Bitcoin Forum

Do you think that the last 24 hours are indicative of things to come over the next few weeks, or was that it?

I assume the BCH cabal made a ton more money and will simply keep doing these pumps until BTC is no longer worth the most/have the biggest cap and then Bitcoin Cash will be able to proclaim it is the 'true Bitcoin.'

The difficulty of BCH is expected to rise now, isn't it? I was thinking I had read that. Will those miners who supported segwit2 just keep mining BCH just to cripple BTC?

It feels like Ver and that group are almost doing something like a stair step type of attack. BCH is sitting over 2x it's recent price and that is the new jumping off point for a potential next pump. Then say they pump again from the $1300ish range and after that pump, BCH would sit at something like $1600. Could that happen over and over while Bitcoin slowly weakens at the same time and drops from $6200ish down to somewhere in the mid $5k range.
Just rinse and repeat?

How does this get stopped???

Hopefully this has simply solidified BTC and there won't be any more panic dumps and come early next week, the articles will be about how BTC yet again survived an attack against it and the value will rise again.

Neither miners nor anyone else can ever cripple Bitcoin. Bitcoin will be fine as long as there are users who will use it. For now Bitcoin is most used, oldest, most secure and most stable blockchain in the history of cryptocurrencies. Don't worry, it will not disappear that easy. Let the whales play, it doesn't matter in the long run. If you believe in Bitcoin then hold it, if not then sell it. Either way, nothing to worry about, no one can take Bitcoin away from you or other users if they want to use it.

We should all be here in it for the long run, so these prices right now shouldn't worry you. Bitcoin will either be worth some fraction of a million dollars or nothing in few decades. All of this is negligible and is speculative on will the cryptocurrency take over or not, so kick back and think about the technology, the system, economy, mathematics and so on. Don't pull your hair out for every penny put or taken out of Bitcoin. It is either a revolutionary technology or a failed idea, nothing in between.

hashrate is meaningless. nodes can reject blocks out of bias for many reasons. and many have
price is meaningless. it goes up, it goes down. its speculation. 10 tokens at $1 is the same as 1 token at $10. the net result is the same for fiat profiteers.

all that ultimately matters is what coin people use, accept and handle day-in day out.

EG
myspace had the biggest user adoption of any site. but then when people realised something else can handle their needs better. it didnt matter that myspace came first, it didnt matter that myspace was popular. all that matters was UTILITY

so just keep an eye on what coin things like coinbase, bitpay, gyft and xapo accept as the real world merchant acceptance coin. then you can tell which coin is best

They are doing all they can to force this transition from BTC to BCH but I don't think they will make it.
They're big shots including Roger Ver (who apparently moved hundred million $ worth of BTC in Bitfinex) and mining pools who stopped mining bitcoin, but the game is just too big to be manipulated like this for long periods of time.. it's like a terrorist attack on bitcoin, with multiple BCH promoters doing all they can all at the same time to destroy BTC.
In my opinion BTC will win.
What is sure is that once that happens, BTC will be stronger than ever.

It stop when Bitcoin Cash in #1 spot and core version of btc is dead in gutter.   ;D

Core btc coin too weak to live.  168681 Unconfirmed Transactions and rising.   ;)

Bitcoin Cash is Strong!!!   :)