Topic: Is a hard fork good or bad? - page 2. (Read 18561 times)
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.
I think that's a good thing, because it's one of the development of coins to attract more investors. but indeed when there is a hard fork, it will make the market a little hiccup.
I don't see that, I believe that after the update of the hard fork of Ethereum will make it more solid and have a better price on the market. Because the current price of ETH is too low for people to trust and buy them more than Bitcoin
What impact in the long run hard fork will have on the ETH network is not clear in advance. The goal of each hardfork is to make positive changes to the blockchain platform. At the moment, I see the positive impact of the announced hard fork in the ETH network, as many acquire ETH, hoping to get a free coin, thereby increasing its value.
In Blockchain system a hardfork is very posotve
Positive on paper
Positive on records too
But ideally, hardfork are always followed by dumps
Positive on paper
Positive on records too
But ideally, hardfork are always followed by dumps
When a coin moves forward to a hard fork I think it will definitely go up but for a while, and I will invest in the coin that has done the hard fork and I will also hold back for a while until the price I expect is reached. But if the price doesn't move anymore, surely I will immediately sell it, and that's probably the right step.
Hard fork is a means of scaling a project more although it's has been turned to a quick means of grabbing cash, but overall the reason for hard forks is to upgrade a system. In a way its a good thing.
In general, I have not always been very good at hard fork, because I saw something similar only in BTC, but as we all know that ETH is the fork of the ETC project, therefore, in general, I think that such investment should show that ETH continues its development .
somehow yes, somehow no, if a hardfork update will really going to benefit the crypto, it will be beneficial but if the hardfork is just intended to create a new coin without really a nice update. It will be not good as the market cap is divided for the market.
If this happens then we will have more benefits in HF. I believe that new technologies will be applied more and more people will know. I am waiting for this event and will consider many options before investing in ETH because for me ETH is the whole life.
For me, Hardfork were made to create a competition which platform is better, faster and secured. It can't be denied that that when there is a hardfork, there will be a pump for the original altcoin and a dump for the copycat. It is good in terms of making money because of the bonus altcoin you will get from hardfork but technically speaking, they only making business out of it and confused new investors.
some people consider this hardfork event to be a good opportunity and a very good development because it means that more coins will be created and more solutions will be created from cryptocurrency, while traders may be happy to be able to take advantage of this situation to get profit because usually when a hardfork occurs, the price of the coin will go up.
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?
If me i heard from friend, actually hardfork is not good for that coin itself. But coin that hardforked it will increased in price because people want free new coins that can get for holding it. If me if i have that coin, i will hold and sell when before it hardforked.
The existence of a hard fork hopes for good and has benefited so that we can enjoy rising coins and the market gets better.
Many crypto lovers hope that all can return to good and developing.
Many crypto lovers hope that all can return to good and developing.
The official fork of Constantinople is an extremely useful and necessary thing, this is an update-bridge that will allow team to upgrade the Ethereum network to version 2.0.
The reason for upgrade of a coin is to improve on it and growth and development must be a going concern. Now, as it relate to market reaction of coin upgrade, it depend on the narration and market perspective of such upgrade.
Is hard fork an upgrade to a coin? Yes, I have been into research about fork and it does compromise on upgrading coin. According to wikipediaQuote
A hard fork is a rule change such that the software validating according to the old rules will see the blocks produced according to the new rules as invalid. In case of a hard fork, all nodes meant to work in accordance with the new rules need to upgrade their software. If one group of nodes continues to use the old software while the other nodes use the new software, a split can occur. (https://en.wikipedia.org/wiki/Fork_(blockchain))
This is what happen to bCH and BSV. Now, the crypto has been splitting into two but BCH still has dominated over BSV as coinmarketcap.com shows the ranking list between these two crypto. But, If I were to chose then I will go on BSV because this is the hardfork of BCH. A new and upgraded software for BCH is BSV.
Hard fork effect?
For now the effect is bad because it influences bitcoin market price drop. Sadly bitcoin market price reaches its bottom at 3.2K USD.
The reason for upgrade of a coin is to improve on it and growth and development must be a going concern. Now, as it relate to market reaction of coin upgrade, it depend on the narration and market perspective of such upgrade.
Is hard fork an upgrade to a coin? Yes, I have been into research about fork and it does compromise on upgrading coin. According to wikipediaQuote
A hard fork is a rule change such that the software validating according to the old rules will see the blocks produced according to the new rules as invalid. In case of a hard fork, all nodes meant to work in accordance with the new rules need to upgrade their software. If one group of nodes continues to use the old software while the other nodes use the new software, a split can occur. (https://en.wikipedia.org/wiki/Fork_(blockchain))
This is what happen to bCH and BSV. Now, the crypto has been splitting into two but BCH still has dominated over BSV as coinmarketcap.com shows the ranking list between these two crypto. But, If I were to chose then I will go on BSV because this is the hardfork of BCH. A new and upgraded software for BCH is BSV.
Hard fork effect?
For now the effect is bad because it influences bitcoin market price drop. Sadly bitcoin market price reaches its bottom at 3.2K USD.
If anyone will be participating in any hard fork, it will be good for the person to do adequate research, but some scammers use the opportunity to get some people phished. With time, we will get to know more.
That's right, everything has many different sides, hardfork may be good and may be bad for investors, but I believe in the future it will tell us. Now I guess it will be good for Ethereum's price and make it rise again, what about you?
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?
This means that the coin cannot give anything to the investor anymore and you have to hold the plug in order to attract more investments. But I do not know much of examples when the fork surpassed the parental coin or gave excellent performance, so maybe I did not sell it, but I was already careful. 
Usually hardfork always has a good impact because the purpose is to upgrade the network. Coin which plans to do hardfork, usually will increase significantly, because many people will buy coins that will do hardfork. So it can be concluded that Hardfork has a good impact to the coin.
traders usually take opportunity to earn profit when hard fork.get new coin be main reason for them and also price rising before snapshot, but we have to sell it when snapshot done, cause price goes down after this.
somehow yes, somehow no, if a hardfork update will really going to benefit the crypto, it will be beneficial but if the hardfork is just intended to create a new coin without really a nice update. It will be not good as the market cap is divided for the market.
In most of cases, in terms of prices, the prices almost always gone down whenever there was hard fork of those coins. I rarely noticed price rise whenever the hard fork came, but in most cased, it will be needed to do hard fork to improve the problems with the blockchain of that particular coin when any hard fork announces.
Jump to: