At this moment, Bitcoin Gold does look very weak. In the beginning of yesterdays trading, it topped out at 540 but it has been falling ever since.
Here is the 4 hour chart from Bitfinex:
Comment: As you can see, there is a pennant formation in the making and the way I look at it it might continue to fall once it breaks out from this formation.
It might want to go down and retest the lows at 0,01 BTC. Lets wait and see. I have still not seen my Bitcoin Gold in my Bittrex account and Im waiting for trading to begin over there.
Happy trading!
Should be obvious. The devs took a pre-mine. Didn't solve any problems. Dubious replay protection. Also please read: https://steemit.com/cryptocurrency/@buggedout/asic-resistance-is-a-myth-dash-is-conquered
There are many crypto coins that are superior to BTC in every conceivable way except network effect. BTCGold doesn't even have the network effect (excluding the DDoS effect which I don't approve of).
BTC minimalists are stupid and backwards enough. BTCGold takes it to another level. Hopefully no one invested in this (except for the devs)
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Hi, I read the article, so what do you think about the next fork, Segwit2x then? Will we keep getting new forks every month going forward?
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Both devs and users will get tired of forks and they'll stop. SegWit2X has become a war. Miner support is high for 2X but it's become a much bigger controversy than BCH (AKA real Bitcoin). The rift would only cause damage. Honestly I didn't even do much research. Bitcoin is a dying horse. We'll just have ATH and a catastrophic crash. That I know and that's all I care about.
The way things are BCH has the highest odds of survival. The 2X NO2X clash seems massive. The toxic community will burn each other. Without bigger blocks there is no future. I did some research to avoid making uninformed reply and damn! These idiots have been debating since 2015. Basically the only major update Buttcoin had in over 2 years is the BCH fork.
Dash resolved the debate in a quick vote and ready for 400MB and beyond. There are other great projects and there is DPoS etc. We might end up seeing a massive battle for BTC ticker between 2X and NO2X. But the point is BCH is already 8X. Seriously, why bother.
ATH followed by crash where I short and after all that Buttcoin would hopefully stay dead. At most there will be one more ATH and a crash and burn. Lightning Network would be too late and too pointless. Dash, NEM, PIVX, BTS, EOS will have taken care of everything.
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Needs to come back up, Come on BTG!
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