Bitcoin Forum

Hello everybody,

I know it's a dump question to most of you, but sorry for this, I'm just a small newbie here ??? ???..

I heared about the BTC new fork, BTG that's going to launch next week.

According to the current high BTC prices, is it a good idea to buy small BTC amounts (Less than 1 BTC, JUST $2000 value) to get the free BTG??

Or it is better to wait till the BTC price goes down after that fork is done?

Does BTG worth the high BTC prices for now? Or better to wait??

I've $2000 that I want to invest somewhere, and I believe BTC is very powrful, but not sure about the timing, shall I buy now or after the fork is accomplished?

Looking forward to your opinoion.

Thanks so much for your time..

 

it's all depend on your situation,
to be honest it's not really that worth if you're only investing that much of money,
because who know what will happen when the price is starting do dump ?
if we're lucky enough we may be can see it around $4000 more or less,but if we're not lucky enough the price may be mooning directly.
for me if i only have a half Bitcoin or less than that,
it would be better to wait for dumping instead of buying it right now.
or buying an altcoin right now,because everything is drowning.

well,everyhing can be happen.just choose it what do you think it's good and you should make some back up plan for that.
make sure to not get trolled by people

You could. It's your decision at the end of the day. What you have to consider is that the current price is rather high, and could still drop. You also don't know how Bitcoin Gold will be received, so it's very possible you bought Bitcoin at a higher price than you should have for nothing.

You can just save your earning and you don't need to buy some of if, we don't already exactly what will happen on next fork so we also need to be careful on our decisions. Maybe try to save all your bitcoins now and just wait what will happen on next fork.

That really a good advice we don't need to buy bitcoin much better to save because we don't what happen after this coming fork. So we need to be wait what happen after that fork. But its up to him if he want to buy bitcoin.

How much can you afford to lose is the first question you should ask yourself.  If its 2,000 dollars than that is what you should invest if you truly believe in the coin working.  I strongly believe in Bitcoin and although I don't have 2,000 dollars to invest I put pretty much whatever I can in small chunks of time into the coin.

I think buying is the route to go because of the free money. Why have 2K outside of bitcoin during the fork when you can have it in BTC and get a double down of BTC Gold? Buy, then get free BTC Gold and sell it for more BTC.

Its your choice man if you want to buy and receive btg go invest more money to bitcoin but i think it would be risky because it will be a chance to go down bitcoin price and also have profit side if bitcoin go up very high.

Thank you all for your replies,


I'm pretty aware of the risk, but I deeply believe in Bitcoin and I know it can be the future for the whole monetary system. Although the price can drop for some time, it will grow up later on.

My point here is: does it worth to buy BTC in such high price to get the same value of BTG?

Or it is better to wait after that fork, when the price goes down, then buy a higher volume?

In other words, will BTG be more valuable than the BTC price dump later?

Example

I can now buy 1 BTC for $6000 & then get 1 FREE BTG,

Though, if I wait for some time I can buy around 1.5 BTC for the same $6000 withouht getting any free BTG.

So, the question here in other words, do you believe in BTG to be valuabe so that I pay that high price for BTC for now? Does it deserve it?


I know it's all guessing, but educated & guided guessing is very helpful to some extent.


Thanks so much for your time.

I would suggest you to buy altcoins rather than btc just for the sake of BTG.Altcoins are drowned now.It is better time to buy them.

It's absolutely a gamble, but I think the odds are on buying BTC now and getting the free BTG. Even if BTC then goes down it will eventually recover and go up again so I don't think you'll lose.

This is a common question, the big problem is the recent high, it will hardly be profitable, but if you believe in the BTC, it is always time to buy and hold.

The problem is we do not know what will be Bitcoin Gold price be. I remember Bitcoin Cash was around $300. If you buy $2000 worth of BTC which is around 0.33 BTC, you should receive around 0.33 Bitcoin Gold. If each Bitcoin Gold is $300, your Bitcoin Gold will be worth $100. It is your decision whether it is worth buying BTC now for the free Bitcoin Gold.

If it is me, I will not buy BTC for the sake of receiving Bitcoin Gold.

dont be easily get with some thing free because sometimes this cause fraud and failure. i think its better if you invest your fiat with ethereum because this is such a good coin and i have experience it. but its all up to you.

I think BTG will be a shittier shitcoin than BCH. I have a decent amount of btc, most of which I'm putting in decent alts that have been affected most by the raise in btc. It's easy money, arguably more and easier than waiting for the fork. And anyways, I don't wanna support a stupid shitcoin like btg. Possible scam as well.

You are probably not the only one with this idea. A lot of people had this thought.
Noone can predict what will happen with BTC / BTG. It can be either a good idea to buy BTC now to recieve BTG.
But on the other hand this could also lead to a loss of capital. It may be the case BTC drops together with BTG and you will either cut your losses
or keep holding until it will recover again to take your investment out.

if you have extra money there, then you should buy as bitcoin is rising and rising and will reach the 7k mark before the fork ?  they say! and btg is a good investment to have ! for free!! this will boom like BCC ...

Bitcoin price is increasing every hour these days because of bitcoin gold split. I'm afraid that after the split the price goes down dramatically.

Some of the same. If you already have bitcoin, enjoy your bonus. this will undoubtedly go the way of bitcoin cash. but if you are thinking about buying bitcoin just to take the snapshot, please be wary. The snapshot is seemingly already priced in. Dont be surprised if we experience a major retraction after the fork/snapshot, as the current price of btc is most likely a result of this. WE ARE IN AN ALL TIME HIGH. Dont forget this. Empirically, when we get here, some government will introduce some guidance about btc and then we retract.


Trust in the past. It really does have a habit of repeating itself.

My view is to go for it and here's why.

Many people in this thread give you the warning that it's likely to drop after the fork. I agree with that. However if you think ahead, in the long term, BTC is highly likely to recover and regain that initial loss back for you, by which time you have an equal amount of BTC and BTG.

It's for this reason I'm holding mine over the fork.

If there is such an opportunity, I think you should invest because I believe in the future BTC will grow and its value will rise even higher. Beside that, you say that you will get BTG for free, this is a very high growth potential currency, so to say it is another version of bitcoin, so why not take the risk, maybe you will receive more than what you want.

What's a "dump question"?

Anyhow,  buying bitcoin right now probably isn't a bad idea, as momentum currently favors the longs.  But you'd also be buying in at bitcoin's ATH, so be careful.  As far as bitcoin gold goes, I have a feeling it's going to be just another shitcoin, BUT you'd be getting it for free, and free stuff is always nice.  I still haven't claimed my bitcoin cash yet, but I probably will once I get a new laptop and can download a wallet for BCH.  So yeah, buy away. The bull market still has legs.

I would wait for a dip before buying in. Consider the price of Bitcoin rose from around $3500 a month ago to around $6100 now. That $2,600 rise isn't all because of the fork and BTG, a lot of it is pure speculation and manipulation. For BTG to be the reason behind it means people believe BTG is going to be worth close to $2600 each, or the difference in price that Bitcoin rose since the BTG talk began. Well if you believe that I have a bridge to sell you.

Anyway, the price is sure to come down again at some point as nothing rises straight up. If the money is burning a hole in your pocket to invest, I would suggest buying in in 25% increments, meaning buy $500 of BTC now, wait a week until after the fork to see how things play out, then invest another $500, wait another week or two invest $500 and so on. This way you spread the risk out that due to the run-up in price, or the fork, or both, you can get in at a good price.

I think most are of the view that they will sell their bitcoin gold at the earliest opportunity. If this is your plan I would buy more bitcoin although you are buying at high prices it should still hold value after the dust settles after bitcoin gold.

We can bitcoin at any time as bitcoin price potential will fly in future for sure. If the coin splitted from the bitcoin gold or profit always earning bitcoin and holding it for some time will be best to go bro.
Now only blockchain accepted BCH in their wallet. If you look into receive BTG rewards you have to concern desktop wallet to get the bitcoin gold reward for the bitcoins you saved in your wallet.

Speculating for sure but I think the price corrects a little and that right there would be the BTG like others have stated. Its very risky to buy right now at such a high price and if it was me, I would wait till a week after for settling in the market. Do not see a rocket in price after, so you would have time to buy if price stabilizes. Chasing BTG seems interesting till you step back and look at what you could loose.

To be honest, I wouldn't recommend you to buy Bitcoin just because you will get BTG for it or any share from the upcoming forks. However, I believe that Bitcoin is a good investment considering the long-term scenario so if you can hold it for the long term (minimum above 3 years) then it is highly recommended to buy it. However, this is my personal opinion and one should do his own research before taking any investment decision.

I will not recommend buying bitcoin now especially if your purpose is to get free bitcoin gold because the price isn't good to invest at this point, it's quite high and you might incurred lost if ever the value drops during or after the fork better wait and see what's gonna happen and if chances will be given to better buy bitcoin when its value drops so you can earn well beside we cannot asure you that the value of bitcoin gold will also become high after the said fork

I think if you want to buy because you are preparing for the fork you should also gather enough information to guide you in order to avoid making mistake.

Bitcoin Gold is a total scam! I don't even know how it has been getting this much attention, it's weird... And for your question - no, you shouldn't be buying BTC in the hopes of getting free money with bitcoin gold..

Buying bitcoins anytime is a really good idea..but just to get BTG i dont think so...as i dont think BTG would worth that much...And i am pretty confident that after the fork bitcoin price will go down

Nobody really knows what will happen to price at fork. If you believe it will drop more than the value of BTG you will receive then it would be better to buy on the dip,if it happens. Bitcoin is very strong at the moment,perhaps due to the fork,so will fork be strong enough to cause decrease?

Should have thought about that where prices aren't at a premium ($4500-$5000). Everyone seems to do the same thing right now, and that's one of the reasons I thought why there's a sudden sharp increase in price. Most people think that BTG would be another easy profit grab like BCH so everyone wants to be a part of the new scheme. It's not too late, you still have 4 days to go.

Obviously, it's been getting much attention because it is free and who does not like free money unless everyone here wants to lie. Sure, the Bitcoin Gold fork is rubbish, unnecessary and having unnecessary annoying forks like this every now and then will end up affecting Bitcoin's immutability. If OP wants to buy BTC not because of the value it has to offer but because of the fork, with the hope of some free coins, it is his choice. That is how he would wish to conduct his business hoping for a better return from the fork, and I do not see anything bad about it. However, it is not good to be encouraging forks because of the free money if we have to consider the reputation risk.

A portion of the same. In the event that you as of now have bitcoin, make the most of your reward. this will without a doubt go the method for bitcoin money. be that as it may, on the off chance that you are contemplating purchasing bitcoin just to take the depiction, please make an effort to remain careful. The depiction is apparently as of now valued in. Dont be astounded on the off chance that we encounter a noteworthy withdrawal after the fork, as the present cost of btc is no doubt an aftereffect of this. Dont overlook this. Experimentally, when we arrive, some administration will present some direction about btc and after that we withdraw.

Yes and then buy just BTG because BTC has become a joke. Or better buy ethereum, neo or lykke.

Anywhere does anyone stated that if small amount of btc is bought then BTG will be distributed free? Its not suggested to buy BTC when the value is high. Better wait for BTG launch. Then buy BTG is you are really willing to buy then.

BTC a joke? The strongest and most popular cryptocurrency ever? I guess you wanted to say "buy BTG because BCC became a joke. It's either that or you're on drugs :D
Be my guest you can buy my BTG for 50% of the price of BTC. If BTC is a joke that should be a bargain for you ;)

why are you considering btc a joke? It is the currency of future, it will eradicate the government regulation once for all. It is no joke my friend its a deal.