Post
Topic
Board Altcoin Discussion
Re: Bitcoin Diamond??
by
giveen
on 25/11/2017, 15:18:01 UTC
Because these forks are seen by developers as an simple way to create massive profits for themselves. It's as easy as copying Bitcoin's source code, doing some adjustments, announcing it as 'the' solution to all problems Bitcoin faces, pre-mining, releasing, selling the pre-mined coins. It's becoming a trend, like the ICO hype. But I don't mind it, because I hold Bitcoins and these forks also make me richer.
It could make you rich in the past but as the amount of forks occuring on a regular basis the demand for these keep reducing. See the case of bch the price was stable at $600+ for couple of weeks before it got pumped even higher. But in case of btg is seems like a clear dump , it hasn't provided any benefit nor it has been listed on all major exchanges even after a month it got forked.

Another pump and dump scheme to benefit the developers. Bitcoins is still king. I am not buying into any forking.
More like a quick cash scheme by China miners. They have Binace at their hand, easy to pump it up to whatever the price.
Not anymore they did try to pump btg but failed miserably.

I wonder, why bitcoin create a such many coin ling bitcoin gold, bitcoin cash, and now what we see is bitcoin diamond? i don't get it, so why people support this coin too?
It doesn't get supported by many the only valuable contribution to btc was made by bch only , it is a really good coin to mine with lesser difficulty and with the current increase in price it has become more profitable.