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January 8, 2019 21: 30 & nbspUTC
| updated:
January 8, 2019 at 22: 30 & nbspUTC
If you've read our Bitcoin Gold beginner's guide, you're wondering if you have enough reason to buy Bitcoin Gold, (BTG) in this new year.
This very extended period of a continuous bear market has, in all probability, prevented many investors from investing in cryptocurrencies at all. In addition, Bitcoin Gold is probably an altcoin that does not attract as much attention as its forked brothers from the Bitcoin blockchain.
You can also read: Best Altcoins to invest in 2019
However, many factors contribute to making a choice about investing in any type of digital assets, and here are 10 reasons why you can consider investing in BTG an asset in 2019.
1. It is supported by Bitcoin
Bitcoin, as we all know, is the largest cryptocurrency by market capitalization, which is also the most acceptable and widely used. Being a fork of Bitcoin ensures that Bitcoin Gold can keep Bitcoin's legacy while improving its drawbacks.
2. Supply
The maximum BTG bid is limited to 21,000,000.
According to CoinMarketCap, at the time of printing, the circulating currency supply was 17.413.924 BTG. Be able to keeping BTG's money under control is a good thing because cResources with uncontrolled supply, in the long run, will not be able to function effectively as "money", since digital resources must be scarce to do so.
3. Mining decentralization
The centralization of mining among specialized and expensive ASIC hardware operators has one of the most central criticisms of bitcoins in recent years.
By offering ordinary users the ability to extract BTGs with GPUs, coin developers are well positioned to achieve their goal of "making decentralized bitcoin again".
4. Lightning network integration.
This is designed to allow almost immediate payments and reduced tariffs through dedicated side channels, as well as to allow a much larger number of transactions between large entities at minimal cost.
5.Transparency:
The Bitcoin Gold network is a fork of the Bitcoin network, which is known to be the most secure and transparent blockchain.
Starting in October, in 2017, BTG has built other small forks to ensure that the network remains one of the safest and one of the most transparent.
You can also read: The 50 richest Bitcoin Gold addresses
6. Scalability
That Bitcoin Gold is scalable, it is understandable that, only months ago, it traded at much higher rates than it is now, and this volatility was a fairly common event from which it always seems to recover.
7. Accessibility
In mid-January 2018, just two months after its launch, Bitcoin Gold was listed on 46 markets in 26 markets and was also supported by the ShapeShift and Changelly exchange platforms. This availability makes it easy to access a wide range of buyers and also increases its credibility in the public eye.
8. Wide distribution
All those who held bitcoins before the fork received BTG with a ratio of 1: 1.
This distribution among the community of cryptocurrencies may be considered an effort to increase the chances that Bitcoin Gold will achieve widespread adoption.
9. Security
Reproductive protection protects users from malicious attacks by preventing the reproduction of transactions and loss of funds by making transactions on one chain invalid on others. The deviation in the total amount of hash power is prevented by the difficulty adjustment algorithm that protects against large hash power swings. Bitcoin Gold has also changed the format of its addresses to avoid confusion with the Bitcoin address in order to prevent the unintentional transfer of Bitcoin to a Bitcoin Gold address and the consequent loss of coins.
10. Current price
The cryptography market is going through a tremendous bearish phase now, and with asset prices lowering each week, Bitcoin Gold has not been different. At the time of printing, it had been trading at 13.56 USD. Bitcoin Gold is one of the most affected digital assets, the current value of the BTG currency is far from its value as of 2018, but the purchase and HODLing Bitcoin Gold (BTG) can now prove to be very profitable in the future when cryptography the market resumed its upward trend and Bitcoin Gold (BTG) rises in value.
That the crypto market is recovering is a fact, and if this guide helps you, you may also want to take a look at our article on Pros and cons of Bitcoin Gold, before going ahead with this investment.
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Rishma Banerjee
Rishma is currently pursuing a degree in International Relations and has a special place in her life to sift through all sorts of random curios, thank you very much.
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