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'Not a cheaper Bitcoin' — Bitcoin Gold soars 173% as traders may be buying the wrong BTG

Published 04/09/2021, 03:54 AM
Updated 04/09/2021, 05:40 AM
'Not a cheaper Bitcoin' — Bitcoin Gold soars 173% as traders may be buying the wrong BTG

A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week — simply because traders are buying the wrong altcoin.

Bitcoin Gold (BTG), a relic from the 2017 forking season, traded at $113 on April 9 — the highest price since February 2018 — after 30% daily gains as trading volumes topped $250 million.

BTG/USD 1-hour candle chart (Binance). Source: Tradingview

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I bought some because it has potential. Its a clone of btc but asic mining resistant meaning its way more eco friendly and spread out. I did see the article your talking about but i read it and also figured out had nothing too do with btg.
I bought in btg because it is an exact clone of btc but asic resistant = more power efficient mining its eco friendly compared too old btc.
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