BTC Hard fork is a good thing. ETH did very well. - page 3.

xuan87

legendary

Activity: 1666

Merit: 1001

Quote from: countryfree on March 18, 2017, 07:05:06 PM

The hard fork nearly killed ETH. It stayed at half the value it had last Spring for more than 6 months. It only recovered this month. Also, there was more support for the hard fork at ETH than there is now for BU. We sure can hope for the best, but a hard fork is a risky move.

I agree, ETH almost die when the hard fork happened, the price drop down so low and lose a lot of investor, ETH just lucky because previously before forking there are so many supporters and investors that is the reason ETH could survive, if there are no previous investor ETH will end up in a dead coin list, so forking is only for the last resort and it contain a huge risk

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

The hard fork nearly killed ETH. It stayed at half the value it had last Spring for more than 6 months. It only recovered this month. Also, there was more support for the hard fork at ETH than there is now for BU. We sure can hope for the best, but a hard fork is a risky move.

mkc

hero member

Activity: 517

Merit: 501

Quote from: leopard2 on March 18, 2017, 04:38:35 PM

Cheers!

How come BTC price drops? ETH price dropped before hardfork. Panic, FUD....

And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.

So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.

Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Grin

You mean I have to install two bitcoin-qt, each use boat load of disk and ram. Don't tell me light weight client. I am old style and I old trust qt.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: leopard2 on March 18, 2017, 04:38:35 PM

Cheers!

How come BTC price drops? ETH price dropped before hardfork. Panic, FUD....

And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.

So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.

Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Grin

Jesus Christ lad. I'm not opposing hard forks but your logic is way off.

How do you know what the ETH price would be if they had never forked? How do you know it wouldn't be >$100 by now?
If it generates free money, why don't they, or any other altcoin, fork every month making everyone a millionaire? No such thing as free lunch.

You're also forgetting that ETH was on early stage of development with zero adoption outside of exchanges, which made the hf easier to manage.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

ETH:
Mining centralization: Check.
Developer centralization: Check.
Capitalist centralization: Check.
Scalability issues: Check.

You can't directly compare a HF on a centralized ~~scam~~ coin to a HF on a decentralized and immutable coin.

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

Quote from: leopard2 on March 18, 2017, 04:38:35 PM

Cheers!

How come BTC price drops? ETH price dropped before hardfork. Panic, FUD....

And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.

So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.

Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Grin

Yeah, maybe, in the long run, that may benefit us. But, we still don't know what will happen. We can't compare ETH to BTC and hope that the same thing happened to ETH will also happen to BTC. My concern right now is that these issues create FUD to the people and make them sell their BTC in a much lower price. It creates chaos that we shouldn't have in the first place. Let's just hope that this will be solved the sooner. Transactions are being filed up everyday. Problems are already arising from this.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: leopard2 on March 18, 2017, 04:38:35 PM

Cheers!

How come BTC price drops? ETH price dropped before hardfork. Panic, FUD....

And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.

So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.

Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Grin

>Implying that the hardfork for ETH is the reason that its value took off.

Maybe for the blocksize it could end up being beneficial, but splitting it like what happened with ETH is a bad move and unironically believing that Ethereum's value shot up because it went through a fork in the past is a poor understanding of dynamics for cryptos at best.

I'm seriously debating how much externals are understood by people on this forum.

leopard2

legendary

Activity: 1372

Merit: 1014

Cheers!

How come BTC price drops? ETH price dropped before hardfork. Panic, FUD....

And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.

So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.

Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Grin

Topic: BTC Hard fork is a good thing. ETH did very well. - page 3. (Read 3132 times)