[BTG] my Bitcoin Gold speculation

[BitcoinHodler]

by now you have probably heard about the new controversial fork of bitcoin called Bitcoin Gold or Bitcoin GPU.

i have speculated about this coin's price a couple of times in different places, i thought to make a new topic and share my thoughts here.
this is mostly a long term speculation.


coins that are mineable usually become the favorite of the community pretty fast. when mining them becomes profitable, they become even bigger favorites, and when they get pumped people can't shut up about them!

i believe one of the main reasons for popularity of ETH was mining of it. there is a huge community of miners with a lot of money invested in mining rigs (GPUs) who have been supporting and advertising ETH so far.
with the hard fork (first step on October 16 reduction of block rewards from 5 to 3), this is going to stop.

all this hashrate needs to go somewhere. where else better than something with bitcoin name in it.

with that said my speculation is that if miners really migrate to BTG chain and start mining it, advertising, hyping and pumping it, this coin can gain some fast popularity out of nowhere and even replace ETH in the bags of investors. essentially gaining the same price even!

there are two big issues though. and that is the premined coins that goes to the developer. but by comparison ETH also had the same kind of premine (even bigger).
the other is the airdrop. BTG is practically giving away 16,617,000+ coins although this will create a short term dump and as i said i am aiming more for the long term speculation


so where do you see BTG price in long term?
can it reach $300-$500 in a couple of months after release?

[intrader]

Maybe bitcoin gold price will below $100 , can't expect second miracle as BCC

[MatrixMining]

I don't think Bitcoin Gold has a lot of potential. It will be like any other altcoin, with the only difference that it will be distributed freely to Bitcoin holders. Just another airdrop altcoin, without any significant advantage over the others.

[anggriani]

after bitcoin gold release later i predict its price could be $500 or even more, but after few months i think bitcoin gold will be big dump and in future i am sure bitcoin gold price is only $300 or even cheaper.
whether there will be another fork after this? bitcoin silver, bitcoin bronze or bitcoin credit

[bekareval]

I'm a newbie, so trying to understand the whole concept on the whole (and forking).

Bitcoin Gold is said to be ASIC resistant and uses Scrypt allowing general public to mine using their existing GPU mining setup. If more people start to mine and the demand increases because its easy over ASIC, wont the price increase ?

Edit: can anyone tell what would be the initial price ? 1-to-1 of BTC ?

[BitcoinPicasso]

I'm a newbie, so trying to understand the whole concept on the whole (and forking).

Bitcoin Gold is said to be ASIC resistant and uses Scrypt allowing general public to mine using their existing GPU mining setup. If more people start to mine and the demand increases because its easy over ASIC, wont the price increase ?

Edit: can anyone tell what would be the initial price ? 1-to-1 of BTC ?

I didn't know that. So we already have Scrypt asics I've had mine for 3 years.. I guess maybe if this is profitable I will mine this instead of LTC.

I predict a price of $20.00 each. 

[cryptodoll]

IMO I think BGold will have a flash dump from all the BTC forkers getting essentially free money. However, once the miners get on board, BGold can maintain a solid price and gain in popularity.

There is a lot of FUD going on about BGold, so right out of the gate will be the dump. I would short it at first, then buy in after the dump.

Personally, I will prepare for the fork and get my little chunk of BGold, flash sell with all the other dumpers, and then buy back in at cheap price.

This coin is traders vs miners, the traders will win short, but the miners will win long.

[kumiskura]

do you guys even understand what is it ?
no matter what is it,we can not forget that it's created based on Bitcoin.
which mean the price should be high.
other than that,i heard BTG aka Bitcoin Gold team declared it will support Bitcoin and grow with it.
unlike BCH and ETH,it's specialized to help and improve Bitcoin itself.
which mean BTG price will increase along with Bitcoin.
so i believe it will be high but not really high,
comparable to ETH and other top crypto.
but below BCH

[Aureliusy]

It is a free market, but I wish there was some kind of punishment when it comes to introducing shady coins. The abuse of the "Bitcoin" name should be forbidden.
https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/
I hope its value drops below zero

[bekareval]

do you guys even understand what is it ?
no matter what is it,we can not forget that it's created based on Bitcoin.
which mean the price should be high.
other than that,i heard BTG aka Bitcoin Gold team declared it will support Bitcoin and grow with it.
unlike BCH and ETH,it's specialized to help and improve Bitcoin itself.
which mean BTG price will increase along with Bitcoin.
so i believe it will be high but not really high,
comparable to ETH and other top crypto.
but below BCH

Absolutely, I don't have the reference link, but I believe somewhere it was mentioned that BitCoin Gold would be used for testing all upcoming BitCoin related changes. More like a testing platform for BTC itself. Will try to find the details from my history

[shtako]

I don't think btc gold with get much attention. In my opinion it is a completly unnecessary project only designed to make certain people money. It is really just a scam.

The price will probably follow the same line as bcash. Way overvalued the first hours when the available supply on the exchanges are limited, followed by dumps. But without any signifcant pumps like we saw with bcash. And the price will slide from probably $2-300 to around $50 on 01.01.2018.

[bekareval]

Bitcoin Gold is said to be ASIC resistant and uses Scrypt

Its suppose to use Equihash - Ref: https://bravenewcoin.com/news/bitcoin-gold-a-friendly-dividend-fork-or-bitcoins-disaster-recovery-plan/

[Nathan047]

I really don’t expect much to become of Bitcoin-Gold. I have a feeling that we are going to be seeing a whole bunch of forks just because people want to create billion dollar market caps overnight, but if developers keep creating forks at this rate it will lose it’s ability make a valuable coin rapidly.

[itf991]

Bitcoin Gold will be a pump and dump coin I'm pretty sure about that.  At peak may reach $500 then drops under  $100. These folked coins are fading away slowly. All these folks are the game of whales.

[crofly]

Don't think much of it, regarding the mining there are enouth other good minable coins with a bright future...

[keyzersoze]

Response to the recent missinformation, from their Twitter page.

http://btcgpu.org/btgdev-response.pdf

[elprutest]

It remains to wait to know what will happen to the bitcoin.

[HatakeKakashi]

We dont know what the price of bitcoin gold after segwit or fork . But for me i think the possible price is only 100 dollars or maybe ut lower and we dont see the price when it relase in the market. Bitcoincash is 200 dollars when relase in the market. But for sure those people have a lot of bitcoin they can get a lot of bitcoin gold for sure. And they earn some profit if bitcoin gold release.

[Inkdatar]

I think same scenario as to what happen in bitcoin cash. Actually its really hard to speculate the price of bitcoin gold what would be its actual value. But well for me, maybe it will not reach fast more than $300 it will reach possible more than $400-500 after a few months it will release.

[Leonbtc]

this will be worse than bch I guess. they dont have roger ver.