i dont know how this thing of fork like bch , btg , ....going but we can say the cause of crazy rising in prices bitcoin 2017 is free money . people love free money
i am sur if new news say we have new fork next month that mean tommorow prices can be over 4500
bitcoin need another fork for example bch2 it is go good
it is good way for hold bitcoin and pumping prices to 7000 again from current prices
At this point we don't need forks just to push the price higher.
And why we need another shitcoins anyways? The price rose because majority wanted to claim a free coins but after that what happen? We don't need short term spike, what we need is some positive news to bring the confidence of investors.
Precisely. We need more adoptions as we all still waiting for it, another fork will give only more decent money to those whales who's holding a big numbers of coins, they can freely manipulate more if you give them another sets of free money, we have to look for more resources such as bigger news about companies or more countries that will lead to more usage so the market will be lifted up by people who will start to join the market.
Correct, this is just another avenue for whales to manipulate the price again.
So it has adversed effect in the long run not just on bitcoin but on the fork coin as well. We haven't seen any successful fork coin, well we can consider BCH because they really marketed very well and even attempted to take over, however, the consensus is that they don't have the support of the majority that's why they don't succeed in the end.