Bitcoin traders list

Still, it’s safe to say there’s disagreement so far. In interview, analysts expressed a reservation about bitcoin gold, both when speaking about its developer team, and when characterizing the protocol’s potential market opportunity. Safiri Felix, a researcher at financial publisher Empiricus, for example, believes that while bitcoin gold is likely to encourage others to clone bitcoin’s blockchain, and thus bitcoin traders list on the potential to appeal to its expansive user base, he sees this trajectory as limited.

I think that forks and airdrops as a trend to launch new tokens , aiming to get an instant user base. Best case scenario, bitcoin gold is a potential contender for litecoin. 43 percent of BCH and 2 percent of BTC. As such, it seems unlikely to surpass the value of those currencies in the immediate future. Likewise, exchange interest also seems subdued. Developer concerns Of course, the biggest question mark for those surveyed was whether the tokens will actually be delivered by those behind the project. Already controversial is that the team behind bitcoin gold intends to set aside a certain amount of the cryptocurrency to fund its future development, as part of what’s called a “pre-mine.

Indeed, Felix was quick to note that the bitcoin gold team has no existing track record in the industry. It’s natural to dismiss their ability to deliver quality code,” he said. Long-time industry entrepreneur and director of business and community at cryptocurrency wallet provider Jaxx, Charlie Shrem, also cited the decision to set aside funds as a suspicious one, though not one that inherently denotes any wrongdoing. Overall, his remarks pointed to the idea that the low price of bitcoin gold as compared to bitcoin and bitcoin cash may be reflective of the possibility the funds never actually arrive.

Long-term potential As for what that means for those considering how to handle their holdings, it’s worth noting that such market shifts are common when it comes to the price determination of a new asset. But, it’s still the question of the protocol’s ultimate value proposition that seems most pertinent. Shrem went so far as to forecast that it’s possible bitcoin gold could inspire cryptocurrency hobbyists to begin securing the protocol with older mining equipment, and that this could possibly jumpstart value creation, potentially leading to utility. Of course, others were more outright dismissive. Tim Enneking, managing director at hedge fund Crypto Asset Management, believes bitcoin gold proves fork currencies will likely have diminishing returns from here on out.

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