Bitcoin cash BCH

[Neuro]

This one was forked out of BTC a couple of months ago. If you have old BTC's lying around in cold storage you also have these and you may not even be aware of it...

I have put everything that was recovered from the destruction of BTC-e and became wex.nz into this coin. I think it has great potential for the future! :)

Charts etc. at the link:
https://www.tradingview.com/chart/BCHUSD/B01usLss-BCH-Coexistence-in-The-Crypto-Space-With-BTC-Patience/
BCH (BCC') continues to be a dark horse in this space. Was not to long ago we mentioned this was the real McCoy. Of course it's not what we say It's what the market says. Well the market seems to be speaking to us. Of all the major coins out there BTC', DASH' (DASH' one of my top two coins), ETH' LTC' and I'll even throw in there ZEC' and XMR' (which I honestly missed the boat on), Bitcoing Cash has out performed them all. To put it in perspective less than a month ago BCH', DASH', ETH' were all trading at $300. But none have performed the way BCH' has. Now the first spike you could say, goldie that's just news and FOMO'. Your right it could have been, but when my buddy that has been mining and code writing since bitcoin' began I put a lot in to what he says fundamentally. I did some research on my own and I was sold on buying this coin. Then we had the run up and subsequent pullback to $900 we heard the ohhh it was pump and dump, Roger Ver manipulation yada yada yada. Well are you kidding me. Has ETH' or DASH' even come close? NO! Not even when it pulled back, and now BCH' corrected nicely consolidated, and is poised for another run.

Patience Pays Off Always! We sometimes lose our virtue of patience as we are looking to make a quick buck. Ohh VTC' is running let me sell and add there, ohh Power' is running let me sell and add there. This in and out of the market will make you miss out on great run ups like the 30% run up we had today on BCH'. Yes crytpos run fast but we must have patience and allow for our investments to cycle through the spikes. This is critical! During times of solid consolidation, like we recently had (labeled in the lower green box) this is NOT the time to get bored and move to the next hot coin. It's time to add a little to our core position, or have cash ready to add on a breakout, and we certainly received one this morning.

We posted this chart over about a week ago with the consolidation channel. You know I love consolidation channels! Yesterday we got a breakout and after retesting the channel (throwback) we surged higher. A nice strong surge and we are now consolidating around the 1.618 extension of wave 2. It does not get any more text book then this. Now will we get a pullback? Likely as this is normal as traders sell the fibb level and late comers think ohhh no I'm going to lose my ASSets! But I do not think we get much of one and I will add around the $1500 level for the v wave to level 3! This is as textbook as it gets period. Especially since if we get a pullback to $1500 (wave iv) the 2.618 extension is right in line with the 2.618 extension of wave 2. When the stars align your ship is on course. Remember I mentioned wave 3's are the ones you want to be all in on. We complete wave 3 of the mid cycle, it would be highly probable we are in wave III' of the longer term. I want to be all in!

The market is telling us that BCH' is the real deal!! And this is a coin I will continue adding to the long term portfolio as we get pullbacks, consolidation and reach new levels. If you added a trade on the breakout, nothing wrong with taking some off the table. Nobody ever lost money taking a profit.

Even if BTC' does not pullback as expected BCH' could eventually challenge it for price! When Vitalik comes out and says BCH' is a contender, people listen. Forget the noise however, the market is telling us the story and giving us our direction!

In closing I want to wish everyone a Blessed Thanks Giving, even if you are not in the United States, may you have a blessed day and weekend!

[Neuro]

It's a bitch!

[Ares]

I have put everything that was recovered from the destruction of BTC-e and became wex.nz into this coin. I think it has great potential for the future!

I sweeped my Bitcoin Cash, but I put everything into WAVES. That I believe will be the Ethereum side chain. They just completed testing WAVES-NG (Next generation) allowing thousands of transactions per minute. When ICO's get released on the WAVES platform they won't choke it like with Ethereum.

Bitcoin Cash is an altcoin. It only pumped when Roger Ver dumped a lot of his massive BTC holdings into BCH because he was pissed that SigWitx2 was cancelled. Block size is not a fix, that's what the Core development team has been attempting to tell everyone (including miners) that increasing the block size is only a temporary solution. If BCH had the transaction volume that BTC does, they would also have unconfirmed transactions even with an 8MB block size.

When / If BTC core fixes the transaction backlog BCH will drop in value significantly. So I wouldn't put too much into Bitcoin Cash.

Just my humble opinion.

[Neuro]

I sweeped my Bitcoin Cash, but I put everything into WAVES. That I believe will be the Ethereum side chain. They just completed testing WAVES-NG (Next generation) allowing thousands of transactions per minute. When ICO's get released on the WAVES platform they won't choke it like with Ethereum.

Bitcoin Cash is an altcoin. It only pumped with Roger Ver dumped a lot of his massive BTC holdings into BCH because he was pissed that SigWitx2 was cancelled. Block size is not a fix, that's what the Core development team has been attempting to tell everyone (including miners) that increasing the block size is only a temporary solution. If BCH had the transaction volume that BTC does, they would also have unconfirmed transactions even with an 8MB block size.

When / If BTC core fixes the transaction backlog BCH will drop in value significantly. So I wouldn't put too much into Bitcoin Cash.

Just my humble opinion.

I don't think that bitcoin holders are particularly interested in a change as long as it is increasing in value, and eventually the backlog issue would be significant enough, overshadowing the goodwill value that has sprinted bitcoin to the stratosphere, and as bitcoin drops, bitcoin cash will surge, recently they have been going opposite ways.

Further the hype I am seeing at the trollbox re BCH is similar to the hype I saw re ETH in spring early summer which propelled it from $20 to $400. Is it the perfect coin? Probably not, but right now it looks the best...

[Ares]

I don't think that bitcoin holders are particularly interested in a change as long as it is increasing in value, and eventually the backlog issue would be significant enough, overshadowing the goodwill value that has sprinted bitcoin to the stratosphere, and as bitcoin drops, bitcoin cash will surge, recently they have been going opposite ways.

Further the hype I am seeing at the trollbox re BCH is similar to the hype I saw re ETH in spring early summer which propelled it from $20 to $400. Is it the perfect coin? Probably not, but right now it looks the best...

I think if BTC Core takes another look at Bitcoin-NG (This is where WAVES-NG got the idea from) and if they decide to implement it, any of the BTC copycats will pretty much be finished.

https://github.com/bellaj/Blockchain/blob/master/Bitcoin-NG%20A%20Scalable%20Blockchain%20Protocol.pdf

Bitcoin-NG allows for micro-transactions between block time generation. Core has some options, but they keep dragging their feet. I understand the rational for forking the chain creating Bitcoin Cash / Bitcoin Gold etc, but they are kick the can endeavors and not real solutions. I guess that's just my nature, I don't like short sighted options and prefer long term sustainable solutions.

Check out the WAVES platform, you can earn interest on your coins by leasing them to "mining pools". Waves uses PoS instead of PoW, so you still need nodes to confirm transactions, but allows for much better throughput.

It's like Sasha (Waves creator) looked at Ethereum and improved upon the design 10-fold. It also has it's own decentralized exchange built into the wallet. Your coins never leave your wallet until you make a trade. Making issues like what happened with btc-e, mt.gox a non-issue.

[Neuro]

I like what you are saying. Where can I find waves? What's it's market cap?

[Ares]

I like what you are saying. Where can I find waves? What's it's market cap?

Website for Waves platform - https://wavesplatform.com/

Waves marketcap ($523 million at present) https://coinmarketcap.com/currencies/waves/

You can buy Waves directly by sending Bitcoin into the Waves wallet and going to the DEX (Decentralized Exchange) and buying WAVES there. It's a much cheaper fee than a centralized Exchange. Trading fee's on any currency within the DEX at any amount is a straight 0.003 Waves (USD 0.01) Yes 1 penny to execute a trade on an Exchange where your coins can never be stolen due to an Exchange hack. :)

They are also working on adding more currency pairs. Once you Lease your coins (they never leave your wallet either, you just lease it to a pool and they become unavailable, and you can cancel the lease at anytime to make your coins available.) You also get in on airdrops of other coins that are introduced on the WAVES platform, so it's definitely got a lot going for it.

Their wallet is a Chrome add-in, so having Google Chome is kind of a requirement unfortunately. I noticed that too with Ledger (hardware wallet). So I guess that's where things are going in the crypto space.

Waves twitter feed which they update pretty regularly with things they are working on as well as giving updates on the projects road map.

https://twitter.com/wavesplatform?lang=en

[Neuro]

Just a few questions I saw there was exactly 100 million waves in circulation, does that mean, that there is no mining to generate coins? All of them started of belonging to the creators? How many are still in the hands of the creators in that case? Could they create more?

[Ares]

Just a few questions I saw there was exactly 100 million waves in circulation, does that mean, that there is no mining to generate coins?

Correct, they use PoS (Proof of Stake) instead of PoW (Proof of Work).


All of them started of belonging to the creators? How many are still in the hands of the creators in that case? Could they create more?

They cannot create more that I am aware of. Even Ethereum is planning on capping Ether at 100 million tokens, and Sasha modeled Waves after Ethereum, just improved upon it. Ethereum is still trying to figure out how to switch from PoW to PoS where no more coin generation will take place.

WAVES ICO STRUCTURE AND TIMELINE
Waves ICO will commence on April 12, 2016 and end on May 31, 2016
The total tokens supply stands at 100 milllion.
15 million tokens are reserved for bounties and the development team in the following proportions:
- 1 million tokens will be distributed to early supporters. Please check additional details below.
- 1 million tokens are reserved for post-ICO bounties.
- 4 million tokens are reserved for strategical partners and backers
- 9 million tokens are withheld by the development team.
The remaining 85 million tokens will be distributed in lCO procedure to participating users based on their contribution in the total amount of the raised funds. The sale procedure will be taking place at a special crowdsale website.

https://medium.com/@wavesplatform/waves-ico-structure-and-timeline-aa2f7ceca43e

WAVES is already partnered with Deloitte to assist in ICO's: https://www2.deloitte.com/ru/en/pages/about-deloitte/press-releases/2017/Deloitte-i-platforma-Waves-izmenjat-budushhee-blokchejna.html

Waves is also partnered with Microsoft:

https://azure.microsoft.com/en-us/blog/waves-platform-azure-blockchain/

[optionT]

I sweeped my Bitcoin Cash, but I put everything into WAVES. That I believe will be the Ethereum side chain. They just completed testing WAVES-NG (Next generation) allowing thousands of transactions per minute. When ICO's get released on the WAVES platform they won't choke it like with Ethereum.

Bitcoin Cash is an altcoin. It only pumped when Roger Ver dumped a lot of his massive BTC holdings into BCH because he was pissed that SigWitx2 was cancelled. Block size is not a fix, that's what the Core development team has been attempting to tell everyone (including miners) that increasing the block size is only a temporary solution. If BCH had the transaction volume that BTC does, they would also have unconfirmed transactions even with an 8MB block size.

When / If BTC core fixes the transaction backlog BCH will drop in value significantly. So I wouldn't put too much into Bitcoin Cash.

Just my humble opinion.



Hey Ares, I have bitcoin on a paper wallet, whats the easiest and safest way to extract the bcash from it?
Thanks!

[madfranks]

Hey Ares, I have bitcoin on a paper wallet, whats the easiest and safest way to extract the bcash from it?
Thanks!
Just download a BCash wallet and redeem the BTC paper wallet to the BCash wallet. You’ll still be able to redeem the original BTC at a later time if desired, because it’s on a different chain.

[optionT]

Just download a BCash wallet and redeem the BTC paper wallet to the BCash wallet. You’ll still be able to redeem the original BTC at a later time if desired, because it’s on a different chain.

Do you know which bcash wallet is recommended and is safe? Would I have to expose my private keys?

[Ares]

Hey Ares, I have bitcoin on a paper wallet, whats the easiest and safest way to extract the bcash from it?
Thanks!

Depends on how you want to do it? There is the Bitcoin Cash wallet, the downside is you would have to download the entire Bitcoin Cash blockchain (about 145GB at the moment).

You can use a Web wallet, or you can use the method I used which was with my smartphone using the Coinomi wallet.

https://coinomi.com/

Keep in mind that you are putting your recovery phrase, private key into another client. So for safety reasons move the coins to a different paper wallet to ensure that they stay safe. Coinomi has good reviews and is a safe wallet, but I like to lean on the side of safety and if I use a recovery phrase in another wallet I consider that wallet to be compromised and I move my assets to a new wallet with a new private key / recovery phrase BEFORE attempting to sweep my forked Bitcoin assets.

That saved me with the Bitcoin Gold fork, the fucking idiot devs put a wallet on their site that was compromised and the wallet provider (he hacked the github code to send the recovery phrases back to him) and stole 3.3 million worth of Bitcoin. I used that wallet, but I moved my BTC to a new wallet before I put the recovery phrase into the compromised Bitcoin Gold wallet.

https://news.bitcoin.com/bitcoin-gold-wallet-stole-private-keys-scooped-3-3-million/

So I would strongly suggest doing that, just in case.

[optionT]

So I transfer the entirety of my bitcoins from the paper wallet to another paper wallet. Then I use the original paper wallets private keys to access bcash? Also, I dont have an android. I did find that https://electroncash.org/? has been used often, are you familiar with that one?

Edit to add: What about the bitcoin gold? Would that get affected by importing the private key to get the bcash?

[Ares]

So I transfer the entirety of my bitcoins from the paper wallet to another paper wallet. Then I use the original paper wallets private keys to access bcash? Also, I dont have an android. I did find that https://electroncash.org/? has been used often, are you familiar with that one?

Edit to add: What about the bitcoin gold? Would that get affected by importing the private key to get the bcash?

Yeah you can use electron cash. Once you move your primary Bitcoin assests to a new wallet with a new private key, you can do what you want with your forked assets. But move and or exchange them as soon as possible, just in case the wallet is compromised.

[Neuro]

Edit to add: What about the bitcoin gold?
Well that worthless pos shitcoin you can just throw away, or you can send it to me and I dispose of it environmentally in a special mineshaft safe for future generations!

[optionT]

Yeah you can use electron cash. Once you move your primary Bitcoin assests to a new wallet with a new private key, you can do what you want with your forked assets. But move and or exchange them as soon as possible, just in case the wallet is compromised.

Thanks for your help Ares!

Ill keep that in mind Neuro, haha!

[Ares]

Thanks for your help Ares!

Ill keep that in mind Neuro, haha!

No problem, forgot to say that Bitcoin Gold would not be affected. You can use the same Recovery passphrase / Private key for both. I can't stress enough to move your BTC holdings to a new wallet first though. :)

[optionT]

With the bitcoin being on a paper wallet, Im running into some difficulty going from paper wallet to paper wallet. What are your thoughts about transferring the bitcoin from the paper wallet to electrum? Followed by transferring it again to a paper wallet. Safety wise, is the process relatively safe?

Also, what are your thoughts on a paper wallet vs a hardware wallet like ledger? Both are cold storage, is one considered more safe?

Thanks!

[Ares]

With the bitcoin being on a paper wallet, Im running into some difficulty going from paper wallet to paper wallet. What are your thoughts about transferring the bitcoin from the paper wallet to electrum? Followed by transferring it again to a paper wallet. Safety wise, is the process relatively safe?

Also, what are your thoughts on a paper wallet vs a hardware wallet like ledger? Both are cold storage, is one considered more safe?

Thanks!

I love ledger, and is what I ended up moving my crypto assets to. They also are pretty prompt in developing a Bitcoin fork wallet to allow you to sweep your Bitcoin forked assets without the risk of exposing your private key to a third party wallet.

I would go that route, it's easy to use and just requires you having to plug in your hardware wallet via USB in order to access your wallet.

[AndreaGail]

BCH is now listed on the new release of coinbase. Within minutes it shot up from around 2k to 8500 before it was halted / the app crashed. Lots of “suspicious” or interesting to say the least price movements in cryptos the last few weeka

[Shami-Amourae]

He a good boy.
He Dindu Nuffin.
https://bitnovosti.com/wp-content/uploads/2017/03/jihan-wu.jpg

[Neuro]

BitCoin Hitler!

[vacuum]

Bitcoin Cash just released their cashtokens upgrade last week. This unlocks the ability to do general smart contracts on bitcoin cash, using the UTXO paradigm.

This means that contracts are created and executed on a per transaction basis, and so are incredibly scalable. The trade off is that they have to be written in a completely different way and are more difficult to write. However once the tools, developers, and initial projects are developed, the ecosystem will accelerate.

Here’s a discussion with the developer of cashtokens:

http://www.YouTube.com/watch?v=MdZUcCjkY6A

Hype vid released on upgrade day:

http://www.youtube.com/watch?v=VmCNpPpywFk

[vacuum]

So sitting here with my thinking cap on, more and more I am coming to the opinion that perhaps Bitcoin Cash will ultimately become the real bitcoin.

Bitcoin was co-opted and crippled, and today it’s really a piece of crap that barely works and has no clear path forward. Lighting has essentially failed at this point. Poor design choices have allowed ordinals/jpgs to unexpectedly be embedded into the chain.

There is no plan going forward. There is no way to make decisions. There is no unified vision.

The only thing bitcoin has going for it is that it’s number one because it’s the biggest. In other words, circular logic.

As soon as Ethereum flips bitcoin in market cap, that goes out the window, and perception will completely change.

People will start to ask why bitcoin was never improved upon. Why censorship and suppression was allowed, etc. At that point it will be clear that the only rational answer is that Bitcoin Cash is actually what bitcoin could have been.

As this realization occurs, a phase change in understanding will I occur and everyone will rush into BCH as it dawns on them that it is actually bitcoin, and that it is technically superior. Because Bitcoin is shit, most people probably won’t even be able to send their coins to an exchange to buy some BCH because the network will be so congested.

The bitcoin OGs who actually made bitcoin what it is today should all still have their BCH. If they don’t it would be strange. They live in a time where Bitcoin was usable and was regularly updated, and BCH continued down that original path.

The main people who are super invested in bitcoin are from 2016 and onwards. People like Michael Saylor, Barry Silbert, and an army of various grifters. Going to BCH will wipe all of them out. It will probably cause the biggest crypto market crash in history as well. Bitcoin OGs don’t care imo.

There really isn’t any other way this can go. Bitcoin sucks and so will eventually be toppled. Bitcoin Cash will be where people go when hard questions start getting asked and people become aware.

When the first bitcoins were mined in the early days, no one knew what the end result would be. I think it was the only truly fair coin distribution, and so ultimately regardless of the tech (btc, bch, bsv, ltc, doge, etc) the top crypto will ultimately have to fork the original ledger. So in my view, the protocol or tech can change to be anything, but the ledger must be forked to be legitimate.

Many have been deceived into buying into the fake ledger since 2017.

Using my logic, why couldn’t someone just fork the current btc ledger and fix all the problems (or just use the BCH protocol but with the current btc ledger)? That is possible, but btc will fight it for too long. As long as the ratio between BCH and BTC is less than one, it is more advantageous to buy BCH. You get more coins. The hash power will shift to BCH as its price increases.

Once BCH has a higher price and more hash power than btc, what is the point then? Obviously the bag holders (idiots who could have gotten more coins by simply buying cheap BCH, except for ego or some other reason) will attempt to pick up the pieces and fix btc and come back. But they had their chance and screwed it up.

This seems completely impossible to believe, but I don’t see how it can really go any other way.

Also, Pluto is now in Aquarius. The planet of death and rebirth is in the sign of crypto currencies, for the next 20 years. So a complete destruction and rebuilding of crypto is in the cards.


http://www.youtube.com/watch?v=ixpuLmvNel4

[vacuum]

Somebody is dumping $20 million into the BCH ecosystem:
https://news.bitcoin.com/bch-ecosystem-fund-bolsters-cashtokens-ecosystem-with-20-million-investment/

It’s not clear who they are yet and exactly what they are doing. There is a spaces tomorrow with more information:
https://twitter.com/bitcoincashx/status/1683890232620380160 (https://twitter.com/bitcoincashx/status/1683890232620380160?s=46&t=WeKmfk6RTaAZxBI4ZKTtPg)

Edit: based on spaces, looks like this was a scam. Regardless, other things are still moving forward.


In other news, some private members of the BCH community just donated $450k to Paytaca, a bitcoin cash company based in the Philippines to work on tools and adoption there:
https://twitter.com/_paytaca_/status/1682582589465583616


BCHArgentina is almost at their funding goal to promote adoption there:
https://twitter.com/bchargentina/status/1683613914603323395


All kinds of stuff going on, but BCH is so decentralized that it’s happening organically everywhere and deceptively hard to track.

[vacuum]

Bitcoin Cash is ripe for the picking.

Some billionaire just has to buy big bags of it cheap, then pump it just like Elon did to doge.

It’s got a strong narrative, and BTC is basically begging for someone to put it out of it’s misery at this point.

[Amanda]

Any thoughts on that guy Roger Ver getting arrested after his book Hijacking Bitcoin (I know they are saying he didn't pay taxes, but some seem to say timing is interesting)

I just found this guy, Adrian Day, on twitter, he seems to think Ver's arrest & US govt going after Kim Dot com now is a signal something big/bad is coming. he seems to think CBDCs within 6 months?

There's a stopcbdccs community on twitter, they seem to be talking about Monero---Is that something to get? Thoughts?

[Neuro]

He didn’t pay US taxes on sales of bitcoin which he bought bitcoin cash for in 2017… If he had just kept his BTC he would have been a billionaire now. I have no idea why he should pay US taxes to begin with… I guess every country in the world could claim that crypto profits should benefit their country and be subject to their taxation…

[monty]

Any thoughts on that guy Roger Ver getting arrested after his book Hijacking Bitcoin (I know they are saying he didn't pay taxes, but some seem to say timing is interesting)

I just found this guy, Adrian Day, on twitter, he seems to think Ver's arrest & US govt going after Kim Dot com now is a signal something big/bad is coming. he seems to think CBDCs within 6 months?

There's a stopcbdccs community on twitter, they seem to be talking about Monero---Is that something to get? Thoughts?

The federal income tax is an excise tax on a federal privelege or federal activity. Participating in Social Security is a federal activity. My personal opinion is If I were a young person I wuould get out of Social Security and invest the amount being withheld in bitcoin. Personally I would not buy monero.

edit: Bitcoin is secure, unconsficatable and and limited to 21 million coins. As more and more people buy bitcoin the demand will increase its value in relation to fiat currency. You can see any wallet address on the blockchain, but that does not tell where it is or who it belongs to so far as I understand it



https://synapticsparks.info/tax/evidence/c03/page2580.html

[ziero0]

The one who owns the paper owns the writing on the paper.

[vacuum]

Bitcoin Cash is still a good buy at these prices.

Long term I recommend holding BCH, BTC, and XMR.

Also, I am planning to take profits this bull cycle in February.

[Neuro]

Bitcoin Cash is still a good buy at these prices.

Long term I recommend holding BCH, BTC, and XMR.

Also, I am planning to take profits this bull cycle in February.

You think February -25 is the peak? Any particular reason? Or just a hunch or you need to pay something?

[vacuum]

February most likely is the peak. I’ll post the reasoning soon. Have been meaning to respond but have been distracted.