How would you explain the drop of BTC Gold?

[Vinget-crypto]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

[beatleap]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It was overhyped and now it's going to die. People got their free coins overhyped it to cash out and get free money basically.

[Spaffin]

The drop in the bitcoin gold rate has its objective reasons. Many users of crypto currencies deliberately transferred funds from altcoins to bitcoins, or simply invested in bitcoin to get a free coin bitcoin gold after the plug. Now this new coin is sold massively, thereby provoking a fall in its rate.
    In addition, information is spread about the numerous defects of this coin, which the development team is going to fix in the near future. However, the presence of such flaws also contributes to the fact that people get rid of bitcoin gold.

[Fatso123111]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It was overhyped and now it's going to die. People got their free coins overhyped it to cash out and get free money basically.

This guy gets it. And not to mention the market for these forks is about to be oversaturated which is getting priced in.

[alyssa85]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It's a rubbish pre-mined coin with no purpose and people are dumping their airdropped coins.

[probittrader]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It's a rubbish pre-mined coin with no purpose and people are dumping their airdropped coins.

What the F*****k but how all of you are saying its going down and yes i can see that too.
but where and how they are selling their btg?
i know its in youbit.but how to import my private key to yobit and claim the coins anyone know this?

[stomachgrowls]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

What you do really expect from bitcoin gold?I dont really see any special thing on it which it would really be destined to be dump and most people will surely do such thing rather than on holding it knowing that bitcoin gold is free money after all for those people who do stored up bitcoin before the fork and now they do really dump it for easy money.Its just a normal thing to do.

[keiser9000]

If they dump the aridropped coins, is it buy the fucking dip ?

I'd stall and would not do it before they have all developed completely and too much negation is to be overcome yet...

[okae]

It's a rubbish pre-mined coin with no purpose and people are dumping their airdropped coins.

Exactly, what's surprised me is that it didn't happen before, i bet that exactly the same will happen on bitcoin cash, yes?

It was overhyped and now it's going to die. People got their free coins overhyped it to cash out and get free money basically.

Well not everybody, there will be always people who invest on things like that...

[pavlem]

It will drop much more.
It was good to pump price of btc but nothing more.

[SvenBomvolen]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

Oh I have just noticed that Bitcoin Gold finely appeared!
Well, as many of us were saying Bitcoin Gold didn't follow the way of Bitcoin Cash and it's price is not so high for now. In any case it was nice to get something for free   Maybe with time the interest to this altcoin will grow and it will cost much higher.

[Erelas]

I bet that BCH would die, and somehow it's managed to hang on.  I took that and bet that Bitcoin gold would hang around for longer than I initially thought, and the bottom fell out of it.  Just goes to show how volatile the crypto market is.

[Nitroshock]

I think you might be worrying too much about cashing in on garbage while forgetting there's virtually nothing from the dev team regarding replay protection, not to mention all the other concerns surrounding BTG including a PRE-MINE.

The dev team is currently pre-mining the ever-loving-crap out of BTG (they say 1%) and quite likely dumping it and cashing in as they do so.

I do like the idea of using Equihash but BTG seems to be a poorly veiled attempt to get rich quick and the market price dump seems to agree.

Get ready for a flood of BTC forks and dumps.

[MAHNOOR]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It's a rubbish pre-mined coin with no purpose and people are dumping their airdropped coins.

What the F*****k but how all of you are saying its going down and yes i can see that too.
but where and how they are selling their btg?
i know its in youbit.but how to import my private key to yobit and claim the coins anyone know this?

yeah i also shocked after seeing that on my own eyes but we cant do anything, the reason why it goes down is that a lot of people dont invest in bitcoin gold only because they do not trust in bitcoin and also bitcoin was new when it came to market so i think thats why it goes down deeply.

[Redanim]

Bitcoin Gold drop exchange rate is caused by the fact that investors who received new coins began selling them to invest in more interesting cryptocurrencies assets. Before the official hardcore, bitcoin gold creators mined thousands of coins, and this factor significantly reduces the attractiveness of this cryptocurrency.

[KuromaYoichi]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It's doomed to be a failure when the replay protection is not ready 4 days before the fork and it's just an overhyped altcoin with close to no purpose. People will sell their free btg because hey it's free. You should've learn from the last bitcoincash situation, people believe in bitcoin, not bitcoin A B or C.

[Theizestooke]

I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

BTG like BCH only Burn money and try to make BTC weak