Now there are 16 million worth $6000
and there's also 16 million BCH worth $1200
So looking at BCH the total value is $20 billion. Where the hell did that come from?
Did BTC reduce by $20 billion? As one goes up is the other coming down?
As BCH approaches the value of BTC then it sure as hell looks like we've doubled the coins in circulation.
So my point is this, have we in effect found away around the cap of bitcoins. Every time we see the price go up just split the chain and have more coins.
Bitcoin ≠ BCH. It is possible to make some branches (fork) from the main chain of bitcoin. But all of them become the independent currencies which in no way aren't connected with bitcoin in case of hard-fork. They are pulled together only by a code on initial stage of hard-fork. Subsequently each of them exists only within an own blockchain. The cost of these currencies is determined by the demand and supply in the market but not family relations with a source of an original code