Topic: [12-7-17] Three Times as Much Bitcoin Cash Has Been Claimed as Bitcoin Gold (Read 279 times)

I would not generalise:  https://coinmarketcap.com/currencies/bitcoin-cash/    currently top 3 cryptocurrency,with ViaBtc pushing
the price up with the news : https://www.coindesk.com/new-viabtc-exchange-use-bitcoin-cash-base-trading-pair/
so some of the forks are successful,some are less successful : https://coinmarketcap.com/currencies/bitcoin-gold/ (currently ranked eighth)
but you cannot call BTG a complete failure,it is doing way better than most of the new coins and many old,established as well

Slowly people are understanding that this fork stuff is all just a farce. Now the reason of forks is sheer greed.

If bitcoin gold was enjoying the same $ value as bitcoin cash
I think there would be more gold claiming and as time passes
and bitcoin gold's price stays stable there could be more
confidence towards it.

I dont think the recent forking has had a negative affect on BTC
so personally i think differently now and dont really mind the forks.
I think the general public like the free coinage.

A lot of people believe that Bitcoin cash could be a viable competitor to Bitcoin. Bitcoin Gold is derided because of its pre-mine. I am sure one reason why it has not been claimed is because of its low price. If its price goes up, a lot more people will claim their coins.

I happen to have some BitcoinGold because Bittrex is supporting this hard fork -- got some Bitcoin in Bittrex for trading reason. practically speaking, getting some free coins can be like receiving some gifts on Christmas and I am not complaining. However, if we are thinking about the future of Bitcoin then it can be worrisome to think that every time there is an upgrade for Bitcoin it should be done the hard fork way for the purpose of satisfying the greed of some Bitcoin leaders and developers. This is getting to be a joke and must stop soon.

maybe because bitcoin cash has been around for much longer?
and bitcoin gold costs way less,had problems during the launch (no mainnet,no legit client among with many other)
with bitcoin cash almost all major hardware wallets declared support,many exchanges were trading it from the get go
and the fork itself went much smoother than the one of bitcoin gold
this doesn't mean that people suddenly stopped loving free money,generalisation is never good

Three Times as Much Bitcoin Cash Has Been Claimed as Bitcoin Gold.

The public’s appetite for forked coins seems to be diminishing. Data shows that around 6.6 million BCH has been claimed to date, compared to just 2.2 million BTG. There’s still time for more bitcoin gold to be claimed, but thus far most holders have been deterred from doing so. Reasons include BTG’s low value compared to BTC, and the perceived risk of splitting bitcoin via a third-party tool in order to claim forked coins.

Also read: More Bitcoin Fork Clones on the Way: Bitcoin God Will Be Born Xmas Day

Forked Coins: Free Cash or a Waste of Time?
Three Times as Much Bitcoin Cash Has Been Claimed as Bitcoin GoldOf the bitcoin forks to have occurred this year, bitcoin cash has been the most popular. In terms of uptake, value, and adoption, BCH is the market leader by far. This much can be gleaned simply by looking at the market prices and trading volume of bitcoin cash versus that of its successors, bitcoin gold and bitcoin diamond. Newly crunched data now shows the extent to which bitcoin cash has outmuscled its younger siblings.

Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.

Has the Public Had its Fill of Forks?
The available data for coin splits doesn’t take into account coins that have yet to be claimed. Notable holders of large amounts of bitcoin such as Coinbase have yet to issue BCH to their account-holders, and it is uncertain whether the broker’s BCH holdings will show up as “moved” – i.e claimed – at this moment in time. When bitcoin cash was created, there were just under 16.5 million BTC in existence. With one study suggesting that 4 million BTC are lost or locked up forever, that leaves around 12.5 BCH and BTG up for grabs. From this, it can be extrapolated that around 53% of the world’s available bitcoin cash has been claimed versus just 18% for bitcoin gold.


Source: https://news.bitcoin.com/three-times-as-much-bitcoin-cash-has-been-claimed-as-bitcoin-gold/