What's your experience on fork coins this year

Dread Pirate Roberts

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Quote from: HardCore12V on October 04, 2021, 12:30:15 PM

Is it true that all crypto forks are bad? For example bitcoin cash and others? I've read too many posts saying every forks are either scam or shit coins but honestly I was obsessed with such coins in 2018, bitcoin diamond and bitcoin private and few others for example, yes they dumped alot but I made profits from these projects this year, what's your experience on forks coins be like this year?

In the past, coin forks were a good thing and many altcoin fans have been waiting for. because the potential for the project to be successful is very high. but for now it doesn't seem like that kind of hype anymore. if you say fork coin completely bad? I may not agree because some fork coins that exist today still have their communities and are quite stable. and if there is a new coin fork at this time. personally I'm not interested.

poodle63

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In my knowledge if all of forks coins have bad reputation among the crypto currency holders. People didn't want fork coin but the creator wants fork coin to be alive in the market. This coin doesn't offer any innovative idea. The fact that if so many fork coins were dead caused by people know that if they were only wasting their time investing in the fork coin. Fork coin = shit coin that almost similar like shit doge tokens.
Even fork coin runs on its network didn't mean that's good coin. Fork coin is just a way for scammer to gain instant demand to sell the fork coins owned by the developers to the market. I have dumped all of my fork coins a few years ago.

magnum1010

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Quote from: HardCore12V on October 04, 2021, 12:30:15 PM

Is it true that all crypto forks are bad? For example bitcoin cash and others? I've read too many posts saying every forks are either scam or shit coins but honestly I was obsessed with such coins in 2018, bitcoin diamond and bitcoin private and few others for example, yes they dumped alot but I made profits from this projects this year, what's your experience on forks coins be like this year?

On the one hand, fork coins don't carry anything really innovative. They have almost the same features and ideas as a basic coin. On the other hand, if it is a fork of bitcoin with similar name (bitcoin cash), people are tend to trust it more than other altcoins that appear almost every day. Personally I don't invest in fork coins. Moreover, all of them after a success start leaving the top of currencies.

vv181

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The majority of crypto forks are bad since they didn't bring any technological and technical improvements, there is some exception of course, but the percentage is extremely small. Not to mention are most of the crypto is made only for self-interest and blatantly just copy-pasting, yet also, it is still a bad thing in terms of improvements.

Having assets on BTC is like the rule of thumb in this space. The codebase itself also keeps being improved, which make the project being mature and have some advancement. As long as your intent is to grow your Bitcoin balances, then it's your choice. But to particularly investing forks on BTC forks is a shitshows, I'm sure the risk is greater than the oppurtunity.

GreatArkansas

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For me, Litecoin seems only the best-forked cryptocurrency, especially for Bitcoin. Look at the coins after Litecoin was forked, most of them got rekt, especially products of Roger Ver, like Bitcoin Cash, Bitcoin Gold, Bitcoin Satoshi Vision, and many more out there for sure.

cabron

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Everybody else will get the coins too particularly the whales who will receive this free money, what do you think they would do once they get it? Dump of course, everybody likes to get free but it's what they would do with it after receiving the fork coins.

The success of BCH and BSV have opened the imagination of those developers so they also forked BTC. Nothing to lose for them. If there are miners willing to mine, it's good, and if no miners, they'd just leave the project.

sheenshane

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Forked coins are trying to have a separate code just to improve the existent one but the fact no one has been proved. From Bitcoin down to the Ethereum and other different blockchain networks that have forked. All of them are nonsense and others become shitcoins.

Though not all of them become successful at least there are some who had able to get profit during the project's run. And others were pumped just because of the mass hype that becomes investors profitable but in fact, there's no real use as a forked one.

Kena Banned

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Quote from: HardCore12V on October 04, 2021, 12:30:15 PM

Is it true that all crypto forks are bad?

Its not true, for example Ethereum is also a fork from Ethereum Classic. Fork is activity when the community want to separate code than its original because they need to implement or adopt another thing to the chain, its a good thing if its really needed to, the problem is if a fork didnt change so much and just want to clone its original chain to double the asset.

shinratensei_

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All of cryptos that were generated from forking the original chains were bad coins. These fork coins were intentionally issued by the greedy developers who wanna get free bucks by forking a fully working blockchain like bitcoin that didn't need to be forked. it has been discussed so many times if there are also crypto politiciants like roger ver that was issuing his own coin called bitcoin cash to compete with bitcoin but people are always being smart by choosing the real coin instead of using the fork coin like bitcoin cash that was doing so many self claimed to be the real bitcoin.
I remember when so many BCH army was shilling this fork coin anywhere.

wheelz1200

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Quote from: HardCore12V on October 04, 2021, 12:30:15 PM

Is it true that all crypto forks are bad? For example bitcoin cash and others? I've read too many posts saying every forks are either scam or shit coins but honestly I was obsessed with such coins in 2018, bitcoin diamond and bitcoin private and few others for example, yes they dumped alot but I made profits from this projects this year, what's your experience on forks coins be like this year?

They are all pretty much scam coins. Sure you can make money on them but most will lose. Of course people probably have made money this year on them almost everything is up on the year. Why would you want to buy a fork of a coin if it offers pretty much nothing that the original coin doesn't already?

poodle63

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Quote from: HardCore12V on October 04, 2021, 12:30:15 PM

Is it true that all crypto forks are bad? For example bitcoin cash and others?

it's true. Fork coins are bad coins and i do believe this fork coins were scam coins.

Quote from: HardCore12V on October 04, 2021, 12:30:15 PM

yes they dumped alot but I made profits from this projects this year, what's your experience on forks coins be like this year?

If you're getting those coins for free and whatever the price you will be still in the profit because you didn't care about the result from the development. You didn't even need an entry point to enter in the market but that's quite different situation when you have invested your money on this garbage coins a few years ago. You will be ended in a big loss and you will never able to recover your money from hodling it.
Fork coins didn't have utility and that makes it become useless token that's not worth to be owned by people or investors.

sunsilk

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If you've made some good experience and profits from forks then that's good for you. You don't have to think about them if people have made a lot of money from them.

Most of these forks are being ignored already although there is the remaining volume from them since people still trade them. But observe the majority of the fork coins, they're near to being silent and got a very low volume.

Slow death

legendary

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well if you didn't buy these altcoins then you don't need to buy, just keep making bitcoin hodls and whenever you have some hard fork you will benefit and sell the altcoin resulting from the hard fork just don't make the mistake of buying these altcoins. nowadays there are hundreds of good altcoins to invest there's no reason for people to waste time with things like bitcoin Diamond or bitcoin jesus or bitcoin gold

HardCore12V

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Is it true that all crypto forks are bad? For example bitcoin cash and others? I've read too many posts saying every forks are either scam or shit coins but honestly I was obsessed with such coins in 2018, bitcoin diamond and bitcoin private and few others for example, yes they dumped alot but I made profits from this projects this year, what's your experience on forks coins be like this year?

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