Bitcoin Forum

From December 2017 to January 2018, We have seen many bitcoin fork. And there are Super Bitcoin (SBTC), LBTC, Segwit (B2X) , Bitcoin Diamond And many more. That time SBTC Price was 800$, the B2X price was 1400$+

But at this moment, I just shocked by seeing their value! B2X Price is 1$ !! How is possible! SBTC price is 21$!! But why they are fallen down! Then Bitcoin Fork isnt helpful for Bitcoin? I am just confused.

Please Share your opinion.
Thank You.

it is simply because there is absolutely no usage for any of them. from bitcoin cash to bitcoin holiday (or was it new year!) they are all useless junk which were created so that a bunch of people could fill their pockets with more money. something like that is not exactly going to thrive...

Hardforks like these never actually help the main bitcoin(BTC). All they ever did was to create a division in the community. I get that everyone has their right to create their own coin if they think that they could improve it, but no other forked coin has even come close to bitcoin(BTC).

Simply because there's no point in buying the bitcoin-forks. Why would you buy a coin that pretty much no one uses?

You want a good coin that is secure and transparent? Buy bitcoin.
You want a coin with fast transactions and cheap? Buy bitcoin anyway. Wait for lightning network adoption.
You want a privacy-focused coin? Buy Monero.

There's really no reason on buying other coins that are focused on payments.

I only claimed BCH, BTG & Bitcore. I couldn’t be bothered to move my coins out of cold storage AGAIN to claim the others. Money wise it’s not that much I’m missing out on any way.

I`m wondering why those forked coins were so overpriced back then?Perhaps they "stole" some "bitcoin reputation" right after the forks,but the market knows how to kick the useless stuff very fast.
Creating and selling a forked bitcoin is like selling a Lamborgini, which has the engine of some 30-year old shitty car.
It`s like they were using an already established brand to sell bullshit.

I haven't claimed a single fork myself (not even bch)...I was all in alts when bch snapshot happened. All of them were created by greedy bastards who wanted to piggyback on the btc name and legitness. No real use for any of them.

I'll tell you real answer: Bitmain wasn't behind those forks. While people says forks aren't near to bitcoin, remember those days when tx fees were very high and confirmation time was almost 1 day if not more. Wasn't there a need of increasement in block size from two to eight? Eight because we have to consider future situation.
And why I said bitmain, they have great power and can manage things as they want. BCH isn't that different and unique from those forks, just bitmain is behind it and makes money from it.

I guess the price for those forks are falling down, because they do not have real value? 
Cause i see the try of developers of that coin to justearn some easy money..

The reason why those hard fork coins value are dropping is because people just want to have them to make free money, after they claim it, they will just dump it anyway, means that people really have no interest about the fork coins and no one wants to hold them for long term, and they don't have any uses, hard forks have to be a solution to Bitcoin's problem but what is happening is developers use it to create money from thin air. So why are you shocked that this happened? Hard forks are not really helpful to Bitcoin (original), it only helps people to make money easily.

If I made up a bunch of fake "Dollarfork bills" on my computer and printed them out and then tried to get other people to value them, how successful do you think I would be? It's easy to make a fork of a coin - but such things have absolutely no value without some innovation that would lead people to desire them. The current crop of Bitcoin forks are spectacularly lacking in solutions to Bitcoin problems, so they keep falling as the initial speculators who bought into them are forced to dump at a loss. This outcome should have been obvious.

The forks were simply trying to ride off the Bitcoin brand name without any real innovation. Cryptocurrency projects that actually have some innovation or are trying to solve problems in other areas that Bitcoin doesn't address, they want to build their own brand. Not be derided as dishonest counterfeits.

All these forks are just a waste of effort, after bitcoincash made huge profits everyone else is copying them. Bitcoin candy, bitcoin, gold / diamond what on earth are these nonsensical coins good for. Not surprised to see them go to $1, they aren't worth more than that

They are falling in value because they are useless. People got the forks for free, and many of them didn't cash out because they didn't know, didn't wanted to move their bitcoins out of cold storage, thought forks are going to grow in value (and they did for the most part). Only this speculative aspect kept forked coins from tanking completely.

Yes, I totaly agree with the guys. Every listed currencies were nothing useful, only a namedropping and clickbait, so Bitcoin really matters, and them are not.

I have stopped following the fork on all coin, I have suffered a great loss because of following the fork and already decided I will not follow bitcoin fork, NXT fork or whatever it

I do not hold all that coins, there is only one that I have that is BCH but it has been sold too and have no interest to hold it again for a long time, for fear it will be the same garbage as token. Maybe the lack of high enthusiasm in the market so that the coin falls on the market, may still require a lot of time again so they can recover. At the beginning of their appearance many say they will rival the value of bitcoin, but now proven, no one can rival the bitcoin in cryptocurrency.

He fell and again goes up, bitkoi does not like when he builds hopes, he loves the strong!

When the Bitcoin Network forks, some of the value that was in the Bitcoin network splits into the forked chain. When Bitcoin Cash forked from the Bitcoin network.

Individuals like Randy are referred to as whales: individuals who hold positions so large in the Bitcoin market, that their bid and ask orders are capable of shaking up the market. Since it only takes a few big players using a similar strategy to drive the value of Bitcoin up or down, when an opportunity like this presents itself (a hardfork), the price of Bitcoin may not reflect the true value of Bitcoin.

This is simply because these coins were not used to most transactions involving in the cryptomarket. They appear to be the same as other ICOs which are established to make different platforms.

most of this forks end up as an ordinary altcoin without value, community or other things. they usually only managed to achieve the high price because they had the word "bitcoin" in their name, then big player makes a pump and dump. they made money and many other lose money.

There are so many of these fork coins. I recently discovered the presence of coin I do not understand in my wallet on my Binance account. I connected to Support and when I asked what they were, I was informed that the coins were separated from Fork and Bitcoin network. Now you can have so many things even without asking. Not all Bitcoin forks after BitcoinCash are effective. I think it's included in BitcoinGold. They are all coins created to be converted to a certain amount of money. And besides raising the price of bitcoin at the time it is done, there are non-purpose coins. BitcoinCash out of the feeling of excitement and development did not occur at all, I guess. Anyway, what I'm saying is that BitcoinCash approves the development. All the other fork's melted away. We do not even remember the name of a majority.

They just made it for money. It is from nothing at all so of course the conclusion is also nothing.
How could something be valuable at the start? That is the real question. Why did it grow that much in price?
Who did it? It is not even one genius creation by just a cloning strategy just so they can make money out of FUDding bitcoin and then taking the new ones to the bullish trend.
Ignorant victims do go with the flow but if you are wise enough, then go to something which have a product and support is as hard as you can.
That coins that you said, they pump it and then leave it like that after their profit from the bull run.

it is because they just a free coin that given to bitcoin holders. if the fork coin doesnt have any use, surely it will falling quickly.
but you can see bitcoincash, it has increasing much lately.

Because bitcoin forks do not bring anything of value to the community or to the market, most of them were just a way to try to get money out of dumb investors the only coins that I got from the forks were the ones that I got when the blockchain was forked and most of the time I do not even took the time to claim them it was just a waste of time and the decrease in the price of those coins only proves that I was right.

Its because it will not gain any support or traction from the community. Remember what happen to Bitcoin Cash? Everyone just joined the hype because of the free coins that we will get after the fork. But after that almost everyone dump it but then the personality from behind started to attack Bitcoin, even claiming that big blockers is the scaling solution and that they are the real Bitcoin.

However, we all know what follow next, because after the hard pump, it quickly falls down which means that not everyone really supported Bitcoin Cash because it is just another altcoins.

It happened just like other coins, they're just being used to gain profits from new investor while there is really no usage for the coin. Bitcoin alone is enough at first and until now for transactions purpose and more forks from it without anything attractive other than making money from trading are prone to destruction. And i think not only bitcoin fork but most other cryptocurrencies will face the same conclusion from time to time.

I think what happens in 2017 then makes the bitcoin value rise because there are lots of bitcoin forks. this is certainly a catastrophe itself, entering the beginning of the month in 2018, the correction began to occur in the market, consequently there is a lot of crypto that lost value of more than 70%. plus the ban from several countries and the closing of several large exchanges and followed by internet giants like facebook and google. this is a big accident. then it's no wonder the market is getting lower because the asset value is more than half lost.