Is a hard fork good or bad? | Bitcointalksearch.org

efxtrader

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Quote from: Mythodea on December 31, 2018, 03:45:17 PM

When a coin moves forward to a hard fork is it for good or is it for bad? do you think that its price will rise or fall ? would you invest on a coin that has done hard fork? and what would you do if you own a coin that has announced a hard fork? would you sell it or not?

For coin holder, i think hard fork is good because they get a free coin. Some coin after hard fork, the price increasing but like what happen on BTCH, the price drop. I think its depend on market sentiment

kolitski

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For me the hard fork which is good for me because i can buy a lot of coins with a low of prices and have a possibility that after the hard fork it will make a huge of prices in the market.

nikola22

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hard fork is usually made to improve software so it's a good sign that project continues to develop and grow.

heritage35

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Harfork is always an opportunity for those who know and understand ut to make some money, because the coin that is itself forked, will rise for some time, before falling again.
For every hardfork, there should also be a usecase. So that is another area it can be of benefit.

vgk88

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I think that a lot depends on the situation. Sometimes there is a need for hard forks and it can improve the performance of the network. But most often it is done to create a new coin and this is bad.

Teraboy

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Quote from: hirngespenst on January 14, 2019, 05:09:06 PM

My opinion is, hard fork helps to grow or move forward. Like after Ethereum hard fork, I think ETH price will increase and hard fork coin will do better too. So, I take this hard fork positive for the Ethereum. Constantinople is not a typical fork, there will be no new coin as I know, this hard fork will upgrade the Ethereum Network!

It can be considered as hardfork, hardfork is not about the update which always generate new coin from the separate blockchain. I guess you should understand deeply about that. Hardfork is the way to update the live protocol in the blockchain system.

Awoben

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it all the depends on what the hard fork is focused on achieving, in the case of Ethereum, they are about to improve the blockchain which is a positive sign that the developers are working to make things better. In terms of price movement, i do not think the price will go up, since no news of a real and legit coin will be generated through this hard fork.

hirngespenst

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My opinion is, hard fork helps to grow or move forward. Like after Ethereum hard fork, I think ETH price will increase and hard fork coin will do better too. So, I take this hard fork positive for the Ethereum. Constantinople is not a typical fork, there will be no new coin as I know, this hard fork will upgrade the Ethereum Network!

jrrsparkles

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Quote from: Mythodea on December 31, 2018, 03:45:17 PM

When a coin moves forward to a hard fork is it for good or is it for bad? do you think that its price will rise or fall ? would you invest on a coin that has done hard fork? and what would you do if you own a coin that has announced a hard fork? would you sell it or not?

Forked coins were just useless trash,they als like another crypto currency which will work independent of which cryptos they were forked so you don't have to invest on them if you are a holder.Maybe it will be profitable when you buy and sell them immediately before and after the fork repectively but investing at it later on makes no sense to me.

Asgard124

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Hardfork is meant to enhance efficiency as well improvements and development of the coin/altcoins getting involved. In some cases a new coin might be Generated as a result of the hardfork while in some cases it won't rather bring a different/nee high Performance on the Coin features for users to enjoy. A good example was the BCH hardfork that happen around late 2018 while the next we are expecting soon is Ethereum hardfork.

Peacemaker1994

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Hard fuck in my opinion is good because it's brings about rise to new coin with an improved addition
Not always has this good smoothly but hard fuck can being about increase in price

Jrfranco

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Quote from: Mythodea on December 31, 2018, 03:45:17 PM

When a coin moves forward to a hard fork is it for good or is it for bad? do you think that its price will rise or fall ? would you invest on a coin that has done hard fork? and what would you do if you own a coin that has announced a hard fork? would you sell it or not?

In my own opinion a hardfork is good in the sense that the developers itself are trying to improve their project that results to another clone coins from the original one. But the downside of this case is that the users and community were usually divided because of the other coins that are introduced during the hardfork it creates a division of the supports from the community.

Gilliffyn

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Quote from: Kawshies on January 07, 2019, 10:41:45 AM

I think hard fork is good. The price will rise or fall thats depends Hardfork itself. if i own a coin that announced a hard fork, i will hold the coin until the hard fork has been done.

If you bought Ethereum a month ago then of course you will wait and it is better for beginners to wait for a better entrance to Ethereum, as the rate will now fall

Fun_trader__

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Quote from: Mythodea on December 31, 2018, 03:45:17 PM

When a coin moves forward to a hard fork is it for good or is it for bad? do you think that its price will rise or fall ? would you invest on a coin that has done hard fork? and what would you do if you own a coin that has announced a hard fork? would you sell it or not?

The crypto space is awaited for one of the biggest and first forks of 2019. It would definitely have a huge impact on the ETH price, as it is happening to transform ETH into an updated version, which helps it to grow. We may expect that Ethereum price going high and the other cryptocurrencies might suffer a downfall for a short period of time during hard forks. Ethereum rose by around 85% over three weeks time.

We have seen similar happenings during or before Bitcoin Cash hard fork, wherein the other cryptocurrencies suffered for quite a bit of time. It is hard to predict the long-term impact of a hard fork and its evident that ETH is in a very critical phase now, as its going through a significant transition phase.

Refer the link for a detailed analysis. https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks

kentrolla

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Hard fork happening is really good but Constantinople is the one which will badly affect the coin value. A lot of them are really scared about the market situation as how it will be affected, few say it may go down nearly to $50 and few say the value will surely increase but we have seen what happened earlier just before few months what Bitcoin cash did. I think th the same might going to happen for ETH too.

vKedax

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Hard forks allow you to upgrade the cryptocurrency, thereby eliminating some errors. Sometimes hard forks can bring good money and this is undoubtedly a positive side.

xianbits

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For its improvement, yes it is advantageous to the coin. But, I don't admire hard forks that creates a new coin. For me it does only add up to the crowded numbers of coins in the market.

myhoho

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Hardforks are good. The only bad hardfork was bitcoin cash hardfork which cause a hashwar.
Haswars are not good to community and price drop too much because of this war.

Indrawan77

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The purpose of the forking actually ia good, forking happen because there are bunch of people requested the better version of the coin, but most of the time people used the forking to make themselves become rich, usually when the coin want to fork the price will go up because people will buy some to get the extra coin when forking, but after that there will be a correction

Spaffin

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Quote from: Mythodea on December 31, 2018, 03:45:17 PM

When a coin moves forward to a hard fork is it for good or is it for bad? do you think that its price will rise or fall ? would you invest on a coin that has done hard fork? and what would you do if you own a coin that has announced a hard fork? would you sell it or not?

Good or bad for a coin holding a rigid fork with the advent of a new coin, one cannot say for sure. This is one of the main ways of developing and improving cryptocurrency. If the development of a certain cryptocurrency is stalled for any reason, then hardfork is one way out of this situation. In any case, I do not think that forks harm cryptocurrency. Users always have the choice to use an old or new coin.

Topic: Is a hard fork good or bad? (Read 18544 times)