Its chart kinda sorta looks like a water fall, check it out:
As you can see it's just falling and falling and falling some more.
Where will it stop?
On a percentage basis you can get a better idea of the carnage:
Down over 50% currently.
Where does it go from here?
Perhaps it can gain some support as the coin gets fully distributed to all BTC users out there, or maybe it just keeps getting dumped.
Either way it looks like about $2 billion or so was created so far with bitcoin gold creation.
I hope it keeps going down so they just stop all this nonsense, but that is just me, what do I know.
I'll be mining it november first! lol Fair hashing power distribution taking the power away from china's mining farms!! yay
nice post @jondoe
img credz: pixabay.com
Nice, you got a 7.0% @minnowbooster upgoat, thanks to @jondoe
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @jondoe to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
That is insane!
@minnowpond has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoMaybe with the segwit2x hard fork coming sometime Nov. Just weeks away, many might re-invest some of their currency to BTC. As the owners of BTC would get equal the amount the own(BTC) Will get that as well on the new coin.
As you said though, " what do I know."
Great post man, informative and short, its perfect.
I'm staying away from this, 100% commited to the Steem blockchain! Thank you for the support btw, followed!
Yeah I don't think the dumping will stop. As more and more people get access to there bitcoin gold they'll continue to sell off.
I just can't believe anyone is actually buying bitcoingold at those levels unless they know something I don't about the fork. I wouldn't consider buying until it got to the double digits, but I don't know much either.
Probably the developers themselves cashing out their well planned premined scam, there will be a pump when the token is distributed among BTC holders that will sell it asap for BTC forgetting about it forever.
In my view, it is a farce.
BTG will end up close to worthless....there is little to buy into there.
I would say that many are going to unload as soon as it gets distributed. Perhaps there will be a pop based upon euphoria and it being new but, long term, it is a a downward projection.
Stick with BTC....it is going to be the big winner in the crytpo world.
voted