ETC Price Going up - HardFork Soon. Difference between Fork and Split In This Post for Newbies!
Bitcoin lately has loads of forks and.. chain splits. On various boards i have noticed people dont understand the difference.
A fork in code is just a change of code thats crucial and needs everyone to update. Loads of coins have hardforks (ie STEEM) yet they dont split into new coins.
So if you hear a coin is having a fork, it DOES NOT mean you will get new coins for free. It may just be upgrade.
If there is fork and chain SPLIT then you get the coins. Examples are: Bitcoin and BitcoinCash, BitcoinGold or ZCL and ZEN or ETH and ETC.
So when you hear a coin is gonna fork or hardfork, stop thinking it means you will get new coins. Most coins never spread just have fixes.
Currently ETC will have a fork, but it wont split (unless someone wants to make suck split).
So ETC is raising in price now, but not because you will get x2 coins free but becuase network will work better or in this case - have less mining rewards.
ETC Markets
You surely see arbitrage options now. I would say check Binance and BitFinex (esp in USD) vs others.
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why going up so much? people still believe they will receive new etc? ahha
Nice info. I wasn't aware of the ETC fork. NXT is having their Airdrop late December. Holders of NXT will get .5 IGNIS. NXT has been making some good moves upward the past few days on this news. Looks like ETC is doing well also.
Good content.
Keep up the good work.
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Nice kerp it up
Screenshot was a little small was trying to see what the big difference will be besides the reduction in mining rewards which ETH has already done.
P.S Does anyone know if ETH has gone to POS yet?
Yo ,
Thanks for sharing
@kinscrown Thank you from me too :-)
I'm still holding my ETH. Don't see ETC price rising as quick as ETH long-term.
@hustletoparadise Well I am not sure mate today it is up 34% already I feel it will be to Ether what BTH is to BTC? Cheer$;)
I wonder how long will ETH will keep rising before it falls. Or will it even fall?
ETH will always continue to rise with its usual corrections along the way. I'd HODL ETH and not worry about the month to month price changes.
Exactly what I am thinking.
Hey king sir your posts are full doge of information and new update thank you sir,
God bless you.
Great info as always!
Arbitrage opportunities always worry me as you can often have issues getting some coins off certain exchanges! The price is usually higher on a given exchange for a reason.
Mostly people does not understand the concept...this post will help them to understand the difference ...mostly people are expecting free coins that not the case at all... Clarification in this post help them in better understanding