I've been in internet marketing since 2009. I'm new to crypto world. All these Bitcoin forks seems like Google SEO updates like Panda and Penguin that Google used to penalize many website even some big names were in the list. Bitcoin. The hardforks specially the recent one has benefited Bitcoin but rest of the top coins are suffering with every passing day as Bitcoin Gold hardfork has announced some lucrative rewards for Bitcoiners. Dear @exyle, I agree with you on this point:
The success of Bitcoin Cash I don't think many foresaw. But if this Bitcoin gold proves to be successful, I'm sure it will open a floodgate of new Bitcoin XYZ coins.
But I would like to add one more point:
After this success, the majority of the top ten coin at coinmarketcap would be that of Bitcoins. What's your take on it?
Very good post and analysis.
Keep posting, sharing and inspiring more.
Steem On!
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I guess you would be right. If all these forks produce $400-$500 Bitcoin 'XYZ' coins you will find a lot of them back in the top 10. Which would not be a great development in my opinion. But the free market decides not me.
The banner I run for another Steemian. It's a business deal. The link doesn't work at the moment I just noticed. I think they are upgrading the servers.