Bitcoin forks Speculation | Bitcointalksearch.org

k_kuchkarov

full member

Activity: 238

Merit: 103

Quote from: hugeblack on December 14, 2017, 02:38:09 AM

I'm trying to fill a few gaps in my understanding about bitcoin forks will take BCH as example

1) Who determines the value of the new forks when it started {BCH at 2017/8/1 }.

2) if new forks starting from 0 how can claim my BCH {get my free BCH }.

3) after new forks starting it will have huge demand and a few supply why it keeps increasing.

Let's consider your question:

1) No one puts the price, this is a way out of demand and interest on this coin

2) If during the fork you had bitcoin, then it will appear automatically. And if you did not have bitcoin you were already late

3) Because of capitalization and because there is little supply, in the market there is a demand for a coin, but sometimes it happens that this is just a game of whales

slaman29

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Quote from: hugeblack on December 14, 2017, 02:38:09 AM

I'm trying to fill a few gaps in my understanding about bitcoin forks will take BCH as example

1) Who determines the value of the new forks when it started {BCH at 2017/8/1 }.

2) if new forks starting from 0 how can claim my BCH {get my free BCH }.

3) after new forks starting it will have huge demand and a few supply why it keeps increasing.

The market should determine the value. But of course, as you can see from the past two BCH and BTG, some exchanges immediately put them up as futures before the forks are even there, crediting all account holders. Then, it is up to people to place orders, selling or buying. You'll see instant variations in early hours before settling on a price people feel is worthwhile.

Read up on how to claim fork coins, always refer to the official site first, but wait a while before doing so, in case of scams. Make sure it is recognized and stable before even attempting.

btctuxedo

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Activity: 285

Merit: 102

I think the price is mostly due to supply and demand. If it starts from 0 block, then you would obviously have to mine to get the coin.

hugeblack

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Activity: 2702

Merit: 4002

I'm trying to fill a few gaps in my understanding about bitcoin forks will take BCH as example

1) Who determines the value of the new forks when it started {BCH at 2017/8/1 }.

2) if new forks starting from 0 how can claim my BCH {get my free BCH }.

3) after new forks starting it will have huge demand and a few supply why it keeps increasing.

Topic: Bitcoin forks Speculation (Read 132 times)