This post was co-published on my Reddit account
If Bitcoin goes down, it takes all the altcoins with it.
Frequent checking of the BCH price against BTC will reveal that BCH became even less valuable against BTC as it fell.
In other words, when Bitcoin contracted, Bcash contracted worse. The Bcash attack backfired in a big way. And as the BTC price has recovered, the BCH price made a smaller, but still significant, recovery in its wake.
A rising tide lifts all boats, and a falling tide sends all the boats crashing down.
If you want your altcoin to succeed, attacking Bitcoin is entirely counterproductive.
I hope we all learned our lesson.
