I was reading the news just about now and I have come to read that Bitcoins just splits up creating a new cryptocurrency called Bitcoins gold. Even though there may a slight decrease on the original Bitcoins, it right away recovered after a plunge. I remember just a week ago when Russia wanted to create its own cryptocurrency using mining and of course their nuclear energy... Today, this currency goes global as its demand has increased just over a short period of time. I Still cannot assess if the split will do good or bad but for this time, I think the original Bitcoins is just doing fine.. What do you think of the new comer???
I would also be receiving my equivalent Bitcoin Gold because I have a little Bitcoin parked in Bittrex thought this time around unlike BitcoinCash, BTG will not be taken up by Bittrex in the exchange meaning we can not sell it in there but somewhere it is accepted for trading. Personally, I have no problem with it because this can mean some free money.
Is this really helping Bitcoin? No, it is not because the very reason why we have another coin due to the hard fork is because the fork has become contentious meaning that there are some corners in the club of decision makers who did not go along with the majority. Unlike Ethereum where fork is not producing another coin except the one that produced EthereumClassic. BTG is just another altcoin and its value can be determined by the market and time.
