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First77
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Activity: 266
Merit: 32
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May 21, 2018, 10:10:39 PM |
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In 2012, there were lots of internet talks "Buy 1 ounce Silver. End the Federal Reserve (USA)" then the silver price fell to $9/ounce.
Bitcoin has the same story with all the anti-government and anonymous talks.
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boy130
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May 21, 2018, 10:40:19 PM |
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The fact that Bitcoin Gold was all hype and no substance, being one of the only bitcoin forks with substantial influence behind it, and a decent marketing budget to pump it up to astronomical levels. It's collapse was due to Bitcoin Cash coming along and being superior in pretty much every way, including being pumped better with an even bigger team. |
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zolfa
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Activity: 518
Merit: 11
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May 21, 2018, 11:24:50 PM |
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I do not like BTG, fractions of bitcoin that have good development only BCH.
I am not sure with BTG, like does not live, because BTG's competitiveness in the market is very small.
but some people choose BTG to be an investment place because they see the BTG chart as it will give them a good hope in the future.
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KingScorpio (OP)
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May 21, 2018, 11:54:39 PM |
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The fact that Bitcoin Gold was all hype and no substance, being one of the only bitcoin forks with substantial influence behind it, and a decent marketing budget to pump it up to astronomical levels. It's collapse was due to Bitcoin Cash coming along and being superior in pretty much every way, including being pumped better with an even bigger team. ah come on this constant pump and dump garbage is only destroying the industries image, why doing this? these are systematic ponzi schemes or rat callings. |
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pocket_lck
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Merit: 0
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May 22, 2018, 12:32:15 AM |
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It is true that Bitcoin gold is currently experiencing a lot of decline and I think this is due to the influence of the declining bitcoin prices also that has greatly affected the decline of many crypto coins.
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jayco25
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May 22, 2018, 01:28:08 AM |
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The fact that Bitcoin Gold is just a fork of bitcoin with out any whitepaper and use case the real world. Possible price will increase if they have some updates to get the interest of the investors. If no update will happen or good news it will continue to drop. #Support Vanig |
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squatz1
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Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
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May 22, 2018, 01:40:03 AM |
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In 2012, there were lots of internet talks "Buy 1 ounce Silver. End the Federal Reserve (USA)" then the silver price fell to $9/ounce.
Bitcoin has the same story with all the anti-government and anonymous talks.
Just so you know bud, Bitcoin and Bitcoin gold aren't the same thing at all. They're two different coins. But yes, Bitcoin Gold has nothing behind it (even less than Bitcoin Cash) it has no use factor, no dev team that actually does anything, no people that are saying they are the answer to the bitcoin consensus problem. Bitcoin Gold is just leeching off of bitcoin with the name. It's a way to confuse people, it's sad. |
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budismile
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Activity: 293
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May 22, 2018, 01:44:23 AM |
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The ups and downs of a coin are common and these habits often occur, for example if bitcoin rises then auto bitcoin gold with bitcoin cash goes down and vice versa when bitcoin decreases then bitcoin gold and bitcoin cash will rise. As for the rise or fall it will not be the same could be slow or it could be fast, it all depends on the market trend. so essentially do not panic when gold bitcoin coins are down, because your panic becomes your loss. |
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sakahayang
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May 22, 2018, 09:42:30 AM |
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The fact that Bitcoin Gold was all hype and no substance, being one of the only bitcoin forks with substantial influence behind it, and a decent marketing budget to pump it up to astronomical levels. It's collapse was due to Bitcoin Cash coming along and being superior in pretty much every way, including being pumped better with an even bigger team. I agree with your writing above. probably one of the causes of bitcoin gold is less desirable because bitcoin gold still uses Equihash algorithms where miners still use GPU devices, in contrast to bitcoin cash using the proof of work algorithm (PoW) where miners are already using Asic (SHA256) devices similar to BTC ( considering at the moment everyone is now using Asic devices faster than GPU). then if we return to Crypto world law, that is "when the coin is a lot of mine then the coin is much in demand and the price will be high". |
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talkbitcoin
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Activity: 1372
Merit: 1032
All I know is that I know nothing.
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May 22, 2018, 09:48:34 AM |
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what are the reasons for this price collapse?
there was never a "price collapse", there has always been pump and dumps. like any other shitcoin which was created by forking bitcoin, bitcoin gold doesn't have any reason to exist either. what you see as the drop is just the inevitable reality that all of these forked coins and all the rest of useless shitcoins out there will face sooner or later. traders won't hang around in an speculative asset forever. they will dump and move on. |
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KingScorpio (OP)
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May 22, 2018, 11:07:33 AM |
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did the bitcoin gold developers got a huge premine from their fork?
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pooque
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Merit: 10
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May 22, 2018, 11:10:25 AM |
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You should know that latest update about your coins so you wont get rekt if the investors has abandoned your coin,losing a value isnt the problem but the manipulation of the big players.
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voron83-05
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Pozess - The Photo Sharing Fashion Marketplace Tha
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May 22, 2018, 11:26:10 AM |
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BTC gold is not cool, it's a cryptonym and very much dependent on the founder - BTC the more it is on the same platform ... Soon it will grow!)))
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♠ POZESS ♠
Photo Sharing Social Marketplace That Rewards its Users |
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Newboybb
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Activity: 266
Merit: 10
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May 22, 2018, 11:32:45 AM |
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Why would you choose to invest in a fork of bitcoin gold?
This fork has no value, just a hype.
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jvper
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May 22, 2018, 11:38:16 AM |
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I sold mine when they were 0.05 BTC. 5% of a BTC was clearly too much for Bitcoin Gold.
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kostya-smrnv
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May 22, 2018, 11:40:54 AM |
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I think this year even to delve into the reasons is not worth it. Everyone is trying to fight cryptocurrencies, others on the contrary, support and make a contribution. Because of this cryptocurrency is confused
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KingScorpio (OP)
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May 22, 2018, 01:33:29 PM |
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when its not in the interest of someone the accept someone elses truth, or point of view, he would be stupid to accept it.
regards
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Dingdong7
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May 23, 2018, 03:05:24 AM |
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We have seen the price bitcoin have reached before. Don't feel discouraged if you are seeing the price dropping, its a normal thing about bitcoin simce it is volatile. We will surely see it again recovering and regaining its high peak soon. Bitcoin has something in store for us, lets just be hopeful that it will once again gain its momentum. |
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Yokonaumiyaki000
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May 23, 2018, 03:15:31 AM |
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The fact that Bitcoin Gold was all hype and no substance, being one of the only bitcoin forks with substantial influence behind it, and a decent marketing budget to pump it up to astronomical levels. It's collapse was due to Bitcoin Cash coming along and being superior in pretty much every way, including being pumped better with an even bigger team. loled with all hype and no substance. People just realized that there's no need in this, investors are withdrawing from their position. Just look at the graphs, from the start (with the hype and all) since then it has been steadily decreasing. |
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