Bitcoin Forum
November 09, 2024, 06:22:52 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Why Every Bitcoin Fork incredibly Fallen Down?  (Read 218 times)
sabine80
Member
**
Offline Offline

Activity: 728
Merit: 14


View Profile
April 23, 2018, 08:38:28 PM
Last edit: April 23, 2018, 08:53:50 PM by sabine80
 #21

most of this forks end up as an ordinary altcoin without value, community or other things. they usually only managed to achieve the high price because they had the word "bitcoin" in their name, then big player makes a pump and dump. they made money and many other lose money.
semes
Member
**
Offline Offline

Activity: 713
Merit: 31


View Profile
April 23, 2018, 08:40:56 PM
 #22

There are so many of these fork coins. I recently discovered the presence of coin I do not understand in my wallet on my Binance account. I connected to Support and when I asked what they were, I was informed that the coins were separated from Fork and Bitcoin network. Now you can have so many things even without asking. Not all Bitcoin forks after BitcoinCash are effective. I think it's included in BitcoinGold. They are all coins created to be converted to a certain amount of money. And besides raising the price of bitcoin at the time it is done, there are non-purpose coins. BitcoinCash out of the feeling of excitement and development did not occur at all, I guess. Anyway, what I'm saying is that BitcoinCash approves the development. All the other fork's melted away. We do not even remember the name of a majority.
Reid
Hero Member
*****
Offline Offline

Activity: 3052
Merit: 651


View Profile
April 23, 2018, 08:41:11 PM
 #23

They just made it for money. It is from nothing at all so of course the conclusion is also nothing.
How could something be valuable at the start? That is the real question. Why did it grow that much in price?
Who did it? It is not even one genius creation by just a cloning strategy just so they can make money out of FUDding bitcoin and then taking the new ones to the bullish trend.
Ignorant victims do go with the flow but if you are wise enough, then go to something which have a product and support is as hard as you can.
That coins that you said, they pump it and then leave it like that after their profit from the bull run.
juiceannabel
Newbie
*
Offline Offline

Activity: 224
Merit: 0


View Profile
April 24, 2018, 01:48:03 AM
 #24

From December 2017 to January 2018, We have seen many bitcoin fork. And there are Super Bitcoin (SBTC), LBTC, Segwit (B2X) , Bitcoin Diamond And many more. That time SBTC Price was 800$, the B2X price was 1400$+

But at this moment, I just shocked by seeing their value! B2X Price is 1$ !! How is possible! SBTC price is 21$!! But why they are fallen down! Then Bitcoin Fork isnt helpful for Bitcoin? I am just confused.

Please Share your opinion.
Thank You.

it is because they just a free coin that given to bitcoin holders. if the fork coin doesnt have any use, surely it will falling quickly.
but you can see bitcoincash, it has increasing much lately.
winterland
Full Member
***
Offline Offline

Activity: 434
Merit: 100


View Profile
April 24, 2018, 02:39:14 AM
 #25

From December 2017 to January 2018, We have seen many bitcoin fork. And there are Super Bitcoin (SBTC), LBTC, Segwit (B2X) , Bitcoin Diamond And many more. That time SBTC Price was 800$, the B2X price was 1400$+

But at this moment, I just shocked by seeing their value! B2X Price is 1$ !! How is possible! SBTC price is 21$!! But why they are fallen down! Then Bitcoin Fork isnt helpful for Bitcoin? I am just confused.

Please Share your opinion.
Thank You.
Because bitcoin forks do not bring anything of value to the community or to the market, most of them were just a way to try to get money out of dumb investors the only coins that I got from the forks were the ones that I got when the blockchain was forked and most of the time I do not even took the time to claim them it was just a waste of time and the decrease in the price of those coins only proves that I was right.
peter0425
Sr. Member
****
Offline Offline

Activity: 2828
Merit: 458


Vave.com - Crypto Casino


View Profile
April 24, 2018, 04:08:32 AM
Last edit: April 28, 2018, 12:55:09 PM by peter0425
 #26

From December 2017 to January 2018, We have seen many bitcoin fork. And there are Super Bitcoin (SBTC), LBTC, Segwit (B2X) , Bitcoin Diamond And many more. That time SBTC Price was 800$, the B2X price was 1400$+

But at this moment, I just shocked by seeing their value! B2X Price is 1$ !! How is possible! SBTC price is 21$!! But why they are fallen down! Then Bitcoin Fork isnt helpful for Bitcoin? I am just confused.

Please Share your opinion.
Thank You.
Its because it will not gain any support or traction from the community. Remember what happen to Bitcoin Cash? Everyone just joined the hype because of the free coins that we will get after the fork. But after that almost everyone dump it but then the personality from behind started to attack Bitcoin, even claiming that big blockers is the scaling solution and that they are the real Bitcoin.

However, we all know what follow next, because after the hard pump, it quickly falls down which means that not everyone really supported Bitcoin Cash because it is just another altcoins.

metenjean
Full Member
***
Offline Offline

Activity: 854
Merit: 140



View Profile
April 24, 2018, 07:17:04 AM
 #27

It happened just like other coins, they're just being used to gain profits from new investor while there is really no usage for the coin. Bitcoin alone is enough at first and until now for transactions purpose and more forks from it without anything attractive other than making money from trading are prone to destruction. And i think not only bitcoin fork but most other cryptocurrencies will face the same conclusion from time to time.
Btcvilla
Sr. Member
****
Offline Offline

Activity: 1078
Merit: 270


View Profile
April 24, 2018, 07:53:40 AM
 #28


I think what happens in 2017 then makes the bitcoin value rise because there are lots of bitcoin forks. this is certainly a catastrophe itself, entering the beginning of the month in 2018, the correction began to occur in the market, consequently there is a lot of crypto that lost value of more than 70%. plus the ban from several countries and the closing of several large exchanges and followed by internet giants like facebook and google. this is a big accident. then it's no wonder the market is getting lower because the asset value is more than half lost.
Pages: « 1 [2]  All
  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!