Oh Shit! - Bitcoin is Rekt!

[RawDog]

Well, looks like that SegWit plan didn't go so well.  Everyone is leaving for big blocks.  Last one out, please shut off the lights. 

What to do now? 

The later you sell your BTC and buy BCH - the worse it will be for you.  The blind faith believers will get screwed the most.  Still love BTC and Greg Maxwell?   lolololololol!!!

[Beerwizzard]

By the way can anyone explain this chart: https://fork.lol/pow/hashrate
Does it mean that miners are switching to bitcoin cash? Is there any news about any major BTC miners or the total amount of bicoin miners? Just curious if it is losing their support or not.

[smartbitcoininvestor]

Bitcoin Gold coming out in 12 hours is about to complicate things even more.   I have a feeling something similar will happen with it.....and since it is technologically superior than Bitcoin Cash I guess this was bound to happen.

I'm going to scoop up some cheap BTC in the morning. Ciao

[bristlefront]

Don't worry since it is just temporary. It just gives traders time to buy a low priced bitcoin before it goes up again and give them to earn more profit. Maybe after an event about bitcoin, the price will grow again and it will be a good news for traders who holds the said currency.

[Kprawn]

Can anyone explain me: why BCH? There was no such a big demand before the "fork" (and even after the previous one) thats why I don't think that all of that people are coming for the bigger block size. There is a lot of coins that could get a good pump after the fork get cancelled but why da hell people chose BCH?
It wasn't traded that mutch for the last time and got such a bug pump at once. Like someone planned to do it  

The other side was slowly buying Bitcoin Cash, because they knew that they were going to pump Bitcoin Cash if SegWit2X tanked.

If they bought a lot before this, people would have picked up on this and they would have made less profits after the pump. These

guys are just waiting for the Bitcoin Cash price to skyrocket and then they going to dump like crazy. The inner circle will get the

green light to dump and the people on the outer circle will be left with the worthless Bitcoin Cash. Then they will move to the next

Alt coin {buy cheap and pump}  

[Dummsaus]

I had 7.2 BCH, and I gifted 4.2 away, not knowing it would be worth much more soon.
...I wont become rich in my life...but I have a heart. And it feels well.
So why do moose around because of your BTC? Enjoy.

[wilhb81]

It goes to $5000 again and I think it is time to buy bitcoins again. This is temporary I think since bitcoin will rise again once there is another bitcoin event. Another day to buy bitcoins and gain profit after several months. Some bitcoin traders will be happy again not only me. Hoping for $10k price next month.

Yup, it's another chance for the BTC long-term investors to buy at US$5K again. The cycles of Bitcoin is always like this, so I won't be surprised at all...

For those BCH's traders - now is the party time 

[perrysaico]

At first,, i think Bitcoin is still fine. But seeing this price dive is a bit alarming.
Nevertheless, I still have faith in BTC!!

[EtihadBitcoin]

What is this craziness with BCH?

I am watching the price for only 20 minutes and it rose from 0.333btc to 0.499btc

What is driving it to go so high and bitcoin to just sit there?

Just unreal to watch it before your eyes kneel over and die like that.

[RawDog]

What is this craziness with BCH?

I am watching the price for only 20 minutes and it rose from 0.333btc to 0.499btc

What is driving it to go so high and bitcoin to just sit there?

Just unreal to watch it before your eyes kneel over and die like that.

BCH is the same Bitcoin that you've known since 2009.  BTC is Bitcoin with some unstable weird shit (segwit) added on.  SegWit made the network fees super high (>$10) and the transaction times super long (1 week, 100,000 unconfirmed).  

The people voted with their feet.  I hope you didn't wait too long.

It doesn't take a genius to understand that BCH will win that fight.

[equator]

Can anyone explain me: why BCH? There was no such a big demand before the "fork" (and even after the previous one) thats why I don't think that all of that people are coming for the bigger block size. There is a lot of coins that could get a good pump after the fork get cancelled but why da hell people chose BCH?
It wasn't traded that mutch fr the last time and got such a bug pump at once. Like someone planned to do it  

Big Money and Big Miners and Big Merchants no want segwit.

They left note.
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

AFter reading the link post given by you, it is clear that it was planned to sell btc and buy bitcoin cash so that switching from Bitcoin to bitcoin cash will become easy and in the end bitcoin will go to dust and bitcoin cash will gain the position of BTC. If properly reading the post the same thing is happening and from 3 days back as expected they have started to sell btc and buy bch/bcc and now they will very soon kill original btc and bch/bcc will take over it.

[degaga15]

I think it works, look at the very rapid decline in bitcoin that yesterday is still $ 6800 now about $ 5645. many are big losers.

[Kloug]

War is over, BCH has dipped at 0.5 as predicted, celebrate & buy BTC while it's still cheap!
(I wish I could, but I still got out with 1 free BTC out of 2 through that BCH crap)

[trinketmage]

I think it works, look at the very rapid decline in bitcoin that yesterday is still $ 6800 now about $ 5645. many are big losers.

BCH has just lost 1000$ within minutes. Yes, many are loosers right now

[trinketmage]

Can anyone explain me: why BCH? There was no such a big demand before the "fork" (and even after the previous one) thats why I don't think that all of that people are coming for the bigger block size. There is a lot of coins that could get a good pump after the fork get cancelled but why da hell people chose BCH?
It wasn't traded that mutch fr the last time and got such a bug pump at once. Like someone planned to do it  

Big Money and Big Miners and Big Merchants no want segwit.

They left note.
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

AFter reading the link post given by you, it is clear that it was planned to sell btc and buy bitcoin cash so that switching from Bitcoin to bitcoin cash will become easy and in the end bitcoin will go to dust and bitcoin cash will gain the position of BTC. If properly reading the post the same thing is happening and from 3 days back as expected they have started to sell btc and buy bch/bcc and now they will very soon kill original btc and bch/bcc will take over it.

If this is legit, then wow. A dark and sinister plan to kill off BTC. And for what? The answer is right here:

"Eventually if Lightning Network ever makes it they will suck out the revenue from Bitcoin miners into their own pockets"

These people don´t care  about bitcoin, they only care about their money. Let´s take the next quote-worthy example:

"...investors (or really we should call them gamblers), who have been buying into the Legacy Bitcoin over the past 2 months will lose their money if they do not sell their holdings over the next week or so. In reality they deserve to lose their money as they were buying into a worthless coin without doing their research"

"People who sold their Bitcoin Cash after the fork instead of sensibly holding both coins and waiting for the eventual outcome will also be left with nothing. This will teach them for not doing their research properly and believing BlockStream/Core propaganda"

So basically, BCH proponents decide who is worthy to keep their money and who is unworty and deserves to loose everything. Wow, disgusting. A movement driven by greed and hatred.

[darthmaul]

I think its time to pull your sleeves and get more bitcoin aint it mate! Oh wait BCH is also pumping some how, and what should I do, should I go into BCH or BTC. Dam another tricky day for the crypto lovers. I believe bitcoin is just being as stable as rock on the sand and nothing can move it drastically and its not BCH shit for sure. So better wait for the bitcoin to come down little more and then buy it as much as we could. This drop in price of bitcoin is same as going from 4K to 2.8K and then again jump back to 5k plus as we saw last week. Now it is the time it could go crazy 10K soon. Better wait little more and hold that buy button to buy dozens of bitcoin if you have that potential. Crazy profits once more and the market is pumping soon.  

[Kloug]

BCH has just lost 1000$ within minutes. Yes, many are loosers right now

I wouldn't cry for them. Now let's hope that whoever stole all the money from greedy BTC owners, will put it back in BTC now.

[trinketmage]

BCH has just lost 1000$ within minutes. Yes, many are loosers right now

I wouldn't cry for them. Now let's hope that whoever stole all the money from greedy BTC owners, will put it back in BTC now.

The only winners here are the whales and big manipulators. Yeah, let´s hope things consolidate in favor of BTC

[nagatraju]

I think this is a temporary decline and should not panic...it should grow more

[drwhobox]

Well, looks like that SegWit plan didn't go so well.  Everyone is leaving for big blocks.  Last one out, please shut off the lights. 

Yea, but, that's a bit normal for a cryptocurrency's markets. Hopefully Bitcoin's price would recover soon. most of the things that are happening with Bitcoin cash is pump only mostlikely some big hodlers would dump their BCH to BTC after a long time. We'll see