But this new coins from the fork will not affect the number of BTC that is on the market right? but why is it affecting the price of BTC whenever a fork is about to happen. Will the new coin also be mine-able or the quantity will be fixed on the quantity that BTC is currently circulating?
It's true that the number of BTC is not affected. But the effect on the price of BTC is essentially the
market pricing in the potential for adverse impacts in the future.
For instance, as many of the previous posts have pointed out, just the fact that BitcoinGold or
BitcoinCash has Bitcoin in the name creates confusion (and therefore potential of negative impacts
on Bitcoin adoption.) There's also a chance (albeit small) that the new coin will actually take over
and become dominant, thereby also reducing the value of Bitcoin.
Confusion is last of worries. What they all think that t will bring them large amount of free cash/coin after this form. Most likely it will have negative impact, cuz no news of development have been made, except that its coming 25th this month. Large amount of buys have been made and many expect to see price be like it was with bitcoin cash. Maybe im wrong but this time i dont expect to see even half of the price that was with bitcoin cash, they have at least some support in that but here i didnt find out anything.