Cointelegraph is a lying, market-manipulating fake news outlet run by scammers and bullies.

Cointelegraph: Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price

The tweeted out this hit piece twice within an hour:

Life's a BCH for BitcoinCash as the forked coin drops by 96.5% in value vs. Bitcoin (BTC) in 3 years, @noshitcoins explains.

Will Bitcoin Cash slide out of the top 10 cryptocurrencies? Things appear bleak considering it once was the third-largest crypto by market cap one year ago.

Have you seen them allude to the words "bitch" and "shit" in a tweet about any other coin before? In a bull market, they constantly try to pump every centralized exit scam on the planet, by lavishly praising its DeFi TeChNoLoGy and promising buyers insane returns with their rosy headlines. (They were also exposed for publishing paid shill pieces without marking them as such.)

They only hate the one coin that is sound, efficient, stateless money -- a fear of competition to the ponzinomics of useless tokens whose only purpose is speculation fed by their lies. Bear or bull, they've been attacking Bitcoin Cash non stop for three years.

Bitcoin Cash holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10

Implying that the only thing to be celebrated about Bitcoin Cash is its price and relative market cap position. No mention of its actual utility, permissionless fast cheap payments, anywhere in the article. They have no clue what Bitcoin ever was other than a get-rich-quick scheme.

After three years of continuous devaluation, BCH finally traded below 0.01 Bitcoin on Feb. 22. Besides being psychological support, it marks a 96.5% devaluation from its highest close of 0.285 BTC on Aug. 2, 2017. Even though both cryptocurrencies' combined hash rate was somewhat comparable at the time, it has since become a one-sided battle, with BTC's hash rate dominance now over 98% versus BCH and Bitcoin SV combined.

AKA trying to trigger speculators' fear and herd instincts with ominous wording and constant appeals to popularity (the only things that supposedly matter are price, price-induced hashrate).

As the data indicates, Litecoin currently has double the number of Bitcoin Cash daily active addresses. Therefore, the activity on the Bitcoin Cash network is more similar to that of Dash, an altcoin with a $2.2 billion market capitalization

They NEVER mention the fact that Bitcoin Cash's transaction count has surpassed BTC, here or in any other article. Or that it has no congestion and remains fast and cheap to use nevertheless -- an empirical demonstration that big blocks work. Let's ignore that historic flip and completely focus on active addresses as the ONLY metric to judge network activity, to suit the FUD narrative.

The VORTECS™ metric from Cointelegraph Markets Pro began dropping on Feb. 18, just days before the price peaked. The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from multiple data points including market sentiment, trading volume, recent price movements and Twitter activity. The score fell to sub-50 levels, and the drop in BCH price came four days later, losing the important $670 support level.

More appeals to popularity; also "technical analysis," a pseudoscience similar to numerology and astrology, used by the likes of Contelescam in an attempt to manipulate the market with self-fulfilling predictions.

This is the kind of malicious disinformation we're up against.

Don't trust a word these con artists ever publish. They're part of the massive propaganda effort against Bitcoin as peer-to-peer cash and a vehicle of economic freedom. Their business model is trying to keep this pump-and-dump market alive and milking it for all they can before it inevitably collapses and is replaced by one driven by fundamental value.

English is not my native language. I apologize if my phrasing is awkward.

submitted by /u/weepingswords to r/btc
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Quelle: bitcoin-en