Bitcoin Forum

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

you can not flatly generalize all of us as profit seeker, that is true most of us are looking for profit but there is someone who is looking for innovation in technology. it is not wrong about the fork is just a copycat because that is the truth, the code is created based forking on another project code. fundamentally this is not bad, because we can get it for free but technically this is bad. you need to see it from different perspective, there are pros and cons.

Pretty much everybody who cares about the use and future of the coin, not only the speculation and short term profits.

People made fortune of that fork but a good project should not be judge like that, it should have a long term success, and please, can you tell where and what happened to these coins now? based on what I see they dumped already.

zclassic was popular before but I can't see it now,..We do have our own judgement really, so what's good us, we can do it but we look at the overall value of the fork created to the market.

Forks aren't bad, but it's just better to choose with new technology. I think the excess of the fork from my mother lies in speed, because network traffic is still small. and forks must focus in terms of creating ecosystems in partnership, promotion, and trust. A solid and active team is very important, so that they are no less competitive with real coins. For now the forks are still being debated, but in my opinion if you can still make a profit why not ?

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be careful with manipulation

If you are trying to judge based on past gains from fork coins you are totally wrong, if these fork coins are that good then their present state will judge, as far as i can see they aren't doing well, they've lost too much value as well, if history is ever going to repeat itself new coins will return such gains and these forks will be left out

indeed, at the beginning or before the fork, coins will usually experience a decrease. but usually after the fork is finished, the coins will start to rise and can go up to the month like in 2017. when it also happened some forks on bitcoin and etherum before the rise to the moon. logically, development is important to increase coin liquidity so that volume can increase to pump up prices.

I agree with your sentiment but i don't agree of your comparison, who can say that their against of those fork profits? the truth is we are after those free fork coins for instant profits, But how about those who has long term vision and investing with huge amount of money and time. literally most of the fork coins has no difference from original one because they are just copycats or maybe it has but not so important at all, and i don't believe that those copycats can beat the original, those fork coins are only lucky because when it was done forking the market was good that time when it was listed like what happen in the most bitcoin forks way back (2017-2018) and look at those fork coins today except bitcoin cash most of it was already dump.

This is like saying that pyramid schemes aren'ta bad thing because some people do manage to get out with a profit. Most of the time forks are a very bad thing exactly due to the fact that they are a bad copy that comes with no extra technological benefits - they are solely built for someone's profit.

Yeah they are not bad from the perspective of profit seekers but if that hardfork is trying to meddle with the already existing coin like bitcoin and trying to gather or lure people into using their hardfork coins with all the dirty tricks that means it’s bad. Althouh most of the time when I got the airdrop or free coin from all these hardforks I will just cash it out as fast as I can.

Does profit is everything in crypto? No, It's not about the profit, mate. It's about the use cases, adoption, technology. Most of them time fork is not helping its main coin, they become just another shit coin. Bitcoin cash is a good coin for profit, but most the true crypto supporter doesn't support it for various reasons. You have to understand the fact, profit is not everything,

Forks on the category of there own, must not be generalized as good or bad especially as a whole since even though it's just a "copy cat" crypto, it does have a significant amount of clients who enjoy using it. Famous forks become what they are right now because they proved to be useful for many investors and use case for some.

I think this depends on the intentions of fork. If the fork is done just to money grab then it is very bad but if it is done to fix glitches and bugs then it is good.  Sadly, the coins you mentioned are just for money grab and that is really bad.

Many fork coins are actually bad, you mentioned zclassic but it looks like an abandoned project already, no new updates and no new exchange listing, all three available exchanges are small exchanges, i know few forks are good but you still need to do your research very well before making decision on fork coins

You only mention successful coins, why don't you mention coins forks from NXT = Ignis, failed forks!
I'm not here to say that forks are bad, forks are good because they fix the old system to be even better (on the main coin). but when talking about new coins that appear in the fork, it is not necessarily all good. profit is only temporary, in the long run nothing is profitable, just look at the price of bitcoincash down very far from the initial price.

Many coin have been success and failed depend how much price with their first coin, if main coin to hard fork have higher price I think next time with their coin fork could be with higher price too, look like NXT coin hard fork and have new coin called with IGNIS have lower price because with first coin NXT have lower price and IGNIS allow with fork coin.

Do you have any idea how many Bitcoin fork coins we have?
20?
50?
100?

NO! There may over hundred fork coins in the market!
You should visit this website : https://mapofcoins.com/bitcoin/

Most of this forks are just another shit!

If you are talking about the profit from these forks then yes these are good but if started by legit developers many will try to do a fork without have any knowledge and just launch a shitcoin. If the developers behind the fork are great then we will really get the profit. The first profit will be the price of the original coin which will increase to the highest value.

People just left the BTC to fork for make money. However, time has shown that Bitcoin is more than hundreds of projects devoted to it. There is no Bitcoin fork yet close to the BTC. Bitcoin Cash and all other trash together, Bitcoin alone!

so you go concluding that forking is money making?

i'd didn't look at it that way since i didn't claim the forked coins i suppose to have. those who did sure just dump the free money they get. but i'm sure those forked coins only have few people in their community fooling each other. there is not much people who are with BSV today, they can probably can nod each other to go back hundred to thousands of blocks to invalidate previous transactions.

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.

Coins which are giving huge profits are not good coins! ???

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.

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.

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

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.

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.

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 :D
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

And i dont see any use cases of fork coins in real world other than trading and make a hype out of it.
, 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.

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.

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.

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.

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?

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.

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.

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  .

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.

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.

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.

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.