BCH's second fork and investment value
In the past few days, a rumor suddenly popped up in the circle: BCH may fork again, and the rumor of this fork was caused by a Weibo post by the CEO of the ViaBTC mining pool.
This shows that BCH may have to fork again after the fork of BSV, and the name of the new coin that may be forked is called Bitcoin Cat (BCC).
Speaking of forks, BCH itself is forked from Bitcoin.
In August 2017, due to irreconcilable contradictions between the core developers of Bitcoin and the major Bitcoin miners at that time, Bitcoin forked for the first time. This fork forked BCH from Bitcoin with the strong support of Bitmain.
At that time, many people hoped that BCH would have a chance to become a real Bitcoin because of its more reasonable expansion plan and strong miner support. But after a short period of hustle and bustle after the fork, the industry no longer debates who is the real Bitcoin --- Bitcoin is still Bitcoin, and BCH is habitually called the "Prince".
Just one year after the fork of BCH, in the BCH system, due to the more radical expansion idea put forward by "Satoshi Auben", there was also an irreconcilable contradiction between "Satoshi Auben" and another faction headed by Bitmain. BCH also forked --- in November 2018, BSV forked from BCH.
Since the digital currency is an open source system, theoretically anyone can fork the existing digital currency from the source code. However, whether the new currency after the fork can be recognized by everyone depends to a large extent on whether the miners and the community support it. Without the support of miners, it may be very difficult for the new currency to survive, not to mention whether it can be maintained.
After the fork of BCH, Bitcoin has been forked many times, and Bitcoin Gold, Super Bitcoin, etc. have been forked, but except for BCH, no one knows about the others.
BSV, which was forked from BCH, has performed well so far due to the support of a strong representative "Satoshi Auben". Although "Satoshi Aoben" has a bad reputation, the market value of BSV still ranks 6th, closely following BCH. Afterwards, it cannot but be said to be a miracle.
For each fork, it seems that the vast majority of community members will generally support the fork, although they may not necessarily support the new fork currency. Because regardless of whether the price of the new currency can be maintained in the future, it can still maintain a certain value in the early stage of the fork because of the popularity, and in the long run, basically it will not affect the currency price of the original currency, so this is equivalent to giving all the original currency If the currency holders get a free benefit, why not do it?
For this second fork of BCH, most of the community currently welcomes it. For example, Jiang Zhuoer, a large holder of BCH, obviously welcomed it, because if the forked currency is valuable, he will become another large holder of new currency.
After the rumors of the BCH fork broke out, a group of sensitive speculators began to increase their positions in BCH, hoping to take advantage of this convenience to obtain more free benefits, which in itself is also a good thing for the growth of the BCH community.
But in my opinion, even if BCH is really forked this time, I am afraid that the new forked currency will gradually calm down after a period of turmoil. Because it may be difficult for the new forked currency to find a support team with status and influence comparable to that of Bitmain and "Aoben Satoshi" (despite his bad reputation).
