BrewMaster
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There is trouble abrewing
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April 22, 2019, 10:41:34 AM |
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as i have speculated at the time of certain forks, they have influenced the market and price of bitcoin in some certain cases but they were never a significant force to be considered affecting the final result. so generally speaking i have to say no, without these forkcoins price would have taken pretty much the same route that it took in the past couple of years.
however in certain cases like the BSV fork which was a severe attack against bitcoin, the price fell below $6k because of that fork so if it never existed price might not have fallen and not falling meant accumulation phase would have ended sooner and rise started sooner too. and as a result the current price would have been higher.
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There is a FOMO brewing...
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emberbekas
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April 22, 2019, 11:59:24 AM |
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The price of BTC will be slightly higher in my opinion if there weren't forks. The community has been split when people were debating concerning the blocksize, causing the BCH fork, causing a small percentage of the money to move from BTC to the BCH chain.
Long term though, I don't think the price different matters.
Agree, or nothing would've changed at all. During hard fork people buy bitcoin to get free fork coins, demand on bitcoin increases. People take advantage of fork to get free coins. Yes, as we can see from the last fork when the holder got bch as a free coin and the bch price wasn't too bad at that time, many people seemed to be waiting for the next fork to catch the same opportunity. Hard forks can increase demand significantly which will certainly increase prices too.
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okala
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April 22, 2019, 12:06:29 PM |
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I think so yes if there is no hard fork I believe the value of bitcoin will be higher just as the same if there is no any other cryptocurrencies and bitcoin only exist the price could have skyrocketed more then what we have now. The hard forks affect the price of bitcoin slightly before it can recover.
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33bitcoin
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April 22, 2019, 12:23:06 PM |
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as i have speculated at the time of certain forks, they have influenced the market and price of bitcoin in some certain cases but they were never a significant force to be considered affecting the final result. so generally speaking i have to say no, without these forkcoins price would have taken pretty much the same route that it took in the past couple of years.
however in certain cases like the BSV fork which was a severe attack against bitcoin, the price fell below $6k because of that fork so if it never existed price might not have fallen and not falling meant accumulation phase would have ended sooner and rise started sooner too. and as a result the current price would have been higher.
I'm gonna go and disagree with you, I believe the anticipation of the bitcoin cash fork caused the bitcoin price to rise substantially. People are forgetting how hyped bch was and it ended up rising over 3000. the bsv hash war was a complete shit show though and that absolutely tanked the price of btc.
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serjent05
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April 22, 2019, 12:23:06 PM |
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This is just an assumption that the market cap of all the Bitcoin Fork be put to the current market of Bitcoin, it will simply mean at the Value of Bitcoin would increase. Imagine these list of forks's market cap added to Bitcoin, it is undeniable that Bitcoin could be way higher than what it is now.
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zenhu
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April 22, 2019, 01:53:37 PM |
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The fork has a possitive and negative effect on bitcoin in my opinion, why I say that? Let's see, if there's no fork bitcoin community still be one and not split like now debating which one is the "real" bitcoin. but if there no fork like bch will bitcoin price increase? cause when fork happened bunch of people buy bitcoin cause they want to receive bch as free money right?
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muslol67
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April 22, 2019, 02:00:40 PM |
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Since Bitcoin appeared it has been controversial. Its value increases gradually. But there are also times that fall after the Hark fork. So if you do not have hark fork, the price of Bitcoin will increase or decrease
This is completely dependent on the capacity of the coin that makes fork. Big forks like Bitcoin Cash unfortunately hurt. But there is a lot of unnecessary fork coin. I don't think they have an impact on BTC.
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nara1892
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April 22, 2019, 04:04:55 PM |
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if there are no hard forks, bitcoin prices should be slightly higher than now, maybe around 5% because there are some people believe bitcoin cash, bitcoin gold etc. will rival the price of bitcoin
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matchi2011
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April 22, 2019, 04:56:04 PM |
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The fork has a possitive and negative effect on bitcoin in my opinion, why I say that? Let's see, if there's no fork bitcoin community still be one and not split like now debating which one is the "real" bitcoin. but if there no fork like bch will bitcoin price increase? cause when fork happened bunch of people buy bitcoin cause they want to receive bch as free money right?
That greedy attitude created a big impact to bitcoin value, they bought btc to receive free bch and after receiving the rewards they completely dumped both coins and enjoy the profits, if that fork never happened the value of bitcoin should not be suffer to this fall, it should be at the half or more from the last high that it reached, so I'm also in the position that the fork really bring impact to the current value of bitcoin.
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Astvile
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April 22, 2019, 09:51:18 PM |
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It should be way higher than it is right now.Many users switch their bias to hard fork coins leaving bitcoin entirely and not trading them,if they were hundred of thousand of people they can contribute big on pumping of bitcoins price
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Yakamoto
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April 22, 2019, 10:06:43 PM |
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if there are no hard forks, bitcoin prices should be slightly higher than now, maybe around 5% because there are some people believe bitcoin cash, bitcoin gold etc. will rival the price of bitcoin
Well, it all comes down to what those people expect from their forks. If the forks didn't exist then the investors who had moved into those respective chains likely would have just pulled their money out of crypto completely and identified some other alternative investment. I don't think it would dramatically change the price of Bitcoin, even 5% seems like too much considering the value of the other forks like Cash, Gold, there was some other fork I can't remember the name of now. Regardless, their existence probably doesn't significantly impact the value of Bitcoin. I'd assume the price of Bitcoin would remain around the same unless there is some major whale I'm missing who would completely shake up the market.
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squatter
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STOP SNITCHIN'
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April 22, 2019, 10:18:24 PM |
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I think it would have been a lot higher. The fork that caused the most damage, was Bitcoin Cash. This fork used clever tactics to confuse potential investment in Bitcoin <BTC> by hijacking Bitcoin <BTC> domains and re-directing traffic to platforms where they sell Bitcoin Cash. Most people bought Bitcoin Cash by mistake and only realized this when it was too late. I'm sure some Bitcoin Cash supporters sold their bitcoins, and some newbies were mistakenly diverted away from Bitcoin. However, I think there were also lots of Bitcoin supporters who sold their bcash for bitcoins. It's hard to know in concrete terms how much these things affected price. Compared to the activation of Segwit, though -- which basically launched the vertical stage of the 2017 bubble -- the effect of the fork was probably negligible.
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Cuk0ng_bitc0in
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April 22, 2019, 10:34:51 PM |
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I think, hard fork doesn't affect the volatility of BTC. there are no BTC cores that can beat the price of BTC. if there is a hardfork, a new bitcoin network split will be formed. So, each Bitcoin will eventually run on two different networks. but, the most decisive thing is if the hardfork coin can attract investors and public enthusiasm.
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kotajikikox
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April 22, 2019, 10:39:30 PM |
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Since Bitcoin appeared it has been controversial. Its value increases gradually. But there are also times that fall after the Hark fork. So if you do not have hark fork, the price of Bitcoin will increase or decrease
If depends the result of correction sometimes price goes up sometimes goes down after the fork, i'll remember last few year 2017 the august hard fork will give a go benefits to us the price go stregth up than expectation.
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vit05
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April 22, 2019, 10:52:19 PM |
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Many people consider that if there were no altcoins and forks, all the dollars that went into the market would be invested in bitcoin. But if only Bitcoins existed, a lot of people would never get involved with the market.
Forks should serve to test theories, test different ways of solving a problem. Bitcoin Cash has been testing the theory of larger blocks, for example. If the forks did not exist, the conflict between different groups could annihilate the bitcoin.
So I believe that forks increase the price of bitcoin. Allowing stupid people to simply make a fork and test their ideas instead of complaining about bitcoin forever.
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ecnalubma
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April 22, 2019, 11:30:35 PM |
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Since most investors take advantage of every hardforks Bitcoin price rise due to they accumulate as much as they want regardless on which side they are. But after the fork, forked coin founders degrading Bitcoin and throws trash statements Claiming that they have the real Bitcoin etc. Etc. which is completely unethical.
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Indrawan77
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April 22, 2019, 11:32:28 PM |
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The price will be higher, if there's no fork the investors won't diversify their investment and they will more focus on bitcoin, the splitting transaction volume will create a weaker coin and lower price, from a lot of forking that I witnessed it create a chaotic situation to the market and make the price falling down quite hard
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muratsink
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April 23, 2019, 01:09:25 AM |
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hardfork cannot influence the value of bitcoin. BTC is a senior coin and does not care about hardfork. hardfork is created if the node in the Bitcoin network becomes unable to validate the new block that is valid because of differences of opinion. This valid new block validation will create hardfork, and new bitcoin blocks, in which there are hundreds to thousands of transactions that must be validated by miners. I thought. coin hard fork requires a very long process to have value. but .BTC always amazing.
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pooya87
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April 23, 2019, 02:55:35 AM |
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it is impossible to say because although all these shitcoin forks were insignificant and 90% of them are already dead, they still had their own effects on bitcoin market that changed the price. so without them we might have seen a slightly different trend in 2017 and then 2018. but you seem to be asking about the current price and if that is the question then i believe there wouldn't have been any difference and the current price would have been the same.
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Siren
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April 23, 2019, 04:06:53 AM |
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The price of BTC will be slightly higher in my opinion if there weren't forks. The community has been split when people were debating concerning the blocksize, causing the BCH fork, causing a small percentage of the money to move from BTC to the BCH chain.
Long term though, I don't think the price different matters.
Small percentage? I don't think so. Its a pretty big percentage in my opinion and BCH is the most successful fork among them all since it consistently stays in the top 10 rankings in CMC proving its popularity. However, I don't like BCH and will never support it since Bitcoin will always remain my favorite. Your right mate because bitcoin is always shaken whenever there’s a Hard fork happening,Bitcoin silver is closer to the top,while bitcoin gold remains below and yes bitcoin Cash is in the best position amongst them all but it’s part of the business and bitcoin always come to recover after every fork,though this is the longest eefect that took more than a year before we experienced the good movement like what we are having this weeks now
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