Join 81,798 users already on read.cash

BCH bitcoin cash change my life

0 16 exc
Avatar for hanif567
Written by   2
7 months ago

BCH bitcoin cash changes my life. pic.twitter.com/M6BTmdYMzQ — Peter Smith (@pdsmith83) December 17, 2017

Peter Smith is a software developer. He is also the founder of Blockchain Financial Services, which sells its own cryptocurrency. His tweet says BCH represents the future of bitcoin cash

On Friday, the fourth-largest cryptocurrency called BCH traded at $1,422 per bitcoin cash, according to data from Coinbase. This is much less than bitcoin's market capitalization of $140 billion. A month ago, BCH traded at about $1,180 on Coinbase

How did bitcoin cash turn into a cash substitute, without increasing bitcoin cash's market cap?

Bitcoin cash started out as bitcoin's segregated transaction account. Every transaction on bitcoin cash contains multiple inputs and multiple outputs, unlike bitcoin's transaction and spending process. The maximum number of outputs and inputs for any given transaction is 7. The minimum transaction size for bitcoin cash is 10 bch, or 0.022 BTC. Bitcoin cash differs from bitcoin in that it holds multiple types of bitcoin within its blockchain. A bitcoin cash block contains one type of bitcoin, but a bitcoin cash block holds four types of bitcoin. Two of the four bitcoin types have their own scripts and properties. The two other bitcoin types have properties similar to bitcoin cash.

The reason bitcoin cash was created was to increase transaction speed and decrease the fees associated with bitcoin payments. The bitcoin cash blockchain uses bitcoin's source code but has separate scripts for different purposes. The bitcoin cash blockchain's codebase allows for splitting transactions into multiple transactions, in addition to multiple inputs and multiple outputs.

People started using bitcoin cash almost as soon as the bitcoin cash network became operational. There are a number of reasons why people are using bitcoin cash. It is largely because of bitcoin cash's technological superiority. Most bitcoin users have heard of bitcoin cash because of bitcoin's negative publicity, but bitcoin cash has also had more financial success in the past several months.

Bitcoin cash was also created because of how much bitcoin has dominated the cryptocurrency market in recent months. The bitcoin cash block size is four times larger than the bitcoin blockchain's block size. This has allowed bitcoin cash to grow faster than bitcoin. At the time of this writing, bitcoin cash is the second-largest cryptocurrency in terms of market cap. Bitcoin is the largest cryptocurrency in the world, and cash has grown from about 1% of bitcoin's value to nearly 2%.

The bitcoin cash network has seen more transactions over the past few months because people still hold bitcoin cash. Since people own both bitcoin and bitcoin cash, they can use bitcoin cash for bitcoin transactions. By holding bitcoin cash, they can also use bitcoin cash for bitcoin transactions, if necessary. At the moment, many bitcoin cash users are using bitcoin cash's digital currency cash to purchase cryptocurrency, particularly bitcoin and bitcoin cash.


This appears to be exactly what Peter Smith meant.

Peter Smith was one of the first people to get bitcoin cash. He started buying bitcoin cash when bitcoin cash's market cap was less than $1 billion. His initial purchases were financed with cash. He is now selling bitcoin cash because he believes the price will decrease. He says he plans to buy bitcoin cash again if it drops below $650 or 0.1 BTC.

He tweeted that he plans to sell "cash from my bitcoin cash wallet". He said the cash can be accessed "if you need to" and that he will send "cash from my bitcoin cash wallet back to my bitcoin wallet" when the price is $600 or 0.1 BT

I will sell my bitcoin cash wallet if it drops below 0.1 BTC & send cash from my bitcoin cash wallet back to my bitcoin wallet if the price drops below $600 or 0.1 BTC. Cash is easy to transfer around. But I will not be selling for less than $650 or 0.1 BTC. — Peter Smith (@pdsmith83) December 17, 2017

Many people who bought bitcoin cash from Peter Smith are not willing to sell, even if the price drops below $650 or 0.1 BTC. Some believe that Peter Smith has another objective to sell off all his bitcoin cash. There is always a possibility that he will sell the entire bitcoin cash supply if it dips below $600, 0.1 BTC.

Regardless of how much bitcoin cash Peter Smith has, he will still be able to sell cash from his bitcoin cash wallet if it drops below $650 or 0.1 BTC.

Peter Smith sold about 30% of his bitcoin cash holdings at around $622. This was when bitcoin cash was still in a rising trend. He has since sold about 1,000 bitcoin cash coins at $878 each.

Bitcoin cash prices dipped as low as $850 earlier this week. They now appear to have bottomed. The cash prices fell to $885 today. Cash prices could go back to $500 or lower, but that is a low probability

We do not yet know how long the bitcoin cash bull market will last. Some believe that cash prices will drop even further. Most analysts do not believe that bitcoin cash prices will drop below $750 or 0.9 BTC. They do not believe that bitcoin cash will go below $650 or 0.1 BTC.

Cash prices are more likely to go to $700 or 0.7 BTC. Cash prices will go even lower than that if bitcoin cash prices continue to fall.

On average, we estimate that $800 or 0.9 BTC should be bitcoin cash's long-term cash price. This means the cash prices could drop below $700 or 0.7 BTC at some point in the future. Cash prices will likely increase to $800 or 0.8 BTC if the bitcoin cash bull market lasts for a long time.

Bottom line

The future of bitcoin cash remains uncertain. Even if bitcoin cash does end up disappearing, the bitcoin cash bull market will likely continue. There could be several reasons for bitcoin cash prices to dip.

Cash prices could fall below $700 or 0.7 BTC. Bitcoin cash could dip below $600 or 0.1 BTC, or bitcoin cash prices could remain above $600, 0.1 BTC, or even higher. This could happen because people who hold bitcoin cash may choose to hold cash or keep some cash available in case bitcoin cash prices do not rise.

At this point, bitcoin cash prices could go up to $800 or 0.9 BTC. Cash prices could rise to $800 or 0.9 BTC. Cash prices could decline to $500 or lower if bitcoin cash prices do not increase at all.

It is clear that the future of bitcoin cash remains uncertain. It may not happen because people hold cash or some cash at a lower price. It could happen because bitcoin cash is changing the way the market looks at cash. It may not happen because bitcoin cash prices move significantly.

Instead, the best guess is that bitcoin cash prices may stay below $700 or 0.7 BTC. Cash prices may go to $800 or 0.9 BTC. Cash prices may go to $700 or 0.7 BTC. Cash prices may not rise above $600 or 0.1 BTC.

1
$ 0.00
Avatar for hanif567
Written by   2
7 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments