how can bitcoin gold affect btc price?

It is long past the last split in the world of digital currencies that occurred in early August, where the price of bitcoin before the previous split to the levels of about 2000 dollars from the highest price in June, which amounted to 2,976.41 dollars. At the time we heard a lot of speculation about the possible results. The worst case scenario was the collapse of the btc . Which led to the spread of panic in the world of digital currencies. But things soon subsided after the split, with btc rising to a September high of $ 4909.11. This was before the spread of China's decisions on the closure of exchange platforms and the prohibition of currency support operations "ICOs".

So, while many were looking forward to much in November when SegWit2x was to split, which could lead to the production of 3 versions of btc , the bitcoin Gold split received less attention. Few have discussed this split, which is due to take place on October 25. So why this division?

The Bitcoin community is looking to completely decentralize the bitcoin network, which is still monopolized by the mining industry and a few miners within the mining community, who now have the majority of the power of al-Hashim. bitcoin Gold is also scheduled to be launched by the split this month, in an attempt to change the bitcoin consensus algorithm, allowing the metal to be mined using GPU. As with the Bitcoin Cash launched this summer, bitcoin Gold will also result in the split, with the launch of the new currency on October 25 before it becomes available on exchanges on November 1. In addition, the possibility of mining using GPUs will allow more metal access to the network and the mining of bitcoin , taking into account some of the strength of the hyssop of the major metals that monopolize the bitcoin market to a large extent.

It is also scheduled to sell 10 of the new currency "bitcoin Gold" versus 1 composition, while there are plans to sell the first currency, but has not yet announced the dates. As with bitcoin Cash, every user who owns bitcoin at the time of division will receive an equal amount of bitcoin Gold associated with their own keys.

How can bitcoin Gold affect bitcoin prices?

Despite the talk of division and the possibility of having 4 versions of bitcoin by the end of the year, the value of bitcoin certainly did not decline as a result of this. But settled above $ 4300 despite China's decision to stop the exchange of plywood and ban ICOs. Where the recovery in a few weeks was very impressive, and if there are any suggestions that the currency of the bitcoin bubble is ready to burst, the same recovery and market ability to overlook China's interventions shows quite the contrary. China's bitcoin investors have found alternative ways to trade in digital currencies. It also appears that the decision by the South Korean Financial Supervisory Board to block fundraising through digital currencies has not had much impact on the recovery of the bitcoin , which has been fueled by an increase in appetite by Japan. This followed the Japanese government's approval of 11 digital exchange platforms, and Japan is now described as the largest trading center for bitcoin.

The split this month is expected to have a limited impact on the value of the bitcoin. While the bitcoin Cash has recovered from its recent decline this summer, it remains unclear about the price of the bitcoin Gold. But it will depend on the number of different versions of the bitcoin that the market can accept, and whether the intentions of bitcoin Gold are real. Within the bitcoin community, there is much internal fighting ahead of the SegWit2x split in November, with the battle raging between SegWit2x supporters and core program sponsors. A group of supporters of the core programs that created a movement known as NO2x has done everything possible to repel support for SegWit2x, and the NO2x has certainly received some support from some of the top figures of the Pitcairn, including one of the leaders of the Pitcairn Gold team, .

On the other hand, the bitcoin Gold is probably just an attempt by NO2x to cut interest in SegWit2x. Given this possibility, a number of issues relating to the bitcoin Gold Project need attention. Including the fact that the team did not test the establishment of the network, which prevents the two minerals from testing the system. The project also implements the same difficulty adjustment for each block in the bitcoin code, with no signs of emergency difficulty modification (EDA). In addition, there is no protection against attack by the bitcoin Gold team who suggested that the site is under development at present. While there are some concerns about the properties of the bitcoin Gold and its lack of detail, the intention to split the central mining industry into decentralized through the use of graphics processing units is something that can be highly supported. In the end, the spirit of bitcoin and other digital currencies, in general, is decentralization ...

The basic unknown developer H4x3 of the bitcoin Gold said that the purpose of this division is to embrace the Satoshi vision of the single CPU, with the current dominance of unacceptable mining for those who understand the importance of decomposition of the protein. H4x3 also added that bitcoin Gold could be seen simply as a repeat of the btc Protocol and a currency distribution that could serve as a backup plan in the event of destruction of the original mining network. Interestingly, H4x3 believes that there is a great deal of support for bitcoin Gold although there is no significant marketing for it. In addition, it is expected that eth will in fact convert their GPUs to the bitcoin Gold mining communities prior to the planned conversion of the eth system from PoW to the less popular PoS . If this is true, the bitcoin Gold is likely to go beyond the bitcoin Cash, although it will need a long list of purchase orders to rank first in the Pitcairn table.

Bitcoin Cash, and then Bitcoin Gold, what then?

With BitcoinGold expected to produce another version of Bitcoin, the markets will look forward to the split that will occur in November "SegWit2x", and whether there is another division of the buccaneer. There are many who are waiting for the SegWit2x split, with analysts expecting digital currency to reach $ 6,000 by the end of the year. These expectations are based on whether the November split will be implemented and to what extent the split will subvert the market. Bitcoin Gold is also expected to be less subdued by the split of the Bitcoin Cash and the SegWit2x split that looms in November. While Bitcoin has strong support at $ 4,000, the question remains whether Bitcoin has really been tested, with the dispute between the two major minerals and developers threatening to disperse the prize away from the Pitcairn.

As for SegWit2x, the issue of division is constantly contending over the proposed increase of mass size. Where SegWit2 supporters are looking to increase by 2 MB to the balkin by a user-activated split (UAHF) which may lead to much talk of division. To date, no major minerals or developers have been surrendered. Until one party decides to reach a settlement solution, the Bitcoin will be divided and the market will be left free to decide which chain will survive. So far, it is still not known what the implications for Pitcairn may have in the near and long term.

Also the most interesting will be the effects that will appear on other digital currencies. As mentioned earlier in the article, ethereal metals are looking to move to the Bitcoin Gold mining complexes in the event of a split, suggesting that the value of the etherium will be under pressure. Bitcoin can continue to upgrade by implementing divisions that may see interest by eroding other digital currencies