There is no doubt in my mind: that are wrong. And if you are so sure put your money where your mouth is, like I did. And we will talk again in say 10 Years? or more if you want additional room for getting it right? Anyway: in my post I didn't agree in anyway with those entrepreneurships. I just explained to you what the hell is going on, as that was your own question. I myself hate to see this explosion of alt-coins, ICO's and split-forks and all the chaos and scams hitching on. This all blurs the focus on the one and only Bitcoin. But that comes with this mind blowing disruptive innovation of blockchains and smartcontract. It distributes entrepreneurship to billions of people around the world.
1. It is dangerous to trade against the madness of the people. I am sure TSLA will go bankrupt, but I don't outright short it. The same with cryptos. The only recurring argument for bitcoin is: price. 2. That is what you get in a decentralized, unregulated market. Comes with the territory really. 3. This is where you are deluded. There is no "one and only" crypto. Cryptos are easy to make, easy to replace and they are not protected by any copyright. That also means their prices can not stay up for forever. Nothing like that did in the history of mankind. I bet on history, not on a "one and only" Litec... I misspoke, Bitcoin. By the way, evolutionarily, when a fork happens, the new, improved coin (if it is actually improved and better than the old) should take over the valuation and the usage. That way we would get a better and better crypto with more and more features. the market should vote for the better product. So far this didn't happen. But who knows, maybe it will with a truly improved fork/coin. Otherwise forks has no point beside quick money making.
Pekelo, in writing the above..... in all those years you are trolling crypto threads, you haven't learned anything yet. You keep repeating the same 2013 nonsense. There is a reason why the Dollar is king of Fiat, and Facebook is king of Social-media and Bitcoin is king of crypto. And it has nothing to do with "easy copy and replace".
Seems these bitcoin "forks" are like a company doing a secondary offering... increasing the shares in circulation while reducing the value of the shares before the new shares hit the market. Funny, the addition of Bitcoin Cash hasn't hurt the value of BTC, has it?
No it hasn't. Just as the current BitcoinGold fork will not hurt BTC. Although the November S2X fork is a bit more risky, I think it might crash BTC temporally (if so: a nice moment to buy more). BTC is already heading to $5100.... November-20 is nearing