From December 2017 to January 2018, We have seen many bitcoin fork. And there are Super Bitcoin (SBTC), LBTC, Segwit (B2X) , Bitcoin Diamond And many more. That time SBTC Price was 800$, the B2X price was 1400$+
But at this moment, I just shocked by seeing their value! B2X Price is 1$ !! How is possible! SBTC price is 21$!! But why they are fallen down! Then Bitcoin Fork isnt helpful for Bitcoin? I am just confused.
Please Share your opinion.
Thank You.
If I made up a bunch of fake "Dollarfork bills" on my computer and printed them out and then tried to get other people to value them, how successful do you think I would be? It's easy to make a fork of a coin - but such things have absolutely no value without some innovation that would lead people to desire them. The current crop of Bitcoin forks are spectacularly lacking in solutions to Bitcoin problems, so they keep falling as the initial speculators who bought into them are forced to dump at a loss. This outcome should have been obvious.
The forks were simply trying to ride off the Bitcoin brand name without any real innovation. Cryptocurrency projects that actually have some innovation or are trying to solve problems in other areas that Bitcoin doesn't address, they want to build their own brand. Not be derided as dishonest counterfeits.