No wanting to sound ignorant (also apologise if this has been asked/answered elsewhere) but what exactly are these forks?
How/why are they coming into existence?
Will we be given 'free' CC for holding BTC?
Do we need to be on any particular platforms (coinbase/gdax/bittrex/etc) if the answer to my last question was yes?
Is it wise to hold them or sell them if we get them?
Is there a consensus that BTC forking multiple times is positive, negative or neither for BTC from those of you with more experience of these things?
Thanking you any answers in advance :)
Forks are bad. They are foolhardy
attempts to attack Bitcoin. But Bitcoin is stronger than all attackers, thus leading to an observed rule in practice:
You fork, you die.Genuine Bitcoin has crushed numerous forks and attempted forks: “Bitcoin XT”, “Bitcoin Unlimited”, “Bitcoin Classic”, and the “New York Agreement”, to name but a few. These no longer exist. For upcoming forks, if you wish to claim some fork coins, then dump them in exchange for real Bitcoin, and enjoy your free bitcoins. Otherwise, simply ignore. Anything from “Bitcoin Cash” to “Bitcoin Diamond Plus Plutonium With Ponies” is only a scam; and these scams will die sooner or later, just as did their antecedents.
...so, there you have it in layman’s terms. Yes, there are many pretenders. However:
There is only one Bitcoin.