четверг, 7 июня 2018 г.

bitcoin_gold_price

Bitcoin Gold

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Bitcoin Gold News

Murphy’s Law states that “whatever can go wrong, will go wrong.” For Bitcoin Gold (BTG), this epigram appears to be spot on as the.

Bitcoin Gold Analysis & Opinion

Yet another attack struck the cryptocurrency market recently.

Today, I’d like to take a look at Populous, a London-based.

On April 6, the dark web’s cryptocurrency of choice, Monero.

Some time ago I published the first part of my Bitcoin analysis.

Bitcoin Price Today in US Dollars

The Kitco Bitcoin price Index provides the latest Bitcoin price in US Dollars using an average from the world's leading exchanges.

Bitcoin in Various Currencies

Other Cryptocurrencies vs Bitcoin

Bitcoin Basics

WHAT IS BITCOIN?

Bitcoin is a digital currency, which allows transactions to be made without the interference of a central authority. The cryptocurrency system is a peer-to-peer open-source software, meaning computers are part of a mining process for coins.

WHO CREATED BITCOIN?

Bitcoin was designed and created by an anonymous programmer, or possibly group of programmers, by the name of Satoshi Nakamoto.

HOW CAN I BUY BITCOINS?

There are various places to buy bitcoin in exchanges for another currency, with international exchangess available as well as local. Popular international Bitcoin exchangess include Bitsquare, Coinbase, and Kraken.

HOW DO I STORE BITCOINS?

Bitcoins can be transferred from a bitcoin exchanges to one of many bitcoin wallets, ranging from online options to вЂ˜cold storage’.

WHAT CAN YOU BUY BITCOIN WITH?

Bitcoin can be purchased through a digital marketplace, through which you can fund your account with your currency of choice, and place an order on the open market. Bank transfers are the most popular mode of payment.

IS BITCOIN LEGAL?

The use and trade of Bitcoin is legal in the majority of countries in the world, however, because it is a deregulated marketplace, governments are concerned about its potential threat as a tool for money laundering. Although mining and exchanging are questionable in terms of legality, it is known to be legal for users who exchanges bitcoins for goods and services.

WHAT IS BLOCKCHAIN?

A blockchain is a digital ledger recording cryptocurrency transactions, maintaining records referred to as вЂ˜blocks’ in a linear, chronological order.

WHY USE A BLOCKCHAIN?

Using a blockchain ensures security and manages digital relationships as part of a system of record.

WHAT IS DISTRIBUTED LEDGER?

A distributed ledger is a database, digitally recording transaction information using cryptography, making it secure and unforgeable.

WHAT IS THE DIFFERENCE BETWEEN A BLOCKCHAIN AND A DATABASE?

There are several differences between a blockchain and a database, including the level of control. Blockchains are under a decentralized control, whereas a centralized database creates a dependent relationship between users and administrators. Users tend to prefer confidentiality, which is better achieved through a centralized database. Performance also differs, as a centralized database is able to compute information faster than blockchains.

WHAT ARE ALTCOINS?

The term вЂ˜altcoins’ is short for alternative coins. Given that Bitcoin was the first cryptocurrency to surface in the market, the other digital currencies that emerged are referred to as altcoins.

Bitcoin Gold / U.S. Dollar BTGUSD

BTGUSD Crypto Chart

Technical Analysis Summary

Technical analysis: . BITCOINGOLD/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: Price is in the support zone (55 to 38), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. . .

Wolfe Waves Entry will be broken 86

$BTG begin uptrend Target midterm $400 Target longterm $800

BTGUSD , 240, Long ,

Ticker: BTGUSD Exchange: BITFINEX Signal: mid-term @Long Trading idea: A good opportunity to buy, at a good price with an excellent risk-profit ratio BTG appeared after a big "explosion" of the market, And in a wave of panic, he lost in value, along with the entire crypto market And now, when the coin has fallen low, it gives us excellent opportunities for .

Are Bitcoin and Gold Prices Correlated?

Bitcoin has been called 'digital gold', but does this mean the two markets behave similarly?

This relationship has been top of mind for industry observers for some time, as media coverage has often championed the idea bitcoin is a new 'safe haven' asset.

But while some market observers have claimed there is a correlation between bitcoin and gold, members of the digital currency trading community disagree. Further, some have collected data they believe shows this relationship is speculative at best.

Though bitcoin and gold have frequently displayed a notable correlation during times of macroeconomic crisis, this relationship has often broken down once market conditions return to normalcy.

Tim Enneking, chairman of cryptocurrency investment manager EAM, for example, told CoinDesk:

"There is actually very little correlation when you factor out geopolitical events that drove prices for everything up or down."

Gaining meaningful insight into the relationship between bitcoin and gold requires looking into market correlation, he asserted.

"When overall market correlation is high, so is the correlation for this pair, at least recently," he stated. "When overall correlation is low, so is the correlation between these two."

Petar Zivkovkski, director of operations for bitcoin trading platform Whaleclub, went a step further, stating that his firm has yet to detect any "significant statistical correlation" between bitcoin and gold.

"Any direct or inverse correlation over a set period of time is, in our opinion, purely coincidental."

Assertions like these could pour cold water over the hopes of many market participants who want the two assets to correlate reliably.

Analysis of correlation

While the price movements of bitcoin and gold are open to interpretation, having greater insight into the relevant market data can help readers develop more well-informed points of view.

An analysis of historical market data conducted by ARK Invest's Chris Burniske failed to illustrate a strong relationship between the two.

Burniske's analysis revealed that when examined on a weekly basis, the one-year rolling correlation of bitcoin and gold's returns was positive for nearly the entire period between 30th December, 2011, and 20th June, 2014.

However, this correlation averaged 0.14 during the period, pointing to a rather weak relationship.

While a correlation coefficient of 1 would indicate their returns followed each other perfectly, a correlation of zero would indicate there was no relationship at all. Since the figure of 0.14 is rather close to zero, it points to a very flimsy relationship between the returns of gold and bitcoin.

On 27th June, 2014, the rolling one-year correlation between bitcoin and gold became negative, staying that way for almost the entire period between then and 24th June, 2016.

The correlation averaged -0.20 during this time, once again failing to illustrate a strong relationship between the two.

When analyzed on a monthly basis – taking data from the first Friday of every month, the correlation was positive for nearly all of the period between 6th January, 2012, and 6th June, 2014.

During this time, the correlation between gold and bitcoin was once again weak, averaging 0.13.

On 4th July, 2014, the relationship between the two became negative, and remained that way for most of the remaining time until 3rd June, 2016.

The relationship between gold and bitcoin became slightly stronger during the time, averaging -0.21.

At this level, the correlation between the two still failed to be significant.

Market size, dynamics

When explaining the low correlation between bitcoin and gold, market experts pointed to both the differing market size and market dynamics of the two assets.

Zivkovski described the bitcoin market as "tiny" in comparison to the gold market, emphasizing that "the demand needed to drive gold prices" is much greater than needed to boost bitcoin.

Max Boonen, founder of market maker B2C2, provided a similar statement, telling CoinDesk that the market is "too small" to behave like the older, more mature gold market.

Market expert Arthur Hayes, co-founder and CEO of bitcoin leverage trading platform BitMEX, also noted the prevalence of "retail derivatives products like ETFs" that exist for the gold market as affecting its price movements. Currently, there are two bitcoin-based ETFs that awaiting the approval of regulators.

Blockchain technology firm SolidX announced 12th July that it had filed a registration statement, and government authorities are also considering an ETF proposed by investors Cameron and Tyler Winklevoss.

Rising bitcoin adoption

While the market for gold is far larger – and more mature – than that of bitcoin, the digital currency is enjoying rising adoption.

Bitcoin's transaction aggregate transaction volume has been growing significantly as of late, and people are becoming increasingly open to trying out digital currencies, said Joe Lee, founder of derivatives trading platform Magnr.

As a rising number of market participants embrace bitcoin, the digital currency's price will push higher at times when gold does not, algorithmic trader Jacob Eliosoff told CoinDesk.

For example, if a major institution adopts bitcoin, this will affect the digital currency's price, he noted. However, there is little reason to believe this development will impact gold prices.

Past that, Eliosoff noted that bitcoin is likely to respond to positive technical developments, such as the resolution of longstanding issues regarding how the network handles the size of transaction blocks.

"Over time we should see fewer dramatic bitcoin headlines, with its price moving more and more in line with other fixed-supply commodities," he predicted, concluding:

"I'd bet that's many years and a huge price rise away."

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

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Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

Bitcoin Gold Price Surpasses $250 Again

Although most people did not expect it, the Bitcoin Gold price has risen out of the blue. Thanks to Bitcoin’s recent gains, all of the top currencies have appreciated in value over the past few hours. Right now, the Bitcoin Gold price sits at US$254.79, which represents a 15.05% increase over the past 24 hours. It’s an interesting trend to keep an eye on; that much is evident.

Bitcoin Gold Price Surges a bit

In the world of cryptocurrencies, it is not hard to come across surprising developments. When it comes to the Bitcoin Gold price, things are evolving in an unexpected direction. After the initial hype surrounding this altcoin quieted down a bit, the value of BTG has declined steadily. However, the past few days have seen a small surge, although we are still a very long way away from seeing a new all-time high Bitcoin Gold price.

Over the past seven days, the Bitcoin Gold price has dropped from US$326 all the way to under US$200. Considering that this altcoin is another Bitcoin hard fork, it is not entirely surprising to see it achieve far less success than Bitcoin Cash. At the same time, very few people have claimed their BTG balances, as we pointed out a few days ago. Despite all of these hurdles, it seems this altcoin is not giving up just yet. Whether or not it will ever have real value remains to be determined, though.

Right now, the Bitcoin Gold price is moving up, but so are the values of all other cryptocurrencies. Everyone is piggybacking on Bitcoin’s price rise since its futures launched last night. Whether or not the Bitcoin Gold price can sustain its current momentum remains to be seen. After all, it is still an altcoin with no unique features or use cases we can’t access through more established cryptocurrencies.

Bitcoin Gold has a total trading volume of US$251 million over the past 24 hours. That is a more-than-solid amount, as a fair few top 10 cryptocurrencies don’t even come close to that number right now. It almost seems as if everyone is holding their breath to see what the future will hold. Any sign of Bitcoin price weakness will trigger a massive sell-off in the altcoin markets once again, impacting the Bitcoin Gold price.

Unsurprisingly, Bithumb is the go-to place for Bitcoin Gold trading right now. This platform controls nearly 60% of all trades, which could become a very big problem. Then again, it hasn’t hurt any of the other altcoins which see a lot of volume on that exchange. Bittrex is in second place and Bitfinex rounds out the top three. It’s interesting to see two fiat currency pairs among the top three markets, as it indicates fresh capital is entering the cryptocurrency world as we speak.

It remains unclear what lies ahead for the Bitcoin Gold price, though it’s doubtful big changes are coming. Stranger things have happened in the world of cryptocurrency, though, and we may see some major shakeups in the next six to twelve months. For now, there seems to be some interest in this altcoin, which is a positive start.

About The Author

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Bitcoin Gold

For all future releases Just for the upcoming release Send me a reminder 1 trading day before

Position added successfully to:

Bitcoin Gold News

Some PoW currencies are using the same mining algorithms as their larger counterparts, making it much easier to hack the smaller.

Bitcoin Gold Analysis & Opinion

Yet another attack struck the cryptocurrency market recently.

Today, I’d like to take a look at Populous, a London-based.

On April 6, the dark web’s cryptocurrency of choice, Monero.

Some time ago I published the first part of my Bitcoin analysis.

Bitcoin Gold Price Technical Analysis

Bitcoin Gold Price Technical Analysis

Key Points

  • Bitcoin gold price declined recently and it traded as low as $199.83 against the US Dollar.
  • There is a major bearish trend line forming with resistance at $228 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • The pair is now in the bearish zone below $230 and the 100 hourly simple moving average.

Bitcoin gold price declined towards $200 against the US Dollar. BTG/USD is currently showing a lot of negative signs and is below the $230 resistance.

Bitcoin Gold Price Upside Hurdle

There were continuing declines in bitcoin gold price below the $240 support against the US Dollar. The price extended its recent decline and moved below the $220 and $210 support levels. It even attempted a break below the $200 level and formed a low at $199.83. Later, it managed to recover slightly and it moved back above the $200 level. It also succeeded in breaking the 23.6% Fib retracement level of the last drop from the $246 high to $199 low.

However, there are many hurdles on the upside such as the $220 level. It is the 50% Fib retracement level of the last drop from the $246 high to $199 low. Above the $220-222 level, the next major resistance is around the $230 level and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance at $228 on the hourly chart of BTG/USD. Therefore, it seems like there is a key resistance area forming near $220-230 levels.

If the pair corrects higher from the current levels, it may face sellers near $220-230. On the downside, a break and close below $200 could escalate bearish pressure in the short term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is still below the 50 level.

Major Support Level – $200

Major Resistance Level – $230

Bitcoin Gold Price Technical Analysis

Bitcoin Gold Price Technical Analysis

Key Points

  • Bitcoin gold price is currently under pressure and is trading below the $250 support against the US Dollar.
  • There is a crucial ascending channel forming with current support at $240 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • The pair is attempting a downside break below the $240 and $230 support levels.

Bitcoin gold price is showing a few bearish signs from $275 against the US Dollar. BTG/USD may decline further toward the $225 level.

Bitcoin Gold Price Decline

There was a minor upside wave in bitcoin gold price above the $260 level against the US Dollar. The price traded above the $270 level, but failed to gain traction above $275. Later, a fresh downside wave was initiated and the price moved below the $260 and $250 support levels. At the moment, the price is testing the $240 support level and is struggling to stay above the mentioned level.

Technically, there is a crucial ascending channel forming with current support at $240 on the hourly chart of BTG/USD. The channel support at $240 is currently holding further declines. Should there be a break below $240, the price may accelerate declines toward the $230 and $225 support levels. On the upside an initial resistance is around the 23.6% Fib retracement level of the last drop from the $273 high to $237 low. However, any major recovery from the current levels is likely to face a strong barrier at $254.

The mentioned $254 is the 50% Fib retracement level of the last drop from the $273 high to $237 low. Overall, the current price action is bearish on BTG and it seems like there can be a break below $240.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is showing negative signs in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is currently well below the 50 level.

Major Support Level – $225

Major Resistance Level – $255

Bitcoin Gold Price Prediction: 2 Reasons Why BTG Will Sustain in the Crypto Market

Bitcoin Gold Price Prediction

Bitcoin is set to spin out another iteration in itself. This spin-off is similar to what occurred in July, when Bitcoin Cash (BCH) was introduced.

Bitcoin Gold (BTG) is set to debut in November. These Bitcoin spin-offs or Bitcoin splits are referred to as “forks,” and this Bitcoin Gold fork event will introduce a new cryptocurrency to the world.

Many are waiting with growing anticipation. This anticipation for another iteration of Bitcoin has many speculating on BTG price forecasts and Bitcoin Gold predictions. This frenzy is mounting as the Bitcoin Gold countdown has begun.

Bitcoin Gold Countdown

The Bitcoin Gold fork is scheduled for October 25, and the distribution of these coins will work as follows: All holders of Bitcoin who possess Bitcoin Cash private keys will receive Bitcoin Gold on a one-for-one basis. So, if you have 50 BCH, you will receive 50 BTG free of charge.

Even though the record date is set for October 25, trading of these coins is not likely to occur until early November.

The enthusiasm surrounding cryptocurrencies has reached a surreal level, and I don’t understand it myself. I have my reservations, to say the least. I saw a similar amount of enthusiasm during the dotcom bubble in 2000, when anything Internet-related was all the rage and attracted hot money, fueling the rise in technology stocks.

Also Read:

I am a skeptic with respect to all cryptocurrencies at this stage, but that doesn’t mean higher prices and the bull market in this sector cannot continue. I only fear that it will end in tears like all the previous price bubbles that preceded it. I can only suggest that caution should be warranted, and risk should be properly managed at all times.

BTG Prices to Follow BCH Path?

Pinpointing a specific value for the Bitcoin Gold price when it debuts would be like arbitrarily pulling a number out of a hat. A futures market has sprung up for cryptocurrencies and, depending on the exchange, these futures markets are speculating that anything within the range of $250.00–$500.00 is plausible.

Since the price is difficult to ascertain, one thing I am pretty confident about is that volatility will be high once this cryptocurrency is introduced. The price action that was witnessed when Bitcoin Cash debuted is a testament to this.

The following Bitcoin Cash price chart illustrates the volatility that this cryptocurrency experienced after it began trading.

This Bitcoin Cash price chart illustrates the wild swing that the cryptocurrency experienced after it began trading. Its opened at $800.00, hit a high of $815.00 over the next three days, and then four days later hit a low of $141.00. From peak to trough, Bitcoin Cash lost 82.70% of its value in the blink of an eye.

If that were not gut-wrenching enough, the volatility did not end there. Over the course of the next three weeks, Bitcoin Cash staged a bullish move toward higher prices, and it managed to regain its stature above $800.00. These gains did not last, and BCH peaked at $950.00 before falling back below $800.00 again.

The volatility has since subsided, and the bearish trend toward lower prices has evolved. This trend, which contains a series of lower highs and lower lows, is the reason why Bitcoin Cash is currently trading at $309.77, which is the lower end of the range.

This is why I believe that trying to project the value for Bitcoin Gold is probably a big waste of time and energy. Once the cryptocurrency does begin trading, the price swings are expected to be wild. Even if I were correct in making a Bitcoin Gold price prediction, I highly doubt that the value will be of any consequence because BTG prices will change in rapid succession.

2 Reasons Why BTG Will Sustain in the Crypto Market

I have already discussed my skepticism on the cryptocurrencies as a whole, but if I were to make a Bitcoin Gold price prediction, it would not be all that pessimistic. I have reason to believe that Bitcoin Gold will fare better than many of its counterparts, especially considering how fast this segment has grown, with hundreds of cryptocurrencies populating this universe.

The first reason why I believe Bitcoin Gold will thrive stems from why BTG was created in the first place. Its developer is now concerned about the notion that the original Bitcoin mining system has become centralized, with a few mining companies controlling this space, creating a near-monopoly.

This has created an environment where the barriers to entry are high. To compound these issues, there are also allegations that these miners have colluded to engage in questionable practices that were aimed at other miners and cryptocurrencies.

To combat this problem, the developers have created a number of provisions that will decentralize the mining of Bitcoin Gold and allow the everyday consumer with a simple computer to participate. This will even the playing field, making this cryptocurrency an asset geared for everyone, not the select few, making it “the people’s Bitcoin.”

The second reason I believe that Bitcoin Gold is here to stay—and has a high likelihood of succeeding—is that it is a derivative of Bitcoin and Bitcoin Cash. The key phrase here is “derivative of Bitcoin.” Bitcoin is the pillar that all the cryptocurrencies are based on. This whole genre of cryptocurrencies began with Bitcoin and, as long as Bitcoin is thriving and doing well, the entire framework supporting the new niche product is still intact.

If Bitcoin or any of its derivatives start to fall apart and fail, it will have widespread effects, ones which I believe will spell the end for this speculative genre of blockchain products. Currently, aside from the chatter from well-known pundits and investors, there is little to suggest that this is occurring, because the heavyweight Bitcoin continues to march towards higher prices.

Analyst Take:

Bitcoin Gold is set to be spun off on October 25, and trading is expected to begin in early November. The exact value of this cryptocurrency has yet to be determined, but speculation is that anywhere between $250.00 and $500.00 is plausible. But it’s still anyone’s guess. One thing is for sure, if Bitcoin Cash is any example, volatility in BTG should be expected once trading begins.

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