Topic: 7 forks based on BTC are on the way? That's insane and crazy - page 2. (Read 887 times)

They are all speaking about the speed of transactions. It reality the cryptomarket destabilizes and Bitcoin price goes up and down.  

Just look at these devs, trying to make some quick buck by creating forks of their own thinking that it would be successful as BCH. That's the only motivation I can see from these people that proposed new forks; they already deem that any fork would garner the same interest no matter what you call it because it is already imprinted within the market's mind that they could also make some quick buck in these events. If a fork don't contain any promising development, better not to support it.

Those forks give free coin to all of us and that is the way of devs to earn good money also because fork coin is not increasing its value they only collect early investors with a huge value of coins but after the coin was released on the exchange its value is rapidly decreasing that is why if you are investors do not support all those incoming fork coin.

Do we really need those Hard Fork? Even if there isn't any bitcoin will be good on its own like what it did in the recent bullish trend going to $11,000, but yes this Hard Forks are on schedule to be in process, I have heard about the Bitcoin Diamond that is coming next but I have never heard about other Forks that will be on the same month of December but Yes there will still an upcoming Hard Fork in the future.

According to your mathematics, bitcoin cash and bitcoin gold have 1:1 ration and bitcoin diamond that isn't yet existing will be given in 1:10.
It ckearly shows that upcoming forks will be distributed in less ratio, is it that the supply of next forks would be less than firstly launched coins?
Or it's because next coins would have higher price than bitvoin gold and bitcoin cash?

The guy is talking about the future bitcoin forks,not the previous forks like BCH and BTG.
Obviously the altcoin devs realised that there`s more pump&dump potential in hard forks,instead of creating some brand new altcoin with a new name,that they have to advertise.When they create a "bitcoin gold/cash/wood/whatever" they grab the attention of the entire crypto world for free.
 

Apparently bitcoindiamond is already trading on yobit. I'm not sure other exchanges will bother with it though.

It was bitcoin cash, bitcoin gold also, next one is scheduled to be bitcoin diamond, which will probably be this month as many expecting. While first two were ratio 1:1 if you have one BTC you get 1 BCH or BTG, on bitcoin diamond is 1:10 ratio. For one bitcoin you will get 10 bitcoin diamond.

Where have you heard this stuff about "7 forks based on BTC in December"? Any links to the news on the web?

I've heard that 7 forks based on BTC will be launched in December, what's wrong with those guys? Let me know your thoughts below.

By the way, I have a analysis of BTC, BCH, ETH, ETC, LTC and altcoins.

BTC:
BTC price has been moving in a broad range in the past 3 sessions and forms higher and lower shadows with increased volumes, indicating that turnover rate at present level is extremely high and the adjustment in price fails to prevent investors from rushing into the market.

Let’s take a look at the chart (as attached):

At present, price is in a triangle consolidation pattern and shows signs of breakout on hourly chart. Judging from volumes and momentum, however, such breakout will be short-lived and can’t be seen as an effective breakout, therefore, BTC’s still considering the further direction.

Strategy for our operation today can still refer to our 5-Day MA strategy. If price fails to remain above it, then an adjustment can be basically confirmed. However, if price gets support at 5-Day MA and starts a rally from there, the validity of 5-Day MA remains intact.

BCH:
Main funds of BCH chose to follow BTC’s price action, therefore, BCH is likely to start a minor rally after testing support level in the short term, for day traders, sell your positions when price rallies, otherwise, just hold on to your BCHs and uninstall your APP.

ETH:
Fork, scheduled on January 1, is coming, which is interpreted as a bullish news because” candy bonus” is free from tax. Overall, the range for the gains in price in this wave of uptrend seems normal. when ETH price was pulled back to precious highs, it seemed to be a good chance to buy in. However,

since all major coins are connected to BTC price, we must wait for the final decision of BTC on its further direction before setting positions for other major coins.

ETC:
Just like ETH, further direction depends on BTC’s final decision as ETC hasn’t shown signs of an independent trend.

LTC:
LTC witnessed the least gains in price and a relatively small range for pullback in this wave of uptrend among major coins.

Altcoins:
We can see a broad rally in altcoins prices for now, shortage in funds still exists as major coins take turns in increasing their market capitalization and forks around BTC will come in December one by one. Therefore, chances for further gains in altcoins prices will emerge when BTC and major coins step

into a consolidation phase. If BTC regains traction and moves upwards, sell your positions set for altcoins when their prices climb and hold on to your major coins. If major coins get stuck in a continuous consolidation pattern, minor positions for altcoins can be set.

Original by Kuang Ren, translated and posted by AICoin Jami.