Bitcoin Gold (BTG.X)
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Investing in Bitcoin Gold (BTG.X): the bull and the bear case (March 2019)

Rajlaxmi Sahu | 10:11 am ET, 09 Mar 2019

Bitcoin Gold (BTG.X) is trading at $12.92, down -0.23% in the last 24 hours. Bitcoin Gold represents one of many Bitcoin (BTC) hard forks with a clear vision to establish a GPU-focused mining solution that would diminish the level of competitiveness dictated by ASIC miners.

When investing in Bitcoin Gold, these are some frequently asked questions:

  • Is Bitcoin Gold currently a buy or a sell?
  • Should I sell or hold Bitcoin Gold today?
  • Is Bitcoin Gold a good buy/investment opportunity?

Here are the reasons to buy Bitcoin gold (the bull case):

1. Bitcoin Gold is set to restore independence and decentralization by allowing GPU miners to regain dominance over BTG mining pools, while removing competition represented by ASIC miners that use expensive, enterprise-level mining equipment. 

2. Bitcoin, which is developed by an anonymous group, doesn't have its official dev team working on new updates.  This is why some investors look for more actively developed crypto alternatives, including BTC hard forks (Bitcoin Gold, Bitcoin Cash, or the first Bitcoin fork, Litecoin).  

Here are the reasons to sell Bitcoin gold (the bear case):

1. Bitcoin Gold devs pre-mined thousands of Bitcoin Gold units, which deemed them as incompetent.  Additionally, the team showed indecisiveness on whether BTG should be pre-mined or not. 

2. Postponing the release of Bitcoin Gold source code  was heavily criticized in the crypto community.  BTG just like Bitcoin represents an open-source public blockchain network, so investors and crytpo enthusiasts expect to see full transparency of development operations. 

Over the last 30 days, BTG.X gained 22.99%, which is 15.12 percentage points higher than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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