Bitcoin Forum

i dont know how this thing of fork like bch , btg , ....going but we can say the cause of crazy rising in prices bitcoin 2017 is free money . people love free money
i am sur if new news say we have new fork next month that mean tommorow prices can be over 4500

bitcoin need another fork for example bch2   it is go good
it is good way for hold bitcoin and pumping prices to 7000 again from current prices

Someone's confusing cause and effect here all over again

The prices rose because it was time for them to rise, not because of the Bitcoin fork, which led to the creation of Bitcoin Cash. To put it differently, without Bitcoin Cash diluting Bitcoin's value all that time, the latter would have risen higher. The people behind Bitcoin Cash were either extremely lucky or insanely smart to fork Bitcoin at the right moment and then ride that rocket to the moon earning millions from Bitcoin's rise

Currently there are more than 50 Bitcoin forks. Another one will not change anything.
Fork are the modern way some scammy devs to make few quick bucks in 9/10 cases. A bull run will require something much more fundamental than just another fork.

At this point we don't need forks just to push the price higher.

And why we need another shitcoins anyways? The price rose because majority wanted to claim a free coins but after that what happen? We don't need short term spike, what we need is some positive news to bring the confidence of investors.

Precisely. We need  more adoptions as we all still waiting for it, another fork will give only more decent money to those whales who's holding a big numbers of coins, they can freely manipulate more if you give them another sets of free money, we have to look for more resources such as bigger news about companies or more countries that will lead to more usage so the market will be lifted up by people who will start to join the market.

bitcoin is bigger than that. the fork hype can lead to a big rise (aka pump) of altcoin prices but it won't do the same with bitcoin. there is of course going to be a hype and a rise but not that much. besides you are missing the follow up AFTER the hype! if you check every shitcoin-fork-hype-pump you can see that they get pumped first and then as the fork happens they dump hard as everyone cashes out both coins. now check bitcoin's history, when BCH fork happened bitcoin price started rising afterwards whereas it should have dropped if the pre-fork rise was because of that shitfork.

I'm not sure I see your point

You say that people wanted to claim free coins, that's okay and understandable. But I don't understand how it can possibly fuel the price growth, care to explain? If anything, the prices should have fallen as more coins essentially got created out of thin air due to fork. Say, there were 10M bitcoins, and now we have like 20M bitcoins (10M real bitcoins plus 10M fake bitcoins). Should the price rise in these circumstances? Not at all, obviously

But, how long we can keep prices up with fake bumps ? I mean how many of bch2 or bch3 or bch25, we may needed to keep price up ?  You cannot expect prices to stay up without actual holders. Moreover, without innovating enough infrastructures for people to hold and use bitcoins, we cannot dream about more number of bitcoin adopters.

Due to those people who are able to understand the future potentials of bitcoins, we are having it trading above $3000 (and due to traders and short term holders we got chances to test $20k levels). I believe at least 25% of people from around the world may start slowly recognizing bitcoins and its application and potential over the time then we may have prices trading in millions.

I totally hate the idea of "free money" or free coins.How can a coin have any value,if it's created out of nothing and you get it for free.I get that some electricity and hardware investments are spent for mining that coin,but airdrops/forks are something that makes the market kinda ridiculious.

another reason why you are wrong about thinking a fork coin can lead to a bull run is that we have already had a lot of these fork coins and they all failed. if you look at their prices, the first one had the highest value and then from then on, each consecutive fork had a lower value and as we reached about 20th fork coin the prices reached about 10k satoshi and lower until by the 50th fork coin they were basically worthless to the point where they wouldn't even succeed in lengthening their blockchain for a single day.

Having fork in one coin doesn't mean that the price will pump. But, i think bitcoin do not need any fork, it just need acceptance in all countries and governments. There is no assurance that after fork the price will really rise. But, Do you think bitcoin needs to have another fork?

Can anyone explain to me why everyone here thinks that forks actually lead to price surges?

Why does everyone think that if the Bitcoin fork coincided with Bitcoin's price rise, this rise was necessarily caused by the fork? Did anyone ever ask themselves that without this fork occurring Bitcoin would have reached a higher price? That it was the right moment to steal value from Bitcoin and not add to it? Was it a mere coincidence or an accurate calculation, if it ever comes to that again, it will most likely lead to a price crash like it should have happened and actually happened with the Bitcoin Cash fork itself a couple months ago

What are you thinking now? Forks will not be able to pump up the value of bitcoin, here we need to learn how investor trust in bitcoin can come back, not create a fork that only adds altcoins, lots of altcoins and in the end many are dead and useless.

4 words: altcoin pump and dumps

every time in the past that an altcoin had anything from fork (as in upgrade) to name change or release of a new wallet to fork (as in chain split and airdrop) that altcoin gets pumped by the pumpers.
a lot of the newbies will always compare bitcoin with shitcoins becasue that is what they bought since they though they "couldn't afford buying bitcoin" so now that world is all they know! so they think things are the same with bitcoin too.

I highly doubt another fork can make a big impact on bitcoin price. Another bitcoin schism and it might even break down and put the price into the lowest level.

What is needed now is adoption and acceptance from governments, enterprises and the general public. 

Well in advance announcement of a fork will lead to price up-surge. One recent example is Bittorent airdrop based on holding of Tron. Tron was trading  around ~300 to 400 satoshi till the "fork" announcement and now trading above 700 satoshi.

Fork announcement may work similar to POS, people will buy and hold for staking rewards whereas for free coins from forks, people may get ready with bitcoin stashes with controlable privatekeys. If you had bitcoins by August 1st of 2017, then you might have got chances to get 20% to 30% extra bonus as BCH fork as BCH was trading consistently above 0.22 BTC in its beginning days.

After BCH, there were 100s of bitcoin forks and most of them had turned junk. But, we cannot be sure how many of us were holding bitcoins for those "forks bonuses" as it was free money even it was very small.

That's not the case with Bitcoin

I think it's a little bit too much for a simple pump and dump as Bitcoin rose from 2k to almost 20k within 4 short months. I could believe that Bitcoin Cash was pumped (as that looks plausible and reasonable) but you can't pump Bitcoin that hard due to some fork. My point is that without this hard fork Bitcoin would have likely grown well beyond 20k and then have stayed well above 3k

Cause and effect could change depending on the coin tough. For example bitcoin gold didn't get much attention which means the increase or decrease in bitcoin could not be attributed to them since they didn't really get enough attention for it. However bitcoin cash did get attention and it could be one of the reasons if not the only reason to get bitcoin higher.

I remember vividly during those times bitcoin price increasing and altcoin prices dropping during the early days of fork before it happened. The reason for that is absolutely market trusting the bitcoin cash and wanting some free but also there was the fact that bitcoin cash is and was backed by Jihan Wu and Roger Ver who wanted as much bitcoin cash as possible which resulted with them buying bitcoin as much as they can afford during that time to eventually have bitcoin cash afterwards.

You don't take into account that money doesn't appear from nowhere

And while it is certainly possible that some market participants would trust Bitcoin Cash, there is absolutely no reason to think that all market participants started to also trust the original Bitcoin more because of the fork (which would explain the inflow of fresh money). Please note that I don't talk about Bitcoin Cash here and its price dynamic. I'm talking about Bitcoin and its price as it started or continued to grow after the Bitcoin Cash fork

Technically, Bitcoin had been growing months before the fork (with minor corrections in the summer), so you have to provide really solid and irresistible evidence or logical explanation that Bitcoin's rise that followed the fork was caused by this fork. Otherwise, we have to conclude that this fork actually took from Bitcoin rather than added to it (in terms of price figures)

The market now needs natural and sustainable growth  not be subject to price manipulations and power tussles at the top level.
Price pumps from airdrops usually results in similar crashes after the fork is completed, if it was the sole cause of the changes in the price

My point exactly, too many forks with no use at all. And the latest fork will definetely not influence the price at least not in positive way. In fact to my opinion forks have done more damage than good stuff and they are only good for few individuals that make money of them. So.don't expect that fork will move the market, it will not.

Hopefully those glitches from airdrops be eliminated, and crashes will minimize in order that market will recover then bull run happens again. As the fork will have to work on the blockchain correctives, it do affect a good market capability as well as demand arises. So we must wait and always be positive on good possible outcome at any certain point.

We don't know what will happen for the the bitcoin value after you said that new fork. There is only possible to happen maybe it will have bad effect or good effect but in the new fork of course we want a good effect so the price will not derease but we see the value of the bitcoin increase. I like your Idea or prediction to become $7000 the value of the bitcoin it really true bitcoin back again more than that.

You got it all wrong the price went up because finally the developers were capable of activating their solution to the scaling issues they have been planning for a long time, and the response of the miners was to create their own coin with their own philosophy, forks by themselves do not make the market to go up and if anything a huge amount of forks weaken the market.

Yes, we indeed really don't know what is the most powerful factor to increase the price of bitcoin or at least return to the range of $6000 - $7000. and what fork is likely to happen this year or in the near future, besides that ETF only make us continue to hope to boost the price of bitcoin soaring.

Correct, this is just another avenue for whales to manipulate the price again.

So it has adversed effect in the long run not just on bitcoin but on the fork coin as well.  We haven't seen any successful fork coin, well we can consider BCH because they really marketed very well and even attempted to take over, however, the consensus is that they don't have the support of the majority that's why they don't succeed in the end.

You are right about the fundamental analysis involving price rise with forks in the past, but things have changed. When you repeat the same thing over and over again, it stops mattering, and now forks no longer have an impact on the market, nobody cares about getting some free shitcoin. It would take someone with an huge twitter megaphone to attempt to create a nice pump and dump fork. If you get some celebrity with millions of followers you can get enough suckers. But it would be just so short lived that I doubt it would do much.

What we need is just patience. Bitcoin must remain strong and solid, then fiat will collapse upon itself and then a neutral global asset like Bitcoin will benefit, we don't really need cheap tricks like fork giveaways and so on.