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Hodlers committed to the asset will sell the forked asset and buy more of the original asset as soon as they own it, driving the price down. This effect is what killed b-cash. I hung on to that trash for about 10 seconds (or whatever the transaction time was).

Scoresby 1y ago

Happy to hear you were able to sell it all. I'm still surprised people are willing to pay for it.

But I think the price changes had more to dowithh people seeing it for what it was and refusing to trade very much to get it, rather than you and others "driving the price down".

When you sold your bcash, were the buyers dumping dollars?

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Discussion

William ₿ Travis 1y ago

I sold the b-cash the day it was issued. I can only speculate as to why people were buying it. it was obvious even then that Roger was a scammer. I suppose they believed it would be more successful than it was. I know I was one of a very many bitcoiners who sold as fast as possible.