There are CERTAIN forks that are bad, that are based off the premise of fabrication and lies.
That's not to say that all forks are bad. In fact, forks are an essentially part of upgrading the capacity of the network and thus, an important part contributing to the fundamentals of a particular coin. Some people have mentioned the ETH fork, and yes, that is something to be desired since it is a switch to a potentially more efficient algorithm.
You can't speak in general terms here.
Topic: Who Says Forks Are Bad? (Read 355 times)
Forks are just another route for people to make shills about some ideas to increase their profits in this industry. nothing really comes off them after a while. Consider all the forks of bitcoin, how many of them ever got to even 50% of the marketcap of bitcoin. None! rather they broke away a substantial marketcap of bitcoin for no real reason other their own greediness. Forks are not the best for any blockchain network. It's better we stick with the original one or the community agrees to undergo a soft fork.
Yes, I think not all forks are bad. as you said above there are some fork coins that can be said to be good for investment. but the problem is the fork coins that you say come from top coins, especially like BTC - BCH, ETH - ETC, so people also believe that they come from top coins and have produced fork coins that are profitable for investment.
Depend with fork coin first, its come from with good coin I think will have good result from hard fork coin, but if come from with lower price of coin form maybe result wiill have very cheap price and have been careful for investing with fork coin have lower price, the result coin always depend with how fork result come from with coin early want to fork.
Yes, I think not all forks are bad. as you said above there are some fork coins that can be said to be good for investment. but the problem is the fork coins that you say come from top coins, especially like BTC - BCH, ETH - ETC, so people also believe that they come from top coins and have produced fork coins that are profitable for investment.
I just think that when one coin makes a hard fork, then there we can benefit when we have a main coin so we get a new coin without reducing the number of main coins, of course it's only for profit, but for sustainability, the coin fork won't as good as the main coin.
i dont like the other forks aside from bch and i consider them just like any other sh*tcoin ( sorry ) . like what you said , they are copy cats from thier original coin , being copy cat also mean that they dont differ on those alts and tokens that are built with the same purpose. they just add up on the toxic here because there are now many coins on the world of crypto. i also heard that some forks have a bad effect .
Have you see the fork coin have the same price or even its price past to the mother coin price?
Such as bitcoin cash, does its price really pass through the price of bitcoin? I think no and its price movement is less more than the movement price of bitcoin.
This kind of coin just give a convince to investor that the project won't scamming them at the end because they will know the team behind the project is legit. In the profit side, I'll believe that the mother coin is more promising then the fork coin.
the price of a fork coin is not much better than the mother coin, I have never seen it either, but the discussion point from op: superior to other new coins, fork coins are still a little confusing in the long run. There are some coins of this type that I don't like but don't close my eyes that they are still developing to this day with quite manipulative movements. Such as bitcoin cash, does its price really pass through the price of bitcoin? I think no and its price movement is less more than the movement price of bitcoin.
This kind of coin just give a convince to investor that the project won't scamming them at the end because they will know the team behind the project is legit. In the profit side, I'll believe that the mother coin is more promising then the fork coin.
There are only a few forked tokens that can really be successful. Many foreign propaganda projects are forked tokens, which eventually died out due to poor management.
It's simple to see and yet many failed to see the truth, many said coin forks are bad because they are just copycat of the original coin well so far all forks from popular coins are doing well, last bullrun all forks like bitcoincash, Ethereum classic, litecoincash all bring huge profits more than their original mothers, who says forks are bad? I thought we are all here for the profits? Honestly aren't this coins more better than most new coins of nowadays?
Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
Not all forks are good either. What you are talking about now are successful forks that are recognized by everyone on the market. But, do you know how many forks does btc have not succeeded? Do not consider forks as something very special, they are essentially made to regulate invalid blocks and transactions. Besides, bsv is also on this list, do you feel the same about it too? Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
Forks aren't bad in general as an umbrella. There are certain forks that are bad.
For example, ETH's transfer to the PoS blockchain could potentially turn out to a very bullish event, if it is pulled off successfully by the ETH development team. However, there are certain hard forks, such as Bitcoin's many hard forks whose value solely comes from being a fork of bitcoin (bitcoin diamond, bitcoin gold, etc. etc.) that contribute absolutely nothing.
So yeah, it's incorrect to cast everything under one light, but there are indeed rogue ones.
For example, ETH's transfer to the PoS blockchain could potentially turn out to a very bullish event, if it is pulled off successfully by the ETH development team. However, there are certain hard forks, such as Bitcoin's many hard forks whose value solely comes from being a fork of bitcoin (bitcoin diamond, bitcoin gold, etc. etc.) that contribute absolutely nothing.
So yeah, it's incorrect to cast everything under one light, but there are indeed rogue ones.
Have you see the fork coin have the same price or even its price past to the mother coin price?
Such as bitcoin cash, does its price really pass through the price of bitcoin? I think no and its price movement is less more than the movement price of bitcoin.
This kind of coin just give a convince to investor that the project won't scamming them at the end because they will know the team behind the project is legit. In the profit side, I'll believe that the mother coin is more promising then the fork coin.
Such as bitcoin cash, does its price really pass through the price of bitcoin? I think no and its price movement is less more than the movement price of bitcoin.
This kind of coin just give a convince to investor that the project won't scamming them at the end because they will know the team behind the project is legit. In the profit side, I'll believe that the mother coin is more promising then the fork coin.
Is it all about money? Forks are not bad per se, but for more often than not they don't bring anything new to the table.
I wonder what other people's arguments about fork coins, I still do not like these coins and even reluctant to buy them.
For me, fork coins are of no use because the original coins have progressed to a better place while the results of the fork are still in place. Forks has become a very risky speculation.
And i dont see any use cases of fork coins in real world other than trading and make a hype out of it.For me, fork coins are of no use because the original coins have progressed to a better place while the results of the fork are still in place. Forks has become a very risky speculation.
, it will only add marketcap of crypto and speculate traders that soon they will replace the price of the coin they are forked which is impossible to happen.
It's simple to see and yet many failed to see the truth, many said coin forks are bad because they are just copycat of the original coin well so far all forks from popular coins are doing well, last bullrun all forks like bitcoincash, Ethereum classic, litecoincash all bring huge profits more than their original mothers, who says forks are bad? I thought we are all here for the profits? Honestly aren't this coins more better than most new coins of nowadays?
Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
well yes, if your ONLY in it for the profits, forks have been awesome, they are hands free "free money"
imagine being someone who manages 40,000 BTC, 10's of millions of dollars in free coins you never asked for you can just dump
BUT: they damage the image of cryptocurrencies, outsiders look at that shit and say: "thats fake money, look at how they can get something for nothing"
Its better off to just have clear coins for clear purposes and natural growth imo
I wonder what other people's arguments about fork coins, I still do not like these coins and even reluctant to buy them.
For me, fork coins are of no use because the original coins have progressed to a better place while the results of the fork are still in place. Forks has become a very risky speculation.
For me, fork coins are of no use because the original coins have progressed to a better place while the results of the fork are still in place. Forks has become a very risky speculation.
It's simple to see and yet many failed to see the truth, many said coin forks are bad because they are just copycat of the original coin well so far all forks from popular coins are doing well, last bullrun all forks like bitcoincash, Ethereum classic, litecoincash all bring huge profits more than their original mothers, who says forks are bad? I thought we are all here for the profits? Honestly aren't this coins more better than most new coins of nowadays?
Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
Fork is good when it can be useful for the market. Why should I be interested in a fork created for speculation? There is no big difference between it and pump-dump coins. Instead of chasing forks to gain, search for the remaining thousands of coins/tokens in the market. Fork is mostly related to technical improvements, which will be profitable when successful. Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
It's simple to see and yet many failed to see the truth, many said coin forks are bad because they are just copycat of the original coin well so far all forks from popular coins are doing well, last bullrun all forks like bitcoincash, Ethereum classic, litecoincash all bring huge profits more than their original mothers, who says forks are bad? I thought we are all here for the profits? Honestly aren't this coins more better than most new coins of nowadays?
Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
it could be that forks weaken for bitcoin, or altcoins, but if you look at it now, it has no effect, forks do make new coins, but if the coins are not good I think they will lose community and demand in the market Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
I like those forks. Smart people are calling them bitcoin dividends because they're free money given to bitcoin holders.
I made some profit selling BCH BSV and all the other B-xx shitcoins. I really cannot say they are a bad idea. Bad idea to hold that's for sure but I never say no to free money.
I made some profit selling BCH BSV and all the other B-xx shitcoins. I really cannot say they are a bad idea. Bad idea to hold that's for sure but I never say no to free money.
It's simple to see and yet many failed to see the truth, many said coin forks are bad because they are just copycat of the original coin well so far all forks from popular coins are doing well, last bullrun all forks like bitcoincash, Ethereum classic, litecoincash all bring huge profits more than their original mothers, who says forks are bad? I thought we are all here for the profits? Honestly aren't this coins more better than most new coins of nowadays?
Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
Coins which are giving huge profits are not good coins! Bitcoin gold, bitcoin private, zclassic and etc, i knew some you made fortunes out of these forks, these coins are better
There are coins which gives 10000% in few hours it means it is a good coin,no right? It simply due to bump and dump groups.
Fork coins pretend to be they are the original which is bad and in the longer run, we may not sure about their existence once short term investors reaped their profits.
It's simple to see and yet many failed to see the truth, many said coin forks are bad because they are just copycat of the original coin well so far all forks from popular coins are doing well, last bullrun all forks like bitcoincash, Ethereum classic, litecoincash all bring huge profits more than their original mothers, who says forks are bad? I thought we are all here for the profits? Honestly aren't this coins more better than most new coins of nowadays?
There are blockchain forks and protocol forks. All are copycats. But blockchain forks like BCH or ETC also reward all BTC and ETH holders with free coins. All copies with very little changes have no future.
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