Is Bitcoin going to Die?

I am just posing this question to know what other players think. The social media has already been filled with frustration as Bitcoin users have been experiencing the slowest transactions ever experienced in the network. I have been a victim of this last week. I made a transaction from Blockchain.info wallet to another wallet. The transaction took close to 3 days . This is now worrying as the transactions are also becoming expensive. This is not what Satoshi Designed!

Miners leaving for Bitcoin Cash?

This is already seems so. Bitcoin Cash is already luring Miners to their network which has higher returns. As you may guess, yes a miner will prefer the profitable one; Its business. This has seen the Bitcoin hashrate decreasing by 50%. This is a sharp steep.

hashrate.png

Hash rate dive from 8000 to 4000 in a few days

This is not looking good for the Bitcoin network as less and less Bitcoin transaction are now being processed. According to a tweet by @mikerelentlesse BTC is finding 4 blocks an hour and BitcoinCash is finding 43 blocks an hour. The tweet is concluded by- "Satoshi was right. Miners will mine the more profitable chain".

This indicates how bitcoin needs a quick fix others users will end up abandoning the cryptocurrency as well. I zoomed the charts to 30 day view on blockchain.info and the decrease in hashrate is alarming

hashrate 30 day.png

The network is taking a very long time to confirm transactions unless you pay more.

What is your thoughts, is Bitcoin going to fall? Is it now survival of the fittest?

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