Bitcoin value lost with the fork | Bitcointalksearch.org

aces777

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

There is a lot of speculations around that the forks from bitcoin cash are the things that caused the price of bitcoin to go down due to the kind of hash war that was going on between the two coins. Bitcoin really took a hit right there and then a lot of people started to panic and sell off their coins which just made everything even worse

team87

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Everyone can and has the right to argue about bitcoin or altcoin, but addressing the decline in the price of bitcoin, of course, there are reasons that make sense. But in this case I don't agree with it, if the decline in bitcoin is due to bitcoin forks. There must be other causes.

chocopapaya

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In the end, the BCH fork didn't really affect anything.
People thought it would, it was one of the more talked about forks and thought a situation like oct 2017 would happen.

The biggest thing with the recent crash is simple: the entire global economy is collapsing.
We can't expect new money to come into crypto for a long time.
Institutional investors are bleeding dry with their traditional portfolios of bonds, stocks, and real estate.
Also, noob money won't come in either.

all noob investors are currently just hodling and no new noobs will come in.
There just isn't any more fomo, the trend is over.
I think it will do everyone good to start researching trading strategies during market crisis.

aizen10

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Bitcoin digging because of some fuds and negative news about it including those weak hands that want to become rich in just one night, fork of forks cannot affect bitcoin price but to increase.

anume123

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Not also bitcoin decreased it price, Some of altcoins for now already drops it price maybe next year the price will recover because this year is not for cryptocurrency year for me.

eaglewhite80

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I guess it is something normal that at times like this, people tend to look for something to pin on everything that is happening in the market. Either some people say the future market is the problem today or the bitcoincash fork is the problem tomorrow. This is a market, and the chances of seeing it fluctuate hugely is something expected. As far as I am concerned, the market is still doing very well looking at the past to the present and maybe people should use that to judge the possibilities of the future and be patient enough.

disconnectme

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

DO you know that Litecoin, DOgecoin, DashCOin and many more coins in the space are all fork of Bitcoin, if you understand the meaning of Fork, last year each fork of BTC drove the price high because everyone want a piece of the cake, Bitcoin Gold and BCash are two examples that come to mind. So your premiss here is very wrong

haroldtee

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Quote from: iTradeChips on December 05, 2018, 03:51:59 AM

Definitely not the main reason why bitcoin fell. There are many factors we really need to consider for bitcoin to fall down. But what really need to be checked on is basically the effect of bitcoin has with the altcoins. Hopefully we can see good things coming with the next year.

Bitcoin is simply falling because there are so many people selling than buying and it is a normal rule of economics. This has nothing to do with some fork or some institutions, if the market is in high demand based on usage, we would have seen the market in the other direction right now.

We are basically still in the era of the repercussion of greed in the market as a result of FOMO. People should just get used to that and move on. The market will recover when it is set to recover and that is when demand starts kicking in more than supply, so people should learn to just take the chill pill.

Aragorn_125

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I can only say one thing: although forks do not affect the price, they reduce capitalization and slow down development. It’s impossible to do everything perfect on one platform.

zero714309

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It is absolutely not true. This is just an annual cycle that always happens just in this year is quite bad due to a lot of fud or bad news blow up to the top. A fork will not affect the price of btc. The bad thing is many people who want to control the price of btc because they know btc is an asset that is very promising in the future. BTC is the controller, if btc shaken then the other altcoin will have a worse impact.

dddudidd

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disagree, because Bitcoin is independent, there is no tendency for any altcoins, especially with forks, but if this is just a prediction, this is a good prediction. but the possibilities are very far

rocketbits

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

No one can really tell what happened to the price of Bitcoin or any of the altcoins, cause they as well are going down with Bitcoin, but most of us believes that the price crash was due to the Bitcoin Cash fork (BCH SV and the ABC fork), and I too believes that, cause the price started dropping heavily and down to $4000 within an hour, and that was on a Wednesday.

Gabri

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At the moment, 4 inactive wallets have withdrawn 66,000 bitcoins since 2014. The first conclusion was the day before yesterday, one yesterday and one today. Very strange manipulation.. So no matter that the Satoshi who had just posted a strange message "nour" and by the way, too, after such a long break. I think something's going on.

xuv500

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Quote from: passeroutpass on December 05, 2018, 04:48:01 AM

Quote from: iTradeChips on December 05, 2018, 03:51:59 AM

Definitely not the main reason why bitcoin fell. There are many factors we really need to consider for bitcoin to fall down. But what really need to be checked on is basically the effect of bitcoin has with the altcoins. Hopefully we can see good things coming with the next year.

At the beginning of 2018, we expected that at the end of the year there would be a rise of cryptocurrency, but we saw only a strong fall. I do not know what to expect in 2019.

Not only you the whole had different thoughts as expectations were higher and dreams were beyond the limit it seems, but even MacAfee also stated the value may go $50 k plus this year. Even he became a liar, right? no one can predict what will happen in future but one thing for sure those who have plans for long-term have a bright future.

kuverty

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The strength of bitcoin lies on the fact of scarcity and though price can trade in the range for few months but eventually it will go up as more and more underlying technology is accepted by mainstream.

passeroutpass

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Quote from: iTradeChips on December 05, 2018, 03:51:59 AM

Definitely not the main reason why bitcoin fell. There are many factors we really need to consider for bitcoin to fall down. But what really need to be checked on is basically the effect of bitcoin has with the altcoins. Hopefully we can see good things coming with the next year.

At the beginning of 2018, we expected that at the end of the year there would be a rise of cryptocurrency, but we saw only a strong fall. I do not know what to expect in 2019.

iTradeChips

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Definitely not the main reason why bitcoin fell. There are many factors we really need to consider for bitcoin to fall down. But what really need to be checked on is basically the effect of bitcoin has with the altcoins. Hopefully we can see good things coming with the next year.

Vaniaayu

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I agree, because Bitcoin forks as a driver of Bitcoin are getting faster and faster, if there are no forks, I'm sure the existence of bicoin won't be as strong now

Holla123

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

The BCH fork did not help the market. I think it has significantly weakened the position of BCH and reinforced Bitcoin as undisputed number one. Scenario still valid for Bitcoin getting used as store of value and alternative for gold.

bitkanu

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

I do. The demand has been divided into these useless forks coins. Remember when satoshi was creating a new friend on his social account and then that proves if craight wraight just a liar.
These forks were creating by greedy person.

icalical

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I don't know that fork can cause the price drop, it is possible but I don't think for give significant effect to the market value of a crypto. The main reason why bitcoin and crypto price keep decreasing are these things (in my opnion):

1. Scam projects that make crypto look bad for new investors.
2. Fake bad news about crypto.
3. Whale that own so many bitcoin, (75% of bitcoin supply own by small group of people) and they start the dump, make other small investors do panic sell.

Those are not easy problems to be fixed.

craked5

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it is not becuse of the form. the market is cleaning itself from useless people and money. only those will stay, who work here or could afford to wait 1-2 years.

kutangterbang

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I disagree, I think the forks are living on Bitcoin, because Bitcoin is the King of all coins, it is impossible for Bitcoin to rely on forks

passeroutpass

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I think it was one of the main reasons why bitcoin fell so much in value. Or rather, I think that this was just used by major players (whales) to drop the price

sinkfish

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the important is, you dont lose the amount of bitcoin you hold losing bitcoin is worse than losing bitcoin value.

andongdanisi

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Bifurcated coins cause the entire market price to fall, but I don't think this is the only reason. For example, when the price of ETH falls, the price of XRP rises, which seems more like a plan!

Mt. Dempo

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

if you still have Bitcoin, then you will not lose value. there are many reasons that make the market fall and maybe the big cause of this collapse is a big dump carried out by developers or ico and investors who panic at the value of their portfolios.

NeuroticFish

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

The price drop could have been indeed caused by the drama around the forks and because many don't understand that Bitcoin is not the same as Bitcoin Cash, Bitcoin Gold, Bitcoin Apple, Bitcoin Banana and whatever altcoin some decide to fork.

Bitcoin supply is not related to any of those altcoins. But I understand your point. A lot of people don't read where they invest, and then the lack of knowledge makes them dump, often the wrong investment or at the wrong time because of that. Maybe you should try to read more about Bitcoin too.

l10no

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in my opinion bitcoin will not be affected by all that, it will actually slightly increase the capabilities of bitcoin itself, the price decline that occurs is certainly very disturbing some of the other altcoins, but not the slightest affect bitcoin, meaning it is independent with itself

Olatunjex

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Of course no, the fork from bitcoin forked doesn't have anything to do with value of bitcoin, the supply of bitcoin and it's fork are different, bitcoin stands on it's own bitcoin will see previous value again and above it.

tuthienloc92bk

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Quote from: bitcoinsc on December 03, 2018, 09:55:13 PM

The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

I think there is a misunderstand here. If there was a direct fork from Bitcoin, it could be considered as a reason of falling Bitcoin price. Fork of fork is not affecting to Bitcoin anymore.

batang_bitcoin

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Bitcoin didn't lost its value due to its fork.

To be honest, its value is keep on increasing.

Value =! price

If you understand that value and price has different meaning but people are determining it that way and mistakenly comparing these two as one.

bitcoinsc

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The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.

Topic: Bitcoin value lost with the fork (Read 362 times)