What is Bitcoincash? Why it was evolved?

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Avatar for Hamzaashraf
2 years ago

Bitcoin Cash is peer-to-peer digital currency or a world wide network that allows you to send money/assets all over the world. Bitcoincash is ranked 13th by Market Cap according to CoinGecko. The best thing about Bitcoincash is you don't have to ask permission to buy, hold or sell Bitcoincash. There is no central authority that controls its price, demand or supply but only the people or the market controls the price. There is no involvement of authorities such as banks, bureaucrats or other government officials.

Why Bitcoincash was evolved?

Bitcoin Cash is a fork of Bitcoin that came in 2017. Bitcoin Cash was created to accommodate a larger block size as compared to Bitcoin, because transactions in bitcoin take more time and costs much but Bitcoin Cash was able to allow more transactions into a single block. Bitcoin and Bitcoin Cash has the similarity that both have capped their supply at 21 million.

Bitcoin Cash was evolved seeing the need of future because for lower amount of transactions Bitcoin was taking alot of fee like taking fee of 50$ for transaction of 20$ worth Bitcoin. The origin of Bitcoin Cash was to make the transaction fee lower and to increase the block size to make more transactions in a second.

Bitcoin Cash is able process cheap transactions with fee as low as few cents. You can exchange your Bitcoin Cash anytime into your local currency. The demand for Bitcoin Cash has been highly increased in the year 2021 because of the undeniable benefits. The price of Bitcoin Cash is increasing day by day, and every crypto enthusiast think that it is the right time to invest in BCH to earn reasonable amount of profits in future.

How to earn Bitcoin Cash?

There are alot of ways to earn Bitcoin Cash and also there are platforms that rewards you with Bitcoin Cash.

  • Write articles and earn Bitcoin Cash

    Read.Cash, Noise.cash are the publishing platforms where you earn Bitcoin Cash in tips from users and random rewarder for your content who read your blogs or articles.

  • Play Games and earn Bitcoin Cash

    There are games that you can play and in return you get some Bitcoin Cash. You just have to play and in return you are rewarded Bitcoin Cash and you can get instant withdrawals.

What is the future and price prediction of Bitcoin Cash?

Bitcoin Cash has a bright future because it has alot of potential. In 2017, its price crossed 3200$ we can't say well about it's price because it is the market that decides it price. Bitcoin Cash price was dropped after the fall in Bitcoin price in 2018. In the year 2021, Bitcoin Cash started to rise again from 400$ and it crossed 1600$ in the second week of 2021 but its price reduced to 500$ because of the market crash due China's new policy related to Bitcoin mining but Bitcoin Cash continued to keep moving forward and maintained its price to 700$ and in the coming days it will cross 1500$ again as it has started recovering again.

Image created on Canva

What you can do for Bitcoin Cash as a user?

To increase adoption of Bitcoin Cash you can go for marketing of it. The marketing in crypto industry is as much important as it is in any other industries.

We can do marketing of BitcoinCash by doing the following things:

🔸 We can do marketing by making posts about Bitcoin Cash adoption by highlighting the main features and benefits of it on different social media such as Facebook, Twitter, Reddit etc.

🔸 By joining crypto communities on social medias and participating in discussions and then after getting attention of people we can introduce them with BitcoinCash,the origin of Bitcoin Cash, its benefits, its future, and other interesting information.

🔸 The best source of Marketing for it is to share your success story of Bitcoin Cash stating how you earned profit from BitcoinCash by writing your story on different content writing platforms i.e Reddit, Uptrennd and also by sharing it with people face to face.

Image source: Freepik

How i get to know about Bitcoin Cash?

I get to know about Bitcoin Cash from Noise.cash ~ a social media on which you get tips from users on your posts in Bitcoin Cash. I have earned 0.20 Bitcoin Cash from Noise.cash.

Do you want to know more about Noise.cash?

Noisecash is a social platform created for the soul purpose of Bitcoin Cash adoption. The platform provides you space to show your creativity, express your thoughts and share knowledge and in return you get sponsored with tips in Bitcoin Cash. I don't consider noisecash just an earning platform, Noisecash is my life I consider it more of a learning platform. On Noisecash, you meet people from all over the world, you get to know the culture and ideas of people all over the world. You get alot of knowledge about crypto, there are alot of communities you can choose to read according to yout interest.

My Experience with Bitcoin Cash

My experience with Bitcoin Cash is always fantastic. I always prefer BCH to withdraw my assets from exchanges because BCH takes lowest fee then any other to withdraw or transfer. After earning Bitcoin Cash, i have converted some into fiat but later after getting knowledge about crypto i became more interested in investing in it rather to convert my Bitcoin Cash into fiat. I have bought 0.10 Bitcoin Cash with the price of 500$ and sold them at 1500$ and that way i earned alot of profit.

If you want to know anything else about Bitcoin Cash, ask in comments i would love to answer.

2
$ 0.10
$ 0.10 from @Roojoroojay
Avatar for Hamzaashraf
2 years ago

Comments

Welcome Hamza on readcash, yup bitcoincash is the different and amazing cryptocurrency with less transaction fee. I think its evolved for the peeps of readcash and noisecash, so that we earned it easily 🤭

$ 0.05
2 years ago

Thank you Arooj. Bitcoin Cash is better than other crypto and have alot of potential. Bitcoin Cash has a bright future.

$ 0.00
2 years ago