Goxed? Store value BETTER with BCH Bull!
The Mt. Gox saga finally comes to a close as Bitcoiners who held coins on the exchange 10 years ago begin to receive their payouts. Mt. Gox collapsed in 2014, long before Bitcoin split into BCH and BTC, so payouts to creditors will include equal amounts of the two coins.
Since the split, the narratives around each coin have diverged dramatically. How will those narratives affect the decisions of OG Bitcoin holders who have the opportunity to trade one for the other?
While BTC has shifted to being marketed as a “store of value”, its short term price volatility suggests the opposite.
And with minimal smart transaction features, BTC’s Decentralized Finance capabilities are extremely limited.
Bitcoin Cash, on the other hand, has upgraded its protocol in several innovative ways, making advanced DeFi products possible on the base layer. With derivatives products from BCH Bull, you can stabilize the value of your BCH holdings relative to US Dollars, Gold, and other assets, even BTC! That means you could hypothetically save in terms of BTC without ever touching the BTC blockchain.
If you’re getting 1 BTC from the Mt Gox settlement, and you want to make sure you have exactly 1 BTC worth of assets at some point in the future, just trade for BCH and create a hedge on BCH Bull. You’ll get 1 BTC worth of Bitcoin Cash when the contract settles, no matter how the prices move in the meantime, without needing to worry about how high fees will be when you want to move it.
Meanwhile, real businesses around the world are using BCH Bull to stabilize the value of their Bitcoin Cash holdings in terms of assets like the US Dollar, the Euro, gold, and silver.
You can also go long or short Bitcoin Cash with leverage against our supported assets. All Bitcoin Maximalists are cordially invited to visit BCHBear.com to short the BCH/BTC pair!
As long as you’re using Bitcoin Cash to do it, that’s bullish.
You just need a Bitcoin Cash wallet, you can swap BTC to BCH using SideShift right from the BCH Bull interface.
General Protocols Blog
This article forms part of the General Protocols Blog, a collection of cross-platform links showcasing our team's community activity, Bitcoin Cash projects, UTXO development, and general crypto musings.
