97% bitcoin gold crash should feel like a bad omen to you

[KingScorpio]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

[vuithoinha]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

I really do not trust BTG. Bitcoin will still be the main character, no one can replace. Between BTG and many other altcoin, I will choose NEO, ETH for investment will be much better

[3acaga]

Yes, you are right, bitcoine is losing its position, but even the altkoins have fallen even more. That bitcoin can yield another crypto currency in five years, I agree with you.
But, why panic? It has long been known that after a strong take-off - a big drop and correction will come.
Bitcoin gold is everybody knows, there was another unnecessary fork to enrich the authors, and I think that bitcoin gold will still show itself in quotations of stock exchanges, but when?

[mk4]

It crashed because it's simply utter trash, that calling it a "shitcoin" is an understatement; and you're comparing it to bitcoin, the #1 cryptocurrency that actually works right now not like other coins/tokens that promise you crap but isn't likely to deliver in the end. Don't get me wrong. Bitcoin can crash. But crashing the way bitcoin gold did? Fuck off.

tldr; you don't know what you're talking about.

[jiya jaena]

indeed bitcoin gold is one of the bitcoin hardfork which has experienced a drastic decline and hasn't had good progress until now, this is because the emergence of bitcoin gold occurs when bitcoin experiences downtrend, if bitcoin experiences uptrend, I believe bitcoin gold will also increase

[o_e_l_e_o]

I bought a Chinese fake copy cat phone that didn't work, so Samsung and Apple will be next to fall.

My second hand $300 car broke down, so Formula 1 as a sport is now defunct.

My local little league baseball team is shit, so that must mean the Yankees are shit.

These statements are only marginally more stupid than what OP is claiming.

[BitHodler]

BTG isn't the first fork at all.

Forks can be successful if they have the backing of wealthy and powerful entities within this industry. People can say about Bcash whatever they want, but it's an example of how a fork can be successful in many ways.

Overall, forks without any backing, which definitely goes up for BTG, are doomed to fail. Why should anyone even be surprised about that? It was great for the people who dumped it around $400/$500 but that's really it.

[BitcoinNewbie15]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

Bitcoin gold was not the first Bitcoin fork like your posts says. This sort of invalidates the rest of your point, as you got something so fundamental wrong. Bitcoin cash was the true first Bitcoin fork. And how do forks dying off point towards Bitcoin eventually dying off? That is some really stupid logic. So if Fools Gold starts dying off, does that mean real gold will be dying off soon?

No.

These are just knockoffs of the real thing. Obviously the forks were going to die one day, some take longer than others. But the forks dying have 0 effect on Bitcoin. Acutally, if anything it would have a positive effect. The money from the fake Bitcoins will just flow back and reconsolidate into the real Bitcoin.

[sakahayang]

What I know, the presence of Bitcoin gold serves for a smaller market than Bitcoin. the collapse of the Bitcoin Gold price can occur due to a lack of system development from the support team, resulting in a reduction in mining in Bitcoin Gold. I prefer the opinion of this one:

BTG isn't the first fork at all.

Forks can be successful if they have the backing of wealthy and powerful entities within this industry. People can say about Bcash whatever they want, but it's an example of how a fork can be successful in many ways.

Overall, forks without any backing, which definitely goes up for BTG, are doomed to fail. Why should anyone even be surprised about that? It was great for the people who dumped it around $400/$500 but that's really it.

To the Point, the fork must have the backing of wealthy and powerful entities within industry

[w5pn73]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

Bitcoin gold is a major shitcoin so it doesn't really mean anything.

[ajuelnah akun]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

from the beginning I didn't trust the BTG at all, rather than having to invest with BTG, I'd better invest with ETH. ETH is a hardy coin. 
when bitcoin falls ETH falls, but not as bad as BTG 

[darkangel11]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

You're delusional if you really believe in what you're saying. How can a bad clone of something not gaining trust and value show the flaws in the original project?
Try to copy some famous art pieces and selling them. If you manage to get 1% of value of the original I'll be amazed. Now this crappy BTG shitcoin managed to ride the wave for  a long time. I'm sure devs made a lot of money on the fact that when they launched Bitcoin was in a bull market.
At the time of launch I was calling BTG and BCH shitcoins and sold most of them right when I got them. You can find my old posts. I lost some potential gains on that move because I did not account for Roger Ver and Bitmain pumping BCH in December, at which time BCH alone gained at least 300%, but who cares, I turned it to BTC that also gained a lot at that time.
Shitcoins will die and it will have completely no impact on BTC. You can already see it by BTC dominance going up despite bear market.

[tomahawk9]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd

Good. These crapforks (especially forks using the name "Bitcoin") need to dissapear completely from the market so that more money can flow back into BTC, or at least any other legit projects that are out there in the market looking for funds.

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

Wrong, next will be the rest of the unsuccesful forks.

Also, funny how you didn't even give an explanation as to why exactly forks dying will have any sort of real effect on Bitcoin. Do yourself a favour and take your stupidity someplace else.

[KingScorpio]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd

Good. These crapforks (especially forks using the name "Bitcoin") need to dissapear completely from the market so that more money can flow back into BTC, or at least any other legit projects that are out there in the market looking for funds.

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

Wrong, next will be the rest of the unsuccesful forks.

Also, funny how you didn't even give an explanation as to why exactly forks dying will have any sort of real effect on Bitcoin. Do yourself a favour and take your stupidity someplace else.

the forks are side flyers of the bitcoin hype without them bitcoin could become an unfunny lonly cult, its main drivers are those huge miners that have own those huge mining facilities (like in iceland or china) they are the bitcoin whales that will invest into bitcoin advertisement.

[reflector]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

Bitcoin gold is not the worst coin to investment since this year starts but nowadays no one will be considering this coin for their investment and mining side also there is no big support for this coin. Henceforth you can ignore this coin to invest your fund at there.

When the fork falls only this coin has been segregated in the market and at the same time this coin seems having potential in future but currently there is no symptoms to go bigger in the market.

[shield132]

Oh, how can you say that failur of bitcoin gold means future failure of bitcoin? They have nothing common, only first name bitcoin from BTG. On another hand see bitcoin cash, it's the only fork for me that deserves attention. What would you say about it? Why this fork still stands steadily?
Bitcoin has it's number one place among cryptocurrencies and everyone knows reasons, it's more anonymous amd decentralyzed compared to others, there are also a lot to say.

[DooMAD]

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

Apparently you missed the part where BTG suffered a hashrate attack and double spend.  If it lacks security, it's worthless as a cryptocurrency.  This isn't a valid comparison.

It hasn't gone unnoticed that you have a tendency to post threads which require a massive leap of flawed logic to arrive at a (seemingly intentionally) negative conclusion.  There's a fine line between skepticism and FUD and you need to be careful you don't cross it. 

[pitiflin]

I bought a Chinese fake copy cat phone that didn't work, so Samsung and Apple will be next to fall.

My second hand $300 car broke down, so Formula 1 as a sport is now defunct.

My local little league baseball team is shit, so that must mean the Yankees are shit.

These statements are only marginally more stupid than what OP is claiming.

This. But yeah, Yankees are shit. 

bitcoin gold crashed 97% it was once traded at 500 usd and now its just 17 usd,

this is the first bitcoin fork, out there and it is basically gone. when bitcoins forks collapse the next will be bitcoin, you guys then will stand like a sect in a ocean of cryptocurrencies

People had more hopes on bitcoin gold than any other fork. We saw a bull run pre-bitcoin gold fork, but all the hopes went down to drain the moment btg came out. There was a fail at the beginning itself,IIRC. I am surprised that BTG took almost a year(~10 months) to go down. Bitcoin is no way close, buddy. So get your shit right.

[ansdb]

not just the Bitcoin Gold who is falling down to that price but even NEO goes down from 160 $ to 15 $ and many other currencies

[KingScorpio]

not just the Bitcoin Gold who is falling down to that price but even NEO goes down from 160 $ to 15 $ and many other currencies

i think we will have to evolve centrally administrated cryptocurrencies.

these pow cults will suffer baddly. no product developed, no entertainment just waste of ressources and pow

i mean who but those running vast amounts of installed hashpower will then push bitcoin? in an ocean of competing cryptocurrencies. some already use fake user ai that pm people recommending their respective ICOs.

bitcoin is right in opposing the broken banking cartels in many developed countries. but its wrong int thinking a cryptocult could dominate entire world economy, i posted a picture about that. how it will look like