Bitcoin will die?

[SynAck]

Hello,

Looking at graphs from fork.lol (https://fork.lol/pow/hashrate) website, Bitcoin cash hashrate just doubled vs the Bitcoin core. It is currently at over 65% of total hashrate and growing...
This is very concerning because it will be very hard or even impossible to confirm transactions if this keeps going at this rate and more miners will switch to Bitcoin cash.
You might say that there will be 400% difficulty increase in BCH and all miners will switch back, but keep in mind there will be a fork tomorrow to fix just that.

So... I start wondering if this will be the end of bitcoin as we know it?
 

[soham]

A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.

[ployfit]

A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.

We used to call them whales, but they're the sharks now. They take huge risks and they will be rich at the end. We only watch the market. To me, it's not a permanent thing. They do this to make their BCH argument much stronger. That's all for this week's action.

[dimonstration]

A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.

We used to call them whales, but they're the sharks now. They take huge risks and they will be rich at the end. We only watch the market. To me, it's not a permanent thing. They do this to make their BCH argument much stronger. That's all for this week's action.

that was the thing that we are gonna do as of now but i dont even know that bitcoin will die this is just temporary and everything will be back soon we know that such a huge of pumping happen now in BCH , i may take the opportunity now to have some bitcoin but not totally because we cant say what will happen next after this happening of BCH and bitcoin.

[SynAck]

A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.

The price is tempting indeed, but all I have read on forums and news its not giving me any hopes at all.
I wonder what will happen when over 90% of the hashrate will be into BCH...
I think today will be maked in history as the beginning of the end, *I hope I am wrong*.

[harbin55]

i dont think so ... because no one can predict that because bitcoin have an own life the life of bitcoin is on supply and demand so if some one buy a bitcoin mean bitcoin is alive

[iv4n]

A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.

Well I will give you a clue, Chinese! This is a big and dirty game, you are right about that! What they doing is moving the money and hash power from bitcoin to bitcoin cash, now that slows down transactions making them more expensive and that is a long term trouble if mining power continue to fall down.
https://www.coindesk.com/confusion-euphoria-bitcoin-cash-30-billion-2000/amp/
Look at the names in this article, Chinese are creators of this and they are making huge attack on bitcoin, they did awesome move with joining miners and companies and they are very serious in pushing this trough. What can we do, what is smart to do? I really don't know.

[alani123]

Put simply, bitcoin can't die. Perhaps speculators are no longer seeing potential in a further price rise for now, and hence profit taking has started applying selling pressure. However, bitcoin doesn't cease to be a useful utility with quite a bit of demand from real users backing it up. Even if the price falls a great deal that doesn't mean that bitcoin would die.

[mabell943]

i dont think so ... because no one can predict that because bitcoin have an own life the life of bitcoin is on supply and demand so if some one buy a bitcoin mean bitcoin is alive

im agree with you sir bitcoin will live forever also in the future.

[SynAck]

i dont think so ... because no one can predict that because bitcoin have an own life the life of bitcoin is on supply and demand so if some one buy a bitcoin mean bitcoin is alive

Bitcoin life is as long there is someone to mine it and include transactions in mined blocks for confirmation.
If 90%+ of miners move to another coin like BCH in this case, I see only cloudy days even maybe end of it *hopefully not*.

We have now 177k unconfirmed transactions and growing by the minute...

[Almat]

Miners move to where it is profitable. BTC will be more profitable for them again at some point, so they will abandon BCH. This is a temporary thing, do not worry about it.

BTC is back on top btw. BCH was artificially pumped and was therefore doomed to fail.

[Restmand]

Hello,

Looking at graphs from fork.lol (https://fork.lol/pow/hashrate) website, Bitcoin cash hashrate just doubled vs the Bitcoin core. It is currently at over 65% of total hashrate and growing...
This is very concerning because it will be very hard or even impossible to confirm transactions if this keeps going at this rate and more miners will switch to Bitcoin cash.
You might say that there will be 400% difficulty increase in BCH and all miners will switch back, but keep in mind there will be a fork tomorrow to fix just that.

So... I start wondering if this will be the end of bitcoin as we know it?
 

the dying of bitcoin will not draw in my mind. if you see the history of it everytime its fluctuating and every time the price is dropping low many of them were panic and they used it to sell. but others regret it . bitcoin have many problem was encountered and its always survive. as of now the bitcoin is number one among all the cryptos taht was really have an expensive value and its have faster transaction so i dont think that bitoinc will die and i hope that someday bitcoin was a mainstream

[s31joemhar]

Some people were asking about the downfall of bitcoins or desth of bitcoins as per my own opinion there is a possibility that the bitcoins will die but as of now it would take alongbperiod of time for it to die.

[Granxis]

i dont think so ... because no one can predict that because bitcoin have an own life the life of bitcoin is on supply and demand so if some one buy a bitcoin mean bitcoin is alive

Supply and demand are gold for trade, but what will be the demand for less? Bitcoin was so strong against the manipulations that his confidence was shaken by the manipulations.

[mOgliE]

You can consider that you have the answer to your worries as in fact, the fork didn't happen.

Still, you can claim that further fork may happen in the future.

But actually, this is the way btc is. Constantly changing, evolving, offering new "forms" of itself...

I think that we are still far from using all the technical appliances possible to mine btc. Just leave it some time to get started and further forks shall not worry you! 

[pentol86]

bitcoin is rules for other coins. bitcoin is creator, just because some minners move to mining bch, not make bitcoin die.

[rafajunior99]

Some people were asking about the downfall of bitcoins or desth of bitcoins as per my own opinion there is a possibility that the bitcoins will die but as of now it would take alongbperiod of time for it to die.

I think you are wrong for that, Bitcoin will never die, because if you experience something like this with Bitcoin do not worry, because this is only temporary and just an investor game, so in my opinion bitcoin will show the highest point in December or January. . 2018, so let's see how Bitcoin works for the future.

[Taki]

My position stays the same at this point - bitcoin will not die, everything is going to it's mass adoption and acceptance, so there are no talks about it's death. Yes, the price is dropping, but all of hat is just a speculators games, don't be hooked on it and don't panic 10000$ per BTC by the end of the year!

[cybersofts]

A big and dirty game is going on by the sharks and we are just trying to guess what may be the reason. But we don't have any clue. With the recent price increase of BCH, I expected that many miners will move to mining BCH as the difficulty is low compared to bitcoin and the price is also skyrocketing. So many people get to earn some good amount of money till the time difficulty is manageable. However, I don't think bitcoin will die in any way. It is just having some difficult time and we all have to survive it together. The current bitcoin price looks tempting to me for buying more but I just want to wait and watch for some more time to properly understand the trend.

We used to call them whales, but they're the sharks now. They take huge risks and they will be rich at the end. We only watch the market. To me, it's not a permanent thing. They do this to make their BCH argument much stronger. That's all for this week's action.

that was the thing that we are gonna do as of now but i dont even know that bitcoin will die this is just temporary and everything will be back soon we know that such a huge of pumping happen now in BCH , i may take the opportunity now to have some bitcoin but not totally because we cant say what will happen next after this happening of BCH and bitcoin.

Jihan Wu and his company Bitmain were trying to play the big game for switching to bitcoin cash mining.
There were over $700 million transactions stuck for hours on bitcoin network waiting to be processed as a result of that, but don't worry everything will be over soon.  

[nanaliepaloma]

of course not. The price of bitcoin mostly as of now depends on the law of supply and demand and we can all say that bitcoin is the most used cryptocurrency as of today and that alone is enough to make it stable for a very long time.