jerushen naidoo

[Crypto Patel @CryptoPatel]

🌚➡️💀 MOON TO DEAD COIN | Project Review 36: $BTG

Do you know?
$BTG (Bitcoin Gold) rode the 2017 "free Bitcoin fork" gold rush to a TOP-8 rank and an ~$8 BILLION market cap in under 2 months… then hackers literally REWROTE its blockchain and double-spent millions off exchanges. TWICE. Today: down ~99.9%. 😳

The Launch (No ICO, A Fork Airdrop 👇):
▶️ NO ICO, NO public sale: BTG hard-forked from Bitcoin (Nov 2017), airdropping 16.5M BTG 1:1 to $BTC holders
▶️ Created by Jack Liao: CEO of an ASIC-mining company, pitching an "ASIC-resistant, GPU-mineable Bitcoin" (an irony critics never let go)
▶️ Controversy from Day 1: A founders' "premine" of ~100,000 BTG set aside for the team
▶️ Rode "free money from a fork" hype straight into a top-8 rank

Here's the Wild Part 👇
$BTG ATH: ~$539.72 (Dec 2017), ~$8B market cap, 8th-largest crypto, less than 2 months after launch. Pure fork-hype Euphoria.

Then it Got Hunted:
1️⃣ 51% Attack #1 (May 2018): an attacker seized >50% of BTG's hashpower and double-spent 388,000 BTG ($18M), defrauding exchanges (Bittrex, Binance, Bitfinex, Bithumb & more)
→ Bittrex lost ~12,372 BTG, asked BTG to compensate, BTG refused → Bittrex DELISTED it (Sept 2018)
→ BTG changed its mining algorithm to try to become attack-proof
2️⃣ 51% Attack #2 (Jan 2020): it happened AGAIN, deep reorgs, more double-spends hitting Binance. The "fix" didn't fix the real problem: low hashrate.

The core flaw: a small PoW coin has LOW hashpower → renting enough mining power to 51%-attack it is CHEAP. It's a sitting duck, by design.

The Bleed:
→ $474 (Dec 2017) → $109 (end 2017) → $10.35 (end 2018) → $0.80 (TODAY)
→ Lost >98% in just TWO years, and kept bleeding
→ Under 100 active nodes; development slowed to a crawl

Today:
➡️ A low-cap shadow trading a tiny fraction of ATH (verify live, see note), down ~99.9%
➡️ Rank collapsed into the four figures, from TOP-8 to forgotten
➡️ "Bitcoin" in the name, none of Bitcoin's security

Lesson for my CryptoPatel Family:
👉 A FORK of Bitcoin is NOT Bitcoin. "Bitcoin Gold," "Bitcoin _," "the better Bitcoin", the name is MARKETING borrowing Bitcoin's prestige. Almost every 2017 fork coin bled to dust.
👉 SECURITY = Hashpower. A small PoW coin can be 51%-attacked CHEAPLY. If a chain can be rewritten by renting mining power, it's not a safe store of value. Check the hashrate, not just the price.
👉 DELISTINGS are a death sentence. When exchanges lose money to a coin and drop it, liquidity dies. Get out early.
👉 "Free airdrop from a fork" feels like free money but lasting value comes from real security & usage, not a snapshot. Book the fork pump; don't marry the fork coin.

The 2017 fork mania minted a dozen "better Bitcoins." Almost all are dust now. A borrowed name and a free airdrop are not a moat and a chain that got hacked by rented hashpower TWICE isn't an investment, it's a liability.

Not Financial Advice. ALWAYS DYOR.

@bitcoingold

[Klarck @0xklarck]

$BTC

Market is getting extremely close to a key Bull Trap level...

Here's my roadmap:
$65K → $72K → $60K → $55K → $48K

Real market bottom should form within 60-90 days...

Turn notifs on so you don't miss the next market call

[Peak @PeakOneX]

Hopefully, $ASTER will see a 50% rise from here.

[jerushen naidoo @2tilted]

@300_peyton @cryptorover 123

[Captain Pepe 🐸 (0x69) @captainpepe0x69]

$PEPE keeps drawing in believers, numbers don't lie.

[jerushen naidoo @2tilted]

@chu2565 @Morph_ZH

[jerushen naidoo @2tilted]

@chu2565

[jerushen naidoo @2tilted]

1st day back at work n already need an0ther h0liday