Bitcoin Forum
May 27, 2024, 09:53:25 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin forks market share  (Read 133 times)
justone123 (OP)
Sr. Member
****
Offline Offline

Activity: 810
Merit: 258


View Profile
December 26, 2017, 12:49:28 PM
 #1

Market share of Bitcoin hard forks:

source: https://satoshibakery.com/past-bitcoin-forks-market-share.php


Also so many Upcoming bitcoin hard forks  Huh
https://satoshibakery.com/bitcoin-upcoming-forks-list-dates-calendar.php

This is becoming ridiciloous. Everyone and their dog is forking bitcoin...
Hydrogen
Legendary
*
Offline Offline

Activity: 2562
Merit: 1441



View Profile
December 26, 2017, 04:55:24 PM
 #2

That chart and depictions of market cap can be misleading. Bitcoin can sustain much larger sell offs than altcoins due to its higher trading volume and demand. Those pie chart slices of btc forks will decline somewhat quickly if or when a big sell off occurs.

Most agree bitcoin forks will continue as long as it remains profitable to do so.

I would boycott coinbase for supporting bitcoin cash, if I still used coinbase. I think forks dilute the value and brand name of bitcoin. Forks are part of the get-rich-quick, adopt short term benefits to the exclusion of long term planning speculation which fails to create lasting long term value. In short forks diminish the long term HODL capability of bitcoin, for the sake of short term speculative profits. Forks may not a healthy thing as far as bitcoin or crypto are concerned.
pereira4
Legendary
*
Offline Offline

Activity: 1610
Merit: 1183


View Profile
December 26, 2017, 05:15:21 PM
 #3

It is severely misleading. Everyone that holds Bitcoin, has access to all these coins. All of these forks, have a constant bear pressure due holders of Bitcoin being handled all these coins for free.

Eventually the forks will have less and less relevancy, is it becomes clear they bring nothing of value to the table.

The only reason BCH has the value it has it's because it's a fork, and it's one heavily promoted by wealthy people with an agenda.

There are also many other forks that aren't even listed there. The bigger amount of forks, the less relevant the whole concept of a fork will become.

If you want to compete against Bitcoin, compete as an original altcoin.
trobin
Full Member
***
Offline Offline

Activity: 177
Merit: 102


🤖UBEX.COM 🤖


View Profile
December 26, 2017, 05:35:49 PM
 #4

Market share of Bitcoin hard forks:

source: https://satoshibakery.com/past-bitcoin-forks-market-share.php


Also so many Upcoming bitcoin hard forks  Huh
https://satoshibakery.com/bitcoin-upcoming-forks-list-dates-calendar.php

This is becoming ridiciloous. Everyone and their dog is forking bitcoin...

Forked bitcoins now make up over 20% of bitcoins value which is pretty crazy, it's also an indication as to why forks keep happening. They seem to be a sure fire way to generate some money at the moment as none of them are really complete failures as of yet and the developers will certainly have made a big buck off all of them.

justone123 (OP)
Sr. Member
****
Offline Offline

Activity: 810
Merit: 258


View Profile
January 08, 2018, 10:45:42 PM
 #5

Bitcoin smart, bitcoin interest and bitcoin private are the upcoming forks;
https://satoshibakery.com/bitcoin-upcoming-forks-list-dates-calendar.php
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!