BTG like a lot of other forks such as BCH, BTV,... have been a fork of bitcoin which we call fork_coin and it has always been an altcoin. there has never been any doubt about it!

Bittrex is very far from being a "well reputed" exchange. they are scammers.
and them delisting a coin only means one thing, that the trading volume of that coin on their platform has not been enough for them to make profit.

every coin that was forked out of bitcoin and uses the name bitcoin-something is a shitcoin. i don't know why you are excited about this particular coin

you can not really measure the value of a coin (specially the altcoins these days) based on their community and the members of it. nowadays there is an army of shills and bag holders and other paid advertisers who are filling the community of each altcoin. some of the worst coins actually have some of the biggest communities in this cryptospace!
at the end of the day it is still utility that is the first and only factor that will determine the value and importance of a project not its community, not its price, and certainly not its market cap.

i don't really think so. it is only one case and it is not even a full usage of a cryptocurrency. it is more like an iconic use of some tokens on top of using real fiat. the article says 25% but i think it was 100% in fiat and some tokens were exchanged mainly for publicity of the token, possibly because they have some stake in it. and this whole thing looks like an ad for that altcoin to me.

they are not lying! they have been successful, but only successful in scamming those who join them and taking their money not successful in pumping altcoins
it is basically a simple process. you buy some shitcoin that nobody has touched for a long time, usually it is indicated by its lack of daily trading volume, then after you bought it (and possibly its price went a little higher because you bought it) you tell your herd of sheep to buy that coin and as they buy it and as its price goes up, you start dumping on them and take the profit out.

it is simply because bitcoin has actual usages apart from speculation and that is the reason its adoption is real and continuous. in case of the rest of the market, their prices are purely speculation and because of that they have no adoption. all the price they gain can go out just as fast. and that is why bitcoin is the "lead" and will stay on top while others fall further and further back.

actually gold has a ton of different usages, i don't know why you say "gold usage is now less"! bitcoin is only a currency with some side smaller use cases. that is why bitcoin and gold has nothing in common and should not even be compared in first place.
besides gold having or not having usages has nothing to do with bitcoin being good.

when altcoins like LTC and the coins you call "good" are pumped they eventually get dumped too. it is the natural order of things that has been going on from the early days of the alt coin market. the altcoins have always been considered the good short term investments because of that, people take them and make their profit while they get pumped and then make their exits on top causing the market to crash.

in both cases, both coins are extremely centralized and that makes making every single decision easy. ETH has a centralized developer and centralized nodes and nobody cares much about which direction it goes as long as they are making profit from its pumps. that means the developer flips a switch and a fork occurs, as simple as that. we have seen it in the past that there is no proper consensus mechanism in it as is the case with centralized coins.

BCH is the same, it was created and is controlled mainly by Bitmain since they are controlling more than 90% of its hashrate. the developing process is also similarly centralized, even though there are seemingly multiple node programs (abc, cash,...) but they are doing the same thing and the nodes are also centralized to data centers and controlled by the same people so the upgrades and forks happen based on their decision.

with the release of Ethereum ASIC miners everything started to move in the direction of more centralization of this token. now that the mining farms are shaping up there will be more of these mining pools by the same companies such as Bitmain also forming up so that they can control the network of this token so that they can earn the maximum amount of money from it.

it is just bubble of a pumped altcoin bursting. it is really nothing new or strange about it. it got pumped at some point and gained a fake value that it didn't deserve so now it is losing that value because you can not keep what is not yours. so far ETH has lost 81% of that gained fake price and it still has some more left to lose although it has slowed down significantly but i do believe that there is still some dump left.

there is roughly about 3-4 topics about this subject on the forum. search keywords like "power consumption" and "mining" and things like that and you will find them!


what you need to learn about is "difficulty" it is not some fixed number that rises with block height. it is a number that is mainly adjusted based on hashrate or in other words how many miners are there. if a miner quits, the hashrate goes down and the difficulty adjusts accordingly to make it easier to find blocks for the rest of the remaining miners. the opposite will happen when more miners come in and increase the hashrate.
it is done so that we have 1 block every 10 min or more accurately 2016 blocks per 2 weeks. so no matter how many miners there are we will end up having this much blocks in the fixed time frame of 2 weeks which is the difficulty adjustment period of bitcoin.

first of all, their bank forming a cryptocurrency unit to look into the technology and possibly adopt it to create their own centralized altcoin has nothing to do with their stance or flexibility about crypto market. they may even actually ban it while creating their own coin.

secondly that news like any other news saying country blank banned bitcoin was pure bullshit trying to spread FUD. India never banned anything.

the first step in being successful is always asking the right questions!

both these coins are going to survive like the other 2000 altcoins that are "surviving" and similarly they will be profitable to invest in just like the rest of the 2000 altcoins are.
the real question that you should be asking is how you can make profit from these coins. and the answer is pretty complicated but for starters you should invest in them while they are rising and having a positive overall market (pumping periods) and then you should make sure to sell them when you reach profitability and feel like the positive market is coming to an end (aka before the dumping season begins).

in my opinion bitcoin cash supporters are mostly misled and it is bitcoin's fault!
last year we had one of the worst years for bitcoin as a currency and that meant huge transaction fees, slower confirmation and mid year when BCH was created even slower block generation since we lost hashrate as it went back and forth between bitcoin and BCH. and on top of that bitcoin developers and bitcoin.org and basically every bitcoin social media was starting to force feed people that bitcoin is store of value not a currency, they even removed the word "cheap" from bitcoin.org trying to say bitcoin is not even supposed to be cheap.
well that pushed people into BCH. and they abused the situation to their own advantage. people like Roger Ver and the rest who created BCH don't care about bitcoin, they just saw these faults with bitcoin and the community and started taking advantage of it to fill their pockets.
so when they "blame the other side" they do have a point but that still doesn't make their shitcoin any better.

i disagree because apart from Starbucks the rest of them are completely irrelevant to bitcoin's growth.
facebook buying Coinbase makes absolutely no difference. it would be a company who just changed ownership. it still doesn't make people want to buy bitcoin and if it doesn't buy it, it doesn't make people want to sell bitcoin.

ETFs are the same. their approval may make some people put aside all the FUD they have been believing in and buy bitcoin but it won't be that many. and those who invest in ETFs won't even affect bitcoin price because they are not even buying bitcoin! they are basically buying a piece of paper. and they money never enters the bitcoin market. so its rejection won't cause anyone not to want to invest in bitcoin in the future either even if in short term we see some panic.

as for starbucks, them not accepting bitcoin won't make people not-want to invest in bitcoin so your statement that i made bold above is not true.
if they accept it however it is one more real world usage of bitcoin as a currency and that always increases the adoption that is already happening. in other words it can speed it up by a small percentage and without it the speed is there and the adoption is happening but that increase won't.

in other words your statement is like saying people will stop buying cars if the car dealerships stop including an "pine car freshener" with their cars.

there is nothing similar between bitcoin and stock that you are trying to compare them. bitcoin is a currency and if you want to compare it then you should compare it with other currencies and if the market is your focus then compare it with the currency markets called Forex.

for example if you buy and hold JPY or USD or ... you are trusting the economy built with these currencies, and if that economy goes down the value of that currency goes down and vice versa. bitcoin can be seen the same too. there is a big economy build on top of bitcoin, all the big and small businesses for instance. from exchanges and payment processors, to gambling sites, mixers, and small merchants accepting bitcoin. as that economy grows the value of bitcoin grows with it. we saw one case last year with Japan as lots of merchants started accepting bitcoin and that economy grew and with it price went up.

SEC is not rejecting cryptocurrencies! they are no one to even be able to reject anything!
what they are rejecting are bitcoin ETFs and they have nothing to do with "cryptocurrencies"!

as for regulations, bitcoin does not "go under regulations". bitcoin is a decentralized currency which literary nobody can regulate. what they can regulate is the businesses using bitcoin, the exchanges, merchants,... and they have already done it to some extent a couple of years ago. and that is only US, other countries are different. for instance bitcoin was regulated last year in Japan and was adopted as a legal way of payment.
again none of it has anything to do with altcoins. they still remain the same pump and dumps. they go up and down in a manipulated market which will never be regulated because of it.

welcome to the world of pump and dumps!

when an altcoin is pumped with a lot of hype, fake manipulation and injection of money from whales and massive number of newbies FOMO buying some shitcoin, the price goes into a bubble after the pump. bubbles are unstable and can not stay around for long. they eventually pop and that leads to the next phase:

the dump
this is also a natural and inevitable phase in a pump and dump duo. it is when the hype goes away, the whales cash out and everyone starts to short that shitcoin to earn a lot of money during its downfall. during this phase there will always be a lot of newbie bag holders who stick to their bags tightly until they lose a lot of money like 80% to 90% of their investment and then slowly start panic selling. as they do that we have another round of huge drops as the price goes down sharply.

eventually the phase will be completed as the shitcoin reaches its bottom price and is abandoned by the newbie bag holders. but it won't be completed as long as they are bag holding and whales want their bags cheap. after they get it price will remain at the bottom for a long time so that they can accumulate and then the next pump starts and we will have the same thing all over again.

a bearish market is when price goes down, the falling wedge is also when price falls down. but price has not been falling down for a very long time. if you look at the charts price has been in $6k range for the whole August and it has not gone below the bottom ever since we hit $5900ish back in February (6 months ago). technically the drop has been over for about 3-4 months at least. we have been at the bottom at a consolidation stage.

it is true that a drop to lower price is possible but being possible doesn't mean we are in a bearish market! a lot other things are also possible but the possibilities don't define the market and its trend. the trend itself defines it.

when you want to use the banking system, you can not be anonymous. you are asking something that is completely impossible and it is not something that you should ask us on a bitcoin forum because it is off topic to bitcoin, your problem is with banks and their AML/KYC rules that is voiding your anonymity.

so either don't use banks and instead use cash and any other method that doesn't involve them or stick to your bitcoins and use them as a currency!