I really disappointed in BTG. I had some money in it and to see it drop in value like that is insane. I never knew it will get so long. I should have waited. I was comparing this lousy coin to Bitcoin Cash. Wow, that was big mistake. It might go back up or might now, but I tell one thing that will be the last fork I invest in.
I wonder whether there is a single fork of BTC on earth that went higher on market cap then the coin it came from. |
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Looking ahead, Bitcoin may be due for another one. Come October 25th we may see another hard fork of the Bitcoin code to create Bitcoin Gold (BTG). This new faction basically wants to change the way Bitcoin can be mined, from a predominantly ASIC format over to GPU's instead, in an attempt to keep the control with the masses and not a few massive mining operations. This latest hard fork is a bit mysterious and the information about it is scarce and confusing (here is their website). Will you get free Bitcoin gold if you are holding Bitcoin in a supported location? If they pull it off, yes... but this is a great example of what happens when people stop agreeing on a mutual direction for a project.
What happens when the community all support a change to the code of a cryptocurrency? You get a hard fork that doesn't result in a new currency.
That was NOT the fact for BTG. So what you're nonsensing about? |
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And BTG is 21st by market cap  I see Bitcoin Gold is losing its positions. Despite the fact that BTG stopped its fall and started to grow slowly, it is still weak, as many people do not trust this fork of Bitcoin. It is not any kind of scam, but not the alt I would deal with. I would add on top of that all the shills stationing here with stupid, useless and zero-crypto-knowledge posts, subtracting to BTG any value rather than adding to it. |
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And BTG is 21st by market cap |
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Bitcоin Gоld is а fоrk оf bitcоin just likе Bitcоin Cаsh. оnе оf thе nоtаblе chаngеs is thаt thеy hаvе chаngеd аlgоrithm tо еquihаsh which mаkеs it аsic rеsistаncе аnd its а mеmоry intеnsivе аlgоrithm. Thе idеа is tо bring bаck GPU mining plus sоmе оthеr chаngеs.
Which didn't make it diving resistant  |
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well there was an active and powerful organization behind BCH and that is what was (and still is) driving its price. With BTG there is nothing like that, the devs were even struggling to even go live with their product. So I think that while you can safely assume BCH price will go up in par with bitcoin, then it is best to exchange your BTG to something else. But it is my thinking only  There is no safe Harbour for no coin these days. BCH included (to my joy). On top of that -as I said many times before- it was a clear danger having Korean exchanges as the predominant ones for BTG ( for any kind of coin I guess it is clear by now). Doomsday has come. ETH, XRP, BCH, BTG and many Others fell down at the sheer notice that Korean exchanges were required to comply to KYC requirements. Guess why? Also BTC fell, albeit to a lesser extent up to now. At writing time... XRP -33.72% (hooray) BTG --29.77% (I told you BTG devs) ETH -26.98% (failure to break over 1.400USD consistently) BCH -26.65% (joy) BTC -19,16% (I'm still well above stop loss triggering) For BTG: 18, 26 and 58 day support lines are in negative slope. I won't even feel like talking about the FIB Retracements which show an almighty punishment since the low of 12-10 of 2017. |
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Has fallen to 274 dollars and continues to fall, as well as all coins. We must assume that it will continue to fall. Up to 240?
Long period support (79 days) is at about 218USD. Medium period Support (20 days) is at 202USD. Prices are well below Ichimoku Cloud. RSI is below 50% and descending. https://www.tradingview.com/x/TYH8Wczf/The general drop is dealing with that https://www.coindesk.com/south-korean-cryptocurrency-investors-face-fines-for-anonymous-accounts/All the 20 major cryptos are losing but NEO (Chinese ETH) and Monero (Anonymous coin). Put the pieces together. It is NOT difficult, believe me. Other ludicrous news are that with the BTG/KRW trading pair Bithumb + Upbit + Coinone + Korbit hold at present time 83.41% of the BTG market volume. None of these exchanges is (wisely enough) being computed by Coinmarketcap for determining avg price (reason already been said). |
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well, BTG is very promising coin actually. Now btg price is 295$+ About BTG my prediction is it will reach 500$ very soon and it will be boom. So you can hold with BTG. If you can hold BTG for log time then you must get profit from them.
On which data are you basing your prediction? Just asking. |
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It has indeed. As I said before. Not anytime soon in current implementation. Yesterday scored a notable volume and today tried to eye the 400USD, but currently is loosing a lot and facing the chance of goin below Ichimoku cloud. RSI is also getting back in the fifties land. Pump and dump, that is. https://www.tradingview.com/x/7l3QX3Y1/And soon after posting that a pump on the same exchange. Proof been obtained Pump and dump  |
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I do not understand why there are such hardfork split. is BTC too expensive and everyone wants a similar coin at a cheaper price ?.
after BCC / BCH Cool now BTG will be present and everyone wants it for free. Even the advertising strategy of Bitcoingold is not good. Bitcoincash didn't asked anything from the user and just presented their principle and roadmap to implement. But on the other hand Bitcoingold is advertising as if they are the next big thing.
BCH hardfork was a mining inspired felony. BTG is currently -and I'm sorry about that- a mining only coin: call it a bridge to buy other coins on the exchanges. |
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As traders, i dont care about technology in BTG, i care about the price more. And BTG have perform great in price yesterday, more than 50% grow up and it show that BTG always have a chance to grow more in the future.
It has indeed. As I said before. Not anytime soon in current implementation. Yesterday scored a notable volume and today tried to eye the 400USD, but currently is loosing a lot and facing the chance of goin below Ichimoku cloud. RSI is also getting back in the fifty land. Pump and dump, that is. https://www.tradingview.com/x/7l3QX3Y1/ |
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Korean volume is far-fetched so your hypothesis is incorrect.
BTG next target 0.04 BTC
have you got their IP logs? Anyway not so far fetched. Just from a little bit norther BTG next target 0.04? Easily feasible on pumping South Korean exchanges. Oddly for you no market indicator is endorsing that. Once again: your posts are useless and undocumented. Steer away from here. |
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Don't believe this man. It's nothing but an altcoin that can be mined by using GPU. That's it, then there is nothing makes it special. It's not bitcoin, it's just a regular altcoin. There are already lots of similar ones on the market.
The last wallet was quite a move as I commented already https://bitcointalk.org/index.php?topic=2171754.msg27680436#msg27680436 . I humbly expressed some advice for BTG devs. They followed (Gitian deterministic build process, i.e.). I never saved them from any (even utterly sarcastic) comment, so, anyone here is free to not agree, but should also feel like being invited to propose as well. |
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This btg to me looks like pump and dump by some whales... Many loss during the last dump.... Bitcoin still remain the best..
Bitcoin devs have to add something: Lightning to mention just one. Until then it will stay in the 13K-17K region as December-January trend is demonstrating. On Dec 06 BTC reached 19.697K high with an RSI(14) at 94.56%, which was just insane. Following three days (7-8-9) were in red, with lower highs and lower lows (in the <than 14K realm the lows). That was the end of the bullish trend. By the 11th ETH started its massive roaring. Not a coincidence. BTC prices are deadly within Ichimoku cloud, which is still green, but this is a clear flattish signal, combined with a <50% RSI(14) at writing time. All data from GDAX. If BCH by end of tomorrow won't be >2.715USD it will play in the same flattish league. BTG at Bitfinex -as Bittrex uses USDT and Bithumb and other exchanges have been rightly excluded from the price by Coinmarketcap, see https://coinmarketcap.com/currencies/bitcoin-gold/#markets - is pretty close to the flattish territory, despite the massive today's jump. The most worrying issue yet is that Bithumb now holds >60% of volume and price is more than 70 USD greater than the 359USD computed by Coinmarketcap, as I'm writing. So, yes, techically speaking BTG own price is pumped at Bithumb ( NOT by Bithumb), and insanely pumped at Coinone and Korbit (all three with BTG/KRW trading pair). This is NOT a positive thing, to use an euphemism, and these exchanges should NOT be used as valid references for BTG value and trend altogether. Bithumb holding >60% of BTG exchange volume is a gravestone to BTG worldwide diffusion. |
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Most profitable Equihash coin and it has no future? Keep practicing jokes man, one day you'll be funny.
Your posts discredit BTG Community (me included) which does NOT need people like you floating around. You are NOT competent and I already demonstrated that. BTG can actually become more than a mining coin, eventually without you around. And FYI equihash is NOT the most profitable GPU mining algo since some time (see nist5) |
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sun might be free but the taxes on that land isn't, business taxes are not. all of which will be going up in china on these farms.
BCwinning, I'll have to give a wide-range kind of answer to you. By now it is QUITE clear and QUITE annoying since a long time what these folks are trying to do. We should have to jump in political remarks then. I've already explained what it is happening since the BCH fork and eventually even South Korean authorities have had a "slightly delayed" understanding about it by now. They just needed to have some kind of backing from a certain western country before going further, just in case  That country which said it will be raise mining-related taxes has to be quite careful, though, as with N. Korea behaviour they've already their neck exposed to world scrutiny. Many foreign investments have been done in their country, and, with the very competitive Tax policy now active in USA many enterprises could say bye bye in a snap, as the next tax increase would be touching them. BUT I find western countries (but not only western ones) to be guilty on par. Chasing profits in a country with no real democracy, only because it offers lower taxes and lower cost of workmanship (and very few rights for workers of course) is proving to be self-wounding. These countries had choosen the shortest path, not the best. Lower costs of electricity for mining up to now it is just on the same trend. The fundamental mistake was to trust someone simply not long-term trustable? No. It was not to think about an emergency plan, mining wise. Deploying solar energy powered mining farms it is feasible, but takes time and undergoes taxes, as you said. But what if they were overbuilt and the power surplus being sold back to country's own energy purveyors? Accurate planning always brings about rewards, or in the worst chance cuts losses. On the other side, deploying wallets enabled for PoS mining (even a mixed PoW/PoS) with a clever and fair "mining" distribution can be done pretty much faster, and gaining time in order to deploy solar energy powered PoW mining farms. How are you going to tax my wallet for my PoS mining, BTW? Just a few posts ago I suggested that to BTG devs and commanders alike. getting back to the thread. Accepting PoS as I alredy said implies an inflationary coin, whichever it is. But even a deflationary coin as BTC it is by definition get inflationary when forked even on a 1BTC=0.001NewCoin base. So where it the point? Yet there is something else to put in the mix just to understand the current moment. ETH is raising to ludicrously high levels and RSI beyond 85%. In 2-4 days Parabolic SAR will probably intercept price levels and there will be a down-trend. If S. Korean authorities will effectively act even before that date even sooner. Now, is ETH so immune from culprits in its own ecosystem to deserve this sudden up-trend? Answer: no https://www.coindesk.com/ethereum-time-highs-overshadow-wave-technical-issues/A lot of issues in the end! Why is it raising that much? Because its prices can be altered with far less money than BTC in order to make same profits. Proof is that since 12/06/2017 ETH has more than tripled its value. ETH and NEO that have so much in common and I guess NEO will soon follow the same trend. Where is the place for BTG then? I wrote about the following many days ago, it was still December. I warned BTG crew about the necessity to get out of Bithumb dominance (Mate, please go back to my previous posts to find the very day I wrote that). Today this dominance is 49.21% . But Bithumb is #1 world exchange for ETH and so the best seat it is already taken, albeit BTG deserves a mention apart for defending honourably against outgunning enemy. |
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IT would be good to understand if "Bitcoin Gold" has anything to do with gold or if the word "gold" has just been attached to make it shine... nothing physically to do with gold itself. Yet by only being able to mine it with a GPU, it could be considered harder to come by hence the gold name. On another note, who thinks China eliminating (making it very expensive to operate) the asic farms will be a boon to btcg or not affect it all? I doubt any of those farms will find any place cheaper in the world to run their farms, even taking Iceland into consideration. Sun is still for free 😎 |
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For people wondering what is happening to Bitcoin for the second day, it just happened on November 9-12. NYA infamous people pumping and dumping then moving their BTC to other coins.
At Coinbase (former member of NYA) there are no BTC available for purchasing, go figure Grin Grin
Coinbase HAS BTC available. Furthermore... Things are a little different than on November. A lot of people are using BTC to buy altcoins, particularly ETH had benefits by going undeservedly high without any match in something real, having RSI(14) in eccess of 81% yesterday and >83% at my last editing time. All the first 16 cryptos by market cap are loosing bar ETH NEO (China's ETH if my memory serves well) and ICON. Conclusion: many are cashing out BTC mainly for flat/ETH. Why? 1)https://www.coindesk.com/bitcoin-faces-bearish-move-as-prices-drop-towards-15k/ "Caixin Global reported last week that local regulators in China may not longer offer discounted electricity and tax deductions to mining companies. Further, a leaked document now suggests that China's top internet finance regulator is requesting that local governments push bitcoin-mining operations towards an "orderly exit" from the industry. " 2)South Korean banks/exchanges are under scrutiny: https://www.coindesk.com/south-korean-banks-face-scrutiny-crypto-exchange-ties/ Coinmarketcap site removed IMHO more than appropriately and in a timely manner the three big S. Korean exchanges Bithumb, Coinone and Korbit from its average calculations https://www.coindesk.com/the-crypto-market-just-dropped-on-one-data-adjustment/ as prices on those exchanges have consistently traded far above the rest of the market, such as the more than $5,000 spread spread compared to markets like Bitfinex and GDAX. |
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Yes, B2X i.e. . Yet it still has to successfully mine.
Anyway, point is that NONE of BTC forks (maybe BCH differs) has clear consensus rules. None is above any suspect of being a "private" coin.
So let them come.
Right. BCH is a rare case so soon other 'fork coin' come under that ideal. You nailed the point: if they want SEGWIT, bigger block size (which is detrimental for miners, BTW) and Replay Protection at the ready, they are targeting the wrong blockchain. They should target BCH. B2X, must be said, will use X11, which is an ASIC mineable algo and now it's 2nd generation of these. So I'm not convinced about it. But, back to the route, to BTG that is. Actually it is a mining only coin. What could be easily done to make it a HODL coin? Simple, introduce a mixed POW/PoS environment modifying the total number of coins, which would make it an inflationary coin but the result -HODL- would be granted. Everyone, even those with limited resources, would be able to get some stakes and HODL them. How is it that BTG minds haven't thought about that yet? This opens the way to some thinking: the best mining seats were already taken by Nov the 12th. EDIT: POW/PoS would also bring about a dramatic increment of the number of full BTG nodes. |
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