Bitcoin Forum

With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase (https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins.

Don't be one of the dummies buying.

I really hope that this crashes and burns, and if it doesn't people will learn a valuable lesson when they do see the 'devs' (if you want to call them that) of this shitty premined shitcoin that is only getting attention by people because it was after the big Bitcoin Cash fork, which actually had support of some people on these boards and in this community.

Let it die my brothers, let it die and this all will end.

Nice write up and thanks for the share. I hope a lot of newbies read this because their is really no point of supporting another clone coins. Bitcoin Cash failed, and this so called Bitcoin Gold would have no value at all. It will be dump hard after investors get their free coins. In just a month this coins will be forgotten, and those who believed that its better for holding will be in a very rude wake awakening soon. Don't fall for the trap.

same as the Bitcoin cash this coin is also fanbased and price will only depend to a less number of people with some of them having most of the coin.

I see, so this upcoming fork is one of those forks which have the purpose of self gain, and the developers are doing it by riding the fame of bitcoin, its saddening, because many people are wating for this fork since its announcement, and knowing that its purpose is just like as said above is just saddening. Its really nice to have read this post, thanks for the information.

The ones supporting this hard fork are blind and deluded to think it will make any impact at all. If the developers actually premine, it's going to straight up end in the list of shitcoins with its value plummeting to the ground within weeks. The development team would be poised to dump the premined coins if at all they intend only doing this for their own profit which is seemingly the case at hand.

Are there exchanges listing BTG outright after the fork? The developers can dump all 100,000 BTG coins and hold them all in BTC and claim it as a fund for development, while the poor people who support and bought BTG will hold those useless coins and wait for the pump.

Thats life in cryptocurrency scams.

I doubt that BCG would be worth anything a week after its release. What's troubling me is that all these constant forks could erode trust or further confuse people who are just starting to hear of bitcoins. I just hope this is not some underhanded move from the Chinese government.

Yeah just make money out of it just like what they will do.
The faster the better. Monitor what will happen then save your damn bitcoins as fast as you can after the fork. Dont let it stay in an exchange for a long time.
Good thing there is someone like this who will remind everyone.

Same sentiments here bro. I hope it crashes as soon as its been released. I find it really off and disturbing it offers no help at all just another nuisance.

Like i ve been reding btg is under ddos attack,it is shity coin even code has been not released
Binance is trading btg at 0.46 price with very low volume
I also dont have good opinion about btg

I think they will be doing the same thing that Ethereum founders has done. They pocket a few coins during the pre-mine and

they airdrop a few coins to shut people up. Yes, people want to go back to the idea that you can mine bitcoins with CPU/GPU's

and this ASIC resistance will give them a taste of that. This will also screw some Chinese miners who are heavily invested in

ASIC technologies. It is a feature rich fork, but the developers behind this is dodgy and unorganised.  ???

This article definitely describes the current situation and the warning for people who actually do support BTG: https://motherboard.vice.com/en_us/article/qv38ab/bitcoin-gold-website-ddos-after-bitcoin-fork

The issue that I have with BTG is that people created a bubble in bitcoin by buying because they thought they would just get loads of free money just for having bitcoin that they could dump and buy more bitcoin with. However, now, BTG is being dumped to oblivion and the price of bitcoin is going down too for those who are taking their money out.

Still many people are expecting the bitcoin gold trading and reward before the coin splitted from the bitcoin. If you have the bitcoin in the bitrex or other BTG supported wallet you will be able to get the reward for the bitcoin you saved.
BTG will decrease after it comes into the market like BCH's value decreased in the chart.

Totally agree. An altcoin without reason of being, without important developments in the ecosystem and with a future nothing promising. As soon as I get the coins that correspond to me after the hardfork, I will look for the way to sell them at the best possible price, because this new altcoin is called to follow the same path of Bitcoin Cash and quickly lose its value.

I hadn't heard about this until you posted this article, and if you'll excuse the pun, this is GOLD. Even better that the DDOS is coming from China, which seems appropriate since the consortium of Bitcoin Gold developers is from China. It's an interesting to me that anyone forking off the bitcoin blockchain in the hopes of "saving it from itself" (as both bitcoin cash and bitcoin gold believe they are doing, BCH by increasing the block size and BCG by eliminating ASICs) would choose to do so in the most shady way possible (pre-mining and refusing to release the code publicly). Sadly, I don't even think that will doom the coin, because this market of sheep will latch on to anything that will turn them a profit, and if BCG can promise that, people will believe it and won't send it to the immediate death it deserves.

Sadly this is the future, expect more forks and splits in the future driven by pure greed. If it is possible, you will find people that will take advantage. For every one person against this coin, there is another backing it - newbies will be attracted to it as it is being sold as a cheaper and better alternative to bitcoin. The more experienced folks will acquiesce eventually when the con inevitably starts doing well.

It will be the responsibility of the exchanges to warn their users about suspicious hard forks of BTC, from my perspective. Bittrex was good to issue the BTG rightfully for their users, but they have also issued a warning.

https://support.bittrex.com/hc/en-us/articles/115002320451-Statement-on-Bitcoin-Gold-BTG-

Bitcoin Gold does not currently have:

• Fully formed consensus code
• Implemented replay protection
• Adequate code for testing and auditing
• Publicly known code developers

That is why that there must be no people to trust or invest in any kind of newly created coin because of Bitcoin's fork as it is only a copy cat of the original one and will serve no purpose at all but to only steal the fame of what Bitcoin already set to the whole world. If this statement of yours is really true then I am sure that this newly forked coin will be more worse than Bitcoin Cash.

Sad to say but i guess that is what are going to happen. I did't even read and heard any good potential about this forking, and yes it does only makes the developers much richer and poor got poorer. This is a trap that most people are not aware of, so hopefully it will just be gone if anything else happens.

You said it right it is pure garbage, trash, and god damn awful look on the industry. Cant believe this ish is allowed but its the wild west up in this. It will be nice when some regulatory bodies step and stop this shady stuffs

from happening often. Not only does it hurt people buying into this garbage but it also hurts the rest of the industry. So much power should not be in the hands of few but that is what happens when a lot of $$$ on the line!

i dont know what would be the support that this coin will received after the split, for miners they will be able to mine btc gold using gpu and what more?
after they mined they will sell it again to btc there's no real purpose same thing with bitcoin cash.

Your wish is coming true, it's already crashing. Since the fork the price as hack down to $130, give maybe a day or 2 more people will sell their BTG. I am also waiting for the dust to settle so I can import my priv keys safely.

That's why investors should be knowledgeable enough on this kind of fork in order for them to know what is real and what is not. Bitcoin Gold will not be even able to beat or to even reach what Bitcoin Cash have reached ( like having a follower and also a cult here in bct forum). another big suspicion here is the Developer who is not even known publicly.

I maybe new to investing and bitcoin Gold is not one of them(forking coins). This uncertainty and doubts towards the one making the fork is valid and they can’t even bother to save themselves or taking action about giving information accurately to the bitcoin community. The intention of the developers are extremely on a gray side, we all know that on that area it easier for them to go black than to be in white. Be smart enough to know that it is worthless to invest.

I can not wait for bitcoin gold, will it be better than bitcoin cash or BCC? but I'm sure bitcoin is the main choice although it will appear bitcoin gold.

The Premining issue is a full BS and also they have that "SECRET" "ANONYMOUS" "CUTE" LEAD DEVELOPER with an alias that is not Developer-ish alias is another FULL BS. They also have a Chinese LEAD Person there. Which is quite suspicious. Anyway, This will be like Bitcoin Cash. #Trashed

good info thanks for sharing, i have bitcoin from 22 october yesterday, i hope i get bitcoin gold and can enjoy the advantage of bitcoingold fork.

Bitcoin Gold is clearly trash from their "Secret" Lead developer along with the mining of BTG coins. That is pure BS. They just want to Pump the coin and dump their pre mines, with that they can be rich and scam the BTG investors. Be aware.

Great, so now we have even a pre-mined bitcoin! Wasn't this fork supposed to support small individual miners and let them have profit? I bet the organizer is a Chinese farm, not a small businessman. I guess the fork is already behind. I can see that people who had bitcoin on bitfinex already go bitcoin gold in their wallets, but I can't find this currency on coinmarketcap at all.
This is truly the way you put it. It is even stated that bitcoin gold is like a reserved copy of original blockchain in case something happens to it. Doesn't sound like a good explanation to putting the original's price and reputation at risk to me.

I think the purpose of hardfork is not just to split but to update new softwares. Or even throw some old blocks that was mined. And it's too early to judge btg gold if it is scam or not. Miners and devs have risked things for the hardfork. It is not just easy to announce it as scam. It is in each user to face the risk in acquiring btg. Im sure most are already if its scam or not. And for me it is good to have invested btg gold in a wallet if i can acquire free btg. Scam or not its my fault.

I'm always surprised when people say that the project is Scam even before the project came to light. It is not correct. Any project has a chance to develop, or he may die. Constantly appear and disappear new coins. They all scams? No. Perhaps the developers did something wrong and did not receive support. Many people think that bitcoin is also a Scam. No one knows their future. I wish good luck to all.

Better to sell all your airdrop btc gold once you receive if your are planning to hoard btc for the airdrop. They are making it a trend to have a fork everytime btc price becomes stagnant or dips. After this btc gold what's next? Btc platinum? Btc diamond? Only devs and whales are gaining from this forks. Break the chain.

As we see the current price is $164.47 vs yesterdays 400$+
Seems like the only good usage of this fork is just selling it asap for a higher price. Actually the same that with bitcoin cash but much faster this time.
P.S. I am realy surprized that someone is buying those garbage forks.

Bitcoin is So risky to invest So when open new fork from it you waste your time , burn others money and Destroy BTC

So the coin is published on the chain successfully after all no and woos. It’s been enjoyed as free coin and people are getting free money out of it. Some of them are getting 30% of bitcoin as free fiat after conversion and do you really think that it is piece of garbage. I’m sure it’s not after all everyone is enjoying the free money and trying to get more and more they could. It’s too early to predict anything in bullish way. Always look for more information before predicting. It’s part of development process and I believe it will succeed.

In future bitcoin gold will be followed by many other altcoins. Just like everyday we see new altcoin tokens op up which are ethereum based erc20 tokens these altcoins dont have a future like bitcoin. Bitcoin is unique and it has its own competitors but no other altcoin which is a fork of bitcoin can replace bitcoin. These forks are increasing the price of bitcoin prior to the fork true but this idea of selling the new shitcoin and making money from the fork does not seem good to me at all.

Developers premining many coins is shady indeed even if it is only an ordinary altcoin. The project is bullshit and probably no one will ever buy into bitcoingold, most will probably dump immediately because it is not handled well and is really not better than original btc itself. It might become another shitcoin after some months after the release. People want btg for free money anyway, there will only be few willing to buy btc after release. Bitcoin cash is better than Bitcoin Gold IMO.

The surprise is no more because it was already known to most of the crowd that they will receive the free bitcoin gold which they can later on dump for real bitcoin.


Now people are more aware this time due to segwit2x where most of the community enjoyed receiving the free cash. This time people don’t wanted to loose the money and they made reality. This is why we are seeing more dumping rate, faster than previous one.

I have always had the premonition that this bitcoin gold would have a hoodwinking motive on users and this is what it is coming up to. Minners having ulterior motives to enrich theirselves.

I have read a thread here that was asking if bitcoin could stop corruption, now we know better.

Corruption and fraud come in diverse ways.

There was as snapshot where people is supposed to receive the coins 2 weeks from now because the devs are premining it for 2 weeks. This is fucking stupid lol. This fork could have been a decent experiment to see if equihash got any traction from miners but they had to premine it to turn it into a total joke. There's no point in bothering, I don't expect this to be worth even 2 figures rather soon. I understand the devs want some support but you have to find other alternatives to doing a premine if you don't want to carry that stigma in your coin forever.

I think this fork will just need time because like BCC and other altcoins which are dump already because of the upcoming BTG. Hope the segwit2x will make other currency balance with bitcoin until the end of the fork.

You can find bitcoin gold on coinmarketcap here:  https://coinmarketcap.com/currencies/bitcoin-gold/

Perhaps it doesn't show on the first page because the code hasn't been released publicly yet, so there's no way to independently verify how many coins exist, and without knowing how many coins there are, it's not possible to calculate the market cap. Since the front page of coinmarketcap is ordered by marketcap size, the coin with an indeterminable market cap won't be listed there. As of this posting, BTCG is down 40% since the fork, which makes me happy to see. Nobody wants much to do with this coin, and they shouldn't.

Hey, can you comprehend what just i said!? I SAID BTG is a trash and not the HARDFORK being trash. I talking about the BTG and It's "SECRET" Developer with their premined coins, what do you think of what they gonna do??. Lol.

I saw the pre-mined 100,000 for themselves the developers and I was thinking what could be wrong but they would surely have an argument for the defence because a lot of project here have provisions to take care of the developers and that 100,000 of the total 21,000,000 is actually a fractional percentage of what others developers are keeping for themselves. What matter is what will happen to that 100,000 will be the real determinant whether BTG will live to see next year or would fade away.

I must say that if this happens, then this will be going to be the best thing happened so far especially for the ones who are planning for long term investment and holding of bitcoin. Bitcoin gold is really a very good idea and we all should appreciate this thing. This will increase the fame of bitcoin and it will grasp the interest of more people thus will help them in believing bitcoin.

Terrible I think this is a crime, they do a monopoly.
and the more people who do this the more junk coins.
stay away from this behavior.

What's wrong is that if they were truly trying to release bitcoin gold to fix a problem they viewed with the code or the way bitcoin operates, then you do that on idealistic principal alone. Pre-mining the coin is only about enriching yourself. As it is, the motivation behind any hardforks at this point should be viewed with suspicion, but add on top of that an action that is blatantly about enriching yourself and you have a scenario where you don't deserve to be trusted.

Bitcoin at its core is about decentralization and not letting anyone control the money supply, and now we have a group of developers that are basically giving that notion the middle finger as they alone control the ability to create BTC Gold right now, and are using that power abusively in the exact way that bitcoin was designed to prevent.

I doubt that it was a good coin in the first place. Name is generally an attractive one though. But I never left bitcoin's side during situations like this. Surely if you would invest in alts I would prefer the most popular ones which or those who are transparent and have a direct exchanges. More or less it's useless. No users that will adapt leading to death of coins.

You have a point there. You mentiones that if we would invest in alts we should choose the most popluars kinds? Could you tell me few exact names of this if possible? Have you experienced using them as well? I wanna know how genuine it is. So far,I have used 2 or three coins already but if this forking off mode of bitcoin gold then that's somehow still useful. Considering that bitcoin is the main source of other coin's value in cryptocurrency. I guess it can solve any issue amongst bitcoin to bitcoin gold.

Shame on this BTC forking people with evil plans of getting advantage from their premined coins. I believe  there will be more forkings to come. Forking is the new ICO with 100% rate of success. All you need is scumbag paid blockchain developers and hashing power.

You should stop waiting mate! Bitcoin gold is going to be more shitty than Bitcoin Cash. In fact, probably more shitty than Doge. The coin is a joke, the devs are set of jokes and they are not even trusted. I had rather use my gpu to mine a more valuable altcoin than wasting my time mining an unnecessary coin that should not in any way be in the market.

It is not even possible. These are just some team who wants to scam investors and enrich their pockets when they themselves know the coin was unnecessary with no value in the first place.

Everything about them was so shitty and I really wonder how they could even get listed on yobit before the fork. I am even happy that these days, the community is getting wiser by the day knowing what is right and wrong and sticking to it, so we don't just let any lazy dev give us some piece of shit.

really? if this true im thankful for this information, honestly i dont want to have any coins related on hard forks because its very obvious that they want to earn by doing forks (developers self-enrichment), even it has a free coins because of the influence of bitcoin, i really dont trust any other coins asides from bitcoin. thanks for this information any way. maybe it will become a warning for those people who wants/trying to invest on that upcoming coins (BTG).

That is very sad news to know about bitcoin gold. I was very excited about the bitcoin gold as I got it free from the yobit exchanger. The equal amount was credited my account and I’m still holding those coins. I know the coin was being dumped very fast after I saw it going from 0.08 btc all down to 0.035 btc now. This means people are not supporting it at all and started to think that developers will also nit get anything out of after seeing the ridiculous market cap for this coin. So I think I will keep the coins as they are free anyway and can dump them after the public release if the price increase for short period.

Another failed attempt like the last one in august.  Bitcoin Gold can't even able to compete Bitcoin Cash now and some idiots were comparing with it BTC. There isn't any strong support of Bitcoin Gold over the network and still many things are in doubt. People should need understand and avoid these shit coins because its seems that these coins are not going to stay for a long time.

That's an advice true for 99% of coins anyway.
Most coins, and especially the ones with ICO or shit like that are just advanced ponzi schemes.
They have nothing new, nothing invented and especially no usage value as NO ONE is using them as a currency. Most coins are used ONLY on trading plateform and that's all. They're exchanged for btc in a desperate attempt to raise the number of btc you're owning.

But nothing is created here and you shouldn't invest without being self aware that it's just a gamble.

Bitcoin gold is going to be more shitty than Bitcoin Cash. In fact, probably more shitty than Doge.These are just some team who wants to scam investors and enrich their pockets when they themselves know the coin was unnecessary with no value in the first place.Many people are waiting for Bitcoin gold to Release and plan to inverse in Bitcoin gold.

This coin is one ridiculous coin that is beating my imagination in terms of its dropping in value that even before the official launch it has dropped in value beyond comprehension and that is just adding to the list of coins who might not be relevant in the next quarter. If the price can crash this much, I wonder what will happen on the 1st of November when a lot of people will have access to their BTGs?.

That explains why bitcoin gold is dumping at this movement. It’s all the way down and it is only because of investors untrustworthy nature regarding the bitcoin gold. This sucks that after all the fork and upgrades whatever we have got is another shitcoin to disturb the blockchain. Lols. Can’t imagine how kidding this fork was and what was it’s use? If forks like this keep coming then it will disturb the bitcoin market as well. So I believe that I should be investing into this. I would rather buy bitcoin and stay happy. ;-)

It is just very funny that it is obvious this coin will be a worthless piece of shit eventually.

No one obviously is ready to mine a shitty coin they cannot sell, everyone is ready to sell but no one is willing to buy, I am not sure even the devs will be ready to buy as they obviously may end up dumping their own with no one to buy them. It will crash to the point that you will beg in exchange for someone to buy at $0.01.

You damn right. Since the announcement of this shitcoin, i was already very skeptical about it. And later on knew that this coun really is nothing but a pooor effort to scam people. Which is probably why i didn't bother wasting time and effort to risk transferring my funds to an exchange that supports bitcoingold didn't even think of wasting time and money to buy a bitcoingold supporting wallet to claim my free dough. Let alone buying the shitcoin itself because i clearly saw through it. Trash. I puty those who bought a lot of this shitcoin bekieving it can be something somewhen. Oh well, toldy friends about this but didn't listen. It's their loss not mine. At least i told them.

Lol. It seems to that case right now. Btg has been on a steady decline since hitting .1 and i don't think it's anywhere close to recovering. It's even worse that bch. People aren't interested really in any untrusted coins right now since bitcoin is really breaking grounds and that's where the focus is.

Bitcoin Gold… hmph, I don’t really know if this coin would turn out to be pretty good, cause from what I’m seeing, it might be very risky to invest on it. Just yesterday, I came across a post, though I never read the post, but it claims that the Bitcoin Gold Blockchain was hacked and was under break down.

You are right it is the best time for the bitcoin and the importance of the bitcoin will remain the same so it is not the ridiculous at all, a lot of the people are now investing in the bitcoin and the bitcoin price is increasing more and more, the bitcoin is getting more and more wide and bitcoin is now being more and more famous so you will buy the bitcoin and get the profit from all the people so buy more and get more.

Looks like bitcoin gold is finally getting a release date of this weekend for the rest of us peasants who haven't been privileged enough to part of the insiders pre-mining the heck out of it.

https://www.coindesk.com/bitcoin-gold-release-cryptocurrency-sunday/

Again, I can't reiterate enough how much I hope this project fails. Nothing about this was done in a way to uphold or advance the principles cryptocurrencies were founded on, and everything about it seems like a cover to enrich the developers. Bitcoin cash looks like a bunch of saints compared to these guys.