What's going to happen to destiny once destiny 2 releases?
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When Bungie revealed that nothing was transferring to Destiny 2, they promised that we could still play all of our favorite activities in Destiny 1. Which means that they'll prolly shut the servers down six months later.
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It will shrivel and die
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They intend to keep servers for Destiny on for the foreseeable future, however the playerbase will most likely shrink drastically making some activities difficult if not impossible to play.