A Panel of Experts See Bitcoin Averaging $12,948 by Year End

2m
thebitcoinnews

Crypto Adoption: Newly Launched Binance Card To Serve 60 M Plus Merchants Across Europe

9m
coingape

Economic Expert: Libra, Interesting But Will Never Launch

20m
coininsider

Can Chainlink’s Market Cap Surpass That Of BCH and BSV Combined?...

20m
zycrypto

Investors Expect Chainlink To Reach $10 Before Bitcoin Recaptures $10,000

20m
zycrypto

Appeals Judge Allows NY Investigation Into Tether Stable Currency

32m
livebitcoinnews

Did this Texan falsely file for PPP loans only to buy crypto with the funds?

1h
zycrypto

Did‌ ‌this‌ ‌Texan‌ ‌falsely‌ ‌file‌ ‌for‌ ‌PPP‌ ‌loans‌ ‌only‌ ‌to‌ ‌buy‌ ‌crypto‌ ‌with‌ ‌the‌ ‌funds?

1h
zycrypto

Chainlink Sees “Off the Chart” Exchange Inflows as Whales Look for an Exit

2h
bitcoinist

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

2h
cryptoglobe

Why Bitcoin.org’s secret owner wants Bitcoin price to stay in the...

2h
zycrypto

Binance Rolls Out Crypto Debit Card in Europe and UK

2h
zycrypto

From Politics to Crypto: The BTC Journey of Craig Bergman

3h
livebitcoinnews

Block Crunch - Why Avalanche is Not an Ethereum Killer - John Wu, Ava Labs

3h
letstalkbitcoin

Nearly 60% Of Bitcoin Investors Say They’ll HODL To The Grave If The Price Stays Below $10,000

3h
zycrypto

US Army Requests Information on Tools to Track Cryptocurrency Transactions

3h
thebitcoinnews

Bitcoin & Cryptocurrency FinTech Apps Outperform Non-Crypto Peers: Report

3h
coingape

Bitcoin Closing Beneath One Crucial Level Could Decimate Altcoins

4h
bitcoinist

TTS 266 Elections, Lockdowns, Protests, and Liberty: Live from PorcFest with Ernest Hancock

4h
letstalkbitcoin

Cryptocurrency News Roundup for July 14, 2020

4h
beincrypto

Strong fundamentals mean Cardano (ADA) could keep up with its July rally

4h
cryptoslate

Bitcoin's Price Stability Is a ‘Good Thing’, Bitcoin.org Co-Owner Argues

4h
cryptoglobe

The Hash Ribbon Is Back, Suggesting further BTC Gains

5h
livebitcoinnews

Litecoin vs Bitcoin – The Main Differences Between These Two Cryptos

5h
thebitcoinnews

Crypto Influencers Indicate A Bubble As DeFi Hits New Highs

5h
coingape


Bitcoin Gold Is an Example of a “Good” BTC Fork

Alejandro Regojo is the man behind bitcoin gold, which is widely considered one of the more successful bitcoin forks.

Such forks have happened in the past and can lead to somewhat mixed results. In the case of bitcoin cash (BCH), the currency is still doing quite well and is considered the fourth-largest cryptocurrency by market cap.

Bitcoin SV (BSV), however, is an entirely different story. While it’s garnered a place in the industry’s top 20, the currency is widely blamed for the nasty fall that bitcoin’s price induced roughly one year ago.

During Thanksgiving of 2018, bitcoin fell to the mid-$3,000 range after it had spent most of the summer traversing through $5,000 and $6,000 territory. While those price arenas weren’t much to brag about, things took a horrible turn three months later when the holiday season rolled around and the currency lost another $3,000 from its overall value. It took BTC approximately five months to recuperate from there, rising back into the $5,000 range again in April of 2019.

In addition, the currency has also led to controversy surrounding its alleged creator Craig Wright, who often claims that bitcoin SV is closer with the original vision BTC’s creator Satoshi Nakamoto had for his cryptocurrency project.

Bitcoin gold hasn’t been as widely publicized as bitcoin SV or bitcoin cash, but the story behind it is relatively intriguing. As a finance student in both the U.K. and China, Alejandro mentioned that he grew “bored” with fiat, saying that it had potentially gone as far as it was going to go. Thus, he was curious about something different, which is what led him to the crypto space in 2015 after studying economics for many years. He comments:

I understood that there was something newer and better… I realized that bitcoin was my thing because it’s internet and at the same time, it’s money, so I entered first as a researcher and then I started trading.

Later, however, bitcoin started to become something of a monopoly, and was suddenly similar with the structure he had noticed with fiat. Thus, he took a big chance and decided to fork the world’s number one cryptocurrency by market cap. This led to the creation of bitcoin gold. He says:

At the beginning of 2017, there were a lot of issued in bitcoin, a lot of problems, and people talking about forks in bitcoin. That’s when I began to get involved with the bitcoin gold community.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments