Jun 22, · Bitcoin is a blockchain-based cryptocurrency that shares some properties with its gold counterpart. In fact, many have called bitcoin “ digital gold ” . Bitcoin Gold price today is $ USD with a hour trading volume of $13,, USD. Bitcoin Gold is down % in the last 24 hours. The current CoinMarketCap ranking is #85, with a market cap of $,, USD. It has a circulating supply of 17,, BTG coins and a max. supply of 21,, BTG coins. Bitcoin Gold is a proposed fork to the Bitcoin network to create a new blockchain. The new blockchain will be incompatible with the existing version of Bitcoin. .
Trade bitcoin goldShould You Buy Gold Or Bitcoin?
I have shared previously that forks are an integral part of the decentralized money system, so they are not a thing to get worried or afraid about. Let me know in the comments below! Next: I will be publishing a list of wallets through which you can claim your BTG if you had kept your BTC in your control at the time of the snapshot fork. Regarding claiming your BTG through wallets, we will publish further instructions shortly. Happy Forking. Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra.
He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Please I had my btc in my Blockchain. Info at the time of fork. And I wish to trade my bit gold if I am educated about it. Benedicta Will update this article on BTG trading and accessing soon as it is confirmed officially from others.
Hi, great writeups! I have my bitcoin on a Trezor. I am thinking of the following procedure: make a paper wallet and send all btc from Trezor to the paper wallet. Then take a Btc-Gold wallet that allows sweeping the 24 words of my Trezor or entering the private keys if I enter the 24 words in Mycelium-Android you can expose the private keys for all derived addresses.
First thing is that you can trade. Thanks, great job you are doing. Thanks once more. You can trade now fork is over and regarding BTG claim I have clearly mentioned in the above article about the latest status.
Im totally new to this things. I am having my BTC in Coinomi wallet. I think Coinomi is not going to support Bitcoin Fork going to be happen between 14th Nov to 17th Nov COM or any other wallet before 14th Nov No wallet has yet clearly stated its plans for November fork so the best thing to do is keep your Coins in your control. Wait for Ledger to support it or claim it through your seed via another BTG supported wallet.
Did you already publish the article about claiming btg if your btc was sitting in a wallet like exodus at the time of the fork? And is it safe to sell BTC currently?
Hi Sudhir, BitcoinIndia exchange has had some extremely bad reviews from its users past many months. Even in case of problems, their teams simply block the users from any correspondence on any social media platform and the users can simply rue their bad decision and misfortune.
Criticizing comes to even biggest companies but people actually losing money and giving proof of the same against them is different. As a blogger with quite a number of followers including myself , dont you feel you should take a stand against them atleast by not including them in BTG exchange list? Coinomi is one BTG supported wallet for Android. Some Exchanges like Changelly and Cex.
Becareful with them. They charge more to dollar over the spot rate. There are too many fee involves. Dont dump your hard earned money behind these coins.
You are paying a lot of fees as well. Some of them charges deposit fee, withdraw fee, sending fee, receiving fee. And it is not small portion of your money. I notice that the ledger nano s has support for BTG bitcoin gold as legacy or segwit.
Now, say I set my nano up as legacy and I store my BTG using that, when I send them to another wallet or exchange, and the exchange is using segwit for the that particular coin, will my BTG still arrive at that address? Is that how it works? Thank you so much. I am confused as to the the legacy vs.
It matters if you like low transaction fee feature of segwit. Yes, your coins will arrive at the segwit address of exchange for BTG. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of new posts by email. The halving of Bitcoin's mining reward ensures that all 21 million Bitcoin will be out in circulation by the year While we know that there is only 21 million bitcoin that exist, It is unknown when all the world's gold will be mined from the earth.
There is also speculation that gold can be mined from asteroids, and there are even some companies looking to do this in the future. Gold has historically been used in many applications, from luxury items like jewelry to specialized applications in dentistry, electronics, and more. In addition to ushering in a new focus on blockchain technology, bitcoin itself has tremendous baseline value as well. Billions of people around the world lack access to banking infrastructure and traditional means of finance like credit.
With bitcoin, these individuals can send value across the globe for close to no fee. Bitcoin's true potential as a means of banking for those without access to traditional banks has perhaps yet to be fully developed. Both gold and bitcoin have very liquid markets where fiat money can be exchanged for them.
One major concern for investors looking toward bitcoin as a safe haven asset is its volatility. One need look only to the price history of bitcoin in the last two years for evidence.
It has since recovered a portion of those losses, but is nowhere near its one-time high price point. Besides overall volatility, bitcoin has historically proven itself to be subject to market whims and news. Particularly as the cryptocurrency boom swept up a number of digital currencies into record-high prices around the end of , news from the digital currency sphere could prompt investors to make quick decisions, sending the price of bitcoin upward or downward quickly.
This volatility is not inherent to gold for reasons mentioned above, making it perhaps a safer asset. In recent years, a number of alternative cryptocurrencies have launched which aim to provide more stability than bitcoin. Tether, for instance, is one of these so-called " stablecoins.
Investors looking for less volatility than bitcoin may wish to actually look elsewhere in the digital currency space for safe havens. NBC News. Coin Telegraph.
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