers might expect. There are a HUGE amount of $ waiting on the sidelines to buy into BTC if it did drop down to 2-5k, so I think they may/will have a hard time knocking BTC out of competition. I could be wrong but I tend to think beyond the US banning BTC outright, it prob isn't going anywhere, at least in the short/med term.

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Really interesting to read this exchange. Thanks to you both! Have learned so much in the last few days...

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to bring down a price in a liquid market it generally takes $10 to move $1 everyday is harder and harder to effect bitcoin like this expect any volatility to be skyward

All block chain technologies have scale-ability and fee problems. IOTA uses a new "tangle" data structure - not block chain. It is fee-less and has no scale-ability issues. The more users that use the IOTA network - the faster it runs. IOTA really is a brilliant solution. In my opinion IOTA could replace all block chain coins.

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If only I had some wonga to invest. IOTA would be in my portfolio for sure.

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I'm also interested in IOTA , it really sounds like the future of crypto

I stayed out of crypto until I joined steemit, because I have said all along I think it is the banksters playing us. They could NEVER have coaxed all the rebellious types into digital currency, so they pretended it was a rebellious thing to do... Hope I am wrong!

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We're all in the same boat. Prepare for the worst, but hope for the best!

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This very thought has nagged at me also. It's no secret the powers that be want a one world government and a one world cashless, trackable currency.

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The best way to avoid "a one world government and a one world cashless, trackable currency" is to avoid having all your crypto in "one network"... I'll probably get bashed for saying this, but - in my opinion - there are better crypto networks than Bitcoin out there. Better technology, better privacy features and faster speeds. Here is a link to my current crypto portfolio:

https://steemit.com/crypto/@nateinsav/6uuagb-current-crypto-portfolio

Hope it gives others some alternative ideas. Please do your own due diligence. This is NOT investment advice.

thanks for the wonderful insight. I am quite new to all this but am slowly picking up. Have a great day, stay blessed.

This is an incredible article... it's definitely the best laid out and formatted article I've seen on this platform.

I actually turned all my money into tether during the last difficulty adjustment just in case, which didn't work out... but ultimately didn't really cost me anything either.

I've been really curious about the rise of Bitcoin, and have 30% of my portfolio in the coin, but have been disappointed to learn about the huge environmental impact, it's slowness and it's fees.

I've been keeping a close eye on Bitcoin Cash but it hasn't really done anything interesting in the last week or so.

So, I guess I'll ask the question that I'm sure everyone will ask... if Operation Dragonslayer were to happen this time, how do you think it would effect Ethereum and Litecoin?

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It depends if they select them as they coins they want to pump, but it seems to me that the whole market will crash if 11 billion is strategically withdrawn. Like I said, I am no expert... will pose this question to Angel of Crypto tomorrow ;)

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True... it could be the pebble that starts the avalanche. The total market cap is over $330B now... so it wouldn't devastate it by itself... but it only takes a small action to create fear.

I've followed you now after this incredible article... if you could ask your anonymous friend for us we'd all be very appreciative.

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Thanks for the follow... still waiting on my man to drift out of the jungle back into cyber world. He comes here to take time off from all this madness so don't like to push him too much!

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That's completely fair... you can't rush these things (even if billions of dollars might be on the line.

If you hear anything back, I might not make any drastic changes to my portfolio, but I might put in some stop loss orders for a couple of days. I've been bitten once before with those (lost about 10% from prices see-sawing around) so I'll only put them in for emergencies.

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A double sided attack where they sell the 11 billion first and THEN reduce the Chinese controlled bitcoin mining hash rate would be very concerning. Imagine the cascade effects. The 11 billion sale would cause the market to drop and then if the hashrate was reduced after their sales cleared - the bitcoin market would drop and people looking to get out of bitcoin would be trapped because block times could potential increase to very long times. This would be like trying to clear a stadium with 1/2 of the doors locked during a fire. The results would not be pretty. This is exactly why I think IOTA has it right.

My opinion - the IOTA crypto architecture can and will prevent "attacks" such as the one mentioned here. IOTA is fee less - proof of work is done by each user in a distributed computing model. IOTA is inherently scale-able - the more users making transactions, the higher the network throughput. This is due to the fact that for every transaction a users posts they have to do proof of work on two transactions. This makes IOTA's network transaction rate exponentially scale-able. This also makes it improbable that any single entity or group could control network hash throughput.

There have always been and always will be groups of people looking to manipulate others. Bitcoin is ripe for this sort of manipulation (due to popularity, high price and old technology). Thanks for sounding the alarm so that everyone is not caught off guard to this possibility.

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Yup, my first thought was Ethereum and Litecoin, and Monero :) Thanks Sammo, I'll stay tuned!!

Amazing journalism Sam!

Of course elitists want to control BTC, they want to control bloody everything these days!

I have taken your finacial advice, hope we are right 😱

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Hi man, thanks for not ignoring what info I have to offer, like the rest here.

One comment: It's not Slovakia, rather it's Slovenia.

Calling it Slovakia is like calling Bitcoin Cash BCash, hehe.

BANG! I am looking for more “angels” 🙄 to hug

Very interesting article, and I believe it all to be very believable. I have always had a strange feeling about the secrecy revolving around the founder of the BTC! I still however believe that vigilant and well informed investors can make a tidy sum of money. Its like investing on the stock market and the same rules apply...never invest more than you can afford to loose! This is important info and from it we can decide how, if any action we would like to take. Thanks for sharing this with us its good to know these facts which are hard to come by, because they dont want us to know!

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We live in very interesting times... that's for sure!

Loved it! UPvoted and resteemed with pleasure! =) x

This is VERY interesting, a brilliant post and informative. Could you clarify, if assuming all that's been said is accurate, the other major alt coins would see a crash along with bitcoin?

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That is my assumption yes. Safest thing to do is keep your coins off the exchanges at this moment. Download an external wallet. And personally I will be switching all holdings to Bitcoin Cash tomorrow.

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And personally I will be switching all holdings to Bitcoin Cash tomorrow.

¿Are you going to use the internal ShapeShift Exchange within your Exodus wallet for that operation? @samstonehill

That was quite an excellent article, thanks. Considering the massive advertisement that is going around for non-informed people, that thing could bring a lot of tears.

How do you think will the strategic (interest) holders in Bitcoin react? After all, there is a lot at stake for some and with the big banks buying themselves in I could imagine, they buy the losses to stabilize the price and keep the market going. After all, they intend to control the whole thing, but if it is dead, their stake is gone too and I am sure, Manhattan won't like it losing against the Chinese..

PS: I do expect to spend some time on your super yacht (I'll take the wing on the left;-)

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haha! you're welcome on the left wing any time ;)

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There are already creative bankers out there. Look at Polibius Bank in Estonia. They try to do the balancing act of crypto business and conventional banking. And just recently Venecuela's government announced the issue of its own crupto currency. I am courious to know what comes out of it.

tis is really a big news. I havejust want to invest in bitcoin since i was told that now is the best. please give me a straight advice on the cypto. Do you mean that all the altcoin will come down along with bitcoin? including steem?
i really need to no more? I have just little bitcoin now and few altcoin.

@seyiodus.

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If Bitcoin crashes hard it is likely to affect the whole market yes. But in the end it will most likely recover... as they all will!

Though I am still banking on Bitcoin Cash to be the winner of this race...

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okay. I also want to go for Bitcoin cash.
Thanks.

stop fudding...

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Am repeating what I have been told. Not an expert in this field. And as stated in the post I don't advise anyone to listen to one word.

There's always Ethereum and EOS. Hopeful things like this will further encourage movement to PoS and other non PoW chains where holders of the value get the say in its future. However then you need to make sure the wealth is not controlled by a few banks or oligarchs who are evil. Look what happens on Steemit when our whales start fighting or abusing the system and the minnows can do bugger all about it.

Another point I should make - so how does BitcoinCash scale to millions of TPS which is what it realistically needs to do if it was to become the coin used by everyone. Even thousands requires a massive blocksize. Are gigabyte blocks in our future? And that block time... When is anyone going to propose shorter block times and paying miners for orphan blocks to compensate for the accidental soft forks it will cause, just like ETH?

Finally... Is the fact that the recent Segwit2x hard fork failed evidence that your theory is right... That these evil actors you have behind the Lightning supporting BTC didn't want to allow scaling of the blocksize and thus to force people into using Lightning? That would require that the miners in China are in on this wouldn't it? But surely supporting something that only allows Lightning is bad for them as it means less revenue from transactions and mining doesn't it? Or are you saying they supported BTC only so they could crash it later... Like in a few days time.

Thanks for the heads up. Bloody elite want to enslave the world :(

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Nothing new there. Been happening since the dawn of time. It is :-(

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Another excellent article along the lines of "What happens when those in control decide enough is enough flip the switch to the off position"

https://steemit.com/bitcoin/@pawsdog/is-bitcoin-really-decentralized-or-are-we-being-led-like-lambs-to-the-slaughter

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@pawsdog Good article. Thanks for sharing an interesting perspective.

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haha! Yep, that's about the size of it ;)

Bitcoin cash vs bitcoin core. There are many big agenda behind two this big brothers. Bankers do not want to lose control of their power (money control) so they want to make ruin bitcoin, but in my opinion they can not control enough to ruin blockchain and crypto lovers.

I think they should reconsider making "friend" with blockchain system and crypto lovers, rather fight them. Too many creative computer experts, bankers can not control our mind. The field creativity can not be limit also many people get advantage with blockchain system (this field make new kind job oportunity that we even did not imagine in the past time). They (banker) also forgot blockchain system is not merely bitcoin. Bitcoin is prototyped, just look the development of blockchain, there are Ethereum, Dash, Steem, XRP, Bittshares etc. That is my opinion.

One point, we should respect for the presence of bankers because our money was controled by them, but our mind is not their property.

I too am a newb crypto buyer. Your article seems to support a post I wrote three weeks ago when I came across a video describing a bitcoin take down by the chinese and bitcoin cash coming up as the replacement.

I'll link my post since it has the video, and I also found and posted the forum thread and corresponding email for quick reference. https://steemit.com/bitcoin/@aboutyourbiz/fud-or-real-conspiracy-to-destroy-bitcoin-and-bitcoin-cash-to-take-over-or-bch-usd2500-all-time-high

I had made the post because I don't know much about crypto and was hoping someone might have thoughts or more information. Then I did see a few posts others made about the same forum posting, so there was a little discussion but not a lot that I saw.

I did a google search for dragonslayer and several results have turned up so I think I'm going to go do a little looking into the results.

I did have one question though, why not move your crypto holdings into bitcoin cash rather than remove them completely? Is that on the recommendation of Angel of Crypto or your own comfort level?

I suspected something was fishy... almost 2 months ago, when I heard about the huge power consumption of bitcoin, I pulled my money out of bitcoin into more sustainable options. I cannot support this network anymore.. this is not what I signed up for!

High Quality post, my friend. I shall be sending the link to several people whom I know to be on the fringes of cryptocurrencies.
Hope all is good for you and the family in Bali. I hope to get there soon to see my cousin who has a house in Sanur.

@samstonehill very meaningful post about bitcoins

Welll done my friend upvoted

Why we need this anonymus figure for this message? Let's meet again in 5 days.

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Looking forward to that ;)

Wow, that was truly informative, I think the media these days, as you have pointed out, has hyped things out of proportion. I for one am moving away from Bitcoin, I can't see this going past the current rate.

I have a friend at school that has been down on Bitcoin and cryptocurrency in general. A crash like this would cause him to go into hyper "I told you so" mode.

I recently purchased a small amount of Bitcoin and was surprised at the transaction fees and how long it took to complete. Something clearly needs to be done. Thanks for this well-written post. Upvoted.

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Sounds like we have similar friends! Feeling a little bit excited with 1 day 20h to go...

@samstonehill,

Salutations! JaiChai here.

RE: Your Post

My, my, my...you have become quite the cryptocurrency pundit, my friend.

I am sincerely impressed. Good on you, bro!

You're spot on about the cleverly camouflaged, vested interests of the major players.

Great post!

May you and yours have another wondrous day in paradise.

Namaste, my friend.

JaiChai

P.S.

Please tell @chron that I am delighted with his wit and wisdom. In him, I believe my sarcastic humor has met its match, no?

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I'm pleased you enjoy chron's wit & wisdom. Indeed, he is the wisest teenager I have had the pleasure of knowing. And am pleased to see him doing so well here now.

Hope all is good with you my friend.

Namaste

This is fascinating and terrifying and exhilarating all at the same time. The entire crypto world is amazing, and I suppose, depending on what happens, I'll look back and be glad I was too poor to have much money in crypto or I'll watch the change of guards as the clever shape the landscape and become the kings. Thank you for this post. I'll be excited to hear more from you and your friend. upvoted and followed.

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Good to meet you here. Exciting times indeed.

Will be keeping a close eye on the markets over the next few days...

Great article! So have you asked your friend about what he thinks will happen to ETH?

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Everything will recover ultimately so in the end there's not much to fear. But you may be able to increase your holdings if you sell and buy back in at the right times...

thank is a shocking news. But the rise of the Btc price is either good and bad at the same time. bringing fear of being dump. lets see how things is going.

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It will recover even if it is dumped but the future beyond that is a question still...

Thank you. I woke up to your article and everything you said made sense. Thanks for the warning.

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My pleasure. Good to see you here!

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Thank you.

Dragonslayer is a great way to expand your business acumen with myth and the mysterious world of bitcoin.

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It's like something out of a film hey! All so exciting ;)

blockchain has come to stay, if bitcoin crashes other coin will rise, the only advise here is to invest wisely

Are you the Dragon Slayer? If enough people believe that BC will fail in four days and sell as much as they can in this short period...

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Good point. Our fear of this could create the very thing we are afraid of. Like I said, I'm no expert. Just repeating what I was told by someone who has dedicated his life to understanding it.

If only I was the Slayer!

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Last couple of evenings I have been looking for articles where a person in or close to the loop would share their insights. I enjoyed your take on the situation very much and in fact read it twice.

My Crypto journey has been only days long. But what I have gathered, it looks to be in the wild-west-goldrush-dotcom state. Many many very smart people are scheming how to make their fortune with it and how to beat the system when there is still time. Hundreds of different cryptos, with Genesis owners holding ~50% and hoping that their idea is the one that goes viral and makes them Croesus rich. Others angling to position themselves in the floodgates, creating (corrupt?!) exchanges. And then there are the clients or users or investors, who are traversing this minefield and hope that some of the scraps also fall onto them.

According to your friends theory we are in the middle of a tribal war and our true masters will be clear after the dust settles - the old money or the Chinese corporate. Or maybe somebody even smarter, who is playing them both.

I don't even know why am I ranting. Maybe in the hopes that somebody rational and knowledgeable would chime in.

Congratulations @samstonehill, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 976 and the total pending payments to posts in this category was $3684.31. To see the full list of highest paid posts across all accounts categories, click here.

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