Bitcoin Forum

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?

Hard fork usually is done to upgrade or improve the underlying problems or errors in the network or to resolve scalability issues so definitely it is a positive event but very complicated at the same time and different coins have seen different results before and after the hard fork so we cannot be sure in which direction the coins will move after the fork.

Well, only time tells that if it is good or bad. I mean if it proves good, it is good and if it don't then its bad. Simple. Btw in my opinion it should be good but in reality it hasn't been proved good for most of the coins.

They do a hardfork when they think that theres a need to upgrade for that specific coin. Its price is undeniably increasing. I invest to those coins that will do hardfork before, like bitcoin and eth which will have an upgrade this January.

If I do have that coin, Id love to keep it for awhile and sell it later.

Basically if you are asking about how good the hardfork it and most of the developers will try to avoid it.  But when it comes to the only way to increase the scalability of the blockchain and ix the problem and it does enough to do a hardfork. But most of the developers will be refused to hardfork their platforms.

I do not understand the real purpose of Hardfork, but the impact is not too good on prices. I was traumatized by the hardfork BCH which caused a split and caused a decline in the BTC price in 2018.
hopefully the next hardfork will have a good impact on prices.

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

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.

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 .

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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

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.

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.

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%

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.

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

Both.

I won't.

Free money, sell it.

When the hard fork BTC was very interesting, it made the bitcoin holders more attractive, but after the hard fork BCH there was a split and the market was very alarming. It's actually a pomegranate if this happens again, but for ETH, it hopes to give positive things to the market and crypto.

In my opinion, it's not a very good thing. As a result, mining power is reduced. Of course, on a side of the rotten apples can be evaluated as a good screening.

Usually, it is good. But it would be bad if the scammer wanted to take advantage of the hard fork to scam, the Hard fork would make the new cryptocurrency work better than the old cryptocurrency if developed properly.

if you look at it from hardfork experience especially, forks are very good for price developments. every hardfork price will definitely increase. but not all hardfork ended well, like yesterday's hardfork bitcoincash which made the market worse. because of the selfishness of one or two people.

Maybe hardfork is more on something good and fixing it. If we talk about Hardfork ethereum, which according to the news will occur in the middle of this month, I think this time will bring quite good news. We can see the ethereum condition for a few days. But you can and may also assume another.

in my opinion, there are some hardforks that have successfully raised prices. but there are some hardforks that seem less successful. we can see NEX-ignis, btc-bitcoin diamond, or even bitcoin cash - bitcoin SV.  in my opinion, some hardforks are less successful, and can't increase prices.

Normally hard fork happens only to see a price change and this time I think the result will be positive when compared to the current market position as day by the ETH value is increasing is a good sign and hopefully this will end with a positive sign.

It will depend on what the conclusion will be.
There are instances that after a hard fork a bug comes out and it scares the hell out of new investors causing a slight panic.

But it can also be a good thing since everyone will try to add more of the coin that will be forked coz they want to receive a higher number of the new coin that will be released. One example is BCH.

at this time I was less interested in Hardfork. what's more, this time Harfork ethereum seems to be forced. imagine there are 3 hardforks that will happen this month, isn't that very absurd. even though the 2 hardforks are not official, but still it is very strange.

I think that is very good for the coin. After all, it is done to improve the network, not to worsen. Therefore, the price of a coin is growing at a good pace.

The crypto space is awaited for one of the biggest and first forks of 2019. It would definitely have a huge impact on the ETH price, as it is happening to transform ETH into an updated version, which helps it to grow. We may expect that Ethereum price going high and the other cryptocurrencies might suffer a downfall for a short period of time during hard forks. Ethereum rose by around 85% over three weeks time.

We have seen similar happenings during or before Bitcoin Cash hard fork, wherein the other cryptocurrencies suffered for quite a bit of time. It is hard to predict the long-term impact of a hard fork and its evident that ETH is in a very critical phase now, as its going through a significant transition phase.

Read more about Hard Fork:
https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks

There are 2 types of hardfork a project may undergo. First one is, implementing a new feature which is really a head ache because we are going to use the same environment hence sometime backward compatible will be missed out. In that case, people need to swicth over to new version compulsorily. Otherwise we will have 2 coins with same features.

Another type of hardfork is just imitating a existing system and re-creating based on the balances and features. BCH is a good example here. I guess there will be no big head ache of this type of hard fork as it is switching over to a new system hence no worry on backward  compatible or anything similar to that.

A Hard Fork is an action done by a coin's team to change or to create an enhanced chain of its own blockchain.. i thi k its mainly used to help raise the network scaleability to maintain a safer blockchain and a faster transactions emission. The forks then are providing a good enhancements into the main projects so i can say that they will have an effect of the project so it can drive a pump or a dump.. who knows?

There is always a reason for every fork that is done. So it is to have a better result, which means you should get better reward.
Even if the price dumps, in the long run, it will still rise, because the upgrade will pave way for mass adoption.
You just need to ensure that you get a good coin, whose fork is intended.
You should also be the one to decide whether to sell or not.

It depends on a variety of different factors. First of all, hardfork split the coin community and it is a bad sign for every crypto currency. But an upcoming hardfork pushes the coin price and helps to make great profit.

I do not know, but I want to get this coin and therefore transfer to my wallet those Ethereum coins that I have. I think that the price is likely to rise only to $ 180, and then will fall to $ 140.

As far as I understand, we expect 2 hardfork etherium. First of all we are talking about ethereum Classic Vision, which is not official. This is most likely a split from the official team. And now we have to judge for ourselves the prospects of one and the other coins.

I think the fork need to say when will come the coins and get to know the team and what they going to do with it , just had a lot of forks and they all ended not successfully!

Usually it rises , because if you buy / mine and hold tokens/coins before hardfork then you will get new coins on new blockchain compared of how many you was holding before hardfork . I don't see forks to be sucesfull , and see no point of doing them . Only when there is major breach in code

Investing in a hardforked coin will depend on the stability of the original coin before the splitting. It can sometimes bring in good profit when the new coin starts to grow.

Either a hardfork is good or not actually depends on the token
For the coming etherum hard fork, it is an agreeable communal upgrade in other to improve the etherum Blockchain
Reduction in charges or fees too and other upgrades

I agree with you. Forks are a positive thing.  Let's remember forks and the interest they have  generated. All people love free coins and are engaged in trading of those coins reinforcing the market

If anyone will be participating in any hard fork, it will be good for the person to do adequate research, but some scammers use the opportunity to get some people phished. With time, we will get to know more.

Hard Fork  is  good because the problems being faced by the coin should be redressed at all costs so that it can  become compatible and compete with other coins flawlessly .

for the sake of improvement of networks becoming increasingly good then hardfork is required and will give a nice impact. But if for money then this will depend on how to utilize the right time to get in and get results. hardfork typically provide increased and it is often utilized to get results fast.

Well there are always 2 sides in this type of event, the pros and cons. Literally the pros of this is that a coin would eventually gather enough foundation to pull its rates up, however, the con is that it is not clear whether the fork will clearly be success or not. Though, Hard fork would definitely brings good news (I hope), not unless these forks news became a FUD which contributes to downfall of the other.

I'm sure that most of the hard fork is good for project to fix important security risks found in older versions and add new functionality, it's hard to said that price will up or down after hard fork happen, I won't sell it if project announcement their hard fork plan, Why? Because I'm lazy doing the trading action  ::)

I think a hardfork is not really good. It's like diluting a stock by issuing more shares. Normally a fork, brings down the value of both coins.

As far as i know,hard fork is meant for upgrade or to improve on the network, base on that I guess is suppose to be a good one but at times things might not go as planned, if things ho as expected then it is a good one but we have to wait and see what will become the outcome of this much waited ethereum hard fork,I hope it will be a good one.

for me hard fork is good idea for me because it is the upgrade of the coin or innovation again there are lot of chances that some coin will accelerate more.

like bitcoin when bitcoin cash launch the price of bitcoin rapidly increase.

There is a hardfork that reveals this has a positive impact but this requires a process to be able to have a positive impact on the coin, not to happen like the hard disk BCH. Hardfork BTC gives a tremendous impact on all coins and this is very much missed by all crypto lovers.

Last year many altcoin is launch for hardfork bitcoin or altcoin, almost of altcoin have starting from hardfork have higher and value, but when starting with nxt or ignis altcoin could make many investor have lost much money because their hardfork altcoin do not have higher value, today we will faced with ethereum hardfrok, could be etcv have higher price or just become lower altcoin and never have higher value.

The reason for upgrade of a coin is to improve on it and growth and development must be a going concern. Now, as it relate to market reaction of coin upgrade, it depend on the narration and market perspective of such upgrade.

Forking for upgrades are always are always good and indicates an increase in price. But a fork that can split the team or community because of differences doesn't guarantee an increase of prices. But many people goes excited since there will be free coins if they buy the coin to be forked. But long term there is no guarantee. Look at BCH now.

You're right. I remember when i loaded up ETC last year due to the upcoming fork but the price didn't rise as expected as the hype was very low unlike the NXT fork. For the upcoming eth's fork, i think it's a significant fork as it will change ethereum from using pow to pos.

I think it is good for that coin which is under fork. ETH may be best example of fork. Last year ETH was suffering of price which was under $83 but when fork news come its price going up and now $156 already. So i can not say it is bad.

Hard fork to me is not bad base on the idea,the idea is to upgrade or improve in the network but it might bring down the price of the particular coin if it gave birth to a new coin.

I have no experience for technology but I see that hard fork has two cases
- Upgrade to improve. Errors will be fixed so it's good.
- Creating an other coin. No one can know exactly, the time will answer.

For both case, the price will go up till hard fork then it will down.

hardfork is done because there are certain reasons, such as the bitcoin and ethereum hardfork process, the need for coins continues to grow so it must multiply supply with different variations that allow to cover up coin weaknesses, update blockchain technology, security and stability.

Usually hardfork always has a good impact because the purpose is to upgrade the network. Coin which plans to do hardfork, usually will increase significantly, because many people will buy coins that will do hardfork. So it can be concluded that Hardfork has a good impact to the coin.

In most of cases, in terms of prices, the prices almost always gone down whenever there was hard fork of those coins. I rarely noticed price rise whenever the hard fork came, but in most cased, it will be needed to do hard fork to improve the problems with the blockchain of that particular coin when any hard fork announces.  

somehow yes, somehow no, if a hardfork update will really going to benefit the crypto, it will be beneficial but if the hardfork is just intended to create a new coin without really a nice update. It will be not good as the market cap is divided for the market.

traders usually take opportunity to earn profit when hard fork.get new coin be main reason for them and also price rising before snapshot, but we have to sell it when snapshot done, cause price goes down after this.

This means that the coin cannot give anything to the investor anymore and you have to hold the plug in order to attract more investments. But I do not know much of examples when the fork surpassed the parental coin or gave excellent performance, so maybe I did not sell it, but I was already careful.

That's right, everything has many different sides, hardfork may be good and may be bad for investors, but I believe in the future it will tell us. Now I guess it will be good for Ethereum's price and make it rise again, what about you?  ;D

Is hard fork an upgrade to a coin? Yes, I have been into research about fork and it does compromise on upgrading coin. According to wikipediaThis is what happen to bCH and BSV. Now, the crypto has been splitting into two but BCH still has dominated over BSV as coinmarketcap.com shows the ranking list between these two crypto.

But, If I were to chose then I will go on BSV because this is the hardfork of BCH. A new and upgraded software for BCH is BSV.

Hard fork effect?

For now the effect is bad because it influences bitcoin market price drop. Sadly bitcoin market price reaches its bottom at 3.2K USD.

Due to the bitcoin hardfork and that creates a lot of confused among the speculators, buyers and investors. Hardfork is not a good thing but as long as that will be only upgrading the system and it's alright, nothing wrong with it.

The official fork of Constantinople is an extremely useful and necessary thing, this is an update-bridge that will allow team to upgrade the Ethereum network to version 2.0.

The existence of a hard fork hopes for good and has benefited so that we can enjoy rising coins and the market gets better.
Many crypto lovers hope that all can return to good and developing.

If me i heard from friend, actually hardfork is not good for that coin itself. But coin that hardforked it will increased in price because people want free new coins that can get for holding it. If me if i have that coin, i will hold and sell when before it hardforked.

some people consider this hardfork event to be a good opportunity and a very good development because it means that more coins will be created and more solutions will be created from cryptocurrency, while traders may be happy to be able to take advantage of this situation to get profit because usually when a hardfork occurs, the price of the coin will go up.

For me, Hardfork were made to create a competition which platform is better, faster and secured. It can't be denied that that when there is a hardfork, there will be a pump for the original altcoin and a dump for the copycat. It is good in terms of making money because of the bonus altcoin you will get from hardfork but technically speaking, they only making business out of it and confused new investors.

If this happens then we will have more benefits in HF. I believe that new technologies will be applied more and more people will know. I am waiting for this event and will consider many options before investing in ETH because for me ETH is the whole life.

In general, I have not always been very good at hard fork, because I saw something similar only in BTC, but as we all know that ETH is the fork of the ETC project, therefore, in general, I think that such investment should show that ETH continues its development .

Hard fork is a means of scaling a project more although it's has been turned to a quick means of grabbing cash, but overall the reason for hard forks is to upgrade a system. In a way its a good thing.

When a coin moves forward to a hard fork I think it will definitely go up but for a while, and I will invest in the coin that has done the hard fork and I will also hold back for a while until the price I expect is reached. But if the price doesn't move anymore, surely I will immediately sell it, and that's probably the right step.

In Blockchain system a hardfork is very posotve
Positive on paper
Positive on records too

But ideally, hardfork are always followed by dumps

What impact in the long run hard fork will have on the ETH network is not clear in advance. The goal of each hardfork is to make positive changes to the blockchain platform. At the moment, I see the positive impact of the announced hard fork in the ETH network, as many acquire ETH, hoping to get a free coin, thereby increasing its value.

I don't see that, I believe that after the update of the hard fork of Ethereum will make it more solid and have a better price on the market. Because the current price of ETH is too low for people to trust and buy them more than Bitcoin  ::)

I think hard fork is good. The price will rise or fall thats depends Hardfork itself. if i own a coin that announced a hard fork, i will hold the coin until the hard fork has been done.

Good or bad for a coin holding a rigid fork with the advent of a new coin, one cannot say for sure. This is one of the main ways of developing and improving cryptocurrency. If the development of a certain cryptocurrency is stalled for any reason, then hardfork is one way out of this situation. In any case, I do not think that forks harm cryptocurrency. Users always have the choice to use an old or new coin.

The purpose of the forking actually ia good, forking happen because there are bunch of people requested the better version of the coin, but most of the time people used the forking to make themselves become rich, usually when the coin want to fork the price will go up because people will buy some to get the extra coin when forking, but after that there will be a correction

Hardforks are good. The only bad hardfork was bitcoin cash hardfork which cause a hashwar.
Haswars are not good to community and price drop too much because of this war.

For its improvement, yes it is advantageous to the coin. But, I don't admire hard forks that creates a new coin. For me it does only add up to the crowded numbers of coins in the market.

Hard forks allow you to upgrade the cryptocurrency, thereby eliminating some errors. Sometimes hard forks can bring good money and this is undoubtedly a positive side.

Hard fork happening is really good but Constantinople is the one which will badly affect the coin value. A lot of them are really scared about the market situation as how it will be affected, few say it may go down nearly to $50 and few say the value will surely increase but we have seen what happened earlier just before few months what Bitcoin cash did. I think th the same might going to happen for ETH too.

The crypto space is awaited for one of the biggest and first forks of 2019. It would definitely have a huge impact on the ETH price, as it is happening to transform ETH into an updated version, which helps it to grow. We may expect that Ethereum price going high and the other cryptocurrencies might suffer a downfall for a short period of time during hard forks. Ethereum rose by around 85% over three weeks time.

We have seen similar happenings during or before Bitcoin Cash hard fork, wherein the other cryptocurrencies suffered for quite a bit of time. It is hard to predict the long-term impact of a hard fork and its evident that ETH is in a very critical phase now, as its going through a significant transition phase.

Refer the link for a detailed analysis. https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks (https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks)

If you bought Ethereum a month ago then of course you will wait and it is better for beginners to wait for a better entrance to Ethereum, as the rate will now fall

In my own opinion a hardfork is good in the sense that the developers itself are trying to improve their project that results to another clone coins from the original one. But the downside of this case is that the users and community were usually divided because of the other coins that are introduced during the hardfork it creates a division of the supports from the community.

Hard fuck in my opinion is good because it's brings about rise to new coin with an improved addition
Not always has this good smoothly but hard fuck can being about increase in price

Hardfork is meant to enhance efficiency as well improvements and development of the coin/altcoins getting involved. In some cases a new coin might be Generated as a result of the hardfork while in some cases it won't rather bring a different/nee high Performance on the Coin features for users to enjoy. A good example was the BCH hardfork that happen around late 2018 while the next we are expecting soon is Ethereum hardfork.

Forked coins were just useless trash,they als like another crypto currency which will work independent of which cryptos they were forked so you don't have to invest on them if you are a holder.Maybe it will be profitable when you buy and sell them immediately before and after the fork repectively but investing at it later on makes no sense to me.

My opinion is, hard fork helps to grow or move forward. Like after Ethereum hard fork, I think ETH price will increase and hard fork coin will do better too. So, I take this hard fork positive for the Ethereum.  Constantinople is not a typical fork, there will be no new coin as I know, this hard fork will upgrade the Ethereum Network!

it all the depends on what the hard fork is focused on achieving, in the case of Ethereum, they are about to improve the blockchain which is a positive sign that the developers are working to make things better. In terms of price movement, i do not think the price will go up, since no news of a real and legit coin will be generated through this hard fork.

It can be considered as hardfork, hardfork is not about the update which always generate new coin from the separate blockchain. I guess you should understand deeply about that. Hardfork is the way to update the live protocol in the blockchain system.

I think that a lot depends on the situation. Sometimes there is a need for hard forks and it can improve the performance of the network. But most often it is done to create a new coin and this is bad.

Harfork is always an opportunity for those who know and understand ut to make some money, because the coin that is itself forked, will rise for some time, before falling again.
For every hardfork, there should also be a usecase. So that is another area it can be of benefit.

hard fork is usually made to improve software so it's a good sign that project continues to develop and grow.

For me the hard fork which is good for me because i can buy a lot of coins with a low of prices and have a possibility that after the hard fork it will make a huge of prices in the market.

For coin holder, i think hard fork is good because they get a free coin. Some coin after hard fork, the price increasing but like what happen on BTCH, the price drop. I think its depend on market sentiment