Is a hard fork good or bad? - page 5.

batang_bitcoin

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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?

Honestly, when a coin forks today it is usually bad. It is just cutting the supporters of that certain coin that they forked.

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

do you think that its price will rise or fall ?

Both.

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

would you invest on a coin that has done hard fork?

I won't.

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

and what would you do if you own a coin that has announced a hard fork? would you sell it or not?

Free money, sell it.

mahilchii

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Quote from: ShadowBits on January 01, 2019, 09:54:46 AM

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?

I remember for some time when there was a hard fork on Bitcoin and it pumps so high that it got to the peak, but I guess it won't work like that right now.

Yes last time the hard fork on BTC was over the moon and this time it is happening again is at least there will be a satisfied value from now it is being, a change is desperately needed as this is what everyone expects.

accounting 181293

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in my experience, hard fork is a good thing. with hardfork can make prices rise. I had a good experience when I joined the HF bitcoin last year. my profit is quite large because buying at a low price and when approaching the HF the price rises 100%

Ferris419

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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?

My compliment about hard fork is cool. Because after hard fork coin price goes to high and altcoin also increase. We should take a look an altcoin which can be fork. If we get the news about fork, we can buy that coin and we will get extra money after fork done.

TusharMali99

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A hard fork can be implemented to correct important security risks found in older versions of the software, to add new functionality. BCH is a BTC hard fork that is meant to create two different assets with value. After the fork occurred, BCH and BTC became two totally different cryptocurrencies.

At the time of hardfork we can see hugh pump in the original coin. After the hard fork, one of the following situations may occur
1. One blockchain becomes dominant
2. Both blockchains are adopted
3. Both blockchains are adopted, but one is favored.

funchiestz

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Quote from: Enzos on January 01, 2019, 10:52:57 AM

There is no doubt that any hard fork is actually useless, they will have a negative impact on the rubber of the hard fork (may be a positive impact at the beginning), in the long run, the hard fork will divert the original Supporters of the crypto community and led to further price declines. For the entire community, I believe that most people are against.

Actually I definitely agree with you. Almost all hard fork is useless (I mean only splitting for new coin/token). I think someone want make a money when they are planning this forks. For example Bitcoin Cash. Bitcoin Cash is one of the needless coins which born from Bitcoin

Enzos

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There is no doubt that any hard fork is actually useless, they will have a negative impact on the rubber of the hard fork (may be a positive impact at the beginning), in the long run, the hard fork will divert the original Supporters of the crypto community and led to further price declines. For the entire community, I believe that most people are against.

funchiestz

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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 fact, it all depends on what the coin and fork promise. For example, during last year's NXT fork, the expectation was very high and the NXT almost made it x10. But the ETC did not create the expected effect during the hard fork.

babarian

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so far in my experience in the world of crypto, if a coin creates a hard fork coin, it is usually successful for example Bitcoin Cash (BCH) which is Hardfork of Bitcoin (BTC).

Mythodea

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As long as i can understand, hard fork is neither good neither bad, it depends from the reason of hard fork, from the coin and from the developer.

naidray

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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?

Depends on the things the hard fork brings.

I mean ethereum is having a new hard fork and the consensus is that proof of stake is much better than proof of work for everyone except miners, since ethereum had gpu mining the products that people used (graphic cards) could just point towards something else and that wouldn't be a big problem for them neither. Hence that hard fork was seen great by everyone.

However, bitcoin cash for example was a bad coin that people mocked and really found hilarious that it even exists and it went to do a new hard fork which ended up with 2 new coins both of whom owned by people who have a ton of bitcoins that eventually resulted with them selling their coins to fuel the war and all of us lost, that hard fork costed crypto economy billions of dollars lost in value.

Hence, that was bad. What I am trying to say is that hard forks are not naturally good or bad, it all depends on the hard fork.

ShadowBits

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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?

I remember for some time when there was a hard fork on Bitcoin and it pumps so high that it got to the peak, but I guess it won't work like that right now.

jvdp

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Quote from: Nivia1st on January 01, 2019, 09:33:11 AM

hardfork is an update to make the platform better. but many misinterpret that every time there is a HF there will be new coins that are born and some think that HF can pump. and I think regardless of the good or bad impact of HF, as long as the platform is better. I definitely support it.

The main concept of hardfork is increase the block size in each section so transaction will be smoother than previous days. But recently market condition is not good so it will affect the crypto market so many panic still increase in this year. I heard some positive news in crypto so definitely market is moving back form again and Ethereum hardfork will really useful in upcoming days so I am also support this updation.

Yudhisthir

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Most of the coins are open source project and any devs or community can fork it to create a different branch. Though branching a coin may decrease it's overall mining resource and immediate users. But it also enables diversity in coins and different development patterns for the future of crypto.

Tipstar

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A coin moves to a hard fork because the developers thinks its the good thing for the future of the coin. But when there comes some devs that deny with the plan and continues to use the old branch, it decrease the overall credibility of the forked coin.

Nivia1st

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hardfork is an update to make the platform better. but many misinterpret that every time there is a HF there will be new coins that are born and some think that HF can pump. and I think regardless of the good or bad impact of HF, as long as the platform is better. I definitely support it.

Red-Apple

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being good or bad is not that simple actually. you can't really say anything in general, there are hard forks that are terrible and should never happen like roll back that nullifies immutability of the coin, and there are hard forks that must happen like fixing a serious bug in the implementation and consensus rules. and there are many that are right in the middle in the gray area.
additionally it also depends a lot on how the fork is going to take place. in a centralized altcoin that the owner flips a switch and his altcoin is forked it is certainly bad and in a decentralized system that it may lead to splitting it is also a very bad idea.

Msworld83

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Hard is usually a disagreement between the consensus algorithms in either to upgrade or continue with the normal one which makes them divide if there is no mutual agreement at the end and doing so can be of good or bad to both split coin or either but in most cases the price do pump before the fork and after the fork dump as people see it as an opportunity to have two separate coin with one funds and that makes many fomo .

fuer44

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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.

joseyphil82

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You won't know until sometimes later on ,like months after ,some hardforks makes sense and some are just trash ,they won't do any good,the first hardfork that I'm still surprised about is bitcoincashSV and ABC ,I think they have more hidden up their sleeves

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