Stock markets reacted coldly towards fork Bitcoin

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Jack Liao is at the same time the head of the Hong Kong mining company LightningASIC, and the release of a new cryptocurrency generates demand for mining equipment from his corporation. Gold One of the main cryptocurrency exchanges Poloniex has already expressed its position regarding BTG. The new cryptocurrency will not be supported until there is stability in the operation of the software, and a double-spending protection mechanism has not been implemented in its code. Other platforms, including Waves and Coinbase, have joined in to criticize the transparency and problems with the codes. The first 24 hours for Bitcoin Gold have been very difficult. Trader dissatisfaction was due to the fact that the cryptocurrency website did not provide complete information about the project, and then completely stopped working during the network launch. At 17.00 10.25.2017 the status of the cryptocurrency fell from 480 to 155 US dollars.

LiteFinance: Hardfork BTG: is it worth investing in a new cryptocurrency?  |  Litefinance Possible issues related to BTC, BCH and BTG: After forking, each BTC holder will receive an additional BTG cryptocurrency. It is not known how this will affect quotes after November 1st (since the announcement of the full network launch). BTC is one of the main drivers of the cryptocurrency market. The weakening of their positions can cause an  Peru Mobile Number List avalanche of lower prices and other cryptocurrencies. And the belief in the issuance, no less strong, can shake the market. BTG has the same address format as two other cryptocurrencies. There have already been cases of payments being sent to incorrect addresses. How the new cryptocurrency behaves, it is difficult to say. Many traders are inclined to believe that Bitcoin Gold, Bitcoin Cash, etc. projects. with abbreviations similar to BTC, it is an attempt to confuse traders and profit in the so-called cryptocurrency pyramid.


A clear example is the sharp jump in the exchange rate on October 24 of the Bitgem cryptocurrency, which is in 996th place in the capitalization level, LiteFinance: Hardfork BTG: is it worth investing in a new cryptocurrency?  |  Litefinance The reason for the growth is the same abbreviated name of BTG as Bitcoin Gold, which confused traders. So far the emergence of the BCH and BTG projects looks more like an attempt by certain groups of stock market players to gain control over the development of open source code. For this reason, these projects will not be able to compete with the original bitcoin and over time may simply disappear. Bitcoin Gold's prospects are ghostly. Analysts believe that the cryptocurrency awaits the fate of ВСН. After its appearance in early August, VSN peaked in the second half of the month, but then fell by half and no longer rose to its peak. In this way, the pyramid effect appeared.