Bitcoin Gold (BTG) is the second fork from Bitcoin (i.e. the second version to stem from Bitcoin’s source code). It retains Bitcoin’s transaction history, meaning that if you owned Bitcoin before the fork, you now own the equal amount of Bitcoin Gold. This cryptocurrency aims to introduce an alternative mining algorithm that is less susceptible to ASIC-based optimization, therefore allowing users to earn more with their computer cycles.
Cryptocurrencies allow traders to diversify their investment portfolio, as their price is mainly determined by demand and supply; Their value has a low correlation to national economies or political scenarios. Once Bitcoin surpassed the price of gold in 2017, US markets introduced 2 ETFs on Bitcoin and drew more and more institutional money into the world of cryptocurrencies. In 2017, Indian PM Narendra Modi has announced the gradual replacement of paper currency with electronic currency; In March 2018, the Marshall Islands announced that they would be introducing a cryptocurrency to replace US dollars as their main currency; other central banks are investigating the adoption of blockchain-like technologies… in short cryptocurrencies are probably here to stay. A growing number of crypto investors all over the world have already discovered the benefits:
Cryptocurrency trading allows traders to diversify their investment portfolio, as cryptocurrency price is mainly determined by market sentiment, demand and supply
One collateral result of the current distortion of markets, including of those in Eastern Europe which are flooded with large amounts of liquidity and where low interest rates are applied, is that many peoples started to turn to innovative schemes/platforms to place their money/savings. Moreover, the main cryptocurrency, bitcoin, was in bubble mode during 2017-2018. Its price increased from 700 US dollars at the beginning of 2017 to a peak of 19,666 US dollars, registered on December 17, 2017. It subsequently decreased to around 11,000 US dollars and then increased again to around 15,000 US dollars following severe warnings from regulators (such as China and South Korea) that such levels may not be sustainable and measures will be soon introduced. It is currently in the range of 3,500 – 5,000 US dollars.