Online Bitcoin gold trading Tips for Beginners – Bitcoin Gold (also referred to as Bgold, and trading under the ticker BTG) launched November 12, 2017. Since the Bitcoin blockchain technically forked on Bitcoin block 491407, anyone who held bitcoin (BTC) on October 24, 2017, should have an equivalent amount of BTG attributed to their Bitcoin private keys.
The trading idea is based on a price reversal from the support zone formed by the uptrend line, SMA100 and 300.00 support level. If the market bounces from this zone and breaks the downtrend line, we’ll get a confirmation of further upward movement.
Pending orders for buy can be placed on the local swing high at 322.00 level. Stop orders must be placed at 288.00 level. Profit targets are 380.00 and 410.00 resistance levels. If you don’t use leverage, trading volume for this trade is up to 10% of your deposit.
NOTE: Never invest (trade with) money you can’t afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read the Terms & Conditions. Trade recommendations and analysis are written by analysts which might have different opinions.
Online Bitcoin gold Trading Tips for Beginners – Bitcoin Gold (BTG) Exchange
- You don’t have to do anything if you don’t want to, and there is no rush. If your private keys are secure, your BTG is secure.
- If you want to use your BTG in any way, it’s probably best to first move your BTC to a whole new address that you control, or even to a whole new wallet generated from a new seed. (But don’t lose your old private keys or seed: These still hold your BTG!)
- Once you know what you’re doing, upload your private keys into a Bitcoin Gold wallet, like Coinomi. Then you can keep it, spend it, perhaps send it to an exchange to sell or whatever it is you want to do with your “free money.”
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
How to Create Online Bitcoin gold Wallet
However, i will be taking my time to show you all this in our next tutorial.