Bitcoin Forum

Since Bitcoin appeared it has been controversial. Its value increases gradually. But there are also times that fall after the Hark fork. So if you do not have hark fork, the price of Bitcoin will increase or decrease

The price of BTC will be slightly higher in my opinion if there weren't forks. The community has been split when people were debating concerning the blocksize, causing the BCH fork, causing a small percentage of the money to move from BTC to the BCH chain.

Long term though, I don't think the price different matters.

Agree, or nothing would've changed at all. During hard fork people buy bitcoin to get free fork coins, demand on bitcoin increases. People take advantage of fork to get free coins.

Small percentage? I don't think so. Its a pretty big percentage in my opinion and BCH is the most successful fork among them all since it consistently stays in the top 10 rankings in CMC proving its popularity.

However, I don't like BCH and will never support it since Bitcoin will always remain my favorite.

Hard fork has no direct impact to bitcoin price imho. Probably once there will be a hard fork and people are buying more bitcoin for free fork coin then it make the bitcoin price increased, after everything done and people start selling bitcoin back after getting the fork coin so the bitcoin price is decreased. In this situation, the main thing that make bitcoin price will go up or down is still the demand on bitcoins not the hardfork. Hardfork is just like a thing that makes the demand on bitcoin increases.

I think it would have been a lot higher. The fork that caused the most damage, was Bitcoin Cash. This fork used clever tactics to confuse potential investment in Bitcoin <BTC> by hijacking Bitcoin <BTC> domains and re-directing traffic to platforms where they sell Bitcoin Cash. Most people bought Bitcoin Cash by mistake and only realized this when it was too late.  >:(

The snake oil salesmen like CW and Roger Ver knew that would happen and they targeted this segment of the market by marketing Bitcoin Cash as the supposed "real" Bitcoin.  ::) :o

This is one of the most controversial topics to date. We can see too many events that Hard fork Bitcoin prices were increasing in 2017. If no Hard fork events are happening, Bitcoin cannot reach half of the current value. The hard fork has pushed up the demand for owning Bitcoin, so rising demand has made Bitcoin prices inflated.

I recently saw a table in the local section. Bitcoin's got more than a hundred forks. And each one took a little mining power from Bitcoin network. However, the loss of BCH and BCG fork was the biggest, unfortunately, we lived with. Bitcoin took the biggest damage because of Bitcoin Cash. But I think there is no future for Bitcoin Cash. Just like SV. One way or another, it will be gone!

I don't think that a hard fork has an impact on the price of bitcoin. With or without hard for the value of bitcoin solely depend on its demand in the market. We've seen that there was a hard fork but those coins were just dumped after being forked it didn't have any big or small impact with the price of bitcoin.

Bitcoin prices are very difficult to predict, this year there will be an increase or decrease until the lowest point. The decline in bitcoin prices due to the presence of hard forks and massive sales when bitcoin has increased in 2017.

Yes that's right, infact if the hardfork happens the price automatically goes down. As of now BTC shows some descent price value and hopefully the market will turn green in couple of months, BCH was the one which bombard the entire market while BTC was in its peak. I think BTC is slowly improving now and bounce back again.

If I remember it right, when BCH splits from BTC, the price of bitcoin went higher. The logic is, after claiming BCH, holders of BCH sold their coins to bitcoin thus pushing the price up. So even though there is a split of support, the fork also gave purchasing power to those who believe in bitcoin.

if bitcoin doesn't have hardfork the price will depend on the market, according to the law of demand and supply when many people want to buy bitcoin then the price will go up, and the otherwise if many people sell bitcoin then the price will go down

Theoretically if there were no hard forks of Bitcoin it's price should have been higher because most of the investments would have been contained solely within Bitcoin. This is only a perfect market scenario though. Hard forks are just shit coins that try to steal from Bitcoin market share thus lowering its price.

Regardless if it's the most successful bitcoin fork, it's still severely dwarfed by BTC. And take note: It didn't even cost anything to produce all the BCH; it was pretty much made from thin air. The money lost was just from the people who sold all their BTC for BCH, which I think is a very very small percentage of bitcoiners in my opinion.

One way or another, most hardforks will fail anyway, and that money will find its way back to Bitcoin at a later stage.

The main positive side to Bitcoin and BCash is that we can now see off-chain scaling in action, and on-chain scaling. People won't ever have to ask themselves 'what if on-chain scaling could work, but because we're not putting it to the test, we don't know'. Here is the test.

I am almost 100% that on-chain scaling is not going to work long term speaking, but there apparently are people who do think it will work, so this is the best way for them to be proven wrong.

Hard forks did not affect much. Maybe didn't affect at all. Their main use is for speculation and I expect the bigger investors be smart enough to stay away.
Overall the altcoin market may have diluted somewhat Bitcoin value because some have invested into altcoins money they may have invested into bitcoin otherwise. But bitcoin forks are a very small part of it, so again, the effect was small to none.

If there was no hardfork the price of Bitcoin would have soar higher compare to what it is today. Remember, the last fork that took place, we saw many people who withdraw their Bitcoin just because of the fork thereby reducing the price of Bitcoin. Many potential investors in Bitcoin move their portfolio from Bitcoin to altcoins.

I just observed this when BCH was born last August or September 2017 I think? By the time there was a news in forking of btc, I was just a newbie that time. The price relatively went down because of I don't know a fork? Maybe. But, after forking, bitcoin goes wild. From 3k to 5k I think?

You may not understand that the hard fork is pushing Bitcoin to increase quickly. When every Hard fork event takes place, the need to own Bitcoin will increase because when you hold Bitcoin in the process, the Hard fork will get a free token after the hard fork ends. This has actively moved to Bitcoin and helped it raise prices every time the hard fork event takes place.

as i have speculated at the time of certain forks, they have influenced the market and price of bitcoin in some certain cases but they were never a significant force to be considered affecting the final result. so generally speaking i have to say no, without these forkcoins price would have taken pretty much the same route that it took in the past couple of years.

however in certain cases like the BSV fork which was a severe attack against bitcoin, the price fell below $6k because of that fork so if it never existed price might not have fallen and not falling meant accumulation phase would have ended sooner and rise started sooner too. and as a result the current price would have been higher.

Yes, as we can see from the last fork when the holder got bch as a free coin and the bch price wasn't too bad at that time, many people seemed to be waiting for the next fork to catch the same opportunity. Hard forks can increase demand significantly which will certainly increase prices too.

I think so yes if there is no hard fork I believe the value of bitcoin will be higher just as the same if there is no any other cryptocurrencies and bitcoin only exist the price could have skyrocketed more then what we have now. The hard forks affect the price of bitcoin slightly before it can recover.

I'm gonna go and disagree with you, I believe the anticipation of the bitcoin cash fork caused the bitcoin price to rise substantially.  People are forgetting how hyped bch was and it ended up rising over 3000.

the bsv hash war was a complete shit show though and that absolutely tanked the price of btc.

This is just an assumption that the market cap of all the Bitcoin Fork be put to the current market of Bitcoin, it will simply mean at the Value of Bitcoin would increase. Imagine these list of forks (https://www.forks.net/list/Bitcoin/Forked/1)'s market cap added to Bitcoin, it is undeniable that Bitcoin could be way higher than what it is now.

The fork has a possitive and negative effect on bitcoin in my opinion, why I say that? Let's see, if there's no fork bitcoin community still be one and not split like now debating which one is the "real" bitcoin. but if there no fork like bch will bitcoin price increase? cause when fork happened bunch of people buy bitcoin cause they want to receive bch as free money right?

This is completely dependent on the capacity of the coin that makes fork. Big forks like Bitcoin Cash unfortunately hurt. But there is a lot of unnecessary fork coin. I don't think they have an impact on BTC.

if there are no hard forks, bitcoin prices should be slightly higher than now, maybe around 5%
because there are some people believe bitcoin cash, bitcoin gold etc. will rival the price of bitcoin

That greedy attitude created a big impact to bitcoin value, they bought btc to receive free bch and after receiving the rewards they completely dumped both coins and enjoy the profits, if that fork never happened the value of bitcoin should not be suffer to this fall, it should be at the half or more from the last high that it reached, so I'm also in the position that the fork really bring impact to the current value of bitcoin.

It should be way higher than it is right now.Many users switch their bias to hard fork coins leaving bitcoin entirely and not trading them,if they were hundred of thousand of people they can contribute big on pumping of bitcoins price

Well, it all comes down to what those people expect from their forks. If the forks didn't exist then the investors who had moved into those respective chains likely would have just pulled their money out of crypto completely and identified some other alternative investment. I don't think it would dramatically change the price of Bitcoin, even 5% seems like too much considering the value of the other forks like Cash, Gold, there was some other fork I can't remember the name of now. Regardless, their existence probably doesn't significantly impact the value of Bitcoin. I'd assume the price of Bitcoin would remain around the same unless there is some major whale I'm missing who would completely shake up the market.

 

I'm sure some Bitcoin Cash supporters sold their bitcoins, and some newbies were mistakenly diverted away from Bitcoin. However, I think there were also lots of Bitcoin supporters who sold their bcash for bitcoins. It's hard to know in concrete terms how much these things affected price.

Compared to the activation of Segwit, though -- which basically launched the vertical stage of the 2017 bubble -- the effect of the fork was probably negligible.

I think, hard fork doesn't affect the volatility of BTC. there are no BTC cores that can beat the price of BTC. if there is a hardfork, a new bitcoin network split will be formed. So, each Bitcoin will eventually run on two different networks. but, the most decisive thing is if the hardfork coin can attract investors and public enthusiasm.

If depends the result of correction sometimes price goes up sometimes goes down after the fork, i'll remember last few year 2017 the august hard fork will give a go benefits to us the price go stregth up than expectation.

Many people consider that if there were no altcoins and forks, all the dollars that went into the market would be invested in bitcoin. But if only Bitcoins existed, a lot of people would never get involved with the market.

Forks should serve to test theories, test different ways of solving a problem. Bitcoin Cash has been testing the theory of larger blocks, for example. If the forks did not exist, the conflict between different groups could annihilate the bitcoin.

So I believe that forks increase the price of bitcoin. Allowing stupid people to simply make a fork and test their ideas instead of complaining about bitcoin forever.

Since most investors take advantage of every hardforks Bitcoin price rise due to they accumulate as much as they want regardless on which side they are. But after the fork, forked coin founders degrading Bitcoin and throws trash statements Claiming that they have the real Bitcoin etc. Etc. which is completely unethical.

The price will be higher, if there's no fork the investors won't diversify their investment and they will more focus on bitcoin, the splitting transaction volume will create a weaker coin and lower price, from a lot of forking that I witnessed it create a chaotic situation to the market and make the price falling down quite hard

hardfork cannot influence the value of bitcoin. BTC is a senior coin and does not care about hardfork. hardfork is created if the node in the Bitcoin network becomes unable to validate the new block that is valid because of differences of opinion. This valid new block validation will create hardfork, and new bitcoin blocks, in which there are hundreds to thousands of transactions that must be validated by miners. I thought. coin hard fork requires a very long process to have value. but .BTC always amazing.

it is impossible to say because although all these shitcoin forks were insignificant and 90% of them are already dead, they still had their own effects on bitcoin market that changed the price. so without them we might have seen a slightly different trend in 2017 and then 2018.
but you seem to be asking about the current price and if that is the question then i believe there wouldn't have been any difference and the current price would have been the same.

Your right mate because bitcoin is always shaken whenever there’s a Hard fork happening,Bitcoin silver is closer to the top,while bitcoin gold remains below and yes bitcoin Cash is in the best position amongst them all but it’s part of the business and bitcoin always come to recover after every fork,though this is the longest eefect that took more than a year before we experienced the good movement like what we are having this weeks now

I think its about the demand of Bitcoin. If nobody wants to buy it, people will eventually lower the price to meet the buyer's want price. Plus the price of bitcoin eventually goes up even after the fork. So basic law of supply and demand should be observed.

I don’t think hard fork made bitcoin dump because the price is already expected to dump after hitting the peak and look at those hard fork, they are useless now and still bitcoin are not that high. Hardfork is just a normal altcoin because they can’t beat bitcoin and they will never be like bitcoin so nothing to worry about.

I never know that before please do help me and provide  link or any that could support that, (Please do I have trust issue and curiousity did try to make research about it but cant find the speacific).

Plus, here is what I know if your talking about cpytocurrency. When one do buys out their investment market goes down and if of you buy it market goes up. Here is what I know, please do correct me if Iam wrong even if Iam a sr. member it does not mean I know all kinds plus a fact that Iam yet fully focus on bitcoin and my course it not market/business related.



probably correct, not sure as well (Again for all the veterans please correct me I want to learn and yes earn at the same time in my spear time.) but here is what I want to share (slightly connected to this topic) that hard fork is between the 2 kinds of altcoin or can bitcoin that have different names is that there value is different and they do not have connections. like my example is bitcoin gold (this is altcoin and does not have any connection to the market) and bitcoin is bitcoin.

the only case when a shitcoin caused bitcoin price to drop was the latest one called BSV and that was purely because the market was ready (the whales were desperate for a reason to cause panic and short bitcoin to make money) and also because it was not just a fork, it was a lot of FUD online against bitcoin creating lots of panic. and as we can see now, the effects didn't last long. it only provided whales with a big accumulation opportunity.

there are two forces in an "airdrop" forkcoin:
1. the part where people buy bitcoin to get that airdrop and make profit
2. the part where the same people get their airdrop and cash out.

the thing is, these types of people are "temporary" in the market. they come and go just like the forks and just as fast. so their effects in the long term is negligible and not to mention small. in short they may cause an increased volatility for a short time. and bitcoin being big, that airdrop has to have a big incentive to attract enough people to cause that volatility.

Basically, the price of any coin including bitcoin surges artificially whenever there is hard fork of it since there is a demand to hold it in order for people to participate in the fork. After the fork, here lies the real challenge if the people will still hold or sell off all. People usually sell off since they know that that is not bitcoin's true value, thus the price decrease. This drastic fluctuations in bitcoin's price causes the loss of trust and position in it since people think that it's price is only driven by speculation and not by demand for its use case. Without fork, I think, bitcoin's price would be more stable  and higher than its current price now.

A lot of the people I know that where into bitcoin didn't really care about bitcoin cash, and instantly sold how much they got from the airdrops, and continued to buy more BTC and hold. I believe that with the launch off bitcoin cash, some focus was taken away from bitcoin and into bitcoincash.

I think it would be fair to assume that the price of bitcoin would be higher by 100-200 USD if bitcoin cash didn't exist.

you have to remember that this is bitcoin you are talking about not some small altcoin that is 99% manipulation and 1% real people. the days of dominant manipulation for bitcoin are over although it is not yet completely out of the market as it is impossible to remove it.
in a small altcoin market when there was a fork which was giving away free money to people, everyone started buying that altcoin so the price went higher because of that "fork" but it is not true with bitcoin because bitcoiners buy bitcoin in any case not because of these fork coins. and the market is big and it absorbs anybody who does otherwise.

In my opinion, it can be a little bit higher today, although there is nothing wrong with hard fork, this is really created in the cryptocurrency world so I think we should not take this as a problem. It still depends on the USERS of crypto on where they want to put or invest their money in crypto, BCH is also good but in my opinion as what I've said, maybe the value is a little bit higher if there is no hard fork.

You know that at current prices no one really cares about $100-$200 differences in the price, right?

If BCash would have an effect on the price, it would be more than that considering how well positioned Bitmain & Co are. People may not like them, which is more than understandable, but they still own way more Bitcoin than most people here combined. That's a lot of economical mass they have as enemy of Bitcoin. On top of that they also have a large share in the mining aspect of Bitcoin, so even more economical mass there.

Too bad Bitmain dropped its IPO plans, I badly wanted to see what coins they have on their balance sheet in 2019.

To be honest im still dont know what is the mean by hard fork. I have read about it but still cannot understand about it. What is so diffrent about it. With or without fork how can it can destroy bitcoin by mean?

Here's what happened behind the mind of the people who invested to it (I didn't say that this is the exact thing that happened this is just according to my own observation and perspective):

1. A Bitcoin will announce a hard fork
2. People are too greedy and will buy more Bitcoin before the date of the fork in order to get more coins of the new coin
3. The price of the bitcoin will increase because of the users who bought more bitcoins for fork
4. After the fork was conducted and received their free coins they will immediately sell the bitcoin
5. It drops its price

But I didn't say that this always happens but this is just according to my observation and perspective around the market and here in the forum, so I may say that yes it increases and afterwards it decreases... what do you think of this idea? Do you think I'm right or wrong?

That's basically it: Bitcoin price goes higher or lower already without any kind of forks in the first place ::)

Just how markets are being as in every currency type whether is Money (fiat) or Gold.

A fork by influencial, serious or aggressive developer? Of course, such forks usually have some effect on the price of bitcoin especially if the developer moves his hash power and coins from bitcoin to his own bitcoin clone.

The price of Bitcoin does go up every few years but when there's a fork the demand for Bitcoin would be divided as others would start supporting the forked coins rather than sticking to Bitcoin.

Use google you can easily search that on your own.

Somewhat correct but I think it's wrong to think that most people who started buying are only in it for the fork because no one knew how much they would get in return from those forked coins.

I agree. But on the other hand forks are free coins as long as we have Bitcoin holdings and the only thing people invest into it is that they think it is the new and upgraded version that will replace the pioneering Bitcoin however Altcoin is always an Altcoin. Those who jump into BCH are mostly losers after it experience plummet way back 2018 and I think they converted all their BCH into Bitcoin back again. That is why if there is no hardfork investments will surely and purely poured into Bitcoin and of course it's value is higher.

I think bitcoin will still move up even there's no hardfork. Hardfork it cause to slip decision of every investor because they need to choose that will give to them more profits. But of course as we can see bitcoin is still in good value even there's a hardfork. Because it happened before year 2017 that after hardfork bitcoin got new ATH .

Since bitcoin is the determinant factor for all cryptocurrencies and also the major Pair which all tokens are traded against, the price will always increase as their will be demand for it everytime. Bitcoin usage is also on the high side and it will go higher than this. Forks have being coming and going yet bitcoin is still trending.

Usually bitcoin will bounce if there is any hard fork with potential developers. Before hard fork investors will store bitcoin in order to get free coins. But the fork should be reasonable. If just come someone who isn't well know and he announce for hard fork then we can't expect price will increase. Depend on how potential fork going to happen.

Any time fork happen its effect usually affect the price of Bitcoin just like what happened when Bitcoin Cash split from Bitcoin and I believe that it will be the major influencer that will ever affect Bitcoin. In recent time, prices of Bitcoin are influence by the forces of demand and supply.

hardfork causes the price of bitcoin to rise because people are buying more bitcoin in order to get the equivalent amount of fork coins  .  though there is also a chance that bitcoin can lost what it already regain because people usually sells both of their fork coins and bitcoin to earn a good income  . @op if there is no hardfork , the value of bitcoin can still increase due to the demand that it gets from the public but if there is a hardfork , the value can increase more evenly into an un-usual state  .

As much as everyone feared that the civil war would destroy bitcoin, it proved that the community and the network was already too strong to be defeated even by a rift. And it wasn't so much an internal rift as the media portrayed. Those who broke off to make BCH were not THAT important to Bitcoin after all and as we can all see now they are better off not being part of bitcoin. I'm glad it happened no matter what.

Hard forks of bitcoin is something what was inevitable, just because some people who are involved with bitcoin in his early stages suddenly want to show how they can create something better. How much is actually difficult to make something better then bitcoin was seen in the example of bitcoincash, which is in one point powered by huge money and media coverage come close (in terms of price) to original bitcoin. But despite all attempts it failed to become real bitcoin, but it made a certain damage creating confusion among potential users in terms of what is real bitcoin and what is not.

All other bitcoin forks were quite meaningless, and despite the fact that community did not have anything against free money which forks creates, it show that in some point people start show almost no interest for such things. Reason is low value of forked coins and fact that hackers took advantage of the situation by creating fake wallets, which resulted in huge losses.

In my opinion price of bitcoin would probably be a bit bigger than today if we did not have hard forks, but no one with certainty can not say whether this difference today would be $100 or $1000.

I think it will be both.

Higher before the hard fork because people will be all set on buying and Saving up bitcoins.

But

Lower after the fork for a while since, people start engaging in new cryptos, since our old one just split into two it also actually will make another option available for people who are thinking of investing.