Isn't it caught in the crossfire because BTC hashrate is being used to support ABC? Genuinely curious as I haven't caught up with the drama.
Yes, AFAIK it is ABC who is receiving the hash power from bitcoin which resulted into a drop in the overall hash rate of the bitcoin network, though that's not enough to actually point a finger over what happened with the prices recently. Other traders surely have panicked when the price crashed lower than $5800 and everything started to crumble, and no, they might not have known about the drama between ABC and SV so it's somewhat wrong to assert that everything that's happening is solely the cause the petty drama between CSW and Roger Ver.
I was also the impression that Antpool and Bitcoin.com have re-routed their hash power from Bitcoin to Bitcoin Cash ABC that's why they have reported that they're winning the war against Bitcoin Cash SV.
i still don't understand why people think "bitcoin" miners redirected their mining power to these altcoins! BCH already had a big mining power coming from Antpool and Bitcoin.com and it remained that way. while SV needed to get power which CSW provided but not from bitcoin.
additionally if you check the hashrate charts you can see that when the fork occurred there has been no hashrate change for bitcoin. but after the price dropped the hashrate went down, and only a little which is logical since lower price == lower profit and not all miners can continue mining under those circumstances. and mining BCH and SV have been even less profitable (you lose money if you mine SV) so i doubt anybody bothered with it.
Whether or not the forks or the energy waste causing miners to go out of business because mining btc is no longer profitable.
https://www.blockchain.com/en/charts/hash-rateThe btc hash rate has declined
8/26/2018 => 61,866,256 TH/s
11/21/2018=> 40,349,972 TH/s
That is ~35% drop in less than 3 months.For a coin that promote it's energy waste and Hash rate as it's security, it now means btc is ~35% less secure than it was ~3 months ago.
Unless people decide to be honest and admit btc is secured by bitmain greater than 51% centralized control as it has been for years. FYI:
Blaming two people alone for an entire industry market crash is beyond asinine.
Blame the miners, Blame the buyers & sellers, Blame the tether scandal, and when you done with that ,
get a mirror and point your finger at yourself and then blame yourself for being the dumbass that fell for it.
After that you have now blamed everyone , and now can get on with your life.