Topic: All Bitcoin forks are going $0 (Read 124 times)
It was pretty predictable that most of bitcoin forks would die out. All these Bitcoin Gold, Bitcoin Diamond and etc. didn't have a real idea behind but were created for making quick profit off the hype.
I second this. There is no way that bitcoin hard forks will survive for long in a market such as this, there will come a time when people will realize that the coins they are putting their money in is not worth it and they cannot be used for anything. When that time comes, the prices of all of these hard coins that are in the market now will all crash to zero
Bitcoin gold, instead of a fork, was just a joke, a very bad one. You just need to remember that they published a wallet that turned out to be a scam and that many users lost their bitcoins by claiming their bitcoin gold. https://www.ccn.com/bitcoin-gold-wallet-scam-nets-fraudsters-3-2-million-after-stealing-users-private-keys/ Seeing how this project was born and developed, its end cannot be said to be a surprise.
Forks are evil and long ago it was necessary to admit it, because it is because of Forks that people lose their money, they did not do anything new, they just changed something in the code and it became a new fork, is not this stupid?
You might not have heard about bitcoincash. They are promoting as the original bitcoin chain and they are getting relative success.The largest hardware manufacturer, bitmain, the largest of pools, btc.com, antpool, viabtc, the btc.com network, their news portal everyone are favoring bitcoincash.
Now there are a lot of fraudulent coins / tokens and I really hope that one day I'll wake up and see that there are no 1600 tokens and coins, and there are 100 or 200 really useful for the community crypto currency. Ripple, bitcoin cash and all other forks of bitcoin and a lot more tokens should give their capitalization to only one, and it's now number 1!
I agree with your point of view, but I think what you said may not be realized in five years. Forking currency has at least 5 years of investment time. This is my point of view.
Maybe bitcoin gold is slowly dying. In principle, like the whole cryptocurrency for the present day. Well, there will be more growth, just do not let down
Do not hurry to bury the crypto currency, there will be an ascent, it is not far off, in the autumn we will see a good growth and everything will be restored.
Warnings are everywhere and yet, no one seem to listen. We now have this service so there is absolutely no reason on why you should keep your forked coins.
Sadly, this is valid for alts as well. It's just a matter of time until people realize that most of these coins are created for the sole purpose of making money.
Sadly, this is valid for alts as well. It's just a matter of time until people realize that most of these coins are created for the sole purpose of making money.
This looks really bad. Looks like any confidence is finally lost for this fork, after the %51 attacks happened. I think there were double spends too. This is what happens when you get free shit (forks) and you don't sell them for the real thing (BTC).
If you still have Bitcoin forks the best thing you can do is dump them. This includes BCash by the way, even more so since they share the same hashing algorithm and it is a matter of time the balance finally goes all the way to BTC due Pareto law distribution, there just can't be 2 big SHA256 coins indefinitely. Bitmain is playing tricks on you by making you think they are going to support the BCH fork forever.
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