Bitcoincash is the money that nobody can forbid you to give to somebody via sanctions, border controls or banking rules. Bitcoincash is the money that can't be taken away from you by anyone without you cooperating. Bitcoincash is the money that can be moved in billions in seconds for less than one US cent. Bitcoincash is the money that you can hide in your brain. It's said that cryptocurrency can't be printed. forks are the negation. Bitcoin Cash is an prototype of how you could print bitcoin.
Unlike numerous other forks ( even subsequently bitcoin gold), Bitcoin Cash it doesn't look just a jump on the cash register. His creation was guided by the noble ideas of remaining faithful to the presumption and views of the creator of Bitcoin - Satoshi Nakamoto.
This project has a group of genuinely devoted, sometimes radical, confederates who believe that Bitcoin Core should cease to live. According to them, Bitcoin Cash is a real Bitcoin.
It's a means of payment. In this respect he was supposed to be better than Bitcoin, correct his gaps.
How did it work out?
With Bitcoin, you can't sometimes know for sure how much to pay when you want to move Bitcoin. You can't sometimes know for sure how long it's going to take.
The price that you need to pay when you need to move your Bitcoin Cash is always about $0.01 or less. The money arrives instantly, but if you transfer huge amounts of money - you might need to wait anywhere from 10 minutes to an hour to avoid a potential fraud (called "double-spending" - it's very expensive to do after about 10 minutes - see more details here if you are interested).
With Bitcoin, due to the legacy design of the fee structure, you can expect to pay ten to thousand times more to move your money.
In November 2017, the typical transaction fee (cost to move your money) reached $35 (that's just to move your money). That happens always when Bitcoin gets attention. Also, the waiting times for your transaction to be processed can be up to two weeks in Bitcoin sometimes. You can't predict when. There are none of those problems with Bitcoin Cash.
At the peak of popularity in December 2018 Bitcoin has processed 490 thousands transactions in a single day and was fully congested (transactions taking weeks to finish, fee to move your money: $35+). Bitcoin Cash run a test in September 2018, where it has processed 2.1 million transactions and was not congested at any moment (transactions taking seconds to finish, fee to move your money: $0.01 or less).
BCH is better than BTC. This is the reason why BCH is going to take over BTC in the coming years. It’s obvious, BTC needs the added storage capacity for larger transactions and they aren’t even trying to do it. BCH on the other hand is actively searching and implementing key methods to increase transaction speeds, which is basically the whole point of crypto in the first place. BCH is also implementing privacy into their platform, so they’re even moving into a new nice market. Get ready to watch BCH pull what it did in 2017, a rapid 5x from here.
Fran April 14, 2019
Bitcoin has stopped its technological advancement. Many new features that are available in Bitcoin Cash (such as privacy technologies CashShuffle and CashFusion, which bitcoin.com) required changes called "hard forks" that Bitcoin agreed to never do anymore. Therefore, Bitcoin doesn't have many of the things that make Bitcoin Cash great and doesn't even plan to implement it.
Bitcoin Cash is apace now than Bitcoin but there are much double-quick cryptocurrencies for paying. The costs of BCH transfers are much lower than in the case of Bitcoin, but they do exist currencies with free transfers. BCH won't be paid in too numerous places, and the average day-to-day number of deals performed using BCH is half lower than in the case of verily litecoin (people are even more willing to use it dogecoin than Bitcoin Cash).
We see Bitcoin Cash as a hedge (a protection) against a catastrophic collapse of national currencies and national banking systems around the World, just like what happened in 2008. This has a very high chance of happening again ...and soon.
We didn't have Bitcoin Cash in 2008, so we don't know what would have happened. However, the common sense tells us that if one money can be created on a whim (national currencies) or is currently going through hyperinflation (where the prices might double or triple daily) and the other money is created slowly without creating inflation, people would flock to the second form of money immediately.
It might just so happen that after a major failure nobody would even want to leave the Bitcoin Cash and convert back, thereby creating a new economy. In that case, any people who had Bitcoin Cash before the collapse might become very rich💚☘️. It will also mean that all the prices are going to be in Bitcoin Cash, thereby making exchange rate obsolete.👌
BCH is the ultimate hedge for BTC. Forget ETH, LTC and XRP as a hedge because BCH has Bitcoin in its name, and that’s all that matters. If you’re ahead of the curve, you’d have already bought as much BCH as you can. BCH always pumps before a BTC pump or pumps after a BTC pump. This is a historical fact, and you can easily view charts to see how accurate this statement is.
Paul April 28, 2019
Where, besides, is the high capitalization of Bitcoin Cash?
Probably thanks to faithful followers, investors, millionaires, who heralded that they change their Bitcoins to BCH, as well as the recent upward surge, to which they tried to connect multiple investors who caught the so - called. FOMO ( fear of missing out - fear of what's bypassed us).
At the moment, BCH sound to be the best investment. In the long term, I consider it a risky investment. There's no revolutionary future-testament answer behind it, and the value in use is genuinely limited.
Among old users, faithful to ideas, there's a great sentiment for this currency because it supports the concept of decentralization and has a name in it Bitcoin not Litecoin or Dogecoin. The name is the main asset of Bitcoin Cash cryptocurrency who won't let her die so smoothly and give her some benefit in the fight for mass adoption as the payment medium.
Hopefully, after reading this, you now understand a bit about Bitcoin Cash and think it's revolutionary and brings you back the freedoms you should have had from the beginning. The freedom to use your money however you want.
Everybody should have at least some small amount of Bitcoin Cash.💚
I saw your link in one of my first articles thank you I didn't review your reply until today, better late than never I guess