Bitcoin Forum

Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%
https://www.cnbc.com/2017/10/25/bitcoin-gold-price-plunges-what-is-hard-fork.html


Do you think the Bitcoin split was a good move?

IMO any bitcoin hardfork is a bad move as it makes new comers confuse in which coins to invest in.I don't believe in Bgold same as Bcash.They all have one purpose to damage 'bitcoin' name.Bgold did pumped the price of Bitcoin prior to the fork and now bitcoin price is crashing.Even Bgold dumped more then 62% on exchanges so No,Bitcoin gold wasn't a good idea.

Bitcoin Cash came but Bitcoin price still grew and doubled its price. I guess their names doesnt make any effect now.
How much coin will they still make just so they could confuse every new investor. Using the name of bitcoin just so they could make some money when someone made a wrong investment.  :'(

Yes it is a good move. Some of them made some money.  ;D
What are they really aiming for? Ain't it money? So they are successful with what is done. We should have a thank you thread instead.  ;D

It is a good move for now, many people made money after all. The only question is if it will be a good move for this lunacy to go on? As far as I know there is another bitcoin fork upcoming which is bitcoin silver. I have read a thread about it here in bitcointalk the day before yesterday which offers yet another bitcoin hardfork that is not that good to use at all. My final opinion is that having this fork is a bad move in the long run. I hope bitcoin silver would be the final fork in the next coming months.

I believe so I just cant inderstand why they need to fork from bitcoin network ? are they could not just cope up with the existing ? I think this bitcoin fork is jusy all bussiness they do it because they wanted to earn money from the confused investors , I will never support this forks ever.

Bitcoingold was a bit of a scam, taking advantage of people who wanted free coins and who imagined that it would be like bitcoincash.

The gold developers are so clueless, they are begging to hire people who can do replay protection - which goes to show that they're opportunistic marketers rather than genuine developers.

Like many others I can say it is good just to get some free coins and sell for quick profit,but many users will not do even that because it is not simple process.Bad side of this is one more "New" BTC which creates unnecessary confusion among users and also second big problem is hackers who create false wallets and in that way steal BTC from users.It happened with BCH and I think some will lose their coins this time also.

Unfortunately this forks/new BTC have no end in sight,sometimes I wish Satoshi is protected name "Bitcoin" and make hard fork possible every 4 years like halving.

Whenever what coin being created , it will affect on global value at the first glance so first impression is very important to attract new investor.
If it can exist for long term, it means that people still interest on it so it's already become altcoin's nature

For the multiple coins users and investors bitcoin gold will be a nice move but my advice do not go to invest on the bitcoin gold at the initial time we need to able to identify the upcoming bump or dump in that concern coin.
Profit you expects that will not in your hand if the bitcoin gold value will dumped in the chart.
Market supply the bitcoin gold will be a additional investment option for the all altcoin investors.

It seems to me that the collapse is always good. It's not because I dream to get free coins or hope for a price increase of bitcoin after the fork. It seems to me that the fork allow to dissolve in different directions ideas for the development of the project. At the helm there are only associates and not to internal contradictions which can blow up any project from the inside.

we will need BCH and BTG only when  BTC mean end or price increase  to wide range  like 100,000$

all this  try to end BTC

Well, these holding BTC will get Bitcoin Gold too, so they will get free coins too, in this regard, the promise is meet.

The problem is the lack of replay protection being rushed by developers that cannot properly code so they have to hire it as you said, but not only that, the fact that there's a 2 week premine turn it into a joke.

Wasn't Bitcoin Cash premined too? I remember Bitmain said they would premine it on their blog, or they were talking about another hypothetical fork? I have lost count with so many forks as of late.

Of course, without the news about bitcoingold most of those people who invested to take profit from this would not invested if they knew that btg was going to be a fail.
But without them, then we would not see the price over five thousand dollars, so i am happy because of that. Maybe yes, it was a total failure and not a good idea at all, but it hyped the market by a lot of money and it attracted a lot of people, so if we look inside the facts, it was a good idea after all.

Well I think its a good idea because when hard fork take place bitcoin cash and bitcoin gold came in. People love to happen this kind of event because us can get easily free money. We can earn free by having bitcoin gold and that's a good idea to all of us.

NO. It is clearly an attempt to scam and make some profit. They do not any reason and knowledge to archive what they want. People that decided to hold or buy more BGold will lose a lot of money.

Who are these 'experts' who aren't sure if bitcoin gold was a good thing,
and what are they not sure about?  It was a horrible idea and I'm surprise
it didn't crash 99%!  There's absolutely no reason for all these forks, and
I don't care if they do provide something free. Nothing is going to compete
with the real bitcoin, and certainly not a fork of bitcoin. These people must
be smoking some malodorous illicit substance they got from one of the silk
road iterations.

For me in my own opinion honestly splitting can give us more profit as we can see compare before split started from bitcoin cash we already seen the price of bitcoin was increase high and now we hit the another price of bitcoin because of another split and get bitcoin gold..
The good benefits we get is we can get a free fork coins like bitcoin cash and bitcoin gold that you can sell it if you don't wanted to hold them for future purposes and we getting free profits.. So bitcoin gold or splitting is good idea and also i notice our bitcoin transaction is getting more faster compare before.

Honestly not they are not splitting bitcoin just to scam all people are getting benefits because they can get the fork coins for free..
You don't need to buy if you are holding bitcoins in your wallet  before the fork. .

Well, Bitcoin will continue ruling the world of Crypto-Currency, BTG will be distributed for free among Bitcoin holders. There is nothing wrong with this, no one is being scammed, the important here is that you will keep your Bitcoins and will receive extra free money, Bitcoin Gold. We are already receiving free coins and people are complaining about its price? Lol, better than nothing... It's surely a good idea, it won't destabilize Bitcoin and will give us extra profit.

This fork had some minor and very short term effect on Bitcoin's price - at first it boosted it since people wanted to get airdrop, then the price started falling down after the snapshot of the blockchain has been taken, but now Bitcoin's price is rising back, so there's almost no effect on Bitcoin and its hodlers.
Developers of BTG premined 100,000 coins so it's obviously good for them.
Some people will sell their airdrop while the price is still high.
But the people who will buy and hodl if will get burned when the price will crash, like it happened with BCH.
Moral of the story - don't buy and hold shitcoins.

BTG is the same as bitcoincash. so I think Bitcoin will remain number one and Bitcoin will remain the best. Bitcoin price will be quite influential, but if you look at how the statistics that occur then the Bitcoin price will still survive. the time when fork and Bitcoincash resulted in bitcoin price had decreased, but when you are patient then see that bitcoin price has reached 6.000 $. this has proven that Bitcoin has the power to survive and for me Bitcoin is the only valuable digital currency at the moment. maybe only Etherum can match the bitcoin, and for bitcoincash and bitcoinGold I think they will not last long.

What's the Price of Bitcoin Gold? Crypto Traders Still Aren't Sure
https://www.coindesk.com/whats-price-bitcoin-gold-crypto-traders-still-arent-sure/