Topic: Bitcoin Gold , A scam ? Please Help & Please Vote for the Poll - page 2. (Read 1247 times)

After his release, he did not like the audience. I think he has no future. I wouldn't invest money in it.

Wow , that was lovely. But I still dont understand after having all the idea and experience how can bitcoin gold developers can take it so easy ? I am sure they must be working like anything but weren't they aware for the floods coming their way. It seems foolish that bitcoin gold developers have not even given a positive update till now.

Nop! Nothing is shady. Satoshi is anonymous, don't pay attention to guys here. It is open source, actually btg is unique (as far as I'm aware) in having a pool software open sourced! And guess what? The devs have put some codes there to get a 0.005 share which can be removed by means of few minutes, and yet yellow media plus some ignorant users are saying it is some kind of a scam!

It is not, how can an open-source project be a scam after all?

I admit, devs privately mined some 200K coins or so (I suppose) so what? It means people (legacy bitcoin owners) have %99.9 of the coins and there is absolutely no pump and dump threat unlike most of the altcoins. I think other than their obvious interests, devs have chosen this strategy to stabilize the difficulty and other issues.

On the other hand, the core idea, getting rid of ASICs, is very promising and important. Any honest crypto advocate (i.e. no bitcoin enthusiast) should agree that ASIC is a crack against cryptography, it has always been a crack, the only crack against crypto. Satoshi made a mistake by choosing an algorithm with a small memory footprint that a neob could predict its future: being 'ASICed'! And now look at bitcoin, it is dominated by Bitmain and Chinese giant farms and is far from a truly decentralized ecosystem.

I am strongly supporting the idea of throwing away bitcoin's vulnerable, useless hashing algorithm and if bitcoin gold do not succeed because of its developers mistakes or anything, I think we have to retry this experience by another fork attempt in the right direction.

To be honest I will wait for a month or even few months before I will use bitcoin gold. I feel like there is something shady behind the project, some devs are anonymous and that brings my concerns

I am absolutely geared up for this and also analysing the chart very deeply. i can predict somehow if the pump happens. lets wait and watch. Hope i get my money back. After this  i am not gonna invest before a detailed study on the coin.

never buy these forks

dump out and get into something that is going up instead of down.

you can easy recover your loss but you need to find the worthy projects.

asking btc whales to pump it to save you a couple of k is more than unrealistic imho. 

Although a pump is not out of the question i mean you have btc whales with bags of this crap for free so if they can pump and sell it off to people that really have rocks in their head they will do so.

perhaps you will get one pump and one chance to dump... dont miss it.

This was in my opinion some quick made distraction from the big politics and battles between 2X and NO2X sides. No added value to the industry from this coin, shady history, shame for the bitcoin brand name.

Bitcoin gold was not well accepted for that reason the value of it fell a lot, however it has a legal potential and can rise a lot in the future.
Bitcoin Cash a few days ago was well below the value and now has gone up quite a bit, the owner of bitcoin cash has profited greatly from its increase.
I would keep these Bitcoin Gold for the future, even if selling now will take a big damage.

Yea I saw this, It's a shame. It seemed like an interesting Idea but in the end it had way to many red flags for it to be legitimate.

He is talking about Bitcoin Gold, not Bitcoin Cash. You got it mixed up.

Saving 8000$ + future opportunity costs avoided is better then watching the coin hit 0$.
Buying 1 BTC instead of 3 yesterday might still be your best shot.

I would almost TIP you if you could share your investment logic with us. How does a newbie unload 20.000$ into BTG of all the cryptos in the world (assuming your story is true)?

"Long term investment" in a traders journey is a trade gone wrong. Do not kid yourself.

Bitcoin gold is just a way to hijack bitcoin holders. It is easier than doing an ICO. By giving airdrop to bitcoin holders, the team is succesful distributing the coin massively. After that, they may ask for support from capitalists so they earn cash to buy back the coins. That's smart and short cut project. However, I am not really interested in holding BTG in my wallet. I use it just for dump and pump to make profit in the exchangers.

What did you expect from a premined coin, the developers of which have no focus on optimization for the future and only seek a fast way to pocket some cash? You should've waited till the whole thing unfolded unlike jumping on a hype train before investing in it and now you're in a deep hole where even cutting losses wouldn't be feasible at this point. Just sell it before it digs itself into a deeper hole and plan your future investments with proper research.

Even if you think it is a scam, still a lot of people who had purchased it at 400$ earned a lot of money which it reached 2500$ within two days. you should closely look at this coin as it will be a pump dump Bitcoin Cash coin and investors will pump and dump it heavily to get high profits from it.

Bitcoin gold is a scam I think. This fork is simply not needed, he does not carry anything useful and new, it was held only to obtain your private keys. IMHO

It may be a scam for certain people, but i think BTG should one day attain 500 USD. So just hodl your BTG now...

No one can know Scam it or not. Now a lot of people earned good money on the bitcoin to cash but thought it was a Scam. I still think so. But this will take a few years. Any cryptocurrency is not conceived as a Scam but the problem is that without the support of the user of the coin becomes a Scam or lives on.

the premine.

although the premine doesn't make it a scam, that was the whole purpose of BTG.  a truly fair launch would have had no premine, like BCH.

So it's a scam when you try to make profit but fuckup instead ?

There is no way that you were wrong about market ? No ?

BTG is not a scam coin. It's just another BTC fork with equihash mining algorithm. Where is the evidence of its illegitimacy?