NO, this has NOT turned into a bitcoin site, and our focus is still on providing tutorials for business school academic students (11 million Youtube views and counting!).
CAUTION: This is not an endorsement to buy, sell, or trade bitcoin. This kind of stuff is extremely risky. For me it’s like trading stock options; the only difference for me is that options expire but bitcoin will never technically expire.
So WHY might bitcoin classic (BTC) surge over the medium term or long term? Here’s MY THEORY
After the success (perhaps even short-term quick buck) success of Bitcoin Cash (BCH) where every owner of bitcoin classic (BTC) got a “free” token of bitcoin cash (BCH) and made up to $700 in one DAY for EACH bitcoin BTC they owned, what do you think’s gonna happen?
This will encourage more “forkers” (like the dudes who “created” bitcoin cash BCH from bitcoin classic BTC) to make their own bitcoin-derived currencies from bitcoin classic; and similarly give one “free” token to every bitcoin owner.
The Effect:
- More bitcoin “forkers” will copy this model of giving free new bitcoin-derived currency to every bitcoin holder.
- Every time a new “forker” does this, people will start buying bitcoin classic wanting to get the “free” new bitcoin-derived token, because they want to make a quick buck after the “fork” just like bitcoin BTC owners who got free bitcoin cash BCH… creating a surge in demand. Every. Single. Time.
- People who are holding/owning bitcoin classic BTC will not want to sell before the fork either… creating a shortage of supply.
- What happens when there’s a surge in demand and shortage of supply? No brainer. And this is every… single… .time.
Of course, this is still all very risky and nothing is guaranteed. Like, maybe one of the forks in the future could flop, ending a gold rush into bitcoin whenever a new bitcoin-derived currency fork is announced. I don’t know, and I wouldn’t trust anyone who pretends to know.
I’m not here to argue about whether value of bitcoin is “real” or not and whether it’s only digital value or what not… and that’s not the point of this post. Since arguing about that will just distract from this topic, I’ll delete those comments (I have nothing against that argument, it’s just that it’s irrelevant to this post).
So, anyway, sticking to the topic of this post; what do you think? Will more “forkers” copy this model? And if yes, what will be the effect on Bitcoin classic and the new forks which come? Let me know in the comments! (And oh, please share this article; thanks in advance!)
#bitcoin #bitcoincash #btc #bch #bcc #hardfork #fork
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