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Author Topic: Is Bitcoin Gold (BTG) dying?  (Read 1191 times)

Offline ABCbits

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Re: Is Bitcoin Gold (BTG) dying?
« Reply #15 on: March 24, 2024, 10:39:44 AM »
Technically it's still alive since new block still created and you can trade it on exchange.

Even though it's still alive and listed on a few exchanges, I don't think anyone buys this to hold it or expect something big from it. As I can see, you can trade it on only a few unnamed exchanges, and the volume is too low. The all-time high was around $500 after the fork, and then it crashed directly because 80% of the people dumped it on exchanges because they got it for free. They don't need a coin that is trying to clone the original one. It even touched five dollars at some point and is currently trading in 45 dollar range. People are still trading it because of the curiosity they have about Bitcoin. Most of them trading it without knowing that it's not the real Bitcoin.

You're mostly right, but i expect majority trader know BTG isn't real Bitcoin since there's almost no promotion about BTG these days. Besides, it's also true for most cryptocurrency out there.
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Re: Is Bitcoin Gold (BTG) dying?
« Reply #15 on: March 24, 2024, 10:39:44 AM »

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Offline Stompix

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Re: Is Bitcoin Gold (BTG) dying?
« Reply #16 on: March 24, 2024, 06:47:30 PM »
Even though it's still alive and listed on a few exchanges, I don't think anyone buys this to hold it or expect something big from it. As I can see, you can trade it on only a few unnamed exchanges, and the volume is too low. The all-time high was around $500 after the fork, and then it crashed directly because 80% of the people dumped it on exchanges because they got it for free. They don't need a coin that is trying to clone the original one.

EDITED!!!

Scratch all the previous answers, with all those clones I made the math for BSV...
This is the other fake shitcoin..

So, back from zero, it's technically $40k getting mined at current coin levels a day and that means something really weird is happening since if miners do get those coins they either hold on to them (why...?) of dump them, so if the market is able to absorb 40k a day on those low volumes, does this means there is demand???
Could it be that upbit volume is not fake?

« Last Edit: March 24, 2024, 07:11:10 PM by Stompix »
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Re: Is Bitcoin Gold (BTG) dying?
« Reply #17 on: March 25, 2024, 06:55:12 AM »
So, back from zero, it's technically $40k getting mined at current coin levels a day and that means something really weird is happening since if miners do get those coins they either hold on to them (why...?) of dump them, so if the market is able to absorb 40k a day on those low volumes, does this means there is demand???
Could it be that upbit volume is not fake?

I guess they get the volume just because they are listed on exchanges. No matter what coin/token it is. People will buy and sell them to make some money even if it's just an unnamed shit token. This coin has an advantage with its name. People buy and sell it just because of the name. I am sure a lot of newbies traders get confused when they see something named Bitcoin, and it's trading in the $45 range. So, $40K a day is nothing, to be honest. That's why scammers (Shit token developers) can make money by selling their token which does not have a limit.
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