Hello. I asked the same question on reddit and received a variety of answers, but there wasn't clear consensus among people. Does anybody know what kind of initial price should I expect for the new Bitcoin fork?
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I am relatively new to Bitcoin (new to Reddit too), have learned a lot of Bitcoin and invested some money on Bitcoin. I just have a specific question about Bitcoin fork price. How is the initial price of the coins determined at fork? If Coin A with price 500 forks into Coin A and Coin B, does it get split in two, say two coins with the initial prices 200 and 300, or does the price gets duplicated, Coin A with price 500 and Coin B with Price 500? Or is the initial fork price completely arbitrary, theoretically ranging from 0 to zillion? Or does the developer of the the coins determine the initial fork price? Enlighten me please, Thanks!
The market demand and supply would eventually determine the price of the forked coin,but at the start
the most important factor about the coin price is the hash power and how many miners are supporting the coin by mining.The developers can only try to manipulate the coin price,by increasing the demand.