Bitcoin under attack.

[rockyfeller]

I was going through news and articles on reddit and I find out that people are saying bitcoin is under attack and there was no any useful information about this! Please is bitcoin under attack as it has fall below  $16,000 and loss over 13% in just 24 hour.

New Users or Newbie players are on panic, news are always spreading rumors and fud news. but always remember the technology of bitcoin/blockchain. it can't be hacked by anyone. bitcoin is healthy as wel but the fee is getting expensive that's why news are spreading fud news

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[Oceat]

I was going through news and articles on reddit and I find out that people are saying bitcoin is under attack and there was no any useful information about this! Please is bitcoin under attack as it has fall below  $16,000 and loss over 13% in just 24 hour.

New Users or Newbie players are on panic, news are always spreading rumors and fud news. but always remember the technology of bitcoin/blockchain. it can't be hacked by anyone. bitcoin is healthy as wel but the fee is getting expensive that's why news are spreading fud news

This is nothing new to me and i think you will find it everywhere were people are keep on worrying even if they didn't know what actually is happening. Bitcoin is always under attack by people who are making FUD so that it will create a panic to some users and they will tend to sell it even if the price is cheap so that they can buy if the price will go down.

[AK47-]

Bitcoin is always under attack, and always comes back stronger. HODL!

This kind of mindset leaves unknowing people broken when the time comes that everything around them crashes. It's true that 2017 has been the year of the bulls, but who knows what we have in store for 2018? It's not that I don't have any kind of belief in bitcoin but come on, it isn't as if bitcoin is always going upwards forever. We may have entered a bear market already for all we know as previous resistance levels on $16k has been breached easily. Brace yourselves, this might be a bumpy ride from here on out.

As for "under attack", it could be a result of all the money pouring into BCH right now as Coinbase officially opened the floodgates for people to buy and trade it on their platform. Idk much about what happened  but apparently, everyone is riding on that same hype.

So you think there’s nothing unusual about 250,000+ unconfirmed (large % spam) transactions?

This is a complete scheme being driven by BCH's Roger Ver and Coinbase. You have noticed that when BCH pumps, miners start shifting towards BCH and an intended and large backlog of transaction happens while pumping BCH to heights. This time Coinbase also joined the party and was accused of insider trading. Bitcoin has always been under attack, game has only gone dirtier now.

[error08]

We can speculate about huge backlog on blockchain as an attack to bitcoin, but there is no way to be sure about it, every transaction is valid and miners suppose to process it into blocks, but there are a game about it. Miners, especially in China, have switched to mine bcash, waiting for bitcoin fees increases and difficulty decrease, then get back to mine bitcoin again. Well, it just a theory, but it's make sense due to bitcoin and bcash hashrate swings following the price movement.