FORK this, FOMO that, FUD everything

In less than a span of 3 months, Bitcoin has been forked twice. First was Bitcoin Cash (BCH) and then there was Bitcoin Gold (BTG). Each fork meant that those who hold bitcoins will also receive the forked currency, which in effect doubling their money. Casual observers that follow the news hear stories of incredible wealth, institutional disdain and how anyone can jump in on the bandwagon.

With the knowledge that the third fork of the year is coming soon, the casual public's fear of missing out drive the observers to buy and hoard bitcoins. As the date of November 16 inches ever closer, Bitcoin’s price increases as a feedback loop pushing the hype train into a frenzy. But something was not right. The planned SegWit2x fork did not provide replay protection that would deter attackers attempting to double spend a recent transaction on the legacy blockchain (or vice versa). On November 8th, the announcement of the SegWit2x fork was "suspended" and that’s when all hell broke loose.

Prices went up in the beginning as a sign of either celebration or that the hype train had so much inertia that it took some time to process. And then the drop as casual investors realized they won't be getting double the value they had seen in the first two forks of the year. Fear, uncertainty and doubt creeps in and some cashed out while others diversified to altcoins. Almost all the altcoins spiked but the big winner was Bitcoin Cash from $620 to peaking at $2,400. Just when everyone thought the dust was settled, The opportunity to low buys heighten the see-saw effect between Bitcoin and Bitcoin Cash until investors realized the charts was a visual graph of their emotional state in this high risk investment. Bitcoin's biggest threat is.. Itself.

While bitcoin have made significant strides so far, the new investors who lack knowledge and leaders of the community that didn't resolve a glaring problem meant that nobody was at the wheel and everyone was a passenger.

Do these events benefit Cryptocurrencies, yes.
Does this benefit Bitcoin, no.
Will Bitcoin ever get SegWit2x forked, maybe.
Or lightning network... or sidechain...