Bitcoin Price Drops 22% in Four Days As Infighting Goes Public

[bbc.reporter]

I reckon that some people who are new to the cryptospace will start questioning what they have gotten themselves into hehehe. I also reckon that to some very serious investors, this infighting drama is considered a disincentive. It might be the reason why we see other centralized and premined cryptocoins like Ripple get more and more investors because they look more professional.

Will altcoins be the next destination for these new investors?



Some recent Bitcoin buyers have described trying to actually use bitcoin for purchases, only to run into the reality of the network’s absurdly high transaction fees. Those fees have risen steadily for years due to crowding on the network.

The long-running fight over how to fix the issue hit the mainstream as never before yesterday, when cryptocurrency pioneer Roger Ver appeared on CNBC. Ver was promoting Bitcoin Cash, a fork of Bitcoin created to address the digital currency’s scaling problems. Ver warned viewers that bitcoin could see “a mass exodus of people rushing for the door.”

Read in full http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/

[topper26]

And bcash is dropping now as well. Called a correction bitcoin is not on a straight shot to the moon. Shake out some weak hands, buy, hodl , watch the price rise, and repeat. Pretty much all coins are taking a dive except now ripple. Why? Well it was leaked yesterday ripple will be on coinbase soon.

[OgNasty]

https://www.youtube.com/watch?v=bw9CALKOvAI

[CryptoBry]

And bcash is dropping now as well. Called a correction bitcoin is not on a straight shot to the moon. Shake out some weak hands, buy, hodl , watch the price rise, and repeat. Pretty much all coins are taking a dive except now ripple. Why? Well it was leaked yesterday ripple will be on coinbase soon.

I think those people now heavily promoting BitcoinCash failed to see to see the problem with what they are doing...the market is not rushing to BCH anymore as they can be rushing away from the two. BCH wants to replace Bitcoin but their own future is also very much tied now to Bitcoin. I hate this kind of thing because all of this wrangling is not helping the cryptocurrency in general as we are killing each other due to self-vested and selfish interests. But I have no doubt it would still be Bitcoin that will be the winner.

[gentlemand]

Um, when was it not public? It's been out there forever.

The really interesting one is the coinbase element. They've really made themselves look like penises with this launch. It's hard to think how they could've done it worse. They've managed to offend just about everyone.