Quote from: xtraelv on November 21, 2018, 03:34:49 PM

Quote from: basobulat on November 21, 2018, 01:55:57 PM

Quote from: MOBbrothers on November 19, 2018, 11:22:03 AM

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market. Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August. After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?

rumors of a decline that occurred a few days ago were caused by bch doing a hardfock, and it didn't succeed in attracting investors. so a war is carried out to reduce the price of bitcoin. yes this is like what I read in another thread.
I think this is a game to suppress our more panic, then they buy it with a very large amount.

Both ABC and SV are hemorrhaging with losses due to the cost of mining both (inefficient) chains. It is being funded by Crypto selloffs from all major Cryptos.

Bitcoin, Ethereum, Litecoin and others have all seen big drops in value.

https://i.imgur.com/m4BrudH.png

Bitcoin is also doing a correction from when the market was in full mania and the price was dictated by greed and speculation.
The adjustment allows for the lower cost of mining (some of the hashrate has moved to mining ABC & SV).

This war will wipe out large market caps and will reduce the wealth of the people involved in this "war". I believe that bitcoin hasn't seen it's lowest point yet. In the long term I do believe that bitcoin will win and recover from this. It still has the same utility and support and will provide an opportunity for people with long term vision to buy into bitcoin at a lower price level. (Allowing for good future increases)

I think ABC will be a neutered version of BCash and SV will just be another shitcoin that has its own toxic community and just won't die. (I predict SV will have a sucessfull 51% double spend attack by the end of 2019).

Craig Wright might be planning to do this for years - but the people that are financing this bloodbath will eventually come to their senses and concentrate on making money rather than throwing it away.

Once the markets really get back to normal with seperate ABC and SV markets the dumping of those coins will start.

Interesting times - usually the market peaks around Christmas.

Maybe a few a few weeks (months), the BCH will have more support and the price will rise. So the mining is not unprofitable. So it is more difficult to attack it.