Topic: Forks killing our BTC Moon Dreams? (Read 426 times)
i think the fork is not killing our btc moon dreams but maybe i would say its delay because we can see the btc moon soon after the fork is over and i think this is just another correction of the btc price. so i am not too worried about this and i am willing to waiting the price is back to before and its our chance to buy bitcoin at lower price. i think in future if we have another fork again, btc price will be down like now and will increase again soon.
Forks kill moon dream.
Reality?
BTC going to Moon.
Dream is over.
Reality?
BTC going to Moon.
Dream is over.
I agree with your explaination. Shit coin or not, btg is still part of btc as we know king of coin. So though not many people will invest on it, at least it will some people will do. It makes the market cap of bitcoin move to btg market cap though its just small portion. At least btc cap will lower than.
That would be a normal effect to bitcoin cap when another coin introduced in the blockchain. But, as we observed is just a little effectbin bitcoin life and in a long run bitcoin is still trusted and invested by most investors. Bitcoin gold creations is just like bitcoin cash, they are just created to fully support bitcoin and made it more stronger. They do not market themselves as another Alt coin, but rather a upgrade/improvement on the Legacy Coin.
nobody ever says "we are creating shit", instead everyone will always claim they are making something valuable and awesome.
unfortunately everyone already knows this. and this creates a damaging way of thinking among users. everyone wants more free coins so they love them and even encourage them at times!
fortunately in the last two forks the damage was minimal but it may not always stay like this.
No it will not kill our dreams, this is one tool to make bitcoin value will be much stronger as you can see after BCH fork happens bitcoin value was continuous increasing and will be much stable and this day BCG fork happen i am expected that bitcoin value will rise to the moon and brings more profit to all of us.
They do not market themselves as another Alt coin, but rather a upgrade/improvement on the Legacy Coin.
nobody ever says "we are creating shit", instead everyone will always claim they are making something valuable and awesome.
unfortunately everyone already knows this. and this creates a damaging way of thinking among users. everyone wants more free coins so they love them and even encourage them at times!
fortunately in the last two forks the damage was minimal but it may not always stay like this.
It’s not necessarily a bad thing.
- It’s free money for all of us
- BCH caused the bitcoin price to soar so similar might happen again, people sell their shitcoin & increase their bitcoin stash with the monies.
No Forks are fine all they do is move some the hashrate off other coins and make miners happy, let them fork I say. None of the believes in bitcoin are going anywhere.
Periodic forks and the emergence of new coins from bifurcation with bitcoin certainly inhibits the growth rate of bitcoin and diverts part of the funds to the coin that was separated from bitcoin. However, no one has the right to regulate this process whether we want it or not. This must be treated calmly as inevitable. In addition, new developers can come up with something interesting and worthwhile. The rate of bitcoin will still rise. Very sharp growth is not always good either.
As of today, the Bitcoin Cash Market Cap is $5, 490,516,128. Soon we will see another fork, called Bitcoin Gold. These forks are channeling money that could be invested in BTC away from it, to what effectively is another Alt coin. The difference between these forks and other Alt coins are the clever marketting that these forks are a improvement on Bitcoin. {BTC}
They do not market themselves as another Alt coin, but rather a upgrade/improvement on the Legacy Coin. So with every fork, we will see a portion of investment capital moving to these coins and if these investments stay there, it would chip away at the Market Cap of Bitcoin. {BTC}
The BTC adoption has to grow much faster now, to fill the market share that these forks are eating away with every fork.
The forks are also taking hashing power and nodes and this is hurting the decentralization of the whole {BTC} network.
They do not market themselves as another Alt coin, but rather a upgrade/improvement on the Legacy Coin. So with every fork, we will see a portion of investment capital moving to these coins and if these investments stay there, it would chip away at the Market Cap of Bitcoin. {BTC}
The BTC adoption has to grow much faster now, to fill the market share that these forks are eating away with every fork.
The forks are also taking hashing power and nodes and this is hurting the decentralization of the whole {BTC} network.
They not only market themselves as an improvement to the legacy but some are even claiming they are the intention of Satoshi in the first place this will only succeed in causing confusion in the minds of new investors as a new investor can say " I want to invest in bitcoin without a further explanation of which bitcoin exactly is he/she is referring to" and if he didn't seek the right information, the money is funnelled into another coin rather than the bitcoin core.
However, I won't say its killing the dream of getting to the moon but rather, its just slowing it down in the sense that, a lot of the attention BCH is getting now will be divided as other forks come on board and while the attention mean for BTC will also be affected, the margin will have lesser impact compared to the forks.
I agree with your explaination. Shit coin or not, btg is still part of btc as we know king of coin. So though not many people will invest on it, at least it will some people will do. It makes the market cap of bitcoin move to btg market cap though its just small portion. At least btc cap will lower than.
I will go against the trend and will say i dont like these forks, even tho they produce some free coins. Those weasel developers are starting to get greedy and might ruin something that could benefit us all. Dont wanna name names, but i am getting tired of those....i pour my soul into bitcoin kind of people. Like ... hold the phone bro...you are not michelangelo.
I think you should not be too worried about the value of the bitcoin before and after the hard fork because when it creates a new coin like bcc at the previous swig, then the bitcoin value is somewhere between 4k5 and 4k8 $ And the value of the new coin is bcc is the range 1k- 1k4 $ but then after 2 months the value of coin will return to its place of the king is still the king of bitcoin value will be 5k and copper coin bcc is back at $ 300 and its value now is 6k then after hard fork sure bitcoin's value will decrease but how much we can not judge but if you believe in bitcoin then it will It's worth it so you do not need to worry
HeyA fork isn't meant to introduce a new alternate coin where people will invest money , yes in the hard fork bitcoin gold will be introduced but when we talk about the segwit2x there isn't anything as channelling the crowd towards another alternate coin.
Segwit2x aims at increasing the efficiency of transactions of bitcoins only and Bitcoin gold too just like bitcoin cash provides the people with an alternative that suits not everyone but just a small sector thus its not like everyone will start investing in Bitcoin gold
Well thats just what I know and what I think pardon me if our ideas don't match.
You are wrong. It is a whole new Alt coin and with every new coin, some money will move towards these coins. Every fork coin has some hard-core supporters that would sell their BTC to buy these forked coins. People who know very little about Bitcoin, might think these coins are a improvement over the original Bitcoin and rather buy these forked coins.
Most of these people are used to a marketing system, where Gold and Silver and Platinum naming conventions are used to differentiate the basic/original option from the perceived improved {Silver/Gold/Platinum} options.
They think they are getting a better coin with these forked coins. ^grrrrrrr^
I honestly don't think it presents a real threat to bitcoin. Most will consider it as just another shitcoin. Nobody here even talks about it, aside from people asking how to get their free coins.
HeyA fork isn't meant to introduce a new alternate coin where people will invest money , yes in the hard fork bitcoin gold will be introduced but when we talk about the segwit2x there isn't anything as channelling the crowd towards another alternate coin.
Segwit2x aims at increasing the efficiency of transactions of bitcoins only and Bitcoin gold too just like bitcoin cash provides the people with an alternative that suits not everyone but just a small sector thus its not like everyone will start investing in Bitcoin gold
Well thats just what I know and what I think pardon me if our ideas don't match.
As of today, the Bitcoin Cash Market Cap is $5, 490,516,128. Soon we will see another fork, called Bitcoin Gold. These forks are channeling money that could be invested in BTC away from it, to what effectively is another Alt coin. The difference between these forks and other Alt coins are the clever marketting that these forks are a improvement on Bitcoin. {BTC}
They do not market themselves as another Alt coin, but rather a upgrade/improvement on the Legacy Coin. So with every fork, we will see a portion of investment capital moving to these coins and if these investments stay there, it would chip away at the Market Cap of Bitcoin. {BTC}
The BTC adoption has to grow much faster now, to fill the market share that these forks are eating away with every fork.
The forks are also taking hashing power and nodes and this is hurting the decentralization of the whole {BTC} network.
They do not market themselves as another Alt coin, but rather a upgrade/improvement on the Legacy Coin. So with every fork, we will see a portion of investment capital moving to these coins and if these investments stay there, it would chip away at the Market Cap of Bitcoin. {BTC}
The BTC adoption has to grow much faster now, to fill the market share that these forks are eating away with every fork.
The forks are also taking hashing power and nodes and this is hurting the decentralization of the whole {BTC} network.
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