Bitcoin Gold Profile

BTG Crypto  USD 31.99  0.12  0.38%   

Performance

9 of 100

 
Weak
 
Strong
OK

Risk Of Devaluation

Less than 30

 
High
 
Low
Below Average
Bitcoin Gold is trading at 31.99 as of the 18th of April 2024, a 0.38 percent up since the beginning of the trading day. Bitcoin Gold has about a 30 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Bitcoin Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of April 2022 and ending today, the 18th of April 2024. Click here to learn more.
Bitcoin Gold is peer-to-peer digital currency powered by the Blockchain technology. More on Bitcoin Gold

Moving together with Bitcoin Crypto Coin

  0.93BTC BitcoinPairCorr
  0.95DOGE DogecoinPairCorr
  0.86BCH Bitcoin CashPairCorr
  0.92LTC LitecoinPairCorr
  0.88ETC Ethereum ClassicPairCorr
  0.95AR ArweavePairCorr

Moving against Bitcoin Crypto Coin

  0.86SIB SIBPairCorr
  0.55CLO CLOPairCorr
  0.54GRIN GRINPairCorr
Bitcoin Gold is an online market maker for p-2-p internet money called Cryptocurrency. Bitcoin Gold has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Bitcoin Gold are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Bitcoin Gold are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Bitcoin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Bitcoin Gold's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Bitcoin Gold or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Business ConcentrationTechnology, Cryptocurrency, Blockchain (View all Sectors)
Bitcoin Gold is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 6 exchanges in multiple currencies. Bitcoin Gold (BTG) is a digital currency that aims to decentralize the process of Bitcoin mining by utilizing GPU hardware, making it more accessible to a wider range of users. BTG is based on the original Bitcoin blockchain but incorporates a different mining algorithm, Equihash, to promote decentralization and prevent the concentration of mining power. BTG was created in 2017 as a fork of Bitcoin, and it maintains similar features such as a limited supply cap of 21 million coins. BTG can be used for peer-to-peer transactions, as well as for mining on GPU hardware to earn rewards for securing the network. BTG aims to provide a more decentralized and democratic approach to mining, empowering individual miners and promoting wider participation in the mining process.
AlgorithmEquihash
Coin TypeBitcoin Gold
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolBTG
Difficulty487,343.6
RatingC-
Market Performance RatingE+
NameBTG
Sponsoredfalse
Block Reward6.25
Asset Whitepaper UrlView
Block Time586
Is Tradingtrue
Algorithm Typeequihash 144_5 (zhash)
Asset Launch Date2017-10-24
Full NameBitcoin Gold (BTG)
Asset Website Urlhttps://bitcoingold.org/
Platform Typeblockchain
Coin NameBitcoin Gold
Total Coins Mined19.54 Million
Bitcoin Gold (BTG) is traded on CRYPTO Exchanges. Bitcoin Gold is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 1.16 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bitcoin Gold's market, we take the total number of its shares issued and multiply it by Bitcoin Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Bitcoin Gold's Exchanges and Markets

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Bitcoin Gold Target Price Odds Analysis

What are Bitcoin Gold's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Bitcoin Gold jumping above the current price in 90 days from now is about 52.81%. The Bitcoin Gold probability density function shows the probability of Bitcoin Gold crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.9747 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Bitcoin Gold will likely underperform. Additionally, bitcoin Gold has an alpha of 0.6247, implying that it can generate a 0.62 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 31.99HorizonTargetOdds Above 31.99
47.11%90 days
 31.99 
52.81%
Based on a normal probability distribution, the odds of Bitcoin Gold to move above the current price in 90 days from now is about 52.81 (This Bitcoin Gold probability density function shows the probability of Bitcoin Crypto Coin to fall within a particular range of prices over 90 days) .

Bitcoin Gold Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bitcoin Gold market risk premium is the additional return an investor will receive from holding Bitcoin Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bitcoin Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Bitcoin Gold's alpha and beta are two of the key measurements used to evaluate Bitcoin Gold's performance over the market, the standard measures of volatility play an important role as well.

Bitcoin Gold Technical Analysis

When it comes to investing in cryptocurrency, such as Bitcoin Gold, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Bitcoin Gold, which is currently traded at 31.99, shows everything you need to know about Bitcoin Gold market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Bitcoin, to determine its price movements. However, the Bitcoin Gold's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Bitcoin Gold's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Bitcoin Gold's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Bitcoin Gold Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Bitcoin Gold price patterns.

Bitcoin Gold Against Markets

Picking the right benchmark for Bitcoin Gold crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bitcoin Gold crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bitcoin Gold is critical whether you are bullish or bearish towards Bitcoin Gold at a given time. Please also check how Bitcoin Gold's historical prices are related to one of the top price index indicators.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Bitcoin Gold without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Bitcoin Gold

You need to understand the risk of getting into digital currencies such as BTG before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Bitcoin Gold in four ways:

Buy BTG through an exchange

Get yourself a crypto wallet before embarking on your Bitcoin Gold journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Bitcoin Gold. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Bitcoin Gold through an exchange

You don't have to buy a full token when starting out since BTG is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Bitcoin Gold through a broker

If you don't want to store your Bitcoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in BTG through an exchange-traded fund (ETF)

You can also invest in BTG through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Bitcoin Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
When determining whether Bitcoin Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bitcoin Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bitcoin Gold Crypto.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin Gold. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Bitcoin Gold information on this page should be used as a complementary analysis to other Bitcoin Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Please note, there is a significant difference between Bitcoin Gold's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Bitcoin Gold value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Bitcoin Gold's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.