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Bitcoin Gold plunges to more than 5% by the time Bitcoin Gold enters the market

Bitcoin Gold was born on Tuesday on the occasion of a new iteration of the original Bitcoin Blockchain. This fork comes less than three months after the controversial Bitcoin Cash fork and its effects.

It should be noted that the use of the word "fork" is done lightly. As Bitcoin Gold has virtually no chance of replacing Bitcoin on the market, it is more of a fall in air than a chain division. Bitcoin Gold

Bitcoin Gold is "an adjustment" of the Bitcoin Blockchain that claims to try to make mining accessible again. all people. Miners and large mining companies and pools have likely annexed this aspect of the cryptocurrency market, and some have even proposed the Bitcoin Gold solution

"This is what will be needed to make the 39, a fair mining operation accessible to the public, again, "said Robert Khune, strategist at the Bitcoin Gold Project." A successful fork will prove that Bitcoin still has the ability to evade all potential manufacturers of equipment. "abusive mining", which he blamed for "slowing down unnecessarily" this year.

Why the slowdown?

Bitcoin fell 4.4 percent to $ 5,652 at 8:55 am in New York Wednesday, reducing a 5.9 percent drop Cryptocurrency is still up 36% this month and nearly six times this year

"The recent slowdown in Bitcoin was provoked by anticipating there are merchants of minor disarray as a result of the hard forks coming ". Thomas Glucksmann, Hong Kong-based marketing director at the Gatecoin Cryptocurrency Exchange. "The Bitcoin trading community and portfolio has been divided on their decisions to support or reject these difficult ranges."

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Many also speculate that Bitcoin rallies at this range because there is an opportunity to double. Holders of Bitcoin would also be credited with equal amounts of Bitcoin Gold. However, few exchanges offered support for Bitcoin Gold.

Other divisions on the way

Other divisions may be imminent. One faction of the community wants to increase the size of Bitcoin blocks to shorten transaction times, while another is opposed. The first phase of this plan, called SegWit2x, was implemented in August and removed part of the data from the main network.

Again, this new band meets more opposition than the BitMEX cryptocurrency trading platform to unload SegWit2x Bitcoins "immediately" after the hard end of November – by tagging them "ShitCoin2x . "