The skin-shedding season looks to be here with Cobra, a pseudonym for the co-founder of Bitcoin.org and Bitcointalk.org, once again changing his colors on Bitcoin Cash [BCH], this time reaffirming his original position that ‘Bitcoin Cash is dead.’
In a tweet posted on February 6, Cobra stated that the fifth largest cryptocurrency in the market is dead and that people who hold it should, “dump this worthless crap.” He further added that the coin had a chance at success but now has no momentum going for it.
Cobra, who refers to the cryptocurrency simply as “BCash,” greatly irking BCH proponents who want the term “Bitcoin” to be associated to the coin, further labeled the Bitcoin Cash community as “toxic.” Members of the BCH community have been very vocal in their support for the coin spearheaded by their biggest proponent and CEO of Bitcoin.com Roger Ver.
He also added that any Bitcoin Cash accounts on his twitter follow list will be unfollowed immediately.
His tweet in full read:
“Bcash is dead. Time to dump this worthless crap. Had a chance at success but momentum is now working against it. Toxic community. Will be unfollowing Bcash focused accounts on here. Good riddance.”
This jarring tweet comes less than a day after Cobra compared Bitcoin Cash to heroin and its November 2018 hardfork Bitcoin SV [BSV] to Fentanyl. He suggested BCH was as addictive as heroin due to its low fees and quick confirmations which will give users, “amazing highs.”
Furthermore, only three weeks earlier, Cobra expressed the same opinion as his most recent tweet, that “BCash is dead.” In the January 18 tweet, Cobra stated that Bitcoin Cash needs “new leadership and direction/purpose” or else its price will plummet to $0 in the next few years.
Several Twitter users were not very pleased with Cobra switching sides so quickly and they expressed the same in reply to his tweet.
A twitter user decentral tweeted:
“You are losing the credibility by your moves.”
Hayden Otto tweeted:
“Didn’t you guys say to dump it and it won’t survive when it split, around 1st August 2017? Why are you and others still obsessing over it nearly every day since?”
Another twitter user, Crypto₿acon – The Standard, expects Cobra to flip his opinion in the near future:
“This is the 3rd time Cobra has denounced bcash.
Next week Bcash SV is the truth.
Next month Cobra TBD”
Subscribe to AMBCrypto’s Newsletter
WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.
Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.
As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.
Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted
“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”
Another user @BITCVIX tweeted:
1min WAVES/BTC flash crash on Binance (from 5200 sats to 1 sat) pic.twitter.com/C9WAGyjwp9
— BTCVIX (@BTCVIX) April 17, 2019
TradingView commented on this matter saying:
“Something strange is always happening in the #crypto market”
Subscribe to AMBCrypto’s Newsletter
XRP shorts overtake XRP longs as USD shorts increase 85 percent on April 17
Gemini’s Winklevoss twins and Charlie Shrem reach settlement in long-standing Bitcoin deal
Bitcoin [BTC] will take another 22 years to regain its all-time high, says research analyst
What is USDQ and Q DAO?
Binance coin [BNB] registers growth over 5% following Binance’s DEX launch hint; XRP too spikes by over 5%
Bitcoin SV [BSV]: John McAfee ‘sues Calvin Ayre in four different countries’; vows to bankrupt him
Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson
Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson
Bitcoin [BTC]: Don’t buy into it if you are not ready to be rekt, warns Richard Heart
XRP takes another step into mainstream adoption as Skype hints a possible integration
Japanese ‘Amazon’ Rakuten opens registration for trading cryptocurrencies on Rakuten Wallet
Breaking: SBI Virtual Currencies delists Bitcoin Cash [BCH] in response to Binance’s Bitcoin SV delisting
Is John McAfee among crypto adherents who knows Satoshi’s true identity?
Bitcoin [BTC], Bitcoin Cash [BCH] accepted as payments by Corporate Traveller following tie-up with BitPay