HOME WORK TASK WEEK6 @besticofinder-week6 - How To Invest in Cryptocurrencies - A beginners Guide | Steemit Crypto Academy | Lesson 6



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INTRODUCTION

Thanks to you professor @besticofinder for this weeks task. I chose to write on a potential cryptocurrency known as BITCOIN GOLD. upon my research i have realized this is one good potential coin an investor should give a try.
and even as Im writing on this coin it moved from COINMARKETCAP RANK OF 111 to 107 and i wont be surprise that it will be listed among the top 100 coins. i hope it doesn't happen so i wont be disqualified because the range for the was a coin between 100 to 400 on the coinmarketcap.


BITCOIN GOLD ( BTG ) is a cryptocurrency mined on common GPUs instead of specialty ASICs
with (BTC) bitcoin fundamentals. Monopolization of mining happens in ASICSs to a few big players, on the other hand, anyone can mine on GPU which means decentralization and independence is restored.
Mining rewards goes to to members worldwide in the GPU ecosystem instead of ASIC warehouse owners.
Bitcoin uses this method meaning its recreated by BITCOIN GOLD.

ECOSYSTEM OF BITCOIN GOLD/ EXCHANGE PLATFORMS THAT HAVE SHOWN KEEN INTEREST IN BITCOIN GOLD OR
- BINANCE
- COIN BASEBTC
- uphold
- BITHUMB
- BITFINIX
- HitBTC
- Exmo
- Yobit
- Gate.io
- Bitbay
- Huobi
- Cex.io
- Okex
- Unocoin
- Coinone
- Koineks
- Coinfield
- Coindirect
- Zebpay
- Consbit
- Latoken
- Bione
- Folgory
- Bw coinDCX
- VeBITCOIN
- HuobiGlobal
- Wazirx


SWAP SWERVICES INCLUDES
- Changenow
- Changeher
- Simpleswap
- Zwapzone
- Changelly
- Swft
- coinsSwitch

WALLETS

- Core
- electrumG
- trezor
- ledger
- coldlar
- kasse
- keep key
- Kaiser
- Exodus
- Coinomi
- Guarda
- Freewallet
- Edge
- Atomic
- Zelcore
- Evercoin
- Mobi


SERVICES

- BitGo
- Cryptwerk
- bizBlock
- CoinPayments
EXPLORERS
-Tokenview
- Trezor
- Bitcoingoldexplorer

2. Discuss the social reach , project purpose , team , response from the market for the particular project.


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MARKET RESEARCH/SUPPLY

Bitcoin gold is ranked 111 when I first checked on the coinmarketcap but as at now it has been able to climb a step highier into 110 position on the coinmarketcap.
That is a great way to show that this coin has much potentials. And looking at its current value that’s $31.00 - $32.00 it’s a great coin to invest into for long term .
With a live market cap of $57,099,797.00
It could be of great value even within a short time period.
Most watchlist have added BITCOIN GOLD to their portfolio( TOTAL ESTIMATED WATCHLIST -34,929) according to coinmarketcap WATCHLIST CONFIGERATION.

TEAM

Bitcoin Gold Organization is an international team of over 20 people with diverse backgrounds techniques and skills.
It was begun by group of six Co-Founders in the summer of 2017.
The Board of Directors makes strategic decisions in putting BITCOIN GOLD into operation. Team members and Advisors contributes greatly to the development of the coin. The Board of Directors payed the major goals.

PROJECT PURPOSE

The vision of BITCOIN GOLD is to fill the cap and extend the crypto space with a blockchain technology left out in bitcoin.
But without the use of resources like BITCOIN HASHPOWER or vying for the REAL BITCOIN TITLE.
New developments and technologies building on a bitcoin base is warmly welcomed by the bitcoin gold team.
The BITCOIN TEAM also aims at offering coins as easy and familiar implement like bitcoin. New ideas with a view towards creating thriving ecosystem and economy.


SOCIAL REACH

BITCOIN BLACK has reached out millions of individuals with the use of social media platforms in the likes of Twitter, telegram, Facebook etc announcing their great initiative to the world and the feedback was just massive.
Good feed backs and retweet from great giants promoting the currency to the world.
87.2k followers on tweeter, 2,255 tweets to promote the coin.


CONCLUSION

BITCOIN gold is one cryptocurrency that will really fill all the gaps and space left within the the bitcoin suing a new blockchain.
thank you.


Comments 2


Hello @wonderbowy ,
Thank you for submitting homework task 6 ! You have done a fundamental analysis on Bitcoin Gold. You have discussed the project concept , purpose , team social reach. nice work [5]

Thank you

23.03.2021 16:56
0

thank you sir

23.03.2021 17:43
0