Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $...
by mywittyname on Tuesday November 20, 2018 @11:19AM
(#18494980)
The public is finally seeing the structural weaknesses in crypto. The sales pitches never really talk about forking or it's impact. Now it's clear, I think, to most layman investors that forking is going to result in a long-term erosion of crypto value.
Each fork is dividing the value of your holdings, and most people don't have enough information to know what to do about it. Initially, they might be happy they doubled their holdings, but when the sum value of the forks don't add up to the pre-fork value, then people will eventually feel like they are getting scammed and exit.
Each fork is dividing the value of your holdings, and most people don't have enough information to know what to do about it. Initially, they might be happy they doubled their holdings, but when the sum value of the forks don't add up to the pre-fork value, then people will eventually feel like they are getting scammed and exit.