Join 66,806 users and earn money for participation

What effect does the Bitcoin Cash split have on the BCH price?

18 44 exc boost
Avatar for BiG_BaG
Written by   18
7 months ago

there is a party represented by the Bitcoin Cash ABC group who want to deduct 8% of the mining profits and direct them to develop the network, and another party, the Bitcoin Node or what BCHN stands for, wants things to remain as they are and opposes the idea of ​​BCHA.

The impact of the Bitcoin Cash split on the BCH price:

Bitcoin Cash split yesterday into two forks as a result of the disagreement that we referred to, which negatively affected the BCH currency and made it lose 5% of its value, as the price of Bitcoin Cash decreased from $ 255 to $ 240, to rise again towards the level of $ 245 at the time of writing this article.

The split is not very popular with Bitcoin Cash users, especially miners who fear diminishing profits and worry that this will destroy the decentralizing spirit of society.

Many trading platforms and major cryptocurrency companies attended themselves to face this split. Coinbase, for example, announced a temporary suspension of BCH withdrawals and deposits, in order to clarify the currency's future.

The decline in Bitcoin Cash coincided with record hikes in both Bitcoin and Ethereum.

9
$ 0.10
$ 0.09 from @TheRandomRewarder
$ 0.01 from @AA-Admiral
Avatar for BiG_BaG
Written by   18
7 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Bitcoin is so usefull thing. I always use it. I like it so much.

$ 0.00
7 months ago

Bitcoin value increases every day

$ 0.00
7 months ago

Bitcoin Cash price today is $247.00 with a 24-hour trading volume of $1,782,841,255. BCH price is down -2.9% in the last 24 hours.

$ 0.00
7 months ago

even though the price dropped a bit due to uncertainty,📉 as we can see the price is up again as we can see, users of BCH have held steady📈 - ⚓😅👍

$ 0.00
7 months ago

But i think the price will get back to normal when things get done but let's wait and see

$ 0.00
7 months ago

Insightful and. Enlightening

$ 0.00
7 months ago

The fork has not really reduce the price as only a small percentage vote goes for BCHA and larger goes for BCHN

$ 0.00
7 months ago

Maybe so true

$ 0.00
7 months ago

Wow, this is a great information, at first, I thought the split will bring a great reduction to BCHN

$ 0.00
7 months ago

Yes it's true 😊

$ 0.00
7 months ago

It was good to know the information

$ 0.00
7 months ago

You welcome

$ 0.00
7 months ago

Same to you my friend ♥️💖💗

$ 0.00
7 months ago

Thanks To you

$ 0.00
7 months ago

The price is over $250 again.

$ 0.00
7 months ago

Yes i see that

$ 0.00
7 months ago