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Author Topic: Bitcoin gold: any potential?  (Read 635 times)
OliverChassa (OP)
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October 25, 2017, 08:57:46 AM
 #1

I’ve been following the announcements surrounding the Bitcoin Gold launch, and it seemed full of expectations (PoW, mining hardware etc...) or it was just good marketing. Anyway, when looking at the prices this morning, it didn’t look that bright: https://coinmarketcap.com/currencies/bitcoin-gold/
Besides, looks like security and protection were not the best.

Then, I wonder if SegWit2X will be implemented and if other forks make sense. Looks almost like making money just with air...

What do you think?
kumiskura
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October 25, 2017, 09:25:09 AM
 #2

no idea it has a potential or not,
but i heard this coin will be another Bitcoin support instead of becoming a competitor.
i do not know it's real or it's only a marketing because if we looked back to BCH/BCC,seems like the value of that coin decreasing a lot,
due to claim to be Bitcoin competitor,and right now we heard something like this.
i always treat it as a free coin and free money,nothing more than that.
but who knows?
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October 25, 2017, 09:25:44 AM
 #3

Probably going to die out once everyone gets over the hype of free coins. I give it 2 weeks max and then we'll start seeing it dwindle out.
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October 25, 2017, 09:53:28 AM
 #4

I’ve been following the announcements surrounding the Bitcoin Gold launch, and it seemed full of expectations (PoW, mining hardware etc...) or it was just good marketing. Anyway, when looking at the prices this morning, it didn’t look that bright: https://coinmarketcap.com/currencies/bitcoin-gold/
Besides, looks like security and protection were not the best.

Then, I wonder if SegWit2X will be implemented and if other forks make sense. Looks almost like making money just with air...

What do you think?

In my opinion this fork makes no sense at all.

Apart from the few people that are interested in actually holding this coin, nobody else is generating demand at the moment. As you can see on the charts, it is down around 60% from the time that it actually got listed.

Not a good sign, unless they come out and actually do something creative, the price is going to keep plummeting.
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October 25, 2017, 10:06:03 AM
 #5

The owners of BTG enthusiastically exchanged it to BTC because its value is almost 20% of bitcoin.For now is the best moment for btg but we do not know in the future logically no more than free coin
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October 25, 2017, 10:08:35 AM
 #6

I didn't buy into this fork at all, and I still don't. I haven't got any BTG yet, and I don't care if I do. By the time it's accessible to me and on an exchange I use/like it'll not be worth transferring.

renes
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October 25, 2017, 10:19:14 AM
 #7

No potential, just another trap altcoin not more. There is no need for them, it is just about speculation, some will make money and some you or me will lose so I don't play this game.
CodyAlfaridzi
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October 25, 2017, 10:23:33 AM
 #8

I’ve been following the announcements surrounding the Bitcoin Gold launch, and it seemed full of expectations (PoW, mining hardware etc...) or it was just good marketing. Anyway, when looking at the prices this morning, it didn’t look that bright: https://coinmarketcap.com/currencies/bitcoin-gold/
Besides, looks like security and protection were not the best.

Then, I wonder if SegWit2X will be implemented and if other forks make sense. Looks almost like making money just with air...

What do you think?

It was just hype, or as you say "good marketing". Right now BTG is still overpriced in my opinion. It was hovering around 0.07-0.1 for a few days and I think that price was just crazy expensive. I sold my BTG futures yesterday as soon as I get it because of that reason. 0.01 BTC per BTG is still expensive. At 0.01 BTG is above altcoins like Tether, Stellar, and Waves that was actually had an innovation and a real use case. A clone of Bitcoin with another mining algorithm is just another trash.
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October 25, 2017, 10:23:49 AM
 #9

Full of expectation ? LOL ... Make me laugh xD

Just 30s of google research...


Bitcoin Gold does not currently have:
    -Fully formed consensus code
    -Implemented replay protection
    -Adequate code for testing and auditing
    -Publicly known code developers

Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.

Bitcoin is already not really a technoligically advanced coin, so I don't know what to say about a fork of this coin, that nobody wanted, and is pure speculation out of nowhere, without project and ready to die...
Please... Full of expectation Huh

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October 25, 2017, 10:25:41 AM
 #10

No potential, just another trap altcoin not more. There is no need for them, it is just about speculation, some will make money and some you or me will lose so I don't play this game.
I can only see bitcoin gold easier to mined using gpu just like ethereum ,
Other than that i can't see any beneficial factor why we should go for bitcoin gold?
It's okay to see them as an alternate coin , but what makes them really hood and better than any other altcoin?
Have a really few supporter make bitcoin gold going nowhere.
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October 25, 2017, 10:26:06 AM
 #11

No hope for this new altcoin..just another crap altcoin. It was just hype. Probably going to die in 1 months.  Roll Eyes

SAD
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October 25, 2017, 10:40:40 AM
 #12

i dont  see any potential on bitcoin gold!
on the other hand, if BTG or BCC have any negative impact would increase  value of bitcoin!
if BTG or BCC play well, influence of bitcoin would  diminished

do just like you already have
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October 25, 2017, 11:15:42 AM
 #13

Bitcoin gold is just not like bitcoin or bitcoin cash and it is GPU mineable so there is no way it can maintain high price as when mining will start mining cost per coin will be really low compared to bitcoin. Also bitcoin gold is actually premined coin and devs are busy right now mining some BTG for their team.

I don't think it have any potential at all.

 
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October 25, 2017, 11:37:28 AM
 #14

If you are big time supporter of BTG then it has a potential otherwise IMO I don't see any potential in it other than getting some extra money after the fork.

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hans133
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October 25, 2017, 11:55:37 AM
 #15

was the free BTG distributed already?
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October 25, 2017, 12:00:06 PM
 #16

Gold is a very incomprehensible coin. I think the nearest event that will affect its price is the level of support by the ministers on November 1
Jamie Oliver
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October 25, 2017, 12:32:23 PM
 #17

Feeling nothing advantage, this virtual currency, without any bright spot.

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ImHash
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October 25, 2017, 12:34:57 PM
 #18

Yes the potential is that, Every one now could become Satoshi with no hard work or ( hard fork) pun intended Cheesy our founder gave his life to make something like bitcoin to happen. They want to decentralize bitcoin mining again, like Trump is making America great again Cheesy
Those poor unsuspected noobs who bought bitcoin gold at $500 Only they're the ones feeling the true potentials now that the price has dropped to $150 More power.
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October 25, 2017, 12:37:42 PM
 #19

I don't see potential in that altcoin as i didn't see potential in bcc.
Most people are dumping btg and i wonder how many people are actually holding them.
There is only one coin imo and that is bitcoin.
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October 25, 2017, 12:37:52 PM
 #20

The only reason why it is worth so much is because people got free coins and the hype surrounding that is making it boom it will disappear in a few weeks.
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