Quote from: deisik on August 25, 2017, 06:56:00 PM

Quote from: alyssa85 on August 25, 2017, 10:40:37 AM

Quote from: Cranidos on August 25, 2017, 10:11:31 AM

What would it take to make Bitcoin's value to drop again? A new hard fork? whales dumping coins? anything, I just hope Bitcoin to drop tremendously.

One thing that might do it is the congestion in the bitcoin network. The number of bitcoin transactions per 24 hour period has dropped to about 209,000, down from 250,000, and the backlog has increased.

If this continues, people will just give up using bitcoin and use litecoin, ether or bitcoincash to move money.

If there is a choice people won't use BCash

The reason should be obvious. If people choose to switch away from Bitcoin, Bitcoin Cash is likely the worst choice possible since it has the same miners behind it as behind Bitcoin mining. It would be like jumping out of the frying pan into the fire directly. Why would miners behave differently with BCash if their primary goal remains the same, i.e. earning highest possible profits? Litecoin seems to be hands down the best option for people going away from Bitcoin and its incessant controversies and infighting

In this case I would migrate to LTC and I think many people would do the same like always... When BTC network start being congested people migrate their transactions to AltCoins like ETH, LTC or DOGE and I hope it continue this way... If Bitcoin Cash becomes strong I think it won't be good for Crypto-Currency in general. The way that currency was created didn't seem nice.

About the BTC price I don't know why it's so high yet and continue increasing, I thought it would drop hard days ago when it reached to about $3600, but recovered too fast... Unpredictable.