Bitcoin Gold Price Prediction 2019-2020: How Not To Miss Golden Trading Opportunities?

Bitcoin Gold Price Prediction 2019-2020: How Not To Miss Golden Trading Opportunities?

Being a hard fork of Bitcoin, Bitcoin Gold was established in 2017 by the creator of Lightning ASIC Jack Lao who said that the main goal of the new crypto-money was to improve the initial protocol. The change should occur through the transition from the usual Bitcoin Gold mining algorithms to mining coins through high-speed graphics processors. The main algorithm was replaced by Equihash. Farm owners could choose the size of the block, set specific mining goals and earn coins to store them in Bitcoin Gold wallet.

The main goal of Bitcoin Gold is to provide the miners with the opportunity to mine electronic currency using a graphics processor instead of ASICs. This method has certain advantages, including:

use of different graphic processing units is allowed;

the range of users who can mine Bitcoin Gold is way wider;

the decrease in the influence of large companies on BTG;

When BTG hit the market in October 2017, it was worth over $400 there was no ICO because BTG could only be mined and bought. The founders organized the pre-mining process, which raised concerns among the crypto community: its not clear how many BTG coins were mined by the team.

The main benefit of Bitcoin Gold is the change in the mining algorithm: Instead of SHA-256, it uses Equihash. This algorithm allows all users with ordinary personal computers (Windows 7 and newer, with 4Gb RAM min.) without overloading them.

Bitcoin Gold has a number of undeniable advantages:

The cryptocurrency has an increased degree of security.

The algorithm allows ordinary users to have access to mining pools only a PC is required.

The BTG network features enhanced code to provide better overall performance.

Theres only one thing that the team needs to address: weak protection against duplication. For this reason, various services confuse Bitcoin Gold with Bitcoin, and as a result, prohibit certain operations.

As for BTG value, the cryptocurrency is mostly interesting for miners. Its value has seriously dropped during the last year, so its not the best option for investment and trading. BTG price today is $10,59, which is 40 times lower than when it was introduced.

As we see on the chart, Bitcoin Gold price did not recover to the previous glorious levels. When it has only entered the market, its cost was around $479 all thanks to descending from Bitcoin blockchain. By the end of 2017, during the mega-bullish period, BTG also skyrocketed to enormous levels ($474), but after a major selloff, it did not restore the value. During 2018, its price plummeted to $267 and lower, falling by 23% and lower overnight. After the serious dropdown, BTG has been trading in the range of $10-25 since the middle of 2018.

What do traders and crypto enthusiasts think about trading opportunities of Bitcoin Gold? Check the technical analysis from TradingView: it reflects the opinion of users:

Although Jack Laos motto Make Bitcoin decentralized again seems to be a great idea, the appearance of Bitcoin Gold has caused mixed feelings among the crypto community. While miners were happy to have the opportunity to mine Bitcoins copy almost without restrictions (especially when BTG coin price was worth $400+), experts expressed doubts in the initiative.

For example, the CEO of Satoshi Labs, Marek Palatinus published a skeptical twit before the appearance of BTG on the market:

Bitcoin Gold promises to decentralize mining by changing PoW. Please remind me, how many companies produce competitive GPU chips?

On the forum , people were discussing why BTG is less popular than BTC. Users came to the conclusion that Bitcoin Gold needs rebranding, and the fall of its price also matters.

Anyway, the miners and crypto community acknowledges the benefits of BTG, and the coin is being gradually introduced on crypto exchanges. Recently, the bank of New Zealand has officially approved BTG as the means of payment. Thats a true victory for the hardfork!

What does it mean that theNewZealandgovernment officially appoves$BTGas money for salary payments? It means adoption has entered a consolidation state where more people & companies start using it due to its solid /3taUrU4da9

It goes without mentioning a growing volume of transactions, which proves a higher rate of adoption:

BitcoinGoldtransactions have been increasing in volume which is a clear indication of adoption. More transactions mean more adoption.$BTGfor everyone & for everything!

The interest to Bitcoin Gold was a bit higher in recent months. Its directly connected with the BTG stock price: the more it costs, the more people it attracts.

When it comes to Bitcoin Gold price predictions, experts dont rush to share their opinions. However, amateur traders make some suggestions:

According to YazanGahnem from TradingView, BTG is trying to break through the downtrend, and if it manages to do it, BTG price prediction is

When it comes to BTG/BTC pair, positive changes can also be expected.AlanMastersclaims that If BTG/BTC pair moves above EMA10 (0.001346), traders can expect 11,400% potential profits to All-Time High (though very unlikely to be hit again). Anyway, RSI is oversold, and there is a strong bullish divergence on MACD, so in the nearest future, the pair can make all-time low.

According to the website, BTG will cost $5 by the end of 2019, and its price will

WalletInvestor also provides pretty pessimistic opinions: its

There are practically no optimistic forecasts for BTG. Probably, such conclusions are based on the current downtrend that has been lasting pretty long.

Judging by various BTG cost predictions, the cryptocurrency is not likely to hit the resistance, so its price canfall to $7-8 by the end of 2019. As for longer projections, we expectBTG price to stay within $10-20 range during 2020.

Buy Bitcoin Gold (BTG) with USD, EURO or GBP online within minutes. Credit cards accepted.

Bitcoin Cash is the most successful fork of Bitcoin (BTC) and one of the most

Can Bitcoin repeat its price peak of winter 2017-2018? A tough question. There are many

In November 2018, almost at the very beginning of its existence, Bitcoin Satoshi Vision (or

Your email address will not be published.Required fields are marked*