Hard forks is process of creating completely different cryptocurrency based on original cryptocurrency, splitting the original blockchain in two separate blockchains. This process tends to decrease the price of the cryptocurrency, but collective fear is not the key factor but investors capable of moving market with enormous trades are. Some of Bitcoin\'s hard forks are Bitcoin Cash (BCH) and Bitcoin Gold (BTG). Hard forks like this are mainly created to solve some issues, for example Bitcoin Cash was developed in order to solve problem with the low transaction speed and Bitcoin Gold is aimed at miners to make mining easier, decentralize the network even further. As we already said, hard forks are influence the price of the original blockchain and that is Bitcoin. Both of the hard forks resulted with the rise of the Bitcoin price in the day following the fork. Here are some factors why. After the hard fork holders of original Bitcoin get an equal number of Bitcoin Cash which can later be sold for an additional profit.
Blockchain which are product of the hard fork, can\'t usually boast long term growth potential, its price depreciate rapidly due to sell of. It happen with the Bitcoin Cash and Bitcoin Gold. Demand for the original Bitcoin goes down as opportunities associated with the hard fork diminish. As a result, price of the Bitcoin is returning to the \'normal\' level.
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