BCH questions for the knowledgeable

12 57
Avatar for Nish
Written by
4 years ago
In community: Bitcoin Academy & Tutorials(2ef5)

Hey all!

So I'm basically very new to BCH and I have a few questions that I'd appreciate you answer below.

  1. Is BCH a trusted currency?

  2. Is my assumption that BTC and BCH were made by the same company correct?

  3. Does BCH move as much as BTC?

  4. Why does it seem as though many people doesn't trust BCH?

  5. I have an online store and am thinking of using BCH as a payment method. Will I be able to do this without business registration and is this investment worth it or will I lose a lot of money?

  6. Are there any other ways to earn BCH without paying for it right now?

  7. Is my BCH safe in my bitcoin wallet?

  8. Has anyone personally had their crypto stolen? Were you able to get it back?

  9. I get bored easily when I read so can I access simple visual materials to learn more about BCH? If yes, where.

  10. How can I maximize my earnings on read.cash? I've tried speaking to people to get them on here but it's hard to convince anyone when it comes to crypto.

  11. Has anyone ever lost money to investing in BCH and I don't mean giving it away, I mean like selling when they needed money urgently?

  12. How much do you think BCH would grow by the end of 2020? Any speculations?

  13. Are there any support groups on Facebook who gives out valuable information about crypto? Like maybe so advice or knowledge.

  14. What's the best thing you've done regarding BCH?

  15. Is covid-19 heavily affecting prices of BCH?

I basically want to get into a crypto hardcore but need the motivation and convincing of which one would be best to do so. This doesn't necessarily mean that's I'm going to buy a lot of coins but something I can use in my business and spreading word about.

Thank you all and I apologize if I sound silly or my questions doesn't make sense but I don't know which words to use since I'm fresh into crypto.

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Avatar for Nish
Written by
4 years ago
In community: Bitcoin Academy & Tutorials(2ef5)

Comments

All your questions are positively answered by BCH. Point 10 involves being active on read.cash always. The earning potential is unlimited.

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User's avatar Olad
4 years ago

Clickbate questions. But yes BCH is a fork of BTC. It is a top 10 crypto. You can use it for websites. And yes it is HUGE and one of the top 2 mass adopted coins.

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User's avatar StarLord
4 years ago

How is it clickbait questions? I don't understand

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User's avatar Nish
4 years ago

Hi :)

You can learn Bitcoin Cash in this website

https://tutorial.cash/

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User's avatar sjbuendia
4 years ago

Thank you for the response. I will check it out

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User's avatar Nish
4 years ago

No problem :) enjoy and welcome here

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User's avatar sjbuendia
4 years ago

My answers:

1) yes

2) BTC and BCH are mined by the same miners

3) I suppose you mean the number of transactions. There are even fewer BCH transactions than BTC transactions, but the number of BCH transactions is growing.

4) Because many lies about BCH are spread on the Internet

5) I think it depends on the regulations in your country.

6) https://news.bitcoin.com/earn-bitcoin-cash-income

7) Your BCH is in the blockchain and is safe. You can access your BCH with different wallets. If you use secure wallet your BCHs are secure.

8) If your coins are stolen, you can't get them back.

9) search the internet

10) write interesting articles

11) You can lose money on any crypto if you buy expensive and have to sell cheap.

12) No one can say that

13) no idea. I don't use Facebook

14) no idea. I do not understand the question

15) no idea

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User's avatar Telesfor
4 years ago

Thank you very much for your reply!

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User's avatar Nish
4 years ago

To point 10: They get free money for blogging and curating/commenting this site, there is nothing they can lose. It is also all peer 2 peer, meaning that each cent of your tips received is immediately withdrawable (in fact already in your custody when being tipped). There is no need to be suspicious. If they like to blog and directly get tipped for it, they should be easily convinced. This is their way to 'get into crypto' without risking any money. The best way to get involved in crypto, really. Just earn it.

If you want to 'maximize profits', maybe start with this one: https://read.cash/@Read.Cash/how-to-actually-make-money-blogging-on-readcash-or-anywhere-7fb6d9e8

Maybe it'd be a good idea to understand the boosting system and also the activity points on here. You can read up on all of it by reading the posts of read.cash. Good luck!

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User's avatar Koush
4 years ago

Thank you. I just read your unpublished article and I already understood it. Thank you for answering my questions in a simpler way!

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User's avatar Nish
4 years ago

I have started a response in the comments and couldn't stop writing. So I thought I rather put it in article form. I won't publish it for now and I'm not really done with it, but I thought I share the preview with you to get the very basic of Bitcoin (at least as I understand it) in very simple, non-technical terms.
https://read.cash/@Koush/short-explanation-of-bitcoin-for-nish-f7fecbf3?signature=883b7c532a3214d1917898088fb158cec73f14388d92e7f2374e21d372b7bcf1

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User's avatar Koush
4 years ago

Thank you very much! I appreciate this

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User's avatar Nish
4 years ago
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