Hmmm all I heard so far is not that good news for BTG. I was very curious about this hard fork. All i was thinking was "not another bitcoin hardfork"
Things getting to slobby and peoples going for a big laungh on that.
What's their point? GPU mining? Yeah well this one was done by e.g. Bitcore long time ago.
I think this is just a marketing foul. After that hardfork some bags will be fullfiled even more than before.
Topic: Bitcoin GOLD - A well thought Scam? - page 12. (Read 18808 times)
Of course it's a scam. It's a huge cash grab.
99.x% of coins are, they have no real world usage (at least not yet).
Imagine if coins couldn't be traded but only bought and used for buying things. There would be maybe five coins in existence instead of 1000.
Of course it's a scam. It's a huge cash grab.
Scam or not does not matter to me. I will take the free coins from the fork and dump them for good old BTC.
Free money is free money for me. No need to worry.
Free money is free money for me. No need to worry.
I'm just going by memory here but in the last Bitcoin fork Bitcoin cash was, initially, something like 10% the value of Bitcoin, then it shot up to about 40% Bitcoin value and now is at about 5% Bitcoin price.
I, unfortunately, sold my Bitcoin Cash at the low price - was a bit hasty there - so this time I'm hoping the same will happen but I'll hold any Bitcoin Gold I get for a bit longer before I dump it.
i don't think it is scam because then jaynemesis (a famous crypto-trader at etoro) would have warned. Besides of that i stay away from bitcoin gold becuase i think it's the same rubbish as bitcoin cash is. it won't survive very long
How you can trust a 'crypto' trader, who is actually trading CFD's on Etoro instead of trading real cryptos on exchanges baffles me. He is probably some punk that got in within the last 2 years and think's he's a pro. I wouldn't trust anyone claiming to be a 'crypto trader' on EToro.
I personally think it's a SCAM!
If the people behind this project are sneacky enough, they must have planned that many users would have dropped their Alts for Bitcoins while waiting for the fork.
So they could have acted like whales buying a large amount of interesting Alts on their lowest price. (what a buisness!)
Plus when the fork will be finally done and the bitcoin gold will be listed on major exchanges they will pump and dump making this way another huge profit!
That's the main problem with Crypto right now, there are still many ways to manipulate the entire buisness...whales and scammers have too much freedom and they could really make huge damages to this new economy.
We still have a lot to do.
If the people behind this project are sneacky enough, they must have planned that many users would have dropped their Alts for Bitcoins while waiting for the fork.
So they could have acted like whales buying a large amount of interesting Alts on their lowest price. (what a buisness!)
Plus when the fork will be finally done and the bitcoin gold will be listed on major exchanges they will pump and dump making this way another huge profit!
That's the main problem with Crypto right now, there are still many ways to manipulate the entire buisness...whales and scammers have too much freedom and they could really make huge damages to this new economy.
We still have a lot to do.
i don't think it is scam because then jaynemesis (a famous crypto-trader at etoro) would have warned. Besides of that i stay away from bitcoin gold becuase i think it's the same rubbish as bitcoin cash is. it won't survive very long
I wouldn't rely on one person's opinion. That said I agree that Bitcoin Gold being scam or not, it's still rubbish. Bitcoin is popular, altcoins are up-to-date with tech. And Bitcoin Gold is neither.
i don't think it is scam because then jaynemesis (a famous crypto-trader at etoro) would have warned. Besides of that i stay away from bitcoin gold becuase i think it's the same rubbish as bitcoin cash is. it won't survive very long
See nothing is certain in crypto currency envinronment! If bitcoin gold will fork bitcoin and there is possibilty of making some buck from it, then get in and make your money. If nothing happen then stay wuth whatever coin that is of interest to you.
People keep saying all they want is the bitcoin gold to dump. Ever wonder what if it's not listed on any major exchanges to dump? If it just get's on a low volume exchange, the prices will be worthless. Also, if there's a 200,000 bitcoin gold premine, does that mean 200,000 btc's will not receive there BTG?
Scam or not does not matter to me. I will take the free coins from the fork and dump them for good old BTC.
Free money is free money for me. No need to worry.
Free money is free money for me. No need to worry.
Yes, so many people want to do the same thing. You are not alone, after the hard fork, we will buy alts again, altcoins will go to moon again.
I think it'll go the same route as Bitcoin Cash. Another useless fork.
Scam or not does not matter to me. I will take the free coins from the fork and dump them for good old BTC.
Free money is free money for me. No need to worry.
Free money is free money for me. No need to worry.
I think Bitcoin Cash showed everyone how useless these forks are.
So the best scenario is pump and dump scheme.
Pump may be long but probably not as long as BCC one.
So the best scenario is pump and dump scheme.
Pump may be long but probably not as long as BCC one.
Scam or not, investors are taking their position on this, and this is evident by recent bitcoin price increase. Whether will like it or not bitcoin gold will fork out of bitcoin and it will distribute new coin to bitcoin holder. What I am concern about is chain split with it's security problem that comes with it.
i really think that the community shoudl strongly avoid going after this hard forks and prevent this market manipulations..
Yeah it smells like scam coin! This is not the actual fork of the Bitcoin , i think that the name of this new Forked coin will not be a BTG but completely different than!
Of course it's a fork, the Bitcoin blockchain is going to be snapshotted. And BTG is the symbol.
I mean, WTH?
Yeah it smells like scam coin! This is not the actual fork of the Bitcoin , i think that the name of this new Forked coin will not be a BTG but completely different than!
Maybe this is really a fraud, because we do not know what the advantages of the coin is the same thing with bcc
Some interesting news about the impending Bitcoin Gold fork; do not hold BTC on exchanges like Coinbase & Bitpay as you are in great danger of losing your BTC altogether.
Interestingly the Electrum wallet is recommended as a store for your BTC, but no mention if it's good for Bitcoin Gold.
"
The signatories of this agreement wrongly believe that the currency created by adopting this contentious hard fork will eventually become Bitcoin. Therefore storing any BTC on services such as Coinbase, Bitpay and Xapo is strongly not recommended. By storing BTC on these services, you could find that after the hard fork, your BTC has been renamed to something else or replaced entirely with the new altcoin. The best way to ensure that your BTC is protected is to download the latest version of Bitcoin Core and transfer out any BTC stored on services that are a signatory to this agreement. We have listed the businesses supporting this contentious hard fork at the bottom of this document.
For users who aren’t prepared to install Bitcoin Core and go through the lengthy set up process, we recommend a wallet such as GreenAddress, Electrum or TREZOR. Avoid using web wallets like blockchain.info.
"
https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety
Interestingly the Electrum wallet is recommended as a store for your BTC, but no mention if it's good for Bitcoin Gold.
"
The signatories of this agreement wrongly believe that the currency created by adopting this contentious hard fork will eventually become Bitcoin. Therefore storing any BTC on services such as Coinbase, Bitpay and Xapo is strongly not recommended. By storing BTC on these services, you could find that after the hard fork, your BTC has been renamed to something else or replaced entirely with the new altcoin. The best way to ensure that your BTC is protected is to download the latest version of Bitcoin Core and transfer out any BTC stored on services that are a signatory to this agreement. We have listed the businesses supporting this contentious hard fork at the bottom of this document.
For users who aren’t prepared to install Bitcoin Core and go through the lengthy set up process, we recommend a wallet such as GreenAddress, Electrum or TREZOR. Avoid using web wallets like blockchain.info.
"
https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety
This is pure FUD by the anti-2x side. They are just pissed that big services like CoinBase are going to support SegWit2x.
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