JuSayCo
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Activity: 112
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August 15, 2020, 01:49:06 AM |
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I also have the same question in mind.
I am into mobile gaming app and they used to pay me Bitcoincash once I reached the minimum points that they require. And now, after reading on this thread I've learned that bitcoin cash has no value and can be considered as fake. Good thing, I already quitted from there and deleted the app, and its a fake after all. Thanks to this thread.
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blue Snow
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Activity: 1484
Merit: 1022
#SWGT CERTIK Audited
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August 16, 2020, 12:57:15 PM |
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So Ethereum and XRP are considered fake Bitcoin, then?
No, XRP is fake cryptocurrency. If you want to own bitcoin, go to reputable exchanges and buy bitcoin and bring it to coinbase wallet, blockchain ...
Why must bring it to those wallets?. you will be confusing those wallets had Cash either. And now, after reading on this thread I've learned that bitcoin cash has no value and can be considered as fake. Good thing, I already quitted from there and deleted the app, and its a fake after all. Thanks to this thread.
you so lucky, you are saved today |
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cheezcarls
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August 16, 2020, 09:02:49 PM |
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Yes, there is a fake BTC and it's name is Bitcoin SV founded and created by Craig Wright. He claims that it is the real Bitcoin, but I don't honestly believe it and it's just full of hype. Same thing to Bitcoin Cash, but I just don't like BSV at all.
The pump of BSV last December is just pure hype and short-term before going all the way down in value. From $400+ down to $220. I'll never support Bitcoin SV.
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pathapoddo
Full Member
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Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
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August 16, 2020, 09:15:35 PM |
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Yes, there are so many fake bitcoins on the market. Actually they are the forks of bitcoin. But claims like they are the real one. Most famous on is the Bitcoin Cash. It also has the highest price among all of them. I would recommend you to stay away from this shit coins and never invest in them.
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Lizzie_Girl
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August 16, 2020, 10:51:21 PM |
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What is wrong with people? A bitcoin fork is not fake bitcoin it just a new coin using bitcoins network. The only thing you can do to try trick people issuing a testnet, You cannot create a nice coin called bitcoin since BTC is already taken so people will easily see. So you see this is one of the great things about bitcoin. You cannot counterfeit it. Unlike fiat.
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Maestro75
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August 16, 2020, 11:08:33 PM |
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That something is a fork does not mean it is a fake. I will not consider those you mentioned as fake because they have their own programmes too and in some way have enhanced the entire cryptocurrency industry too whether we admit it or not. Also, a fake bitcoin will bear the same name as bitcoin without a prefix or suffix. |
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Traderbtcc
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Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
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August 17, 2020, 12:16:26 AM |
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is there also a Fake Bitcoin? If there's any, how can we identify it?
The physical cash (fiat) has a counter feit, same thing goes for Bitcoin BTC there are alternate bitcoin's, how to identify them? It's easy, any coin that has been forked from bitcoin are considered to be fake bitcoin examples are: - bitcoin atom
- bitcoin core
- bitcoin satoshi version
- bitcoin cash
And so on...... |
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izzel
Newbie
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Activity: 5
Merit: 0
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August 17, 2020, 07:05:59 AM |
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Yes, as bitcoin become popular scammers take this as an opportunity to create app almost similar to bitcoin which they use to steal money from consumers by tricking them and setting up fake bitcoin exchanges. That's why you need to be cautious in using apps and programs
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Leviathan.007
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August 17, 2020, 09:43:40 AM |
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There are many fake crypto currencies on the market you should avoid them and bitcoin is included if you check the ERC-20 tokens you will see many people can easily create a new token and call it whatever they want, even bitcoin. Also, since bitcoin is open source everyone can make a fork and create a own version of bitcoin with a little knowledge.
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Assface16678
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Activity: 1358
Merit: 134
★Bitvest.io★ Play Plinko or Invest!
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August 17, 2020, 12:42:52 PM |
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Yes there is, and this is the bitcoin cash, and bitcoin SV because those are not the real bitcoins but still there are few people things that this is the bitcoin but still if the OP asks about the other coins which are the altcoins this could be possible fake bitcoin because this is the same way like the bitcoin but this is not the real bitcoin looks like the alternative currencies or altcoins are the same with bitcoin. There are many fake crypto currencies on the market you should avoid them and bitcoin is included if you check the ERC-20 tokens you will see many people can easily create a new token and call it whatever they want, even bitcoin. Also, since bitcoin is open source everyone can make a fork and create a own version of bitcoin with a little knowledge.
Right now there are a lot of coins created but the problem is do they survive the market? Yes, this is true there are a lot of people creating a coin right now but the problem does they really survive the market some of them last long for only a month and years but some of them getting dump immediately. |
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oprahwindfury
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August 17, 2020, 03:45:25 PM |
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It's possible for real money. What we use for our daily expenses. But the coin we can't touch and only visible in virtual life that can't be copied or something.Only the name can be copied or the people can be fake but the fake bitcoin will not be added to your main wallet.
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Eternad
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August 17, 2020, 04:25:54 PM |
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There are many fake crypto currencies on the market you should avoid them and bitcoin is included if you check the ERC-20 tokens you will see many people can easily create a new token and call it whatever they want, even bitcoin. Also, since bitcoin is open source everyone can make a fork and create a own version of bitcoin with a little knowledge.
ERC20 is for ethereum platform and there were many shitcoins in the past that used this platform to create their own coin before and those coin can be considered fake if they are valueless now. And even those who are made from ETH platform that with named bitcoin is really fake as they should not be in ETH platform anyway as well the bitcoin forks that have bitcoin named in them, it says there are 100+ name bitcoin fork already and only less than 50 were currently operating, the rest were no longer active and is absolutely fake now. List of Bitcoin Forks : https://forkdrop.io/how-many-bitcoin-forks-are-there |
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suvo05
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August 17, 2020, 06:22:28 PM Merited by gentlemand (2) |
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If you have a bitcoin wallet no one can pay you with a fake bitcoin because the transaction has to be verified by the miners and after 10+ verification that coin will so up in your wallet, that coin is no way fake. A miner can run a sister node and that will create a fake BTC, but if the other miners do not run or verify the node the transaction will not complete. But if all the other miners verify the node that will become the original BTC. If the miners got divided into two or more teams and each of the team has miners to verify the transactions then the coin will be forked into parts. There are lots of forks like bitcoin cash, bitcoin SV, bitcoin core. But still, it is possible to scam people, who have no idea about BTC wallet. Suppose one person selles a ETH wallet with a self-made ERC-20 coin named as Bitcoin  |
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Kelvinid
Sr. Member
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Activity: 2786
Merit: 343
when lambo...
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August 17, 2020, 10:15:20 PM |
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If you have a bitcoin wallet no one can pay you with a fake bitcoin because the transaction has to be verified by the miners and after 10+ verification that coin will so up in your wallet, that coin is no way fake. A miner can run a sister node and that will create a fake BTC, but if the other miners do not run or verify the node the transaction will not complete. But if all the other miners verify the node that will become the original BTC. If the miners got divided into two or more teams and each of the team has miners to verify the transactions then the coin will be forked into parts. There are lots of forks like bitcoin cash, bitcoin SV, bitcoin core. But still, it is possible to scam people, who have no idea about BTC wallet. Suppose one person selles a ETH wallet with a self-made ERC-20 coin named as Bitcoin In such a thing that you can send BCH to BTC addy but wondering that it never arrives into the destination address. So it means that other names just like BCH, BSV, and Bitcoin Core aren't fake Bitcoin, and they wrong with claims as fake Bitcoin. But if we are talking about fake projects, definitely, there is a lot of it around. I just want to change the mind of the people thinking about Fake Bitcoin because they are totally wrong about what they think. We heard about Bitcoin scam but it doesn't mean that Bitcoin is already a scam. It happens that they are a victim of fake promises and use Bitcoin name to trick them. |
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Twinkledoe
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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August 17, 2020, 10:24:12 PM |
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from my experience there are no fake bitcoins, all i know is altcoin but the price is still far different from bitcoin price. If you have ever met fake bitcoin, then you have to be careful in making decisions if you choose the wrong choice then you will get a big loss.
Most of the fake bitcoins are those that forked from original bitcoin and attached the name of bitcoin to their name. And they considered themselves as replacement for original btc, but they are not. Just another alt trying to steal the fame from btc but they couldn't. |
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BuNga_cute
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August 17, 2020, 10:28:18 PM |
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After I read some comments on this topic, most of the people thought Bitcoin forked coins such as BSV, BCH, BCD, BTG and
others as fake Bitcoin. I don't blame this, because indeed some forked coins claim to be real Bitcoin. And that is very misleading
information.
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carlisle1
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August 18, 2020, 04:04:19 AM |
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Yes. It's called Bitcoin Cash.  Another one is Bitcoin Satoshi Vision. you forgot to add Bitcoin Silver and all of the forked bitcoin lol. For OP?you will never be faked if you will only purchase and use Bitcoin and nothing else,though there are some good altcoins also yet Bitcoin is the safest of them all. After I read some comments on this topic, most of the people thought Bitcoin forked coins such as BSV, BCH, BCD, BTG and
others as fake Bitcoin. I don't blame this, because indeed some forked coins claim to be real Bitcoin. And that is very misleading
information.
and why need for Forked when there is already existing and original? whats the motive behind forking a great currency like bitcoin? from my experience there are no fake bitcoins, all i know is altcoin but the price is still far different from bitcoin price. If you have ever met fake bitcoin, then you have to be careful in making decisions if you choose the wrong choice then you will get a big loss.
why need experience?to learn about fake bitcoin?Lol Claiming to be the Real Bitcoin is a clear statement that one coin like Bitcoin Cash is really fake and misleading people . |
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