What is bitcoin gold?
This question originally appeared on Quora, the knowledge sharing network where compelling questions are answered by people with unique insights.
Answers below are byPatrick Corsino,Marean Vladimir,Chiragh and Sary Gal Rosenblum.
Answered Oct 25th, 2017
Bitcoin gold is a very interesting topic. And VERY new since it forked today! There is a lot of information on this topic, it would be too long for me to type everything!
In order to make things easier, I made a video explaining what it is, and what i think the price will be going forward! Feel free to check it out!
BITCOIN GOLD PRICE PREDICTION | What Is It? Best Investment Of 2017 – 2018??
Answered Jan 12th, 2018
Bitcoin Gold (BTG) is another fork of Bitcoin. The more famous fork is Bitcoin Cash (BCH) that has a lot of backing, compared to Bitcoin Gold. No one knows what the future holds, but Bitcoin does not look very strong for the next months, BCH looks a bit stronger, BTG looks cheap in Bitcoin price now, but I don’t really trust that project. It could grow 5x maybe, but I highly doubt it, and even if it does, I prefer to focus on more interesting projects. Ok, you can mine BTG with your GPU. So what? Just because it is called Bitcoin it does not mean it has a future. It could go to 1000$, as the whole market grows, or it could drop to really low levels. I prefer not to take these chances and focus on Ethereum or Cardano or other newer technologies first. I also invest in ICOs like I just did in Caviar at the pre-sale. These projects make far more sense in my mind than Bitcoin Gold does, but in my mind ripple makes no sense either, and it grew 15 times. 🙂 I still think Ripple makes no sense though, and neither that Bitcoin Gold, no matter how much they increase in value. If the market drops, these will drop as hell.
Answered Nov 9th, 2017
Bitcoin Gold is a clone of the main Bitcoin blockchain that will result in a 1:1 split of your Bitcoin funds, so if you have 1 Bitcoin you will receive 1 Bitcoin Gold.One way is by holding the private key for your bitcoins, you will be able to claim your Bitcoin Gold by exporting the private key and importing it into one of the supported Bitcoin Gold wallets listed on the official Bitcoin Gold Websiteonce one becomes available.The other easier method would be using a conversion wallet for a quick and reliable transaction. First you have to send your bitcoins to the following addresses. 3Pz3iYHLfX7EcTVgpzXPoc1xtkEmDEgsZG or 34UxoxMAFRua8QG74sw6T6VnWCZWtCiBnL
After which the converted coins would be routed back to your address.
P.S. Hope this helps and happy converting! Bitcoin donations are accepted at 1Bb5TqSnHZBNti5mjVFNhGq65U9kpukXYn.
Answered Oct 9th, 2017
On 25th October, Bitcoin is going to see another hard fork implemented that will result in a new cryptocurrency named Bitcoin Gold (BTG). As we saw with Bitcoin Cash in the summer, existing private keys holding Bitcoin balances will receive the same amount in Bitcoin Gold on 1st November, though as things stand, it may be a number of weeks before Bitcoin Gold will be tradable.
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