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I was a user of Bitcoin for 1 year. I used to collect all the bitcoin that I could manage. But after the increase of bitcon's price I faced many problems that it compelled me to accept BCH for its advantage over BTC.
1.Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.
Bitcoin Average Transaction Fee is at a current level of 13.43, down from 13.84 yesterday and up from 5.294 one year ago. This is a change of -2.98% from yesterday and 153.7% from one year ago.
3.Risk of Unknown Technical Flaws
The Bitcoin system could contain unexploited flaws. As this is a fairly new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying the Bitcoin economy.
4.Security Risk of Bitcoins
Most individuals who own and use Bitcoin have not acquired their tokens through mining operations. Rather, they buy and sell Bitcoin and other digital currencies on any of a number of popular online markets known as Bitcoin exchanges. Bitcoin exchanges are entirely digital and, as with any virtual system, are at risk from hackers, malware, and operational glitches. If a thief gains access to a Bitcoin owner's computer hard drive and steals his private encryption key, he could transfer the stolen Bitcoins to another account. (Users can prevent this only if bitcoins are stored on a computer which is not connected to the internet, or else by choosing to use a paper wallet – printing out the Bitcoin private keys and addresses, and not keeping them on a computer at all.) Hackers can also target Bitcoin exchanges, gaining access to thousands of accounts and digital wallets where bitcoins are stored.
Bitcoin prices are very volatile and increases/decrease at a very high paceRisk and volatility are two elements that pose a big disadvantage to Bitcoin. This is volatile, especially because there is a limited amount of coins and the demand for them that increases with every passing day. However, volatility is expected to decrease as time passes. Given that many companies, media and shopping centers have begun to accept Bitcoin, its price will eventually stabilize. Currently, the Bitcoin price jumps from day to day, especially due to the events associated with digital coins. Bitcoin is still in its infancy, with incomplete but emerging functions.
Why I choose Bitcoincash?
1.It's so simple to use :
The simple cryptocurrency which can be used by everyone/for which you don't need much knowledge is BCH. It is so easy and understandable!!!
2.Cheap Transaction fee: we can send money globally for pennies with bch.Average transaction fee, USD | 0.000012 BCH ($0.014 USD) 0.000000025 BCH/byte
3.Micro Transactions : While some crypto-payments incur relatively high processing fees (Monero averages $2.60, while Bitcoin is closer to $1.20), digital currencies like Tron and ripple carry cost of less than a fraction of a cent, on average, per transaction made.
One currency that’s making strides in dragging decentralized micropayments at a fraction of the cost from the realm of pipe-dreams to reality is BCH.
4.BCH is everywhere:
Bitcoin Cash adoption is growing around the world everyday. You can start your day with BCH and can finish it till night just by using BCH.
5.So fast Transection
I got surprised today after watching so fast Transection of BCH. I joined noise cash site today and posted there. When someone tips me 0.01$ it came to my wallet immediately. I did not find such fast Transection with any other crypto.
I have read several articles and watched many videos about BCH and now I am expressing my first experience with BCH here.
If I made any mistake correct me because I am a newbie on BCH world😊
After knowing about BCH I can feel that our future fully depends on bitcoincash.So there is no way to avoid it.