Why Every Bitcoin Fork incredibly Fallen Down?

[kickdapa]

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.

[BrewMaster]

it is simply because there is absolutely no usage for any of them. from bitcoin cash to bitcoin holiday (or was it new year!) they are all useless junk which were created so that a bunch of people could fill their pockets with more money. something like that is not exactly going to thrive...

[mk4]

But why they are fallen down! Then Bitcoin Fork isnt helpful for Bitcoin? I am just confused.

Hardforks like these never actually help the main bitcoin(BTC). All they ever did was to create a division in the community. I get that everyone has their right to create their own coin if they think that they could improve it, but no other forked coin has even come close to bitcoin(BTC).

[cryptosec.info]

Simply because there's no point in buying the bitcoin-forks. Why would you buy a coin that pretty much no one uses?

You want a good coin that is secure and transparent? Buy bitcoin.
You want a coin with fast transactions and cheap? Buy bitcoin anyway. Wait for lightning network adoption.
You want a privacy-focused coin? Buy Monero.

There's really no reason on buying other coins that are focused on payments.

[LFC_Bitcoin]

I only claimed BCH, BTG & Bitcore. I couldn’t be bothered to move my coins out of cold storage AGAIN to claim the others. Money wise it’s not that much I’m missing out on any way.

[davis196]

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.

I`m wondering why those forked coins were so overpriced back then?Perhaps they "stole" some "bitcoin reputation" right after the forks,but the market knows how to kick the useless stuff very fast.
Creating and selling a forked bitcoin is like selling a Lamborgini, which has the engine of some 30-year old shitty car.
It`s like they were using an already established brand to sell bullshit.

[reddev81]

I haven't claimed a single fork myself (not even bch)...I was all in alts when bch snapshot happened. All of them were created by greedy bastards who wanted to piggyback on the btc name and legitness. No real use for any of them.

[shield132]

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.

I'll tell you real answer: Bitmain wasn't behind those forks. While people says forks aren't near to bitcoin, remember those days when tx fees were very high and confirmation time was almost 1 day if not more. Wasn't there a need of increasement in block size from two to eight? Eight because we have to consider future situation.
And why I said bitmain, they have great power and can manage things as they want. BCH isn't that different and unique from those forks, just bitmain is behind it and makes money from it.

[ivakar]

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.

I guess the price for those forks are falling down, because they do not have real value? 
Cause i see the try of developers of that coin to justearn some easy money..

[VitKoyn]

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.

The reason why those hard fork coins value are dropping is because people just want to have them to make free money, after they claim it, they will just dump it anyway, means that people really have no interest about the fork coins and no one wants to hold them for long term, and they don't have any uses, hard forks have to be a solution to Bitcoin's problem but what is happening is developers use it to create money from thin air. So why are you shocked that this happened? Hard forks are not really helpful to Bitcoin (original), it only helps people to make money easily.

[ebliever]

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.

If I made up a bunch of fake "Dollarfork bills" on my computer and printed them out and then tried to get other people to value them, how successful do you think I would be? It's easy to make a fork of a coin - but such things have absolutely no value without some innovation that would lead people to desire them. The current crop of Bitcoin forks are spectacularly lacking in solutions to Bitcoin problems, so they keep falling as the initial speculators who bought into them are forced to dump at a loss. This outcome should have been obvious.

The forks were simply trying to ride off the Bitcoin brand name without any real innovation. Cryptocurrency projects that actually have some innovation or are trying to solve problems in other areas that Bitcoin doesn't address, they want to build their own brand. Not be derided as dishonest counterfeits.

[5ensei]

All these forks are just a waste of effort, after bitcoincash made huge profits everyone else is copying them. Bitcoin candy, bitcoin, gold / diamond what on earth are these nonsensical coins good for. Not surprised to see them go to $1, they aren't worth more than that

[coolcoinz]

They are falling in value because they are useless. People got the forks for free, and many of them didn't cash out because they didn't know, didn't wanted to move their bitcoins out of cold storage, thought forks are going to grow in value (and they did for the most part). Only this speculative aspect kept forked coins from tanking completely.

[saadat6868]

Yes, I totaly agree with the guys. Every listed currencies were nothing useful, only a namedropping and clickbait, so Bitcoin really matters, and them are not.

[d_fitrie]

I have stopped following the fork on all coin, I have suffered a great loss because of following the fork and already decided I will not follow bitcoin fork, NXT fork or whatever it

[BCTBF]

I do not hold all that coins, there is only one that I have that is BCH but it has been sold too and have no interest to hold it again for a long time, for fear it will be the same garbage as token. Maybe the lack of high enthusiasm in the market so that the coin falls on the market, may still require a lot of time again so they can recover. At the beginning of their appearance many say they will rival the value of bitcoin, but now proven, no one can rival the bitcoin in cryptocurrency.

[Invest.Ort]

He fell and again goes up, bitkoi does not like when he builds hopes, he loves the strong!

[Mike1992]

When the Bitcoin Network forks, some of the value that was in the Bitcoin network splits into the forked chain. When Bitcoin Cash forked from the Bitcoin network.

[Sir mikolo]

Individuals like Randy are referred to as whales: individuals who hold positions so large in the Bitcoin market, that their bid and ask orders are capable of shaking up the market. Since it only takes a few big players using a similar strategy to drive the value of Bitcoin up or down, when an opportunity like this presents itself (a hardfork), the price of Bitcoin may not reflect the true value of Bitcoin.

[frank2018]

This is simply because these coins were not used to most transactions involving in the cryptomarket. They appear to be the same as other ICOs which are established to make different platforms.