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RE: How To Profit 📈 From The Upcoming Bitcoin Hark 🍴 Fork Of Bitcoin Cash vs Segwit (The Cryptoverse)

in #cryptocurrency7 years ago

Is it possible that the upcoming bitcoin hardfork it just a clever scam being done by some of the (said-to-be anti-segwit) bitcoin miners, as a way to profit quickly (with almost no risk) by doing the following...

  1. Forcing a bitcoin hardfork (with most people/miners supporting the segwit chain, with a small minority that say they are anti-segwit but may not care either way)
  2. Getting an equal amount of BTC and BCH after the hardfork (no BTC loss, only BCH gain)
  3. Selling off their BCH for BTC right after the split (something almost everyone else will also be doing)
  4. watching as BCH dies off rapidly and becomes irrelevant (due to pro-segwit supporters staying with the BTC chain, and anti-segwit supporters jumping ship back to the segwit chain, making close to 100% segwit support), in-turn making Bitcoin go back to a single chain (BTC)
  5. Sitting back and counting their money/profits as they gain on the # of BTC they have in total (so if they had 5 BTC before the split and sold the BCH they got for an extra 1 BTC they would now have 6 BTC), and then watching as their (recently inflated) BTC goes back to its normal price and likley far beyond it (making a quick profit with almost no risk of loss due to only gaining BTC (never losing), and destroying the BCH hardfork intentionally early so the original BTC price rebounds and continues up likely well past its initial price).

Anyways, just a thought that came to mind recently as this all unfolded so I would love your input on this if you get the chance.

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There is still a possibility (however small) that BCH will survive and BTC will die.