https://support.bittrex.com/hc/en-us/articles/115002320451-Statement-on-Bitcoin-Gold-BTG-http://www.newsbtc.com/2017/10/23/51063/https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/Seems to me too good to be true.
So you are encouraged to buy
BTC and keep them at BTG friendly exchanges.
You get one free BTG for each Bitcoin held at these exchanges.
Already, the other Altcoins are suffering as the
BTC price surges.
I suspect the minute BTG goes live the BTG crowd will dump
BTC that they have accumulated in the past from their mining activities.
This will drive the cost of
BTC down as the effectively take the money from BTG supporters.
Unfortunately, this also includes investors who have no interest in BTG.
Since they presumably also control these exchanges they can simply prohibit you from selling (even if it is through seemingly-innocuous down/unavailable servers) during this period.
Two possible outcomes:
1. BTG network mass dumping of
BTC drives
BTC cost below BTG and investors switch permanently to the now more lucrative BTG.
Might not be likely unless there is widespread support for BTG.
2.
BTC supporters counter dump BTG and ensure that
BTC remains more lucrative.
Either way somebody stands to make a lot of money off their
BTC dump even if BTG fails.
I think a similar argument applies to the SegWit2x hard-fork.
What does the community think? Any advice on both hard-forks and
BTC investment during this time?
