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RE: Have patience with Alt coins including Steem. My Theory
I'm always a bit afraid when people is talking about "Free" money. I stayed out from the other fork because of this gut feeling (and I suppose that I lost an opportunity). Now we have the same opportunity and got the same gut feeling... maybe I'm only hungry.
If you think about it its not really free money, a chain split happens because people aren't happy with the original chain (or want to make some sort of change) when they do this it gives value to the new chain.(if people think the fork was valuable). This doesn't necessarily erode value from the original chain though it might.
So a fork can increase or decrease the value depending on how valuable people think the split is.
With Bitcoin Cash there are enough people that approve of it that it still has value.
It is basically the same when people create a new coin. It isn't "free money" out of thin air, the creation of a good coin brings new value to the world (though many don't bring value and they are just scams so be careful) and the market will price it accordingly. If there really isn't a value created there won't be profit to be made (except of course short term profits from speculation)
hopefully that makes a little sense at least...
Yes, of course that make sense, as we crypto-users know the only value of money (and everything in the world, I guess) is the value that people believe it has. Imho, the difference is that there will be no ICO and you cannot buy bitcoin gold (at least, not before the fork). You simply find your wallet with more cash. In a normal economy that should bring almost an instant devaluation but that's not true in crypto. But, of course, it COULD be true, we don't really know until it is done :)