Home » Bitcoin Investment » Bittrex Will Trade Bitcoin Gold- 3 Shocking Facts about Bitcoin Gold

Bittrex Will Trade Bitcoin Gold- 3 Shocking Facts about Bitcoin Gold

Bittrex Will Trade Bitcoin Gold

3 Reasons Why I Think Bitcoin Gold Will Be Worth Nothing Or Very Little

Bittrex has made it clear that they will list the Bitcoin Gold but will not allow their members to trade it for now. Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.

Previously, Bittrex had released a statement on Bitcoin gold fork. All bitcoin holder will be credited with bitcoin gold during the snapshot,withdraw and deposit will be halted together with associated altcoin But the trading of bitcoin gold is still in debating mode.

If you have a Bitcoin (BTC) balance on Bittrex during the BTG snapshot block 491,407 occurring approximately on October 24, 3am PT (10am UTC), you will be additionally credited the equivalent amount of Bitcoin Gold (BTG) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BTG. BTC held on orders will also be credited. Only the BTC held on your account is eligible for BTG.

What is Bitcoin Gold?
Bitcoin Gold is a fork of the Bitcoin blockchain that will occur on October 25, 2017. At the predetermined block height, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. Bittrex Will Trade Bitcoin Gold The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.

Bittrex Will Trade Bitcoin Gold

Bittrex Will Trade Bitcoin Gold

According to Jackobian Experts, they think this Bitcoin Gold will not cost so much because of this.
Actually I just learned that Bitcoin Gold is a premined coin this evening and am sure that a lot of people do not know.

Now, I believe that the cost of Bitcoin Gold will crash Drastically because Bittrex Will Trade Bitcoin Gold

1. The developers Premined the coin. And premiere in Cryptocurrency is not something the community likes!
2. The developers might decide to sell off the remained coins once the markets start buying it and this will lead to the coin being cheap!
3. Also, this coin doesn’t have any meaningful support as far as am concerned.

Bitcoin Gold [BTG] is a proposed digital asset.

At this time, the information and codebase presented by the Bitcoin Gold team is not in a functional state and Bittrex will not commit to opening a Bitcoin Gold trading market.

Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the actual Bitcoin Gold network will launch publicly at a later undetermined date and time (the only guidance is the statement “after the launch on Nov 1”).

Bitcoin Gold does not currently have:

Fully formed consensus code
Implemented replay protection
Adequate code for testing and auditing
Publicly known code developers

Start Mining Bitcoin Gold on here site >> HERE

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