Quote from: aldrian09 on August 04, 2017, 02:20:20 PM

Quote from: lovesybitz on August 03, 2017, 03:01:04 PM

Quote from: Mandoy on August 03, 2017, 12:10:13 PM

Quote from: kirkey on August 03, 2017, 11:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

A fork is done when two miners find a valid hash within a short span of time, you can read this on google. This just means that bitcoin needs a fork because its previous code can no longer reply to the huge demands and large volume of transactions on the mempool. Lets just say that forking is a way of upgrading bitcoin so it can speed up the confirmation of transactions. But due to different beliefs of two groups thus we have bitcoin split and bcc or bitcoin cash is born. It is unclear if bitcoin cash will help increase the bitcoins value but in my opinion it will pull bitcoins value down since if btc supporters will shift to bcc then the value of bitcoin can go down.

You are absolutely correct mate, I greed to you that bitcoin will go down only if the their users will shift into BCC but like what I am expecting to be happen it not happen, still almost or majority of bitcoin believers supported bitcoin in the end. Meaning, bitcoin still prevail in the market platform in different exchange.

Well I guess people don't want to abandon bitcoin after all because nothing happened to bitcoin after the fork. They said that bitcoin price will go down but did not, so my conclusion is bitcoin supporters had already build a strong foundation and trust on bitcoin capability.

This is the thing on most people do really speculate about the price in times of fork which they do always keeping on saying that the price of bitcoin would dump but the truth the price isnt really be affected at all and instead of dumping the price it stabilize and now its start to climb up as of now if we do see the price of bitcoin.