Hi, guys.
So once again, in this specific video, I would be taking lot annexing my previous concept further
in the previous video.
I ended up in saying that, you know, both hard forks and B soft forks they built have a very huge
impact on the cryptocurrency and the crypto trade.
So just to, you know, just to give a sort of I don't want to bring you into perspective once again,
what I mentioned in my earlier video regarding the hard fork is that hard fork is that fork in which
the backward acknowledgement regarding the transaction is not possible.
So moving from that point on as the consequence of a hard fork, you would see that a cryptocurrency
would, you know, ultimately break up and it all into a new currency.
So I'm elaborating it with the very simple example.
Supposing, as you all are, I think, very well familiar with the bitcoin.
So in case of a sort of hard fork, the bitcoin is going to give you and and another coin of a currency
that would be the offshoot of that currency source.
So the bitcoins offshoot, as we already know, is big cash.
So if I'm holding the parent currency that is the bitcoin, I would be getting one coin of the bit cash
as well.
So how this fact, the pride of the cryptocurrency?
You know, there are two terms that are most commonly used in the trading terms one you are adding unveils
in the domain in the realm of trading and that led by rails.
I mean, the large readers or you have dolphins, the private large traders.
So they they they have a very close eye on all this phenomenon.
So when they see that a particular cryptocurrency is on the verge of having a hard fork, they start
buying the failing currency.
And Rick, in this specific example I use is the bitcoin, rather than because what after having each
parent coin or increasing the number of clearing coins, you will have an equal number of offshoots.
That is the Bitcoin Cash.
In that case, so be would try to buy as much as they can.
The parent currency so that they have the parent currency and the equal and amount of the actual currency.
So then then that's why when the currency is in, you know, is is isn't limited in terms of supply.
And you people are aggressively buying it.
You know, you would well imagine the rate of that specific currency.
You know, it spikes up.
And at the same time, when they will make a lot of money, they do buying.
Do you know that specific hard fork would happen?
And after that, what they will do, you know, people, they will blindly follow that specific trend
sometimes and sometimes they miss that brand.
If they do not have a sort of a close hand grip over that, that sort of, you know, over that crypto
trading.
So once they are done with that fine after that hard fork, they will keep, you know, trying to have
a nose dive and start buying another currency because they know that the inflation or the spike they
have created is just because of that.
That internal phenomenon that is known to on that is that maybe they will too very close.
You know, little circle are very close people.
So in this, they have a sort of a very strong influence on the rates and trading of the cryptocurrencies.
So this this is this is, you know, a sort of one thing you have to keep in mind and the other thing
is that then you will have a new clone of a blockchain, then you you'll have a new clone of a blockchain.
You have to keep that in mind.
That underlying some of the features underlying the features of the are retained and some they would
have been replaced.
The got no doubt because they are part of the same blockchain.
But as I have mentioned that, you know, that is a sort of, I mean, sort of a handoff between the
parent currency.
And often it definitely would incorporate the future of the parent.
But it would act according to all the investors moves and their sentiments.
So having said this, I would say that cloning a blockchain whenever you, if it is known, are on will
come to know about it to any channel or any source.
Just give it a dual weightage in terms of determining the origin of the of a specific cryptocurrency.
Thank you.