Be worried about Bitcoin Gold

[Choi Jihun]

Should we be worried about Bitcoin Gold?
It seems BTG (Bitcoin Gold) is a sleeping giant. Its quietly (like a dark horse) arrived at #5 on Coinmarketcap. This has never happened so quickly with any other coin in the history of crytocurrency! Should we be worried? What does everyone think? I know this is the BCH sub, and I am invested in BCH, however, I want to protect my investment etc...

[Rileygss]

If you guys did not notice, most of the premined coins are going down in market capital, and those with strong pow are reaching the top. Very unlikely that BTC will be dethroned, so the real fight will be between the alts right below it.

[Jimmy palumbo]

This is just a fork of bitcoin.
I don't think BTG has any value. I don't like it.

[Daniel Brian]

If you held BTC at proclaimed block, you received equal BTG. Then BTG lands on exchanges and is immediately traded. Demand and speculation runs wild and adjusts in short term. Drill into the tech - GPU should be more cost efficient than ASIC. However, adoption and logistically switching over will take time. FYI, if you go onto https://bitinfocharts.com/ you will see BTG is 6x time more profitable to mine than BCH and BTC. But hash volume is not nearly as high. Hope that helps.

[sergienkoe]

This coin seems very interesting to me. They are constantly improving their technology. Also, BTG is represented on very many exchanges. I think that BTG has a bright future.
If you consider it as an investment, I'm not sure that it will grow best in the market.
In this case, a serious analysis is needed.

[Chris Hauer]

It seems BTG (Bitcoin Gold) is a sleeping giant. Its quietly (like a dark horse) arrived at #5 on Coinmarketcap. This has never happened so quickly with any other coin in the history of crytocurrency! Should we be worried? What does everyone think? I know this is the BCH sub and I am invested in BCH however I want to protect my investment etc...

[Daniel Brian 1508]

If you held BTC at proclaimed block, you received equal BTG. Then BTG lands on exchanges and is immediately traded. Demand and speculation runs wild and adjusts in short term. Drill into the tech - GPU should be more cost efficient than ASIC. However, adoption and logistically switching over will take time. FYI, if you go onto https://bitinfocharts.com/ you will see BTG is 6x time more profitable to mine than BCH and BTC. But hash volume is not nearly as high. Hope that helps. 

[Briannass]

Bitcoin gold valuation has always been there on the futures market when it forked. It simply was on testnet and wasn't executed for the public (Nov 14th). Once the block explorer could identify the height, the number of blocks and exact number of coins can now be identified properly.
Market cap is the total supply x market price.
Market price has always existed since the Oct 25th fork. The total supply was unknown until Nov 14th. Coinmarketcap finally had it fixed.
It's not a threat. It's friendly competition.

[Coltpython]

What is the value of Bitcoin Gold? What can it be used for aside trading? Any word on the team? Its partnerships? Or is BTG just a worthless fork of Bitcoin core? All this questions will determine if this coin has a future or not.