On this chart we see all trade history BTG/USD on Bitfinex. After huge falling movement Bitcoin_Gold is in big flat zone from June 2018. This flat looks like accumulation of positions. We saw double volume squeeze On September, bigger then avarage Volume indicator, but without price changes. Then we need to look on BTG/USD Long positions amount: There we see the strong accumulation of Long positions on Bitfinex from 17 August. What is it? Why Long positions did not decrease even where all crypto market was under stresses? Maybe it is the next manipulation by Bitfinex as ETP? There are many questions which I haven't answer but one thing I know - BTG expects some movement, strong movement..
So, I am considering BTGUSD as good Long position for long-term. It is a risky deal but we may see a huge pump!
Pay attention for this coin, guys and do not forget about risk management.
Not exactly a risky deal, the team is real, the miners are grouping tight against the ASICs, BTG was the FIRST to fork to a new algorithm to circumvent the ASIC mining and the hash attacks on Eq200_9. The miners all turned and looked at BTG as their favorite mining coin difficulty rocketed because of the ASIC's, in particular, ETH and ZCash. BTG development is high end, taking all the best ideas from this space and integrating them. BTG reaches consensus without bickering, propaganda or FUD. BTG actively promotes decentralization through GPU mining and even pool hash distribution. Public faces are Jack Liao, Ed Iskra and lead developer, H4x from Korea.
There's something serious going on here, the longs are a clue. This project has great potential, that has been scoped already and the team is just getting started as we just passed the 1 year anniversary of this forks existence.
ruraldisturbance
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@ruraldisturbance, The long positions still remain stable after a BTC dump to $3100 and a new BTG ATL inside $9.
There's something serious going on here, the longs are a clue. This project has great potential, that has been scoped already and the team is just getting started as we just passed the 1 year anniversary of this forks existence.