Bitcoin Forum

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

I really do not trust BTG. Bitcoin will still be the main character, no one can replace. Between BTG and many other altcoin, I will choose NEO, ETH for investment will be much better

Yes, you are right, bitcoine is losing its position, but even the altkoins have fallen even more. That bitcoin can yield another crypto currency in five years, I agree with you.
But, why panic? It has long been known that after a strong take-off - a big drop and correction will come.
Bitcoin gold is everybody knows, there was another unnecessary fork to enrich the authors, and I think that bitcoin gold will still show itself in quotations of stock exchanges, but when?

It crashed because it's simply utter trash, that calling it a "shitcoin" is an understatement; and you're comparing it to bitcoin, the #1 cryptocurrency that actually works right now not like other coins/tokens that promise you crap but isn't likely to deliver in the end. Don't get me wrong. Bitcoin can crash. But crashing the way bitcoin gold did? Fuck off.

tldr; you don't know what you're talking about.

indeed bitcoin gold is one of the bitcoin hardfork which has experienced a drastic decline and hasn't had good progress until now, this is because the emergence of bitcoin gold occurs when bitcoin experiences downtrend, if bitcoin experiences uptrend, I believe bitcoin gold will also increase

I bought a Chinese fake copy cat phone that didn't work, so Samsung and Apple will be next to fall.

My second hand $300 car broke down, so Formula 1 as a sport is now defunct.

My local little league baseball team is shit, so that must mean the Yankees are shit.

These statements are only marginally more stupid than what OP is claiming.

BTG isn't the first fork at all.

Forks can be successful if they have the backing of wealthy and powerful entities within this industry. People can say about Bcash whatever they want, but it's an example of how a fork can be successful in many ways.

Overall, forks without any backing, which definitely goes up for BTG, are doomed to fail. Why should anyone even be surprised about that? It was great for the people who dumped it around $400/$500 but that's really it.

Bitcoin gold was not the first Bitcoin fork like your posts says. This sort of invalidates the rest of your point, as you got something so fundamental wrong. Bitcoin cash was the true first Bitcoin fork. And how do forks dying off point towards Bitcoin eventually dying off? That is some really stupid logic. So if Fools Gold starts dying off, does that mean real gold will be dying off soon?

No.

These are just knockoffs of the real thing. Obviously the forks were going to die one day, some take longer than others. But the forks dying have 0 effect on Bitcoin. Acutally, if anything it would have a positive effect. The money from the fake Bitcoins will just flow back and reconsolidate into the real Bitcoin.

What I know, the presence of Bitcoin gold serves for a smaller market than Bitcoin. the collapse of the Bitcoin Gold price can occur due to a lack of system development from the support team, resulting in a reduction in mining in Bitcoin Gold. I prefer the opinion of this one:


To the Point, the fork must have the backing of wealthy and powerful entities within industry

Bitcoin gold is a major shitcoin so it doesn't really mean anything.

from the beginning I didn't trust the BTG at all, rather than having to invest with BTG, I'd better invest with ETH. ETH is a hardy coin.  :D
when bitcoin falls ETH falls, but not as bad as BTG  ;D

You're delusional if you really believe in what you're saying. How can a bad clone of something not gaining trust and value show the flaws in the original project?
Try to copy some famous art pieces and selling them. If you manage to get 1% of value of the original I'll be amazed. Now this crappy BTG shitcoin managed to ride the wave for  a long time. I'm sure devs made a lot of money on the fact that when they launched Bitcoin was in a bull market.
At the time of launch I was calling BTG and BCH shitcoins and sold most of them right when I got them. You can find my old posts. I lost some potential gains on that move because I did not account for Roger Ver and Bitmain pumping BCH in December, at which time BCH alone gained at least 300%, but who cares, I turned it to BTC that also gained a lot at that time.
Shitcoins will die and it will have completely no impact on BTC. You can already see it by BTC dominance going up despite bear market.

Good. These crapforks (especially forks using the name "Bitcoin") need to dissapear completely from the market so that more money can flow back into BTC, or at least any other legit projects that are out there in the market looking for funds.

Wrong, next will be the rest of the unsuccesful forks.

Also, funny how you didn't even give an explanation as to why exactly forks dying will have any sort of real effect on Bitcoin. Do yourself a favour and take your stupidity someplace else.

the forks are side flyers of the bitcoin hype without them bitcoin could become an unfunny lonly cult, its main drivers are those huge miners that have own those huge mining facilities (like in iceland or china) they are the bitcoin whales that will invest into bitcoin advertisement.

Bitcoin gold is not the worst coin to investment since this year starts but nowadays no one will be considering this coin for their investment and mining side also there is no big support for this coin. Henceforth you can ignore this coin to invest your fund at there.

When the fork falls only this coin has been segregated in the market and at the same time this coin seems having potential in future but currently there is no symptoms to go bigger in the market.

Oh, how can you say that failur of bitcoin gold means future failure of bitcoin? They have nothing common, only first name bitcoin from BTG. On another hand see bitcoin cash, it's the only fork for me that deserves attention. What would you say about it? Why this fork still stands steadily?
Bitcoin has it's number one place among cryptocurrencies and everyone knows reasons, it's more anonymous amd decentralyzed compared to others, there are also a lot to say.

Apparently you missed the part where BTG suffered a hashrate attack and double spend (https://www.ccn.com/bitcoin-gold-hit-by-double-spend-attack-exchanges-lose-millions/).  If it lacks security, it's worthless as a cryptocurrency.  This isn't a valid comparison.

It hasn't gone unnoticed that you have a tendency to post threads which require a massive leap of flawed logic to arrive at a (seemingly intentionally) negative conclusion.  There's a fine line between skepticism and FUD and you need to be careful you don't cross it. 

This. But yeah, Yankees are shit.  :P

People had more hopes on bitcoin gold than any other fork. We saw a bull run pre-bitcoin gold fork, but all the hopes went down to drain the moment btg came out. There was a fail at the beginning itself,IIRC. I am surprised that BTG took almost a year(~10 months) to go down. Bitcoin is no way close, buddy. So get your shit right.

not just the Bitcoin Gold who is falling down to that price but even NEO goes down from 160 $ to 15 $ and many other currencies

i think we will have to evolve centrally administrated cryptocurrencies.

these pow cults will suffer baddly. no product developed, no entertainment just waste of ressources and pow

i mean who but those running vast amounts of installed hashpower will then push bitcoin? in an ocean of competing cryptocurrencies. some already use fake user ai that pm people recommending their respective ICOs.

bitcoin is right in opposing the broken banking cartels in many developed countries. but its wrong int thinking a cryptocult could dominate entire world economy, i posted a picture about that. how it will look like

honestly I prefer ETH than BTG, and all those who have chosen the BTG as its investments this year, they're investing with worst coins
 :D

How? It would be more beneficial for bitcoin if there was no forks, not the other way around. Remember that the Bitcoin Cash (BCH) fork separated a small(but significant) portion of bitcoin(BTC)'s community in to a separate community. I don't see how that's advantageous for bitcoin.

that is why you never bag hold altcoins.
the shitcoins like bitcoin gold, bitcoin cash, ethereum, ripple, dash,... are always going to get dumped after each pump they have. it was not a "bad omen", it was the market being the market like always but newbies like you will always keep their heads in the sand while bag holding altcoins that lose value. and then you blame bitcoin because you were foolish enough to throw away your money on shitcoins instead of buying the only thing that has real value. :D
it is not our fault that you are losing money and we are not. we made better choices than you and never fell for the alt-ads. that's all.

This happens because the emergence of Bitcoin gold occurs when bitcoin has a downtrend, if Bitcoin experiences an uptrend, I'm sure Bitcoin gold will also increase.
Bitcoin gold is one of the Bitcoin hardfork which has experienced a drastic decline and has not experienced good progress until now.

Based on your submission, you are concluding that because BTG is facing this, the next is surely going to be bitcoin. On a light note bitcoin gold is the second most valuable fork after bitcoin cash which means there is still enough time before it will get to bitcoin itself so chill.

Now, you need to consider how bitcoin came about and other forks with the exception of BCH which has done quite well in which we know its due to some prominent factors behind it, others are free money which a lot of people are willing to dump. The reason for its fall to that point now and not earlier is because holders are thinking that the price would increase to the high point like BCH and when the market start crashing, its gradually turning to a myth that's the reason for the dump. But the down turn now is surely not permanent.

You can "evolve" in that direction if you want, but count me out.  That's de-evolving in my book.  Go play with Ripple if you want some company in charge.  It's antithetical to our goal, so we don't have or want that and I don't think you're going to find much support for it here.

So, I have a question.. Why all the bashing of Bitcoin Gold? What have they done wrong?
A bad Oman?? I am curious as to everyones response as to why this is the worst coin ever.

that is what shitcoins do, you keep bag holding them and lose money as a result then come burst out here with your topics when you lose your money because of being a bag holder of some shitcoin. that is what happens to pump and dump altcoins. if you are so angry about this then stop buying them if you don't want to get dumped on.

I treat BTG just as another Altcoin, not Bitcoin, not even close to Bitcoin.

There is NOTHING wrong with BTG. To think , they have survived several 51% attacks, they are continuing to produce products.  From what I see, those who do nothing but bash and spread FUD. They are weak people, with nothing better to do.  I would like someone with a reasonable rational explanation for such negativity. If you come here and bash without a valid explanation, I will call you out on it.. In the end it will make you look even more stupid.
An open friendly discussion is welcome.

i think many has sold their bitcoin gold and buying bitcoin because you can see the btc value is not crashing like btg and other altcoins.
But i don't think the bitcoin itself will crash. If bitcoin could crash, it would crashed some years ago.

Found the bag holder.

Did you miss the part where BitcoinGold was created to be anti-ASIC, except it isn't? Or the double spend attacks? Or the 97% dump? It is a trash coin, soon to be gone forever, and rightly so.

it's not the first bitcoin fork. The first one is bitcoin cash, infamously represented by roger ver. This fork offers nothing extraordinary to community in my opinion, just hyped bitcoin code

Found the bag holder.

Did you miss the part where BitcoinGold was created to be anti-ASIC, except it isn't? Or the double spend attacks? Or the 97% dump? It is a trash coin, soon to be gone forever, and rightly so.
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Thank you for posting this....

1 It is anti asic, the reason is that 144_5 takes 2.5 gb ram vs 700mb .
2. The double spend was the result of the exchanges only having 1 - 2 confirmations
3 . The dump was with all altcoins, not just BTG

Please tell me what has the team done wrong? So far none if what you have said has nothing to do with them.
If there is something I am missing , please let me know.

This does feel like a bad omen. But the market will recover. It always does. Instead of giving up, ti will be better if we remain calm.

Times are tough in the market. And this post will make the investors lose heart. But it is important for us to remember that the market was in a bad state before too and it got out of it as well.

The ethereum has very positive qualities that it can exalt, it can still be relied upon, even necessary. One of the best crypto. You had to wait for loss, again everything happens from the time. Business loves time, like profit itself, you should have suffered only 1 month-2 months.

Bitcoin gold is a fork of the original bitcoin and is a ‘shitcoin’ claimed by many. Since bitcoin is taking a downtrend, the other coins are falling too. Besides, any fork of bitcoin is total bullshit, even bitcoin cash. The ultimate winner will always be bitcoin. Instead of worrying about BTG you should concentrate buying cardano or ethereum.

the only good fork of bitcoin was bitcoin cash. everything that appeared later isn't worth attention and investments.

Bitcoin Cash??? Really ? Really?  All they do is marketing, marketing, marketing.... THEY have no substance.

You have no Basis for calling Bitcoin Gold a “shit coin”
Please provide proof?
My understanding is that you call it a shitcoin, just because “others” do......
You are not making a very valid point..

C’mon guys...... convince me of some hard FACTS!  Where is your proof of it being a shit coin?

You mean apart from the fact that it was solely designed to have an enormous premine and make the scammy devs millions of dollars when they dumped their premined coins on everyone else?

I understand you are upset that you are bag holding a trash coin, but it's time to cut your losses and move on.

I'm really happy that I managed to sell NEO and Bitcoin Cash before they started to fall much in price, it seems to me that this fall was caused more by FUD than by real reasons ..

I think you are right, because the market is gaining momentum, in the future it will become an everyday life. Therefore, I think that it will be green. Interesting question, thank you.  8) 8) 8) 8) 8) 8) 8) 8)

Of BTC and all its forks I think Bitcoin gold has the lesser potential for growth and is a lot under valued when compared to BTC and bitcoin cash.
That said, the dump of Bitcoin gold can be attributed to FUD and a year long bear run and not a case of the coin not bin good enough

I actually think this is a good chance to buy the dip on this one and wait for a future pump. But if you want to stay safe bitcoin and bitcoin cash are safer And more reliable alternatives.

Join DeStream ICO: https://destream.io/?referralId=adf52557d7994818a3bf8131262f2179#action=bountyreg

This coin was a bad idea since the start. No more that another pump and dump shitcoin, just using the name bitcoin does not mean that something is valuable at all.

Oh you mean this?

https://bitcoingold.org/endowment-wallets/

The fact that they only release enough funds to pay bills and wages, the rest is time locked....

Your getting there, keep trying🙂

This coin was a bad idea since the start. No more that another pump and dump shitcoin, just using the name bitcoin does not mean that something is valuable at all.
[/quote]

In Response,

Okay , again what pumping has anyone of the team done? Can you please provide me with anything that the BTG team has done to promote/hype their coin? All I want is facts, not someone upset because they bought high and was greedy and didn’t sell.

Talk to me.....

Bitcoin gold is one of the bit coin hard fork which is now facing a severe decline and there is no progress till now! BGC crashed because it’s simply an utter trash! Well, BGC will experience uptrend hopefully when the BTC will increase!

This is terrible. The people need to be reassured that the market will stabilize again, like it did in the past. The newbies are especially panicking and they are selling off their coins and is the reason behind this fall.

No one can give that assurance.  And even if we could make promises about that sort of thing, it's not our job to influence their decisions about their own wealth.  There's no point in telling newbies comforting things when we have absolutely no idea what's coming next.  Treat this as a learning experience.  Volatility happens.  If you can't handle that, consider your motives for getting involved in the first place.  There are no guarantees of "profit".  If you want a more comfortable ride, make sure that, whatever happens with the markets, you're happy with the coins you hold because they have utility that fiat can't give you, or because you know that, on some level, the "traditional" economy is fundamentally broken and needs to change.  Speculation is gambling.  Sometimes you are going to lose.  

Personal responsibility is paramount.  Don't let strangers on the internet guide your actions with reassurances of good times ahead, make up your own damn mind.  

No matter what, we are all to stay calm. Because at the end of the day, it is the demand we have for the coins that will save the market. As long the demands are there and we HOLD, the prices will recover.

Ya, fork and airdrop for holder coin just for miner. If you are trader or investor just use it to get profit from difference price. But BTG stil have chance to raise up, just wait for its mother to going to the moon again.

Right! This year is just not for crypto that is all I can say. Everyone is so damn depressed about what is currently going around the market. I just can hope that this situation will end soon.

No it doesn't feel bad. Because the situation of bitcoin never depends on the bitcoin gold. They are two different things. If one falls, it's not necessary that other will fall.

Although born from Bitcoin, I have not seen any application or voice from BTG. Perhaps people have abandoned it, let it into oblivion

It is not necessary for bitcoin to fall if bitcoin gold falls. They are totally different. So, if one falls, doesn't mean another will fall. They are not attached with each other.

Bitcoin is now showing it's worst market value but that's not mean that it will replace by other coin.

I am not interested about BTG and hope still there are no alternative of bitcoin. Recent market is down that's not mean that it's can be stand up again I hope.

What??

Have you been to Telegram, Discord, btg forum, Twitter, Facebook, Reddit?
In total they have over 100k followers.
Maybe you just aren’t looking..

https://forum.bitcoingold.org/t/bitcoin-gold-social-media-channels/1182

Just look at this!

And the Garlicoin subreddit has 117k subscribers. Doesn't make it a legitimate project.

I'm actually laughing now that I've realized this. A meme coin created on reddit solely for "the lols" has a bigger following than Bitcoin Gold.

You are bag holding trash. Sell it ASAP.

The collapse of bitcoin is an unlikely event. but the collapse of altcoins is possible. you need to carefully choose the coin to buy. there are promising coins such as YOYO, STORM, NEO, PPT. I choose these coins and will wait for my profit.

in the future, bitcoin will replace other coins, not always be a leader. There will be new kings

Its really too bad that you cannot come up with even one simple argument as why someone shouldn’t invest with Bitcoin Gold..

So, what is the reason for bashing? If you don’t invest in BTG, then why spend so much time here? If you are a non investor, then all you are doing is spreading nonsense.