BCH - Bitcoin Cash

Discussion in 'Crypto Forum' started by StockJock-e, Feb 3, 2021.

  1. StockJock-e

    StockJock-e Brew Master
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    BCH is a fork of Bitcoin that has faster and cheaper transactions.

    Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.

    As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network.



    [​IMG]
     
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  2. StockJock-e

    StockJock-e Brew Master
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    Ive been adding on weakness here, BCH is like the redheaded stepchild of Bitcoin.

    There is much hatred towards it because the OG Bitcoiners feel they "stole" the branding.

    I dont really care about feelings, I care about price action. BCH has been severely under performing as a crypto while doing what its supposed to do pretty well, and that is transfer coin from one place to another fast and cheap. Transaction fees are around a 0.002 cents compared to BTC which is $11-$16 at the moment and climbing.

    The two things missing for BCH is more widespread adoption and they need to fix their branding away from fighting about who is the real bitcoin and just embrace what they are.
     
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  3. StockJock-e

    StockJock-e Brew Master
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    Back above $500

    Kim Dotcom has been talking about it on his twitter, its probably fueling some interest
     
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  4. StockJock-e

    StockJock-e Brew Master
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    upload_2021-2-11_13-37-56.png

    This is the kind of activity that is getting BCH the move its making
     
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  5. StockJock-e

    StockJock-e Brew Master
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    Testing $550 resistance again
    upload_2021-2-12_8-14-45.png

    This has been a good retest of the $400 area, bch looks ready to start eating up some of that supply above $600 now.
     
  6. StockJock-e

    StockJock-e Brew Master
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  7. StockJock-e

    StockJock-e Brew Master
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  8. StockJock-e

    StockJock-e Brew Master
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    Cracked over $700 yesterday!
     
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  9. StockJock-e

    StockJock-e Brew Master
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    Bit of a sell off to $600 yesterday, looked like algos got hit across all major coins.

    Back up to new highs, $750 now.
     
  10. StockJock-e

    StockJock-e Brew Master
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    Here are some buy ops imo

    Down -20% on this sell off. Buying the fear.
     
  11. StockJock-e

    StockJock-e Brew Master
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    Here we go, some bounce action back above $500
     
  12. StockJock-e

    StockJock-e Brew Master
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    here we go, back up to the mid 500's.

    It sells off harder than BTC, but climbs back faster too.
     
  13. Syynik

    Syynik Active Member

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    Good to know; WeBull carries BCH now.
     
  14. StockJock-e

    StockJock-e Brew Master
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    Paypal also started with BTC, BCH, ETH and some others.
     
  15. StockJock-e

    StockJock-e Brew Master
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    Im not too impressed with the performance here lately.

    BCH dropped with BTC, everything sold off together.

    BTC has since climbed back up to reclaim the highs.

    BCH is lagging. Its possible that money is chasing performance and once BTC starts to stall out, the smaller cryptos get more attention.
     
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  16. StockJock-e

    StockJock-e Brew Master
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    $600 BCH on tap with BTC making its move to new highs
     
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  17. StockJock-e

    StockJock-e Brew Master
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  18. StockJock-e

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    Current trading pattern is basically mirroring BTC, so the only driver in the short term is if BTC cracks to new highs.
     
  19. StockJock-e

    StockJock-e Brew Master
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    Continued weakness in the alt coins as BTC sells off.

    BCH back down below $500, but there is a lot happening in the development space for BCH over the next quarter.

    I do consider anything below $500 a pretty solid buy.
     
  20. StockJock-e

    StockJock-e Brew Master
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    This is pretty good news. BCH is the small guy in this group and the fact that its included should be good news for BCH metrics:

    Exclusive: PayPal launches crypto checkout service
    By Anna Irrera

    3 Min Read

    LONDON (Reuters) - PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.
     

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