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Topic: If there is no hard fork, will the real value of Bitcoin be higher now or lower (Read 11882 times)

hero member
Activity: 1890
Merit: 831
I think it will be both.

Higher before the hard fork because people will be all set on buying and Saving up bitcoins.

But

Lower after the fork for a while since, people start engaging in new cryptos, since our old one just split into two it also actually will make another option available for people who are thinking of investing.
legendary
Activity: 3234
Merit: 5637
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Hard forks of bitcoin is something what was inevitable, just because some people who are involved with bitcoin in his early stages suddenly want to show how they can create something better. How much is actually difficult to make something better then bitcoin was seen in the example of bitcoincash, which is in one point powered by huge money and media coverage come close (in terms of price) to original bitcoin. But despite all attempts it failed to become real bitcoin, but it made a certain damage creating confusion among potential users in terms of what is real bitcoin and what is not.

All other bitcoin forks were quite meaningless, and despite the fact that community did not have anything against free money which forks creates, it show that in some point people start show almost no interest for such things. Reason is low value of forked coins and fact that hackers took advantage of the situation by creating fake wallets, which resulted in huge losses.

In my opinion price of bitcoin would probably be a bit bigger than today if we did not have hard forks, but no one with certainty can not say whether this difference today would be $100 or $1000.
legendary
Activity: 2674
Merit: 1226
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As much as everyone feared that the civil war would destroy bitcoin, it proved that the community and the network was already too strong to be defeated even by a rift. And it wasn't so much an internal rift as the media portrayed. Those who broke off to make BCH were not THAT important to Bitcoin after all and as we can all see now they are better off not being part of bitcoin. I'm glad it happened no matter what.
full member
Activity: 714
Merit: 114
I think bitcoin will still move up even there's no hardfork. Hardfork it cause to slip decision of every investor because they need to choose that will give to them more profits. But of course as we can see bitcoin is still in good value even there's a hardfork. Because it happened before year 2017 that after hardfork bitcoin got new ATH .

hardfork causes the price of bitcoin to rise because people are buying more bitcoin in order to get the equivalent amount of fork coins  .  though there is also a chance that bitcoin can lost what it already regain because people usually sells both of their fork coins and bitcoin to earn a good income  . @op if there is no hardfork , the value of bitcoin can still increase due to the demand that it gets from the public but if there is a hardfork , the value can increase more evenly into an un-usual state  .
full member
Activity: 770
Merit: 126
Any time fork happen its effect usually affect the price of Bitcoin just like what happened when Bitcoin Cash split from Bitcoin and I believe that it will be the major influencer that will ever affect Bitcoin. In recent time, prices of Bitcoin are influence by the forces of demand and supply.
legendary
Activity: 2394
Merit: 2223
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Usually bitcoin will bounce if there is any hard fork with potential developers. Before hard fork investors will store bitcoin in order to get free coins. But the fork should be reasonable. If just come someone who isn't well know and he announce for hard fork then we can't expect price will increase. Depend on how potential fork going to happen.
jr. member
Activity: 159
Merit: 1
Since bitcoin is the determinant factor for all cryptocurrencies and also the major Pair which all tokens are traded against, the price will always increase as their will be demand for it everytime. Bitcoin usage is also on the high side and it will go higher than this. Forks have being coming and going yet bitcoin is still trending.
full member
Activity: 882
Merit: 104
Since Bitcoin appeared it has been controversial. Its value increases gradually. But there are also times that fall after the Hark fork. So if you do not have hark fork, the price of Bitcoin will increase or decrease
I think bitcoin will still move up even there's no hardfork. Hardfork it cause to slip decision of every investor because they need to choose that will give to them more profits. But of course as we can see bitcoin is still in good value even there's a hardfork. Because it happened before year 2017 that after hardfork bitcoin got new ATH .
sr. member
Activity: 1736
Merit: 357
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The price of BTC will be slightly higher in my opinion if there weren't forks. The community has been split when people were debating concerning the blocksize, causing the BCH fork, causing a small percentage of the money to move from BTC to the BCH chain.

Long term though, I don't think the price different matters.
I agree. But on the other hand forks are free coins as long as we have Bitcoin holdings and the only thing people invest into it is that they think it is the new and upgraded version that will replace the pioneering Bitcoin however Altcoin is always an Altcoin. Those who jump into BCH are mostly losers after it experience plummet way back 2018 and I think they converted all their BCH into Bitcoin back again. That is why if there is no hardfork investments will surely and purely poured into Bitcoin and of course it's value is higher.
legendary
Activity: 3374
Merit: 1922
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I think its about the demand of Bitcoin. If nobody wants to buy it, people will eventually lower the price to meet the buyer's want price. Plus the price of bitcoin eventually goes up even after the fork. So basic law of supply and demand should be observed.
The price of Bitcoin does go up every few years but when there's a fork the demand for Bitcoin would be divided as others would start supporting the forked coins rather than sticking to Bitcoin.

I never know that before please do help me and provide  link or any that could support that
Use google you can easily search that on your own.

what do you think of this idea? Do you think I'm right or wrong?
Somewhat correct but I think it's wrong to think that most people who started buying are only in it for the fork because no one knew how much they would get in return from those forked coins.
Ucy
sr. member
Activity: 2674
Merit: 403
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A fork by influencial, serious or aggressive developer? Of course, such forks usually have some effect on the price of bitcoin especially if the developer moves his hash power and coins from bitcoin to his own bitcoin clone.
sr. member
Activity: 625
Merit: 258
That's basically it: Bitcoin price goes higher or lower already without any kind of forks in the first place Roll Eyes

Just how markets are being as in every currency type whether is Money (fiat) or Gold.
sr. member
Activity: 2282
Merit: 470
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Here's what happened behind the mind of the people who invested to it (I didn't say that this is the exact thing that happened this is just according to my own observation and perspective):

1. A Bitcoin will announce a hard fork
2. People are too greedy and will buy more Bitcoin before the date of the fork in order to get more coins of the new coin
3. The price of the bitcoin will increase because of the users who bought more bitcoins for fork
4. After the fork was conducted and received their free coins they will immediately sell the bitcoin
5. It drops its price

But I didn't say that this always happens but this is just according to my observation and perspective around the market and here in the forum, so I may say that yes it increases and afterwards it decreases... what do you think of this idea? Do you think I'm right or wrong?
full member
Activity: 381
Merit: 101
To be honest im still dont know what is the mean by hard fork. I have read about it but still cannot understand about it. What is so diffrent about it. With or without fork how can it can destroy bitcoin by mean?
legendary
Activity: 2170
Merit: 1427
I think it would be fair to assume that the price of bitcoin would be higher by 100-200 USD if bitcoin cash didn't exist.

You know that at current prices no one really cares about $100-$200 differences in the price, right?

If BCash would have an effect on the price, it would be more than that considering how well positioned Bitmain & Co are. People may not like them, which is more than understandable, but they still own way more Bitcoin than most people here combined. That's a lot of economical mass they have as enemy of Bitcoin. On top of that they also have a large share in the mining aspect of Bitcoin, so even more economical mass there.

Too bad Bitmain dropped its IPO plans, I badly wanted to see what coins they have on their balance sheet in 2019.
hero member
Activity: 1078
Merit: 501
Since Bitcoin appeared it has been controversial. Its value increases gradually. But there are also times that fall after the Hark fork. So if you do not have hark fork, the price of Bitcoin will increase or decrease
In my opinion, it can be a little bit higher today, although there is nothing wrong with hard fork, this is really created in the cryptocurrency world so I think we should not take this as a problem. It still depends on the USERS of crypto on where they want to put or invest their money in crypto, BCH is also good but in my opinion as what I've said, maybe the value is a little bit higher if there is no hard fork.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
you have to remember that this is bitcoin you are talking about not some small altcoin that is 99% manipulation and 1% real people. the days of dominant manipulation for bitcoin are over although it is not yet completely out of the market as it is impossible to remove it.
in a small altcoin market when there was a fork which was giving away free money to people, everyone started buying that altcoin so the price went higher because of that "fork" but it is not true with bitcoin because bitcoiners buy bitcoin in any case not because of these fork coins. and the market is big and it absorbs anybody who does otherwise.
hero member
Activity: 1526
Merit: 596
A lot of the people I know that where into bitcoin didn't really care about bitcoin cash, and instantly sold how much they got from the airdrops, and continued to buy more BTC and hold. I believe that with the launch off bitcoin cash, some focus was taken away from bitcoin and into bitcoincash.

I think it would be fair to assume that the price of bitcoin would be higher by 100-200 USD if bitcoin cash didn't exist.
member
Activity: 504
Merit: 10
Basically, the price of any coin including bitcoin surges artificially whenever there is hard fork of it since there is a demand to hold it in order for people to participate in the fork. After the fork, here lies the real challenge if the people will still hold or sell off all. People usually sell off since they know that that is not bitcoin's true value, thus the price decrease. This drastic fluctuations in bitcoin's price causes the loss of trust and position in it since people think that it's price is only driven by speculation and not by demand for its use case. Without fork, I think, bitcoin's price would be more stable  and higher than its current price now.
legendary
Activity: 1638
Merit: 1163
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there are two forces in an "airdrop" forkcoin:
1. the part where people buy bitcoin to get that airdrop and make profit
2. the part where the same people get their airdrop and cash out.

the thing is, these types of people are "temporary" in the market. they come and go just like the forks and just as fast. so their effects in the long term is negligible and not to mention small. in short they may cause an increased volatility for a short time. and bitcoin being big, that airdrop has to have a big incentive to attract enough people to cause that volatility.
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