a potential rebound. It may not be a usable framework in all future poder del bitcoin chain split situations, but it works for this one. To reiterate what we wrote then: The BTC balance and trading activity you see on Gemini will likely reflect the chain with the greater total difficulty. So you will get the same amount of Bitcoin Gold (BTG) as you have had in BTC on the day of the Bitcoin blockchain snapshot being taken. This community-activated hard fork of BTC will result in the new asset becoming available for the owners of Bitcoin that hold their Bitcoins on October 25th where the snapshot of the Bitcoin will be taken as a base. We will make every effort to support withdrawals of the chain with less total difficulty, if it ends up having a significant amount of hash power, exchange volume, or economic value. Another factor we have to also look at is alt-coins to help us deciding whether the Bitcoin will drop and how far, another way to do this is by looking at alt-coins. We will then work to support withdrawals on the chain with less cumulative difficulty if it ends up having a significant amount of hash power, exchange volume, or economic value, and possibly even open new order books. Dollar (USD) and ether (ETH) deposits and withdrawals will be unaffected. Many saw the initial sell off as inevitable as from mid July the Bitcoin surged from 2,161 to 2,777, with a slight dip seeming likely. Before we answer this question, we have to observe the fact that their is a large cloud of uncertainty that hangs over the Bitcoin Gold, with a lot of work being done behind closed doors and limited detail that has been so far released, traders.
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While we fully appreciate that some may disagree and have differing viewpoints on the naming of a given fork, we have yet to come across another framework that achieves the qualities mentioned above. All signs point to the upcoming hard sell bitcoin for euro fork not having the same consensus with regard to naming. Do note that the team has already warned that Bitcoin Gold (BTG) aka Bgold, the upcoming community-activated hard fork of Bitcoin, is not associated with (XBG) btcgold as apparently some people might mistake the two. There is technically no way we could support Bitcoin Gold at this point, even if we wanted. As the hard fork approaches many are left wondering what impact it will have on the Bitcoin, either long term or short term? If Bitcoin Gold ever becomes a viable cryptocurrency, we might consider offering Bitcoin Gold withdrawal capabilities, similar to what weve done for Bitcoin Cash (BCH) and Ethereum Classic (ETC). As essentially in many traders eyes, Bitcoin cash, Gold, Segwit2x are all seen as alt-coins by many investors despite their names. The more interesting aspect of this new fork however is that it is not another Bitcoin Cash type of fork that essentially uses the same kind of PoW as Bitcoin and can be mined with asics only, instead the BTG fork will use Equihash.
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