Bitcoin Gold Profile

BTG
 Crypto
  

USD 28.68  0.02  0.07%   

Market Performance
8 of 100
Odds Of Distress
Less than 44
Bitcoin Gold is trading at 28.68 as of the 19th of August 2022, a -0.07 percent down since the beginning of the trading day. Bitcoin Gold has about a 44 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 20th of June 2022 and ending today, the 19th of August 2022. 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 Gold

0.72ETHEthereumPairCorr
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 trading with a bearish 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 Gold 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. 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.
Bitcoin Gold is way too risky over 90 days horizon
Bitcoin Gold appears to be risky and price may revert if volatility continues

Bitcoin Gold's Exchanges and Markets

Bit2C IQFinex Binance Braziliex Korbit Bleutrade Bithumb LBank Nuex HitBTC Bitfinex Yobit BitBay Kucoin Exmo DSX Graviex Coinone P2PB2B BigONE
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 20 exchanges in multiple currencies. BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again - restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.
AlgorithmEquihash
Coin TypeBitcoin Gold
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolBTG
Difficulty119,869.17
NameBTG
Sponsoredfalse
Block Reward6.25
Block Time597
Is Tradingtrue
Algorithm Typeequihash_144_5_zhash
Net Hashes Per Second1.61 Million
Asset Launch Date2017-10-25
Full NameBitcoin Gold (BTG)
Asset Website Urlhttps://bitcoingold.org/
Block Number747,860
Platform Typeblockchain
Coin NameBitcoin Gold
Total Coins Mined19.11 Million
Bitcoin Gold (BTG) is traded on CRYPTO Exchange. Bitcoin Gold is peer-to-peer digital currency powered by the Blockchain technology.

Bitcoin Gold Target Price Odds Analysis

What are Bitcoin Gold's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Bitcoin Gold jumping above the current price in 90 days from now is about 10.05%. 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 1.3063 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, the company has an alpha of 0.8702, implying that it can generate a 0.87 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 28.68HorizonTargetOdds Above 28.68
89.91%90 days
 28.68 
10.05%
Based on a normal probability distribution, the odds of Bitcoin Gold to move above the current price in 90 days from now is about 10.05 (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 is peer-to-peer digital currency powered by the Blockchain technology.

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 28.68, 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.

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.

Did you try this?

Run Probability Of Bankruptcy Now

   

Probability Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years
All  Next Launch Module

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  
Continue to Trending Equities. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for Bitcoin Crypto Coin

When running Bitcoin Gold price analysis, check to measure Bitcoin Gold's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Bitcoin Gold is operating at the current time. Most of Bitcoin Gold's value examination focuses on studying past and present price actions to predict the probability of Bitcoin Gold's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Bitcoin Gold's coin price. Additionally, you may evaluate how adding Bitcoin Gold to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go