Bitcoin Gold in the rear-view mirror!

in #bitcoin9 years ago

Over the last day of furious trading between Bitcoin and Bitcoin Cash, it's been easy to miss the rapidly approaching release of Bitcoin Gold. Officially, Bitcoin Gold is set to be released tomorrow.

Anyone who owned Bitcoin before the Bitcoin Gold fork back in October will automatically also own Bitcoin Gold. This is a lot of currency appearing on the market tomorrow. You can expect the value of Bitcoin to vary significantly because of this influx of new money. Some traders will immediately trade into Bitcoin or Bitcoin Cash while others will trade their gains from Bitcoin Cash into Bitcoin Gold, hoping for the same meteoric rise it has experienced in the last few days.

Designed to be an "ASIC-resistant" version of Bitcoin, Bitcoin Gold could add another chaotic element to the current frenzied buying and selling between Bitcoin Cash and Bitcoin itself.

Whether or not you're a fan of Bitcoin Gold, you can't ignore the tumultuous impact that another Bitcoin-forked coin will add to the market tomorrow. Be prepared for some extremely dramatic swings in Bitcoin value over the next week!

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