what happened when the other one "forked out"? haha
some temporary drama with some price drop prior to the fork because of some fear and then after it was done price went up from $2XXX up to $5000
these forks as long as don't have the majority's support are going to be dead in the waters and will be treated as an altcoin.
some temporary drama with some price drop prior to the fork because of some fear and then after it was done price went up from $2XXX up to $5000
these forks as long as don't have the majority's support are going to be dead in the waters and will be treated as an altcoin.
I think this ignores all the context. The Bitcoin Cash fork had nothing to do with all the market uncertainty that led to the drop into the $1800s. That uncertainty had to do with BIP148 and the potential split that it could have caused. After miners started signalling BIP91, the market recovered to $3000 in four days. That confirmed that the longer term uptrend remained intact. As some traders like to say, "up is up."
This time, the context may be different. The fear heading into August 1st was always the prospect of a legitimate network split with two viable chains. The BIP148 split never happened, and the Bitcoin Cash fork never purported to be "Bitcoin" and included replay protection. Segwit2x is intended to be "Bitcoin" and won't include replay protection -- and it's backed by a lot more of the industry and miners than BCH was. It'll be interesting to see what happens.
