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What do you think of Bitcoin Cash (BCH)?

matt9005

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Bitcoin Cash (BCH) is a fork of Bitcoin that appeared in August 2017. Its advocates describe it as the "real future of Bitcoin", claiming that the current BTC coin is obsolete and can't be used properly. Let's compare the two coins below.

No. of transactions processed per second:
BTC: Limited to 7 transactions per second
BCH: Can handle more than 100 transactions per second.

BTC: 0
BCH: 1

Transaction fees:
BTC: $3-4 USD
BCH: $0.0012 USD

BTC:0
BCH:2

Transaction time:
BTC: Hours, up to days in some cases.
BCH: 10 minutes or less.

BTC: 0
BCH:3

That's why I personally believe that Bitcoin has become obsolete as a currency and is more like of an asset for "hodling". Who in their right mind would make payments with a currency that takes hours to go through? That's why I believe BCH will replace BTC one day.
 
Although part of what made love bch more is the transactionary charges , the fees and the flexibility and ways the transaction is been run , this actually boost my interest In. using the coin for trades and others
 
A decentralized currency powered by a nblockchain called Bitcoin Cash enables transactions between peers without the requirement of any centralized intermediary. However, Bitcoin Cash differs from Bitcoin in some technological ways, including higher block sizes and an alternative consensus algorithm m.
 
I personally like Bitcoin Cash even if it is a fork of Bitcoin, it is a fast currency, scarce and with very small commissions, it is perfect for making transactions between peers at a low cost, it has a good community behind that supports the currency and is quite used in reality, in the BMF forum it is the cryptocurrency with which users are paid, that also indicates that the forum administrator knows that it has low transaction costs and is very good for payments.
 
$185 Level Trading
Bitcoincash is registering only a small increase in its price, for some time now it is standing stable at $185 and day traders are definitely trying to take advantage of this slight increase.
 
Bitcoin Cash (BCH) is a fork of Bitcoin that appeared in August 2017. Its advocates describe it as the "real future of Bitcoin", claiming that the current BTC coin is obsolete and can't be used properly. Let's compare the two coins below.

No. of transactions processed per second:
BTC: Limited to 7 transactions per second
BCH: Can handle more than 100 transactions per second.

BTC: 0
BCH: 1

Transaction fees:
BTC: $3-4 USD
BCH: $0.0012 USD

BTC:0
BCH:2

Transaction time:
BTC: Hours, up to days in some cases.
BCH: 10 minutes or less.

BTC: 0
BCH:3

That's why I personally believe that Bitcoin has become obsolete as a currency and is more like of an asset for "hodling". Who in their right mind would make payments with a currency that takes hours to go through? That's why I believe BCH will replace BTC one day.
Actually, I would not say that BCH will replace BTC someday but a lot of us prefer BCH mainly because of the transaction fees. If I want to send crypto from one wallet to another, I exchange it to BCH before I send it
 
Trading
Currently at $191, BCH has gained the 190 level as nearly stable, but for less and sell for high. However, most of the time traders are not feeling if they should invest, just in 24 hours it was dropped more than 1%
 
There are good arguments on both sides of this debate. On one hand, BCH does process payments more quickly and cheaply than BTC currently can. But it's also true that most of the hash power and developers are focused on Bitcoin's roadmap now. As an investor, I don't have a strong view on which coin will win out long term but for now I'm keeping a small stake in both and seeing how their respective ecosystems evolve.
 
NYDFS greenlist has no effect
Two days ago, New York DFS removed 2 dozen tokens from its green list, BCH was also included in them. But till now its removal from that list has not had any impact on it.
 
When you compare the two cryptos as a payment option, there is no doubt that Bitcoin Cash beats Bitcoin down with a mile gap. No one can offer to pay me Bitcoin for me to accept. I would gladly want to receive payments in Bitcoin Cash.
 
I received Bitcoin cash Worth $5 and swapped it to Litecoin and the funds became $4.7. I swapped it back to BCH the following day and the funds turned to 4.9. I think after Ethereum, BCH follows among the cryptos that have massive potentials for the future.
 
Halving is Today
Bitcoin Cash halving is today (April 3) in just few hours. Miners, Hodlers, and Traders all are keeping track on halving time. BCH value also crossed $600, and ranking at #14 at Coin market cap..
 
I have used Bitcoin Cash several times especially for receiving my online income such as from BMF and casino forum. It is one of the best coins for transaction as it has low transaction fees. During that time when BTC had high fees, many people opted for BCH.
 
At a point though, I started having issues with Bitcoin cash because it started giving me some dust error to transfer but all that is settled now as I transfer without stress. Let's hope to see it reap the benefits of halving and still boost up.
 

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