The community is only 13 days old. Frequently I see post on all from either the mod or new accounts all ranting about bch or related sites and they’re all super excited to tell you about it. I mean look at the pinned post and replies for goodness sake.
All new accounts. All just loving bch so much and super excited to tell you about it. A lot of the posts have strikingly similar formats too. Like bold sub-title paragraph of text and repeat. Reeks of botting/astroturfing. Just me or nah? Im going to post again regarding lemmy being cool with bots auto posting links to off site frequently, but that’s a rant for another day.
I love the idea of cryptocurrency, Bitcoin is a genius innovation. Bitcoin cash on the other hand is garbage. It’s a case of people who simply need to move the fuck on… It’s a dead fork, there’s nothing there. The real Bitcoin is over this way and there’s absolutely no reason to be holding onto that shit.
Some of those might even be real. Telling the difference between a bot and an altcoin fanatic is the hardest turing test.
I thought that was just a scam bot community in general just because I don’t trust cryptocurrency communities in general, so I guess so.
Edit:
Looked at the images and most of the usernames in the first image look like they’re randomly generated rather than organic usernames, which to me screams bot accounts.
Literally every crypto community on every platform is 99% bots.
There’s been a couple of replies saying this. The point of the post was to make sure and raise awareness. Appreciate the input either way.
The same people who love crypto love AI. It’s all lazy people looking to make a quick buck by lying to and manipulating others.
Even by crypto standards, Bitcoin Cash is dodgy. Its origins were a temporary hiccup in the Bitcoin network which forked the blockchain into two branches. As blockchains are designed to tolerate this, the network quickly decided that one branch was worse than the other, so everything switched to the good branch and Bitcoin continued chugging away and consuming enough power for a small country. However, a few people were cross about this because they had more Bitcoin on the dead branch, so manually configured their wallets and mining hardware to use that branch, and tried encouraging other people to do the same. That didn’t work. They then decided to provide a preconfigured wallet and mining software that would prefer the dead branch but claimed it was its own new cryptocurrency and everyone who had Bitcoin already would get some of the new one for free, and that was enough to get some people to sign up.
To be fair Bitcoin had, and still has, the problem that Bitcoin Cash solved, and it’s a ridiculous problem that shouldn’t exist, created by an artificial limit that was put in place to avoid an attack when Bitcoin was extremely cheap. But because the people behind Bitcoin core were so adamant against it they now can’t turn back and implement the same fix that the people behind Bitcoin Cash were proposing.
Bitcoin died as a currency back in 2017 because of it, it’s still an investment and a proof of concept, but it will never be a currency again.
Probably, but don’t let it distract you from the fact that crypto has boomed, almost on schedule, every 3-4 years over and over again.
Buy in a dip and hold.
That’s not how markets work. You can not predict what they will do next based on what happened before. In general you can not predict a market without insider info and/or manipulating it.
That’s not 100% true. One can make educated guesses based historical patterns. Here are a couple of examples.
For instance, in 2008 when the markets crashed, the travel industry crashed harder and oil stocks tanked. The same happened in 2020 and the oil stock I bought at a 90% discount paid off my student loans a few years ago after the rebound. (Thanks, Permian Resources.)
Another, you can follow the portfolio of a federal legislator like Nancy Pelosi or Ted Cruz, because for them, insider trading is legal and they profit handsomely from it, and when given the opportunity to make it illegal Congress always votes it down.
You’re right that things can never be 100% predicted, but we can make educated choices based on historical info, yes. This is why every mutual fund page you look at gives you the name and tenure of the fund manager.
To play devil’s advocate, the instance itself appears to be created around 15 days ago (~3 or 4 Jan 2025), so most local accounts will be less than that age, and no one would sign up on that instance if they weren’t enthused about cryptocurrency.
Chances are it is a solo/small bot operation, but without context I can’t rule out that perhaps a community from somewhere else could have migrated. Either way if it becomes too obnoxious, the instance can be blocked client side or de-federated.
I would assume even if the comm was new if it grew organically, older accounts from other instances would filter in as well.
Most people on the fediverse hate crypto
Federation can make some communities not show their posts properly which would be a reason why there is little outside engagement. See how this comm looks on lemmy.ca: https://lemmy.ca/c/bitcoincash@realbitcoin.cash
Not that I know many that would be interested to begin with.
Fair point I do often forget about federation delays.
I haven’t even heard of that entire instance. Looked and it doesn’t seem like my instance is defederated either
It does look fishy.
This probably explains the post I saw last night about Roger Ver. I was wondering how a post about a Bitcoin cash shill hit my All feed.
