Re: BTC Hard fork is a good thing. ETH did very well.
Legendary Online
Activity: 948
Cheers!
How come BTC price drops? ETH price dropped before hardfork. Panic, FUD….
And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.
So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.
Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine.
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Cheers!
How come BTC price drops? ETH price dropped before hardfork. Panic, FUD….
And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.
So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.
Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine.
Yeah, maybe, in the long run, that may benefit us. But, we still don’t know what will happen. We can’t compare ETH to BTC and hope that the same thing happened to ETH will also happen to BTC. My concern right now is that these issues create FUD to the people and make them sell their BTC in a much lower price. It creates chaos that we shouldn’t have in the first place. Let’s just hope that this will be solved the sooner. Transactions are being filed up everyday. Problems are already arising from this.
Legendary Offline
Activity: 1190
Cheers!
How come BTC price drops? ETH price dropped before hardfork. Panic, FUD….
And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less.
So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now.
Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine.
Jesus Christ lad. I’m not opposing hard forks but your logic is way off.
How do you know what the ETH price would be if they had never forked? How do you know it wouldn’t be >$100 by now? If it generates free money, why don’t they, or any other altcoin, fork every month making everyone a millionaire? No such thing as free lunch.
You’re also forgetting that ETH was on early stage of development with zero adoption outside of exchanges, which made the hf easier to manage.
Legendary Offline
Activity: 1414
Your country may be your worst enemy
The hard fork nearly killed ETH. It stayed at half the value it had last Spring for more than 6 months. It only recovered this month. Also, there was more support for the hard fork at ETH than there is now for BU. We sure can hope for the best, but a hard fork is a risky move.
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