If there is no hard fork, will the real value of Bitcoin be higher now or lower - page 3.

33bitcoin

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Quote from: BrewMaster on April 22, 2019, 06:41:34 AM

as i have speculated at the time of certain forks, they have influenced the market and price of bitcoin in some certain cases but they were never a significant force to be considered affecting the final result. so generally speaking i have to say no, without these forkcoins price would have taken pretty much the same route that it took in the past couple of years.

however in certain cases like the BSV fork which was a severe attack against bitcoin, the price fell below $6k because of that fork so if it never existed price might not have fallen and not falling meant accumulation phase would have ended sooner and rise started sooner too. and as a result the current price would have been higher.

I'm gonna go and disagree with you, I believe the anticipation of the bitcoin cash fork caused the bitcoin price to rise substantially. People are forgetting how hyped bch was and it ended up rising over 3000.

the bsv hash war was a complete shit show though and that absolutely tanked the price of btc.

okala

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I think so yes if there is no hard fork I believe the value of bitcoin will be higher just as the same if there is no any other cryptocurrencies and bitcoin only exist the price could have skyrocketed more then what we have now. The hard forks affect the price of bitcoin slightly before it can recover.

emberbekas

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Quote from: Ailmand on April 22, 2019, 03:06:58 AM

Quote from: mk4 on April 22, 2019, 12:52:43 AM

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.

Agree, or nothing would've changed at all. During hard fork people buy bitcoin to get free fork coins, demand on bitcoin increases. People take advantage of fork to get free coins.

Yes, as we can see from the last fork when the holder got bch as a free coin and the bch price wasn't too bad at that time, many people seemed to be waiting for the next fork to catch the same opportunity. Hard forks can increase demand significantly which will certainly increase prices too.

BrewMaster

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as i have speculated at the time of certain forks, they have influenced the market and price of bitcoin in some certain cases but they were never a significant force to be considered affecting the final result. so generally speaking i have to say no, without these forkcoins price would have taken pretty much the same route that it took in the past couple of years.

however in certain cases like the BSV fork which was a severe attack against bitcoin, the price fell below $6k because of that fork so if it never existed price might not have fallen and not falling meant accumulation phase would have ended sooner and rise started sooner too. and as a result the current price would have been higher.

kissme09

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Quote from: spadormie on April 22, 2019, 06:17:13 AM

I just observed this when BCH was born last August or September 2017 I think? By the time there was a news in forking of btc, I was just a newbie that time. The price relatively went down because of I don't know a fork? Maybe. But, after forking, bitcoin goes wild. From 3k to 5k I think?

You may not understand that the hard fork is pushing Bitcoin to increase quickly. When every Hard fork event takes place, the need to own Bitcoin will increase because when you hold Bitcoin in the process, the Hard fork will get a free token after the hard fork ends. This has actively moved to Bitcoin and helped it raise prices every time the hard fork event takes place.

spadormie

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I just observed this when BCH was born last August or September 2017 I think? By the time there was a news in forking of btc, I was just a newbie that time. The price relatively went down because of I don't know a fork? Maybe. But, after forking, bitcoin goes wild. From 3k to 5k I think?

proTECH77

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Quote from: tspmhack8 on April 22, 2019, 12:41:33 AM

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

If there was no hardfork the price of Bitcoin would have soar higher compare to what it is today. Remember, the last fork that took place, we saw many people who withdraw their Bitcoin just because of the fork thereby reducing the price of Bitcoin. Many potential investors in Bitcoin move their portfolio from Bitcoin to altcoins.

NeuroticFish

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Hard forks did not affect much. Maybe didn't affect at all. Their main use is for speculation and I expect the bigger investors be smart enough to stay away.
Overall the altcoin market may have diluted somewhat Bitcoin value because some have invested into altcoins money they may have invested into bitcoin otherwise. But bitcoin forks are a very small part of it, so again, the effect was small to none.

1Referee

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One way or another, most hardforks will fail anyway, and that money will find its way back to Bitcoin at a later stage.

The main positive side to Bitcoin and BCash is that we can now see off-chain scaling in action, and on-chain scaling. People won't ever have to ask themselves 'what if on-chain scaling could work, but because we're not putting it to the test, we don't know'. Here is the test.

I am almost 100% that on-chain scaling is not going to work long term speaking, but there apparently are people who do think it will work, so this is the best way for them to be proven wrong.

mk4

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Quote from: Haunebu on April 22, 2019, 03:15:01 AM

Quote from: mk4 on April 22, 2019, 12:52:43 AM

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.

Small percentage? I don't think so. Its a pretty big percentage in my opinion and BCH is the most successful fork among them all since it consistently stays in the top 10 rankings in CMC proving its popularity.

Regardless if it's the most successful bitcoin fork, it's still severely dwarfed by BTC. And take note: It didn't even cost anything to produce all the BCH; it was pretty much made from thin air. The money lost was just from the people who sold all their BTC for BCH, which I think is a very very small percentage of bitcoiners in my opinion.

Wendigo

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Theoretically if there were no hard forks of Bitcoin it's price should have been higher because most of the investments would have been contained solely within Bitcoin. This is only a perfect market scenario though. Hard forks are just shit coins that try to steal from Bitcoin market share thus lowering its price.

cassavachips

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if bitcoin doesn't have hardfork the price will depend on the market, according to the law of demand and supply when many people want to buy bitcoin then the price will go up, and the otherwise if many people sell bitcoin then the price will go down

bamboylee

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If I remember it right, when BCH splits from BTC, the price of bitcoin went higher. The logic is, after claiming BCH, holders of BCH sold their coins to bitcoin thus pushing the price up. So even though there is a split of support, the fork also gave purchasing power to those who believe in bitcoin.

joshv06

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Quote from: mk4 on April 22, 2019, 12:52:43 AM

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.

Yes that's right, infact if the hardfork happens the price automatically goes down. As of now BTC shows some descent price value and hopefully the market will turn green in couple of months, BCH was the one which bombard the entire market while BTC was in its peak. I think BTC is slowly improving now and bounce back again.

dmty.0809

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Bitcoin prices are very difficult to predict, this year there will be an increase or decrease until the lowest point. The decline in bitcoin prices due to the presence of hard forks and massive sales when bitcoin has increased in 2017.

alisafidel58

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I don't think that a hard fork has an impact on the price of bitcoin. With or without hard for the value of bitcoin solely depend on its demand in the market. We've seen that there was a hard fork but those coins were just dumped after being forked it didn't have any big or small impact with the price of bitcoin.

muslol67

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Quote from: tspmhack8 on April 22, 2019, 12:41:33 AM

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 recently saw a table in the local section. Bitcoin's got more than a hundred forks. And each one took a little mining power from Bitcoin network. However, the loss of BCH and BCG fork was the biggest, unfortunately, we lived with. Bitcoin took the biggest damage because of Bitcoin Cash. But I think there is no future for Bitcoin Cash. Just like SV. One way or another, it will be gone!

DBronze98

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Quote from: tspmhack8 on April 22, 2019, 12:41:33 AM

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

This is one of the most controversial topics to date. We can see too many events that Hard fork Bitcoin prices were increasing in 2017. If no Hard fork events are happening, Bitcoin cannot reach half of the current value. The hard fork has pushed up the demand for owning Bitcoin, so rising demand has made Bitcoin prices inflated.

Kakmakr

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I think it would have been a lot higher. The fork that caused the most damage, was Bitcoin Cash. This fork used clever tactics to confuse potential investment in Bitcoin by hijacking Bitcoin domains and re-directing traffic to platforms where they sell Bitcoin Cash. Most people bought Bitcoin Cash by mistake and only realized this when it was too late. Angry

The snake oil salesmen like CW and Roger Ver knew that would happen and they targeted this segment of the market by marketing Bitcoin Cash as the supposed "real" Bitcoin. Roll Eyes

Bitinity

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Quote from: tspmhack8 on April 22, 2019, 12:41:33 AM

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

Hard fork has no direct impact to bitcoin price imho. Probably once there will be a hard fork and people are buying more bitcoin for free fork coin then it make the bitcoin price increased, after everything done and people start selling bitcoin back after getting the fork coin so the bitcoin price is decreased. In this situation, the main thing that make bitcoin price will go up or down is still the demand on bitcoins not the hardfork. Hardfork is just like a thing that makes the demand on bitcoin increases.

Topic: If there is no hard fork, will the real value of Bitcoin be higher now or lower - page 3. (Read 11881 times)