Forked Coins: Free Cash or a Waste of Time?

[richfund_Pe]

Of the bitcoin forks to have occurred this year, bitcoin cash has been the most popular. In terms of uptake, value, and adoption, BCH is the market leader by far. This much can be gleaned simply by looking at the market prices and trading volume of bitcoin cash versus that of its successors, bitcoin gold and bitcoin diamond. Newly crunched data now shows the extent to which bitcoin cash has outmuscled its younger siblings.

Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.

[South Park]

Of the bitcoin forks to have occurred this year, bitcoin cash has been the most popular. In terms of uptake, value, and adoption, BCH is the market leader by far. This much can be gleaned simply by looking at the market prices and trading volume of bitcoin cash versus that of its successors, bitcoin gold and bitcoin diamond. Newly crunched data now shows the extent to which bitcoin cash has outmuscled its younger siblings.

Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.

Many people simply do not care about it, I'm still holding my bitcoin cash and bitcoin gold, since I do not plan to sell my bitcoin I have no reason to move my coins, so I do not bother, if those coins disappear that is fine less competition for bitcoin and if they exist when I cash out then more money for me, so I win no matter what.

[rodel caling]

Of the bitcoin forks to have occurred this year, bitcoin cash has been the most popular. In terms of uptake, value, and adoption, BCH is the market leader by far. This much can be gleaned simply by looking at the market prices and trading volume of bitcoin cash versus that of its successors, bitcoin gold and bitcoin diamond. Newly crunched data now shows the extent to which bitcoin cash has outmuscled its younger siblings.

Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.

Many people simply do not care about it, I'm still holding my bitcoin cash and bitcoin gold, since I do not plan to sell my bitcoin I have no reason to move my coins, so I do not bother, if those coins disappear that is fine less competition for bitcoin and if they exist when I cash out then more money for me, so I win no matter what.

i garee with you mate i'm also holding my bitcoin cash and bitcoin gold because observe the flow chart in the market price of the said coins it is dump or pump, i got my bitcoin cask and bitcoin gold for free during the fork so not to say this wasting time its because get this coin for free i have no time to allocate this coin to get it.

[Tszunami98]

Depending on the coin, some are free cash and some are a waste of time. It is just a trend we see because it is so new, but eventually all this forking bitcoin will eventually end.
Forks are teams of devs who throw around some free coins in the network to incentivize regular users so they can calmly make millions of dollars premining them or just dumping them onto idiots later on.

[European Central Bank]

bcash was created by some of the most powerful and richest people in bitcoin as a power grab. that's why it's the biggest by a country mile.

no other fork will ever approach its size because none of them have the agenda or the funding.

[Yakamoto]

Of the bitcoin forks to have occurred this year, bitcoin cash has been the most popular. In terms of uptake, value, and adoption, BCH is the market leader by far. This much can be gleaned simply by looking at the market prices and trading volume of bitcoin cash versus that of its successors, bitcoin gold and bitcoin diamond. Newly crunched data now shows the extent to which bitcoin cash has outmuscled its younger siblings.

Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.

Forks, when they are high-profile and actually have a decent backing to them from portions of the community, can be free cash, no questions asked. It's insanely easy to make money off of forks like that, but just trying to fork it constantly will be a waste of time. BCH and BTG were probably the last "good" forks that won't be a waste of time for users, and everything from this point will likely be a complete waste of time unless you have a few hundred BTC already.

[xBitHodler]

Not every Bitcoin hard fork is worth claiming (this process is quite complex sometimes if forked coin doesn't have replay protection). Both Bitcoin Cash and Bitcoin Gold were interesting because they were different. Bitcoin Cash hard fork increased the block size limit in order to make transaction faster. Bitcoin Gold was supposed to make Bitcoin "decentralized again" and replaced ASIC mining with GPU mining like it used to be a few years ago. There are some small hard forks which don't get much attention. If you don't have a lot of BTC, it isn't worth to bother with smaller ones.

[filharvey]

Many people consider it as free cash.When we consider whether it provides any unique features other than bitcoin,then its just a total waste of time.Its just has to be trashed any way but after making quick profits.

Alrady,BCH is a shitcoin just pumped heavily by its supporter roger ver to make a record in the history of pumped coin to reach a price of $1,800 astonishing even the bitcoin enthusiasts.BTG is totally a scam and a totally unorganized project.Most of its coins are premined.So,OP is comparing between the two shitcoins to decide which is better.Only difference is BCH supported by the whale roger and BTG not supported by any big whale.If BTG also had been supported by a big whale,even it too would have performed like BCH.

[pooya87]

Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.

you can not even start to compare these two!
bitcoin cash is so much older than bitcoin gold, not to mention that there is still no easy way of claiming your bitcoin gold compared to BCH. for example BTG does not yet have an SPV wallet but BCH had an Electrum fork from early days that most people used to simply claim their coins.

also the amount of advertisement that BCH did is huge. in comparison many never heard about BTG for weeks after the fork happened!

and finally it is the price factor. BCH went to nearly $2000 and that is enough incentive for anyone to try and claim the "free money".

[Getmon]

It depends on how much Bitcoins you have. If you have several Bitcoins, why not join the free give-aways? But if all you have are a few Satoshis then perhaps you better focus them in altcoin investments. The second consideration is the price. Before the free coins are being given away, there will probably be some speculations as to how much the incoming coins apiece. If it is expensive then it must be worth it.