Post
Topic
Board Economics
Re: BTC Price Pumps and Forks
by
Lanatsa
on 15/10/2017, 20:45:49 UTC
As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
What would be normal was to dump the "old" fork when this is done to get better new technology. What  we are seeing with BTC is the creation of forks with nothing new to add besids more volatility and crazyness to this market. People are enjoying all the "free" money, just hope it won´t backlash and really damage BTC.
I cant really see any changes on these Fork thing which bitcoin does still remain regarding on confirmation or fees matter which i do question whats actually the purpose on those things and same as you said those things are just really adding up the hype to make bitcoin and altcoins price do zig-zag. If you do short trading then for sure you would earn money if you did ride on the right time.