The ghost of the branching in Bitcoin was probably called again for the second time in 2025. The first time that happened during the “war” between clients was Bitcoin Knot and Bitcoin Core.
The second is happening now after personally revealing the private message of Luke DashJR, one of the longest based contributors of Bitcoin Protocol. The existence of this ghost is recognized by the community. That doesn’t mean that the branching actually takes place.
If a protocol suffers from hard forks (hard forks), it is impossible to mathematically accurately predict what will happen to the price of Bitcoin (BTC). However, both Bitcoin and other cryptocurrencies have historical precedents, and can be gone to estimate the market impact of divergence on the chain.
By “splitting” the network into two, the cryptocurrency branch point can affect the price of the original currency Thanks to the uncertainty that this fact produces Owner. Forks force you to wager which chains will be “legal” and encourage you to sell coins for fear of supporting the wrong options.
This sales pressure, along with community fragmentation, could push down the price of the original chain asset if fear is contagious.
Bitcoin Cash (BCH), the most important branch up to Bitcoin date, is a clear precedent. This hard fork It happened on November 18th, 2018After a long lie-worn battle known as block size blocks (Block war).
As reported by Coinmarketcap, the Bitcoin-price candle containing information for the month was opened for $4,024 and closed for $3,191.
Assuming there were no other important variables that would affect it, this price volatility was very little for Bitcoin. In particular, we consider this to be a more volatile and unpredictable time for prices.
The following month, December 2018, the price remained the same between $3,000 and $4,000, so fork I would not have had a late impact on the value of the asset until that day.
In fact, in May 2019, Bitcoin priced over $13,000. Monthly candles in July 2020 were closed for over $10,000, and the most important fall of the year was due to the Covid-19 outbreak, not the purpose of divergence.
The data listed reveals that the Bitcoin networks we know today are major and legal, but care little about the intense divergence of Bitcoin cash. In this currency, there was no reason for Bitcoiners to feed.
Each user who had BTC in a wallet that controlled the private key received an equal amount of BCH. They were in a privileged position, where they were able to hold both coins There is no need to bet on the future of a protocol.
Another concurrent branch in Bitcoin cash also did not affect the price. It occurred in November 2018 and was known as Bitcoin Satoshi Vision (BSV). Bitcoin prices were also seldom bothered this event, as evidenced in the previous graph.
Did the fork affect Ethereum prices?
Ethereum also suffered from the branching of the Ethereum Classic and the original chain. This fork, It happened in July 2016 on the opportunity to hack DAOholds Work Test (POW), a consensus algorithm used by Bitcoin. Meanwhile, the main network uses another consensus algorithm for 2022, called Participation Test (POS).
Did you resize Ethereum Classic Fork for Ethereum? CoinMarketCap shows that ETH suffered price stagnation in July and August 2016. It fell to $6.26 in December of the same year.
In the short term, this fall was irrelevant, as I was able to follow other reasons. As of January 2017, cryptocurrency prices had risen to $1,400 before entering the Bears or bassist market.
Summary: Fork regardless of Bitcoin price
Therefore, Ethereum also suffered a significant price decline over the medium and long term. Hard fork With that chain. In fact, the rival chains between Bitcoin and Ethereum They’ve gotten much worse than postnatal Bitcoin.
Bitcoin Cash fleeting in March and April 2021, so it hasn’t exceeded $1,000.
Bitcoin SV is not yet blessed. Its prices are the historic lows ($23 per currency) that produce low continuous soils from at least December 2021.
The Ethereum Classic costs around $18 and has been latellar since June 2022. The maximum price we reached was $68.
The ghost of the branch is exactly that. An idea flutters in the minds of social network critics, developers and opinions when the discussion about Bitcoin protocols becomes tense.
However, if this happens and the integrity of the current Bitcoin network remains intact, there is no reason to believe that the branching will affect the price of BTC. However, history never repeats itself, so some degree of uncertainty regarding the impact of divergence on Bitcoin prices is healthy and even desirable.
