Bitcoin Forum
May 17, 2024, 09:21:50 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Financial Benefits From FORKING.  (Read 228 times)
Goodvalony (OP)
Member
**
Offline Offline

Activity: 616
Merit: 16


View Profile
November 17, 2018, 04:48:08 PM
 #1

Since the inception of cryptocurrency. we have experience a  lot of Forks. Bitcoin forking to generate bitcoin cash, bitcoin gold, bitcoin diamond,bitcoin private. and so many altcoins forks, Ethereum and Ethereum classic.  A friend described the forking as a divorce between two people which have previously exited as One. Now both parties fail to agreed on a plan. Cheesy Cheesy Cheesy. currently we experienced another FORK with almost wipe out over 80 billions dollars out of the Market.
Could there be any economic importance of the FORKING in the cryptocurrency world and How do we the Fans Benefits from all this.  My financial adviser Number one rule in business NEVER LOOSE MONEY IN BUSINESS.
We all want to win and Not Loose.
How do we make more money from Cryptocurrency Forking?
iSparta
Member
**
Offline Offline

Activity: 728
Merit: 10


View Profile
November 21, 2018, 09:26:03 PM
 #2

Fork in cryptocurrency shows that there are serious contradictions in the development team and problems with software code. In the short term, this leads to the fall of these coins. It is rather difficult to guess which of them will become successful at the moment of the fork.
lunobird
Full Member
***
Offline Offline

Activity: 846
Merit: 115


View Profile
November 22, 2018, 05:52:53 AM
 #3

Forking coins does not increase the market cap value or decrease. I would not try to attribute the bchsv fork as the reason for the drop in market cap. When bch forked from btc market cap went up afterwards. Opposite happens so that invalidates your thesis.  Just the market cycle naturally playing out.

 Market cap during fork technically Stays the same but gets more subdivided in value. Just like the bch with abc and sv. Both coins lost value but when added together it equaled the bch value before fork

 Kinda like stock splits. Or people leaving a bigger company to create a new startup company.


If a coin forks and becomes successful In the long run then money can be made from the fork and long term success of that project if they achieved technological success.
peterboy1
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
November 22, 2018, 08:19:19 AM
 #4

ignore the recent forks. just some random douchebags pissing contest.
adaseb
Legendary
*
Offline Offline

Activity: 3766
Merit: 1711



View Profile
November 22, 2018, 09:33:22 AM
 #5

I think the only succesful forks were Bitcoin Cash and Ethereum classic. There are others such as Bitcoin Gold, Bitcoin Diamond which still seem to have an impressive market cap but they don't really seem to compete with the main coin itself.

Last year after the huge price jump of Bitcoin Cash, there was forks popping up every week and some were more succesful than others while others could never sync properly the blockchain. Then there are those which were scams just looking for private keys.
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!