Shall I buy BTC now to get the free BTG?

[ztph]

Hello everybody,

I know it's a dump question to most of you, but sorry for this, I'm just a small newbie here ..

I heared about the BTC new fork, BTG that's going to launch next week.

According to the current high BTC prices, is it a good idea to buy small BTC amounts (Less than 1 BTC, JUST $2000 value) to get the free BTG??

Or it is better to wait till the BTC price goes down after that fork is done?

Does BTG worth the high BTC prices for now? Or better to wait??

I've $2000 that I want to invest somewhere, and I believe BTC is very powrful, but not sure about the timing, shall I buy now or after the fork is accomplished?

Looking forward to your opinoion.

Thanks so much for your time..

 

[DaMut]

it's all depend on your situation,
to be honest it's not really that worth if you're only investing that much of money,
because who know what will happen when the price is starting do dump ?
if we're lucky enough we may be can see it around $4000 more or less,but if we're not lucky enough the price may be mooning directly.
for me if i only have a half Bitcoin or less than that,
it would be better to wait for dumping instead of buying it right now.
or buying an altcoin right now,because everything is drowning.

well,everyhing can be happen.just choose it what do you think it's good and you should make some back up plan for that.
make sure to not get trolled by people

[Almat]

You could. It's your decision at the end of the day. What you have to consider is that the current price is rather high, and could still drop. You also don't know how Bitcoin Gold will be received, so it's very possible you bought Bitcoin at a higher price than you should have for nothing.

[eann014]

You can just save your earning and you don't need to buy some of if, we don't already exactly what will happen on next fork so we also need to be careful on our decisions. Maybe try to save all your bitcoins now and just wait what will happen on next fork.

[Wowcoin]

You can just save your earning and you don't need to buy some of if, we don't already exactly what will happen on next fork so we also need to be careful on our decisions. Maybe try to save all your bitcoins now and just wait what will happen on next fork.

That really a good advice we don't need to buy bitcoin much better to save because we don't what happen after this coming fork. So we need to be wait what happen after that fork. But its up to him if he want to buy bitcoin.

[leex1528]

How much can you afford to lose is the first question you should ask yourself.  If its 2,000 dollars than that is what you should invest if you truly believe in the coin working.  I strongly believe in Bitcoin and although I don't have 2,000 dollars to invest I put pretty much whatever I can in small chunks of time into the coin.

[coinsontheroad]

I think buying is the route to go because of the free money. Why have 2K outside of bitcoin during the fork when you can have it in BTC and get a double down of BTC Gold? Buy, then get free BTC Gold and sell it for more BTC.

[Portia12]

Its your choice man if you want to buy and receive btg go invest more money to bitcoin but i think it would be risky because it will be a chance to go down bitcoin price and also have profit side if bitcoin go up very high.

[ztph]

Thank you all for your replies,


I'm pretty aware of the risk, but I deeply believe in Bitcoin and I know it can be the future for the whole monetary system. Although the price can drop for some time, it will grow up later on.

My point here is: does it worth to buy BTC in such high price to get the same value of BTG?

Or it is better to wait after that fork, when the price goes down, then buy a higher volume?

In other words, will BTG be more valuable than the BTC price dump later?

Example

I can now buy 1 BTC for $6000 & then get 1 FREE BTG,

Though, if I wait for some time I can buy around 1.5 BTC for the same $6000 withouht getting any free BTG.

So, the question here in other words, do you believe in BTG to be valuabe so that I pay that high price for BTC for now? Does it deserve it?


I know it's all guessing, but educated & guided guessing is very helpful to some extent.


Thanks so much for your time.

[SaikiranChotu]

I would suggest you to buy altcoins rather than btc just for the sake of BTG.Altcoins are drowned now.It is better time to buy them.

[BelieveInBitcoin]

It's absolutely a gamble, but I think the odds are on buying BTC now and getting the free BTG. Even if BTC then goes down it will eventually recover and go up again so I don't think you'll lose.

[trplzr]

This is a common question, the big problem is the recent high, it will hardly be profitable, but if you believe in the BTC, it is always time to buy and hold.

[bit-freedom]

The problem is we do not know what will be Bitcoin Gold price be. I remember Bitcoin Cash was around $300. If you buy $2000 worth of BTC which is around 0.33 BTC, you should receive around 0.33 Bitcoin Gold. If each Bitcoin Gold is $300, your Bitcoin Gold will be worth $100. It is your decision whether it is worth buying BTC now for the free Bitcoin Gold.

If it is me, I will not buy BTC for the sake of receiving Bitcoin Gold.

[Labay]

dont be easily get with some thing free because sometimes this cause fraud and failure. i think its better if you invest your fiat with ethereum because this is such a good coin and i have experience it. but its all up to you.

[cioloxl]

I think BTG will be a shittier shitcoin than BCH. I have a decent amount of btc, most of which I'm putting in decent alts that have been affected most by the raise in btc. It's easy money, arguably more and easier than waiting for the fork. And anyways, I don't wanna support a stupid shitcoin like btg. Possible scam as well.

[bob123]

You are probably not the only one with this idea. A lot of people had this thought.
Noone can predict what will happen with BTC / BTG. It can be either a good idea to buy BTC now to recieve BTG.
But on the other hand this could also lead to a loss of capital. It may be the case BTC drops together with BTG and you will either cut your losses
or keep holding until it will recover again to take your investment out.

[santiPOGI]

if you have extra money there, then you should buy as bitcoin is rising and rising and will reach the 7k mark before the fork ?  they say! and btg is a good investment to have ! for free!! this will boom like BCC ...

[Zarbout]

Bitcoin price is increasing every hour these days because of bitcoin gold split. I'm afraid that after the split the price goes down dramatically.

[GreenBits]

For short-term investment, i wouldn't recommend it because BTG price will be only 10% less of current bitcoin price and there's chance bitcoin price will reduced due to recent massive price raise and potential FUD about "BTG will replace BTC", "BTG price will rise" & many more.
But if you're looking for short-term investment, i would recommend it because bitcoin have lots of potential, many people haven't use/adopt it and extra BTG isn't bad offer.

Some of the same. If you already have bitcoin, enjoy your bonus. this will undoubtedly go the way of bitcoin cash. but if you are thinking about buying bitcoin just to take the snapshot, please be wary. The snapshot is seemingly already priced in. Dont be surprised if we experience a major retraction after the fork/snapshot, as the current price of btc is most likely a result of this. WE ARE IN AN ALL TIME HIGH. Dont forget this. Empirically, when we get here, some government will introduce some guidance about btc and then we retract.


Trust in the past. It really does have a habit of repeating itself.

[Has Mistook an Oath]

My view is to go for it and here's why.

Many people in this thread give you the warning that it's likely to drop after the fork. I agree with that. However if you think ahead, in the long term, BTC is highly likely to recover and regain that initial loss back for you, by which time you have an equal amount of BTC and BTG.

It's for this reason I'm holding mine over the fork.