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My Thoughts On BCH

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Avatar for Trisha
Written by   32
2 years ago

Hello everyone today I'm going to discuss with you about BCH. @Arnavaria arrange a contest on BCH writing.

What is BCH?

The full meaning of BCH is Bitcoin Cash.

What does Bitcoin cash mean?

Bitcoin cash is a cryptocurrency created in August 2017, from fork of Bitcoin. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed.The most significant changes from Bitcoin to Bitcoin Cash is the size of the coin.

Does Bitcoin cash make u rich?

Depends on your investment and level after which you consider one to be very rich. To gain substantial profit from bitcoins investment, invest considerable amount and then leave it for many months and let the price increase, after around 5 to 7 years you'll definitely get many times of your investment.

How do u get Bitcoin Cash?

There are several easy ways to get Bitcoin Cash.If you have a Bitcoinwallet balance from before August 1 2017 you can recover a corresponding amount of BCH from within your wallet.If you don't have Bitcoin from before the fork, you can turn your BTC into BCH with ShapeShift integration.

If you don't have the BitPay or Copay Wallet, you can purchase BCH on an exchange like Coinbase and then send it to a BCH wallet. Check out our video showing how to do that with BTC. The process is similar with BCH.

Where can I use Bitcoin Cash?

You can use Bitcoin Cash for payments with BitPay's consumer products, and you can use Bitcoin Cash to pay for things with most BitPay merchants.

Is BCH a good investment?

Bitcoin Cash has a much larger block transaction limit size than the original Bitcoin, and it is able to process many more transactions per second as well. Investing in BCH in the long-term is still a good option, though, because typically, BCH price follows BTC price.

What will Bitcoin cash be worth in 2020?

According to the forecast, Bitcoin Cash will reach $181 at the end of 2019. At the beginning of 2020, BCH will be about $200 and by the end of the year, the price will be about $256. In January 2021, Bitcoin Cash is expected to cost about $260 and by the end of 2021, it will be $380.

Can you lose money on Bitcoin?

There's no physical money attached to a cryptocurrency, so there are no coins or notes, only a digital record of the transaction. ... So, if you're looking to buy or invest in Bitcoin or other types of cryptocurrency, you'll have limited legal protection and a high risk of losing some or all of your capital.

Thanks for reading my post and supporting me.

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Avatar for Trisha
Written by   32
2 years ago
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Comments

Thanks dear lovely & cuty friend

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2 years ago

Your welcome 😘

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2 years ago

Nice writinga bout BCH

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2 years ago

Thanks alot kaniz

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2 years ago