BitPico Ready to Launch a 51% Attack on Bitcoin Cash: Bitcoin Cash (BCH) Technical Analysis (June 28, 2018)

There is a supremacy “war” going on between BTC and Bitcoin Cash but the common thing is that both are bleeding. At current prices, $600 is but some ticks away and that means caution since there have been reaction at this level when we point out Bitcoin Cash daily price chart. Today, I propose staying neutral with the usual bearish skew. That’s unless there is a spike breaking above $850, our immediate resistance line which also doubles up as a bull trigger line.

So, just like big banks-whose failure can cause an economic meltdown-are subject to stress tests, BitPico plans to unleash their attack nodes. Their overall objectives are simple: stress test Roger Ver’s Bitcoin Cash network.

BitPico are a group of developers who are clearly-pro Bitcoin (BTC) and with their planned attack, they are ready to show the whole world how “easy it is to take down the Bitcoin Cash network” and make “Roger Ver Cry”. This seems to be a retaliation and a show of proof following Bitcoin Cash claims that they indeed did their own stress test. In their response, BitPico says their independent tests will go on to show how Bitcoin Cash is “centralized and controlled”. Already this promises to be an interesting event. Like all stress tests, the results following this intentional attack would reveal the depth and robustness of the Bitcoin Cash network.

We've created a @github repository for the Stage 1 #bcash $bch network test toolkit. https://t.co/X5hHXoWJSf Hopefully others will compile and help test once pushed. We expect 1 stage every 28 days until all 3 stages are running in-parallel. #cryptocurrency #cybersecurity