Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Gold => Topic started by: Kitcho on June 17, 2018, 03:35:36 AM
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This is a scam ? Because I don't understand why people invest in this coin .
Bitcoin is the real Gold. Why people want to use Bitcoin Gold ?
(sorry if my english is bad, I'm french)
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I dunno about a scam but I don't like how disruptive this hard fork was to the market when it was released. I like that it's asic resistant but its obviously open to 51% attacks.... I think really the only reason it has worth is people talk nice of it because they all got some for free, but what kind of realistic use case does this serve? especially just being a replicated form of bitcoin.
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Hello altcoingamer ,
Yes people say good things because they received free . Otherwise everyone would say it's a scam.
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I really don't know about bitcoin gold but i think bitcoin gold is not a scam because bitcoin gold is the two highest price in market and it is the second great currency i know.
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For most cases, it may be pretty obvious what a scam is - but with bitcoin gold, things become murkier. Bitcoin itself is an unregulated form of currency that essentially is a mere number that is only given value because of an agreement. It's basically like a moneybag with a lock on it - the code of which is given to the recipient of the bitcoin gold(an analogy drawn by Forbes in 2017).
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As far as I know Bitcoin Gold is not a scam coin. It's just that this Bitcoin Gold coin doesn't have a good market volume like Bitcoin Cash. So that's why this coin is often called a scam.
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I have been mining BTG on Genesis Cloud mining https://www.genesis-mining.com/a/2284361 and it has been paying out a dream. Only a small contract and paid off in 3 months, into profit now.
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Crypto Bittrex Exchange will remove Bitcoin Gold (BTG) on September 14 after hacking the $ 18 million BTG network in May, The Next Web reported September 3.
Founded in 2007, the Bitcoin Gold cryptocurrency has experienced a "double-spending" hacking attack which reportedly allows unknown hijackers to control more than 51 percent of BTG hashrate. The attack, which reportedly began on May 18, 2018, has raised more than $ 18 million in Bitcoin Gold from various exchanges, including Bittrex.
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I cannot argue more about why Bitcoin Gold is a good hard fork coin because I never believe that they're a big joke or a fake coin or a scam.
I believe Bitcoin Gold has a good future and so as Bitcoin Cash.
Bitcoin Cash was pumped last late October this year and look at it now, the price is stable and even moving to the right upper of the graph.
So, just in case if they manipulate or pump Bitcoin Gold like what happened in Bitcoin Cash then that's a good thing.
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Unfortunately, the more popular bitcoin becomes, the more scammers it attracts
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It's the truth. If you do not want to lose money, it is enough to find a deal with guaranteed security
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Today it is very difficult. You need to read a lot of reviews and other information. New projects are completely devoid of trust
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There is an easier way to avoid losing money than searching for reviews. For example, projects that trade through W12 w12.io (https://tokensale.w12.io/ru/?utm_source=psv&utm_medium=altcoinstalks&utm_campaign=altcoinstalks.com/index.php?topic=27723.msg319372#msg319372) have a guarantee of security, you can not worry about your money.
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Via all of statistics I have collected from biggest exchanges and assumptions about the amount of BTC in free holder, by which I mean they keep BTC in cold wallets, etc. There are likely 240.000 BTG in total. And, of course, you can check this number by yourself. It looks like that developers of the project has sold all of their BTG. That's very hilarious, weird, and of course, bloody drama I ever seen.
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I'm still making money on BTG, mining with Genesis (I can give a link if anyone wants one).
I hold half and put the other half to trade.
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For most cases, it may be pretty obvious what a scam is - but with bitcoin, things become murkier. Bitcoin itself is an unregulated form of currency that essentially is a mere number that is only given value because of an agreement. It's basically like a moneybag with a lock on it - the code of which is given to the recipient of the bitcoin (an analogy drawn by Forbes in 2017).
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Cheaters impersonate the official website page for free Bitcoin Gold (BTG) claims on Bitcoin Classic (BTC) Wallet.
More than $ 3.3 million has been stolen from the Bitcoin Gold Wallet (BTG). Fraud that causes Bitcoin Gold (BTG) wallet holders to lose funds in their wallets, implying that the official website page for the free Bitcoin Gold (BTG) claim on the Bitcoin Classic (BTC) Wallet when Hardfork Bitcoin Gold is made. Hardfork is a network separation on Bitcoin Core, thus creating a new Altcoin called Bitcoin Gold (BTG).
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This is a scam ? Because I don't understand why people invest in this coin .
Bitcoin is the real Gold. Why people want to use Bitcoin Gold ?
(sorry if my english is bad, I'm french)
On a real note, this is a good point you just raised, Why should we call this coin Bitcoin Gold when the father Bitcoin is there, what is golden about this coin? Anyone with the idea here?
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Bitcoin scams have been famously criminal and public in nature. With no bank as a middleman in exchange, things become more complicated; so hackers and con men have had a heyday.
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Gold Bitcoin can be valuable because it collects Bitcoin to support the reserve price of the Gold Bitcoin.
You can check in Coinmarketcap and now Bitcoin Gold has a financial foundation like this.
Market Cap
$ 336,823,028 USD
77,419 BTC (Financial foundations)
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Bitcoin gold is not a scam. It is a well-intentioned hard fork proposed to decentralize Bitcoin’s mining authority.
It will be used in coming years as a test bed for Bitcoin among other things.
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Bitcoin Gold is the choice of many other altcoins in the world of crypotcurrency.
If Bitcoin is stronger in price then Bitcoin Gold is also strong in staying on the market because as far as I know Bitcoin Gold is removed from the Bittrex Exchange and now it still stands in the top 50 coinmarketcap.
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I think bitcoingold is good coin, a hard fork of Bitcoin and it is one of potential altcoin and it currently trading at $23.38, and it is number 21 at coinmarketcap ranking.
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Bitgoin Gold results from Hardfork Bitcoin.
So Bitcoin Gold also has hopes or relatives from Bitcoin.
These two coins are almost interrelated, only different Explorer and the #DevelopmentTeam .
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Bitcoin is the actual gold of crypto currencies, Bitcoin gold is the hard fork of bitcoin and it just needed a name, and thats why it had that name. As time goes on, you'll know the real gold of crypto currencies.
It is backed by people because they received it freely, and it gave some amounts of profits to them, nothing much about BTG.
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Bitcoin Gold is a scam but Bitcoin Gold is a Coin that needs further development by the #DevelopmentTeam .
Because I see Bitcoin Gold removed from the Bittrex Exchange and that's a sign that Bitcoin Gold needs development and renewal.
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I think you are wrong if you say that bitcoin gold is a scam, the coin has only decreased in price, and I strongly believe that it will recover.
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Bitcoin gold is not a scam.Bitcoin gold is a fork of Bitcoin. I think Bitcoin gold is worth coin like Bitcoin cash.Now many investors are investing in this coin so it has a big trading volume.also I am already invested in bitcoin gold because I believe definitely btg will give me a good profit in the future.
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Bitcoin gold is not a scam coin this is the good altcoin actually this is not best coin to hold long term because there are lot of potential altcoin in cryptomarket but this is the good coin for short term profits so this coin's trade volume is too high I think this project need more development .
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Bitcoin gold not a scam coin this is the forked coin of the BTC but this coin not popular like BTC personally this coin not perfect for daily trading and Long term holding this coin was reached almost $400 in 2017 December but now it's price is $10 however there is no good signal to the bull run.
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Bitcoin gold not a scam coin this is the forked coin of the BTC but this coin not popular like BTC personally this coin not perfect for daily trading and Long term holding this coin was reached almost $400 in 2017 December but now it's price is $10 however there is no good signal to the bull run.
today the price of bitcoin gold is around $8 in the past seven days the price of bitcoin gold is reached a high is $12 many investors are investing in this coin so it's trade volume is $12million bitcoin gold is listed in many popular exchanges so many investors are using this coin definitely this is a good project.
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Bitcoin gold is a good altcoin but there is no improvement in their projects so the price of bitcoin gold is too low this it's trade volume and market capitalization is too low today this coin is 83 place in the cryptomarket it's market capitalization is $6 million.
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Bitcoin gold is a good coin this is not a scam projects
Because this coin is still alive in the cryptomarket but it's market capitalization is going down also it has good trade volume but I don't want to invest in this coin because ethereum and bitcoin is potential investment for long term investments.
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Bitcoin gold is a popular forked project of the bitcoin but currently it's popularity is decreasing actually I don't want hold this coin for long term but bitcoin gold is still alive in the cryptomarket we can find this coin in many popular exchanges it has many trading pairs so don't panic about bitcoin gold.
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Bitcoin gold not a scam project this project is still alive in the cryptomarket but the price of too low compared with the all time high price but it has started to recover however it's trade volume is low in the past seven days Bitcoin gold has recovered +103% .