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 are trying to play the big game here 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.
So maybe we can could assumed that it maybe a coordinated attack by Bitcoin cash people. Yes, Jihan and company really play it very well, networks get clogged, segwit2x cancellation, bitcoin cash suddenly pump, fud here and there. But as look at today prices, it looks like bitcoin didn't get any significant dent. Well initially it has, but it keeps getting higher as well and bitcoin cash dropping. So I don't think that bitcoin will die with this attacks from bitcoin cash. It will continue to live more and has a bright future ahead.