i think it is not a tragedy but maybe for people which sold their bitcoin to buy bitcoin cash, that is the tragedy. after 1st august, bitcoin is increase and now reach more than $3xxx so it means, it is good for bitcoin because bitcoin now can be strong to reach new level on the journey.
This tragedy is profitable in my opinion. Because we can see it now, bitcoin price is increasing and also move very positive.
Bitcoin prices are rising and bitcoin cash prices continue to decline rapidly.