Cryptocurrency Diaries #4: Too Many Hardforks

Really? More Bitcoin hardforks? It seems like BTC hardforks have just become a money minting strategy for traders and investors in the crypto space. Just two months ago, we had witnessed a hardfork that ended up in the creation of Bitcoin Cash. BCH is doing pretty good, it was priced at around 400-500 USD (on average) so far. Now because of the panic sells, it's gone down 300 USD. If you're unaware of what Bitcoin Cash is and what the hardfork was, I suggest reading my older post.

The new hardforks/splits:

1. Bitcoin Gold- Blockchain split is going to happen on October 25th. The date is speculative because the actual split is supposed to happen at a specific block number and can possibly happen before or after the 25th. I think that this is the most ridiculous hardfork of Bitcoin, it all seems very dodgy. Let me explain, if you take a look at their website (btcgpu.org), which is currently down for reason, there are barely any technical details about the actual currency. The sentences don't make much sense. There is a twitter account for Bitcoin Gold but it doesn't seem reliable. The cover picture of the account has a website link which is currently down but the link in their account description/bio has a different website(claimbitcoin.gold) with barely any technical information about the currency once again. There is no mention of the official website in this one.
2. Bitcoin-2X(B2X) - Split is going to happen sometime in November, official date is yet to be announced. The objective of this split is to create a currency that is faster than Bitcoin by implementing Segregated Witness(SegWit). The faster speeds are achieved by removing signature data and increasing the block size to 2MB. You can consider this similar to when Litecoin implemented SegWit in its own soft fork.

I find that Bitcoin Gold is a bit scammy, you wouldn't want to sell any important/promising altcoins to get Bitcoin just before the split. I, however, had sold some SBD for Bitcoin a few weeks ago so I may get some Bitcoin Gold if Bittrex and Poloniex support the split and the new coin, like they did for Bitcoin Cash.

Bitcoin-2X is more professional and trustworthy but I don't think that the implementation of SegWit can be entitled to a hard fork and a split into two separate blockchains. I would still hold onto my BTC and possibly get some after I sell any BTCG that I get after Oct 25.