Bitcoin GOLD - A well thought Scam?

[arbitrage]

its shameless

Shameless ?? People do not care about shame and morality when it comes to free money. The price of BTG is in the free fall now, so I strongly recommend you to sell all of them before it will hit $10 or something.

This is best way for making money just fork an successful coin in this case no less than BTC, and we all know all alts are exactly that - forks, and use your premine for developing and promoting something we already saw many times.. I'm not sure, but in this we have some moral obligations in this case to say few words about this project..Maybe not me, more respectful members here and in Crypto World.

[EugeneAS]

the report is very useful, thank you.

you also can't actually say it's free money, because hype around forks influences the prices of other currencies.

[tf2addict]

Probably good money for big holders in the short term, however in the longer run the hype on bitcoin gold will gradually fade. I sold mine and suggest to hold this not too long, also because there's another thing happening in november. Look at the chart of bitcoin cash and see what happened to holders. Good coin or not, trust is gonna stay with bitcoin and nothing else.

How did you sell your Bitcoin Gold considering it hasn't even launched yet?

[stompix]

the report is very useful, thank you.

you also can't actually say it's free money, because hype around forks influences the prices of other currencies.

It's not really free money.
Not everybody is getting BTCgold and not everybody will be able to cash out, or I least I do hope it will reach 0 by the end of the week.
Already dropping like a stone.

Probably good money for big holders in the short term, however in the longer run the hype on bitcoin gold will gradually fade. I sold mine and suggest to hold this not too long, also because there's another thing happening in november. Look at the chart of bitcoin cash and see what happened to holders. Good coin or not, trust is gonna stay with bitcoin and nothing else.

How did you sell your Bitcoin Gold considering it hasn't even launched yet?

Well, as the world of cryptos is starting more and more to look like the "evilz banks" you can sell and buy something that doesn't exist.
And in the case of goldfail the chances are quite high that nobody will be able to use those coins.

[KriptoCoder]

I’m little disappointed because I was hoping that with this fork mining would be again possible for small RIGs but in any case there is definitely room for doubt. It seems like it is a Scam. There are a lot of unknowns and according to what I've read here I would certainly not invest money into BTC Gold.

[worldofcoins]

I was thinking, what if they are trying to look like they are going scam, just so they can buy up more cheap coins?  If they do come back im afraid everyone is going to be surprised.  I mean are they that dumb to think the bitcoin community a fool to pool of  a scheme like this, or this is reverse physiology.  Dump your 0 cost coins at me, ill buy them for pennies and hodl.  I might even use it.    The bad part if they are holding tons of coins so then can dump it later, unless they burnt them.

[Pab]

I ve beed reading btg is under ddos attack,but that coin is premined,looks like easy money for devs,even code has not yet been released.Activation is 1 nov.It is traded on Binance between 0.03-0.04.It is alt,normally big exchanges will not list that kind of coin

[vaso11]

I'm sure Bitcoin Gold is just a new way to make money on new and naive people. no more

[illinest]

I’m little disappointed because I was hoping that with this fork mining would be again possible for small RIGs but in any case there is definitely room for doubt. It seems like it is a Scam. There are a lot of unknowns and according to what I've read here I would certainly not invest money into BTC Gold.

As far as mining goes, it's unknown. There is no public code, no mining code, no replay protection. Too early to call it a "scam" per se (outright theft via malware or fraud, for instance) but it is definitely a "cash grab" by the developers. Given that they can't seem to code replay protection, it's difficult to even call them "devs"..... they can't even seem to launch the coin.

I certainly wouldn't invest, but at least I should get the airdrop into the private keys where I held BTC. Too bad I couldn't trade the initial hype when it was added on Bitfinex, etc. But those exchanges are going to be in big trouble if the coin never launches.

[lanyounanhai]

200000 bitcoin gold pre-mined. Well, it can be considered as a scam. Bitcoin gold price is now more than $100 and that means the developers are holding more than $20000000 worth of bitcoin gold. So, to me, it is a big scam and developers are big scammers. THey know how to abuse the bitcoin system and make money from it

[shade_wrath]

I was thinking, what if they are trying to look like they are going scam, just so they can buy up more cheap coins?  If they do come back im afraid everyone is going to be surprised.  I mean are they that dumb to think the bitcoin community a fool to pool of  a scheme like this, or this is reverse physiology.  Dump your 0 cost coins at me, ill buy them for pennies and hodl.  I might even use it.    The bad part if they are holding tons of coins so then can dump it later, unless they burnt them.

No they are not dumb thats why they made fool of community and got their money and they will continue to do so in future as well by dumping all the BTG on new crypto enthusiast! Actually they didn't make fool out of community but many members are fools already who supported this shit for free money! 

[Doamader]

I do understand all wanna free money but why the team had premined the coin, bitcoin cash were exchanged on 1-1 ratio with bitcoin this one is just a scam coin wich is taking advantage of bitcoin to make live a coin that would get zero value, wonder how many more forks people will consider to release and who will be able to support this coins.

[crazylikeafox]

I do understand all wanna free money but why the team had premined the coin, bitcoin cash were exchanged on 1-1 ratio with bitcoin this one is just a scam coin wich is taking advantage of bitcoin to make live a coin that would get zero value, wonder how many more forks people will consider to release and who will be able to support this coins.

Did you even bother reading the OP? they planned it to be an ICO coin thats the reason for the pre-mine its a scam. they would dump it in the future.

[arbitrage]

I do understand all wanna free money but why the team had premined the coin, bitcoin cash were exchanged on 1-1 ratio with bitcoin this one is just a scam coin wich is taking advantage of bitcoin to make live a coin that would get zero value, wonder how many more forks people will consider to release and who will be able to support this coins.

When this go live everybody will rush to dump it. Just another useless coin. Without premine this could probably be different story.

Did you even bother reading the OP? they planned it to be an ICO coin thats the reason for the pre-mine its a scam. they would dump it in the future.

They planned this to be an ICO, and in mean while they have realised that execution of this kind of scam is on radar so better legalize it through Bitcoin.

[vfrcbv911]

Wow, you did a good job, thank you. Now I will drop my BTG because it is a scam.

[saymynem]

I do hope it will reach 0 by the end of the week.

That'd be nice.  I believe in crypto, but we need sh*tcoins do die so legitcoins can rise.  The faster the better!

[Zolanal]

compelling reasons, now I will be more careful with all these GOLD news

[casparthefriendly]

I’m little disappointed because I was hoping that with this fork mining would be again possible for small RIGs but in any case there is definitely room for doubt. It seems like it is a Scam. There are a lot of unknowns and according to what I've read here I would certainly not invest money into BTC Gold.

You can always mine vertcoin, its Equihash

[Texacha]

You can always mine vertcoin, its Equihash

No, it's not.
It is Lyra2RE

[bomba141]

Thanks for Sharing This Thread It's Help To Get Away From The Scam People