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.
>Implying that the hardfork for ETH is the reason that its value took off.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.
Maybe for the blocksize it could end up being beneficial, but splitting it like what happened with ETH is a bad move and unironically believing that Ethereum's value shot up because it went through a fork in the past is a poor understanding of dynamics for cryptos at best.
I'm seriously debating how much externals are understood by people on this forum.
I never said ETH value shot up BECAUSE of the hardfork. I am saying, the hardfork had no negative impact, not in the long run. I believe that after the hardfork, there could be quite a relief rally (not sure which chain .... people can then put their money where their mouth is hehehehe)