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Who’s afraid of Bitcoin Gold?

On November 12, during a tumultuous weekend when Bitcoin saw a challenge thrown down by upstart Bitcoin Cash, another crypto was quietly launched: Bitcoin Gold. Its reception was either ignored or sneered at in the Press. Amidst headlines such as “Bitcoin Gold Fails To Impress Investors” and “Bitcoin Gold Goes Live After Bumpy Blockchain Launch”, it seemed the obituary was already being composed. But should we write off Bitcoin Gold? One of the strangest things for a coin apparently so pointless and doomed was the hostility Bitcoin Gold received in the run-up to its formal issuance, and not just from...

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How can I buy a Bitcoin?

Now that you understand the basics of Bitcoin, the next logical step is to actually get some. But how? This brief guide will teach you all you need to know. At present, Bitcoins are either bought directly from other people through marketplaces, or purchased at a Bitcoin exchange. They can be paid for in a number of ways, from cold, hard cash, to debit and credit cards, to a wire money transfer, and even using other cryptocurrencies. It largely depends on where you live and from whom you’re buying your Bitcoins. How can I buy Bitcoins? Despite the popularity of...

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Trezor wallet integrates Bitcoin Gold

Trezor, the makers of a popular hardware wallet, have revealed that the source code for Bitcoin Gold (BCG) has been publically released and so they will add full support for the new currency in the coming weeks. The Bitcoin Gold hard fork was originally expected to occur late in October, intended to provide a new system where mining is more decentralized across a larger community by closing the gap between GPU, CPU and ASIC miners. The launch of BCG was delayed by many weeks and so the development team struggled to give an exact date for when the hard fork...

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Why is there such demand for Bitcoin?

One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply. It’s reasonable to wonder - as the hard fork between Bitcoin and Bitcoin Cash is solemnised by last weekend’s convulsions - why Bitcoin’s value has kept on rising. There’s been a 23-fold increase in price over last two years - is it over now? Will BCH steal its thunder and leave Bitcoin gasping? Probably not… Of course what has risen is the price; as to the value, that has yet...

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Bitcoin on the up after declines

The last week or so has been a tumultuous one for Bitcoin. According to recent analysis, the price of Bitcoin has always increased substantially after any dips greater than 20%. On average, the currency showed 61.5% gains after each substantial dip. This astounding cycle has led to an increased desire among users to purchase Bitcoin during the lows to receive the gains that are to be had when the currency bounces back. The most recent drop caused by the SegWit2x proposal being put on ice appears to be no different. The price fell by more than 20%, but appears to...

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