People are running for the hills, because they think the sky is falling and this is the end of Crypto currencies.
This whole spectacle has started with the FUD that are being spread in mainstream media and the supposed "war" that is happening in the Bitcoin world.
We can thank Roger Ver and Craig Wright for this, because they are the people who are fuelling this
BITCOIN CASH war, with the upcoming
BITCOIN CASH fork.
The dumb
speculators do not know the difference between BITCOIN <BTC> and
BITCOIN CASH , so they see blood on the street and instability, and they start to panic.
There is also confusion about
some of the Bitcoin <BTC> hashing power that might be shifted to support one of the forks and to create a scenario where a specific fork would be sabotaged to enable double spend attacks.
All of this is causing massive confusion amongst people <speculators>, who does not know the difference between Bitcoin <BTC> and
BITCOIN CASH and now the real Bitcoin is suffering because of that.
We will see a correction after the fork, when these idiots realize that the sky is not falling after all.
https://www.forbes.com/sites/cbovaird/2018/11/14/what-triggered-bitcoins-sharp-price-plunge/#616be24e1d66I believe it's funny people mention it, price went to nearly 20k and prices are still very high compared to ever.
Roger ver just went apeshit and craigh wright became crypto famous by bullshitting, the only positive thing I see about bch is that bitcoin is a bit easier to mine, interesting to see what a few whale bags can do.
Also, the fear about a hash bigger than bitcoin's current is there since always, fear used to be towards government's, now we have a bitcoin clone attempting to steal it's hashpower. The probability of someone investing so much money into hashpower to just disrupt the network for a certain amount of time is small since working for the network would probably make them more profits at long term, I think the nodes can reject a miner by mac or ip? might be wrong I has no idea about it.
So when we will have our first not money driven terrorists?
.