I’m having Ethereum and I’m thinking of buying BCH with it but not so sure if it’s a good idea. Which is good to hodl??
If you think BCH has good long term potential, then I think now is a very good time to buy as it has heavily dropped in price relative to other cryptos due to recent negative events surrounding the BCH/BSV November chain split.
Please note: most of the BCH reddit community is located in r/btc . If you have questions about BCH, you are most likely to get them answered in r/btc
Posts like this terrify me.
I love BCH, I believe in it, and I own it.
But there are some things folks need to understand.
NOBODY knows if it’s a good time to buy anything.
Anyone who tells you different is lying.
Lots of people make their living pretending to know, but nobody holds them accountable when they’re wrong.
The r/BitcoinCash subreddit is a forum dedicated to discussing the cryptocurrency Bitcoin Cash (BCH). The aim of this subreddit is to cultivate a space for constructive discussion about Bitcoin Cash. Intentionally disruptive behaviour and heavily off-topic discussion will be moderated accordingly. Please refer to the sidebar for the subreddit rules.
Bitcoin Cash is a peer-to-peer electronic cash system. It’s a permissionless, decentralised cryptocurrency that requires no trusted third parties and no central bank. With Bitcoin Cash you can safely and securely send money anywhere in the world, nearly for free.
Yes! In 2017, the Bitcoin project and its community split into two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and BCH.
There is a long standing debate between different factions in the crypto community on the best way to handle certain technical aspects of Bitcoin (BTC). Last year Bitcoin Cash (BCH) was created which is very similar to bitcoin but with the technical changes that were being debated, but this is all besides the point.
Personally, I wouldn’t buy until it corrects some.
I wouldn’t think it’s just going to keep going up with no profit taking.
I think you’re feeling FOMO.
That’s my opinion though – I’m just a guy on reddit
Sure – Buy in now, it will definitely go up! Or down.
Or maybe sideways….
Buy if you believe and promise to USE.
If you’re looking to make money – post elsewhere.
Why doesn’t anyone ask these questions when the price is going down lol….noobs.
Buy when it’s high. Because time after time, majority of the average folks always buy when it’s going up. Economists don’t even know why this occurs, as opposed to purchasing when prices were plummeting and quite stagnant for some time.
We need more mechanisms for directly exchanging labour for crypto (and vice versa)
Businesses should do bitcoin back like businesses that do up to 20 dollars cash back if you use debit.
Let you purchase up to 100 bucks in bitcoin with any purchase when paying cash or using debit. It would give a people a way to buy crypto without having to deal with making their own accounts on exchanges and transfering money into it.
For me, I think it will depend on the volume per 24hrs of each coin.
If BTC will have high volume rate for 24 hrs.
I will buy some And If BCH will have high volume rate for 24 hrs.
I will buy some as well.
Nothing like listening to Internet radio and getting paid to do so. Staking’s just icing on the cake.
Buy 0xBitcoin for some premium copy pasta.
Recently, I have been thinking a lot about cryptocurrencies.
As Satoshi Nakamoto said, “Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.”
When you cut off one head, 2 more will grow in its place. And the BTC vs Bitcoin Cash fork is exactly what happened on 1st Aug 2017. The good news is that Bitcoin Cash has survived and proved its anti-fragility properties. Bitcoin Cash continues its goal as “A Peer-to-Peer Electronic Cash System”, as specified in the original Bitcoin whitepaper. Betting against Bitcoin Cash is like betting against Bitcoin in the early years.
In fact, Bitcoin Cash had made such huge progress in the last 2 years, thanks to the extremely talented developers, that the value proposition of Bitcoin Cash has grown multifold.
In these dark times, with bitcoin cash (BCH) losing value seemingly every time you look at it (current $120), some might question their support or wonder if they made a mistake in choosing bitcoin cash.
It is true that you would have more value in fiat had you never bought and held BCH at any time since the great fork: it’s valued lower than ever before. To add insult to injury, it is also true that bitcoin cash has been losing value faster than competing coins – at least since the fork.
These are my reasons for continuing to support the coin, despite the storm.
FIRSTLY Bitcoin cash is the most usable of all cryptos. Usability is mainly a combination of merchant adoption and transactability (speed and cost). There is no other coin, save BTC, that has a wider level of merchant adoption.
If the community comes to the realization that BTC doesn’t work as a peer 2 peer electronic cash system because of the wait times and high fees. BCH has already solved that problem without having to fork or implement a non functioning upgrade. BCH IS Satoshis vision for what BITCOIN was supposed to be.
That statement alone is an opinion. Centralizing Nodes is not the solution personally but BCH is the NOW and BTC could be LONG TERM FUTURE. BCH is basically a quick fix to transaction times / fees.
Do research bro! But online gambling is going to utilize bitcoin cash so just google that.
I don’t think right now is the proper time. I’ve been buying the dips and selling shortly after for nearly negligible profit because I can’t quite put my finger on the bottom. The volume has dropped off tremendously as well as the network hash rate.
I’ve been using coinbase exclusively to purchase bitcoin over the last couple months and have made some pretty good money buying Bitcoin, but coinbase doesn’t allow me to purchase bitcoin CASH. Where should I go to get Bitcoin Cash? Any good exchanges I should check out?
Today, just now, I broadened my horizon beyond the comfort of Coinbase. I just opened a Bittrex account and learned to move currency from Coinbase to Bittrex, buy altcoins, and have more fun! It wasn’t as painful as I had imagined, albeit scary to transfer currency for the first time. I bought a little Bitcoin Cash (called bcc on Bittrex) and a little Monero.
Nothing earth shattering, but a big step in my learning curve.
(Pats self on back)
I hope you have your coins secured in a good wallet like Ledger Nano S or Trezor.
I sent this to Andreas, not expecting a response, no surprise, I didn’t get one. Hes busy, owes me nothing, and it probably wouldnt be good for him to endorse or bash a particular coin to somebody he doesn’t know at all.
Hello Andreas – I have read your books the internet of money and mastering Bitcoin. I am urologist so I did not follow all of Mastering BTC, but I did get the main points. I have been reading, following, and using BTC for about 9 months now.
Here on Twitter there is so much deception within the community. I have a question and honestly do not know of a good source other than you because people are so attached to their own coin.
Here is my concern/question: I have been primarily investing in and using BTC and think the coin meets your 5 criteria you laid out in the “blockchain or bullshit” talk from South Africa.