Today we will talk to you about a coin that appeared recently as a result of the Bitcoin split. Bitcoin Cash ... It is noteworthy that it has different tickers on different exchanges, of course it is used as BCC and BCH ... The Bitcoin chain split around 3 pm on August 2 and then Bitcoin Cash appeared. Not everyone immediately started trading after the currency was added to the exchanges and it began to rise, at this point it reached about 45% of the value of Bitcoin, after which it began to fall. Many, including me, thought it would end growth and lead to long-term stagnation. Nevertheless, as the facilitators paid active attention to Bitcoin cash and began to pump it, the pump continues to this day. I have a set of rules that I adhere to and this does not include accepting currencies that have just been added to exchanges, because it is rather difficult to predict what will happen to them. Yet, at the explicit pump of this currency, I did not miss the opportunity to make some money. So, let's figure out what kind of animal we are and what can be expected from it.
History of the rise of Bitcoin Cash
Bitcoin cash was morally outdated and a serious update was needed for this development that appeared as a result of the controversy caused. The block size of 1 MB has become inadequate for fast and stable network operation. Transactions were slow to confirm and fees increased significantly. This could have continued further, but fortunately for the future of the first cryptocurrency and its holders, the mastodons of this business began to stir and take active action until the positions of Bitcoin were hit very hard.
Most market participants support the option of leaving the old bitcoin chain and gradually making smooth changes to it. However, some of the participants insisted on drastic changes, such as the allocation of a new cryptocurrency, including a stiff fork and the resulting 8-megabyte block.
Bitcoin Cash (BCH) price estimate
Latest Update 2017-12-20 ... The balance of power is changing. The active public relations of the currency, the huge pumps make it clear that no one has taken a serious bet on it. Probably not in vain, because now it has no problem with transaction speed and high fees. And unresolved issues with bandwidth and expensive digital gold transactions are now in the hands of Bitcoin cash. Moreover, in order to pump cash to its capital with a high percentage price level, much less money is needed than needed in classic bitcoin, so cash now creates very bright prospects for big speculators who have their hands in this cash growth. The success of the fork will largely depend on the failure of the "grandfather", whether the Bitcoin Core team will be able to quickly implement the necessary secure and effective solution for scaling.
A precise relationship between the classic Bitcoin and the new currency is now being identified, as investors are moving from Bitcoin to the new currency at the moment. However, I don’t think that when Bitcoin corrects seriously, its younger brother will continue to grow. And in the end, all the players go back to the cue ball by deciding the cash gain.
So, my personal opinion is that this currency is not safe to enter in the medium and long term now. After the hype ends, the price can easily drop 10 times from the current level. This coin is not a bitcoin killer, just another fork. Moreover, from a technical point of view it still looks very unnecessary, as only 1 megabyte out of the declared 8 megabytes per block is still used. Therefore, we have come to the conclusion that the pace of transactions has not increased. At the same time, digging a new cryptocurrency is several times slower so, there is no objective reason for growth.
Bitcoin cash cryptocurrency price dynamics
You have to understand that the current rise of the currency is pure speculation. The development ceiling has already been marked, about half the value of Bitcoin, but I doubt the currency will reach this level. The facilitators want to sell this coin at a higher price, so they create an artificial hype around it. However, it should be borne in mind that these practitioners include a large number of exchanges, mining pools, in general, players who have a large amount of currency. Therefore, it would not be very predictable. I remind you that the bitcoin cash issue will be equal to 21 million coins and 16 million of which are already in the hands of users, of which the lion’s share is you need to create enough market depth to extract the big players and more expensive coins. It still works. While at the pump, the coin is undoubtedly interesting, saying you can make money in course races.
How to buy bitcoin cash (BCH)?
If you see the growth potential of this currency or want to speculate about it, you can buy it. We will consider traditionally how to buy bitcoin cash per ruble, dollar, euro, rivenia, in general, for the general fiat currency. To do this, we need to register with the Exmo Exchange ()
1. Go to the official website of the exchange this link \ u003e u003e
2. Enter your e-mail and click the "Register" button.
3. You will receive an email with an activation link to verify your account:
4. Next, enter your personal account. The next step in registration is to finance your account. Let's imagine you have no cryptocurrency, and no electronic money, then you need to register in a payment system:
Provider (), Perfect Money (), AdCash (), Yandex Money, OK, capitalist. I recommend AdCash, a very convenient payment system. However you can choose one with less commission to deposit on XM Exchange. Fees are constantly changing, so see the truth. If there are currently large commissions to replenish an account with the Exchange's personal account, use the method to replenish an account using the EX-CODE described
Important update! Now Bitcoin Cash (BCH) can be purchased directly on the XM Exchange, added to the cryptocurrency list since November 21, 2017. So, we select it in the "Trades" section. If you have replenished the account in dollars, select the BCH / USD pair in rubles, then BCH / RUB:
Consider a pair with a dollar for example. Click on it, go to the window to order and buy in the market. To do this, enter the amount of cryptocurrency and set the desired price. If you want to execute the order immediately, set the price slightly above the market average:
After clicking the "Buy BCH" button, the system will automatically unload the required number of sales orders and your coins will appear in the Wallet section. You can withdraw them from the system at any time or leave them on the exchange. In this case, be sure to enable 2 FA in the settings.
The second way for those who want to buy lots of coins
This method describes the way to buy Bitcoin on the Exmo Exchange with further transfers to the Esho Exchange. Binance () where a large amount of BCH can be bought and sold. This import is great for people with large deposits.
So, after you finance the account, we need to buy bitcoins. To do this, we select a suitable trading pair depending on which account you have used funds in your account. For example, for the dollar, it is a BTC / USD pair.
To buy at the current market price, you need to buy a counter order to sell the currency. That is, those who are selling bitcoin at the moment. Buy just as many orders as you want to buy Bitcoin.
Bit. After you buy Bitcoins, they will appear in the "Wallet" tab. Now we need to withdraw them from Exo Exchange and transfer them to Format Exchange, where we need Trading Pairs, here it is indicated BCC / BTC. , This is why we bought bitcoins at XMO for Fiat money.
A. A window opens, filling in the withdrawal amount and the address of your Bitcoin wallet:
So, we register for binance (office site), in principle there is nothing complicated, if you have any questions, you can read the overview of the exchange with detailed instructions on how to register. To replenish your account, you need to select the item in the top menu of your personal account on the Exchange, as shown in the image below:
After opening the list of cryptocurrencies, we find the bitcoin and click on the "Deposit" button instead. A window opens with a unique deposit address where you need to transfer the bitcoins to deposit the balance. After two confirmations on the network, Bitcoins will be credited to your account and you can start trading. We again select the "Shopping Center" item in the top menu - go to the "Main" tab and open the trading interface:
On the right, select the BCC / BTC trading pair:
Just below the cryptocurrency chart, we create an order to buy coins. We enter quantity, desired price or buy immediately at current market price:
After the order is executed, the coins are credited to your balance. You can save these directly or withdraw them at any time. If you actively plan to trade in the cryptocurrency market and benefit from the huge volatility of the cryptocurrency. It is definitely better to keep funds in exchange. But don't forget to enable double-digit authentication to keep your account secure
Old information
. To find the desired wallet address, we need to register on the Beatrix Exchange. Go to the official website of the exchange https://bittrex.com, scroll down a bit and press the "Start Now" button. The exchange does not support Russian.
To keep your account on top, go to the Wallet section:
Now we are on the page with wallet and balance. In exchange we need to get our personal wallet, click on the plus sign in front of bitcoin and create an address. We will withdraw bitcoins from XMO Exchange at this address.
Next, we need to look for the BCC / BTC currency pair. To view all trading pairs, click on the name of the exchange and go to the main page. All trading pairs are there, if you can't find what you're looking for, there's a search box on the right.
We need the trading pair:
We work in the same way as Exo Exchange. We buy and sell the necessary orders. Or we set the desired price, volume and wait until our order is executed, meaning players will sell our crypt. Once the order is executed, it will appear on our (now) BCC Wallet tab. Now we can leave them on the exchange or withdraw them to our wallet.
Friends are all like that. In this article, we have analyzed BCH cryptocurrency with you, as well as how to buy it. I hope you enjoyed the article, I would recommend your attention to articles about promising cryptocurrencies such as:,, I will regularly post information here about promising cryptocurrencies and other effective ways to make money and invest profitably. Everyone benefits!
To successfully use the possibilities of cryptocurrency, you need to learn what bitcoin cash is. Bitcoin, familiar to miners, split into two currencies on August 1, 2017. One of them is Bitcoin Cash (BCH). On the first day, the amount of capital was 7 billion, which ranked third among the existing cryptocurrencies in terms of the amount of money traded. Today, transactions in these virtual currencies are by five of the 20 largest exchanges
Thanks for Reading.....
@TheRandomRewarder Thank you for Tips...
@SofiaCBCH@tula_s Please inspire me sir....
Very helpful article...