What did they do with the BCH they got from the FORK?

We have been reading a lot about the possible shortening and suppression of BCH prices by crypto exchanges and unknown parties in recent times. many authors and commentators have suggested that the possible source for the manipulation of BCH price is due to a naked short selling of BCH by crypto exchanges. This means they are selling BCH they don't have just to manipulate the price by making it go down.

While looking at it and to know why they are doing it, the obvious reason I could deduce was that they have a long position in BTC even before the BCH fork. This means, most of this exchange got a huge number of BCH from the fork, and not only the exchange but the BTC whales as well.

The way that a fork work is that every holder of the primary coin receives an equivalent amount of the new coin on a ratio of 1: 1. This applies to everyone including exchanges.

In my opinion, I see this as the primary medium of suppression for BCH. Most of these exchanges and the BTC whales who got a full bag of BCH in the fork are still holding their BCH today primarily for the purpose of dumping BCH whenever it rose. So it's likely that anytime BCH is holding up the BTC whales starts liquidating their BCH and dumping it at will with a plan to buy them back at a future time. The BCH price keeps falling because Whales with big bags of BCH they got from the fork dump them on purpose to cause instability in the market.

According to a comment on a recent post on Reddit, Whales got almost 18 million BCH from the fork, and the majority of these whales are BCH oppositions. If this is true, they are using the free bags of BCH to force down the price of BCH by selling them when it's trying to pump. They don't care how low the price of BCH is because they got it for free and they are using the price to manipulate the BCH market just because they don't want to see BCH succeed.

Interestingly, I read elsewhere that some major exchanges in Japan and Korea blocked buying BCH orders at the early stage of the fork. However, it would be interesting to know how much of the BCH was dumped by these exchanges. This means they can potentially dump millions of coins intermittently and periodically for the sake of making BCH fail.

So I would like to call everyone's attention to the possibility that for a long time BTC whales and exchange are controlling the BCH market from behind the scenes and pushing the price down to achieve their selfish desires.

Although this is only my assumption, I would argue that the speculation and manipulative practices of the BTC whales and exchanges may be the reason for the fall of the continuous fall of BCH price and why some people are saying BCH is dead.

That has always been the disadvantage. If BCH had started from the ground up, with no one having any pre-mined free coins, everyone would have a fair shot at mining all new coins from the start, with the huge blocks, 0-conf, and everyone would get a fair amount proportionate with their efforts.

What we have now is a situation where there are big fat whales holding huge amounts of coins, and there are some exchanges that keep mining new coins and dumping them to drive the price down and all the way down.

Those exchanges are purposely driving people away from Bitcoin Cash. Not only is this disadvantageous to newbies who just want to participate in the Bitcoin Cash network, but it's also disadvantageous for the BCH ecosystem as a whole. This is an example of the kind of monopoly the established Bitcoin community is spreading throughout the cryptocurrency universe.

If BTC whales continue to dump coins and there is no significant resistance to their moves it will prevent people from using BCH. And one of the main reasons for BCH was to fight against such monopolization, that's why we had a fork from BTC. The BTC whales think they can turn BCH into the poster child of BTC and anything to do with BCH will be undermined because they don't like the notion that they could be losing control of a previously unchallenged system.

I'm not trying to say this was the sole reason for the continuous fall of BCH price, but I still think there is some truth in it. If BCH was not a fork, I feel BCH will be doing fine, because most people don't mind buying something that's not going to be disappearing in a few days and there is no price manipulation that could potentially devalue their coins.

In the end, I still hope Bitcoin Cash will find its own equilibrium price and find its own place on the markets. We shouldn't forget that in the long term the reason for Bitcoin's existence is to unite the distributed networks and communities of developers around the world, to bring forth a decentralized global internet with no intermediaries, and decentralize the entire financial industry.

This article is entirely from the imagination of the writer. You are free to disagree with what is written in the article. The only things that might be mentioned from a non-professional's perspective are some exchanges and massive waves of Bitcoin whales all dumped huge amounts of coins to drive the price down and damage the ecosystem and create negative emotion in Bitcoin Cash supporters.