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RE: Bitcoin Gold: What you need to know...
Thanks for a great explanation.
So basically 25 Oct is a start date of a new crypto.
Initial value of new one is approx nothing but owners of current BTC will get equal qty of the new one which hopefully / probably will be worth something down the track. So something for nothing, as long as you own BTC on that date.
I think that explains why everyone maybe is selling other coins & buying BTC at the moment. Hence Steem price is down ATM
Did I get all that correct?
Exactly. Everyone wants to get some BTC now, to get the free BTG later. To do so, they are selling alts to buy BTC, lowering those prices the past few days, and will sell the BTC and buy back the alts after the split.
Right so if my crystal ball is correct, Oct 26, after they get allocations, they will dump BTC and jump back to Alt coins which are relatively undervalued ATM .....and BTC will drop due to the outrush.
If only I had some money to join / play the game :-)
DUMP AND PUMP :)
YES, YOU ARE RIGHT