4 out of 8 top coins are simply Bitcoin forks

rupert

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#1
Bitcoin itself, Bitcoin Cash, Litecoin and Bitcoin SV are simply different versions of the exact same source code tree.

Basically 18 billion U$ were minted out of thin air by simply forking the exact same code and making very slight modifications to it.

Investors who held large bags of Bitcoin in 2017 instantly earned a ton of money with Bitcoin Cash. Then again in 2019 they earned instant money with Bitcoin SV.

The markets often tolerate some insanity, but eventually the truth will catch up. There is absolutely no logic in having 3 different versions of Bitcoin in the top 8.

Also Litecoin might have been a good idea once, but what's driving it to #4 right now except hype about the August halving? There is no substance to Litecoin at all, it's simply a Bitcoin fork with slight modifications.

50% of the top 8 coins are simply money printed out of thin air. In one or two more years we'll have a fourth or fifth version of Bitcoin dangling with several billion U$ market cap and absolutely no purpose.

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