Wow, Bitcoin Cash recently had one amazing bull run — and I personally still think the best is yet to come. Not to toot my horn, but I was running with those bulls, and even picked up some more Bitcoin Cash today when it dipped under $6, just getting ready to run one more time. Interestingly, while I was enjoying a little BE-SURE-AND-BUY-ON-THE-DIP MANIA, I noticed something peculiar, and I’m wondering is it just me? Or must I research a new issue at every turn on the web today, especially in the crypto space. It is the same for both BCC and BCH, both means Bitcoin Cash which is the fork of bitcoin. It can be a bit confusing for new folk, sometimes when new coins are created their creator fails to check if there is already a coin there using the same label, most exchanges will be using BCH.

The FBI is currently seeking information from victims of the BitConnect ponzi scheme — if you believe you were a victim or participated in BitConnect, you can contact the FBI here. On Bittrex , you can create an order –say, to sell 0.24BCH for a certain amount of dollar or Bitcoin. That order will remain open (and you’ll be able to cancel it), unless another trader went and closed the order (gave the certain amount of dollar or Bitcoin to buy your 0.24 BCH). I have South African Luno account and it displays the Bitcoin cash as “BCH” in my BCH wallet. I recently wrote two articles; one outlining the background to the scaling debate and recent near-forks, the other about Bitcoin Cashand how Luno will (and won’t) support it.

• Since we will be trading Bitcoin Cash for Bitcoin , most platforms won’t require lengthy ID-verification processes.
• Three Dash concept physical coins isolated on white background.
• There is a lot of difference between those coins, you need to pay much more attention to the names to avoid the confusion.
• The seizing of capital from account holders (“bail-ins”) that occurred in Cyprus and nearly in Greece, demonstrated that bank deposits are only as safe as political leaders decide.

Unfortunately, from 2016 to 2017, Bitcoin became increasingly unreliable and expensive. This was because the community could not reach consensus on increasing the network capacity. Some of the developers did not understand and agree with Satoshi’s plan. Instead, they preferred Bitcoin become a settlement layer. Bitcoin Cash is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion.

Bitcoin cash (BCC vs BCH)

As with all ponzi schemes, the true identities of the founders of BitConnect and the developers of BCC remain shrouded in mystery. Since I don’t really want to monitor the market, I’ll just sell at the best bid and get it over and done with. Three Dash concept physical coins isolated on white background. Do consult your financial advisor before making any decisions. CurrencyConverterr will not be responsible for any trading decisions. At that time the currency had reached its highest value.

Both are the same in the sense of they are just money sucking coins,ponzi schemes in a simple explanation. In reality, BitConnect’s unique selling point did not exist, as under the hood, its foundation was that of any other pyramid scheme. An investor would provide Bitcoin on the premise that interest would be worth the trouble almost immediately, and earn dividends by signing other users up in addition to sky-high payouts. Since we will be trading Bitcoin Cash for Bitcoin , most platforms won’t require lengthy ID-verification processes. In this case, we’ll just need an email address and a unique password (and two-factor authentication if we’re going to leave the Bitcoin on the new platform).

Mr Price: Here’s how not to run email marketing

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The only things that similar is both is a shitcoin. And Bitcoin Cash is a useless coin made for a personal profit and a disgrace to the cryptocurrencies community. They think BCH is the only solution to improve the Bitcoin transaction fees and time. BitConnect was an allegedly open source crm software tools cryptocurrency and the native token of the now-defunct ponzi scheme BitConnect. You will need to buy BCH with your Luno-bought Bitcoin. You will need to send the BCH to Bitmain (don’t send it to a BTC address on Luno, the funds will be lost, the two blockchains are incompatible).

Customer demand, trading volumes, and regulatory considerations. A lot of people think that the currency might be dumped by everyone ant that her value will be next no nothing. I manually checked a lot of exchanges and those that do have it, are calling it either BCH or BCC. It seems they were unaware of Bitconnect ; one of the scam coins out there. In yobit it’s abbreaviated as BCC while in some other exchanges it’s abbreviation is BCH. There is a lot of difference between those coins, you need to pay much more attention to the names to avoid the confusion.

As mentioned before, do your homework and see which Bitcoin Cash marketsoffer the best exchange rate. That said, this “instant sell” feature in Luno is the easiest, by far. For every Bitcoin, in theory, there may now one Bitcoin Cash, but the long term prospects and viability of the new currency seems rather pointless and dull. Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading. Bitcoin Cash supports token protocols that power a variety of projects, and it is easy to create your own token backed projects. It’s not all that difficult to create or fork into existence a newer digital currency.

By 2017, Bitcoin dominance had plummeted from 95% to as low as 40% as a direct result of the usability problems. The network fee for a typical Bitcoin Cash transaction is less than one penny. If you want to convert your BCH into fiat currency, such as US dollars, you can do that through merchant processors for a cost that is still much lower than credit card processing. Banks can also decide to block your transactions, charge you fees, or close your account without warning. Bitcoin Cash gives you full, sovereign control over your funds, which you can access from anywhere in the world. Decided to work on adding support for bitcoin cash for Coinbase customers.

Bitcoin Cash implemented larger block sizes, aimed at solving the problems the Bitcoin network congestion. But a there are already a tonne of small currencies that process faster payments, but they don’t risk de-throning Bitcoin anytime soon. I believe Bitcoin Cash will just become a low market-cap altcoin without significant miner support, without significant momentum and without significant use cases. Something that just piggybacked of some early news and distribution and will probably go down in value over time. Luno just added the ability, for verified account holders, to sell Bitcoin Cash for Bitcoin, right on the Luno platform.

BCC Price Statistics

It’s decentralized, voluntary, and non-aggressive. As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known.

• Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading.
• The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
• Sign up for a free GitHub account to open an issue and contact its maintainers and the community.
• That order will remain open (and you’ll be able to cancel it), unless another trader went and closed the order (gave the certain amount of dollar or Bitcoin to buy your 0.24 BCH).
• Instead, they preferred Bitcoin become a settlement layer.
• It can be a bit confusing for new folk, sometimes when new coins are created their creator fails to check if there is already a coin there using the same label, most exchanges will be using BCH.

The network now supports up to 32MB blocks with ongoing research to allow massive future increases. By accepting Bitcoin Cash, merchants can gain free listings in website and app directories, gaining even more customers. They can also take advantage of this new trend and generate press for their business. All are welcome to join the Bitcoin Cash community as we move https://coinbreakingnews.info/ forward in creating sound money accessible to the whole world. So now the righ ticker for Bitcoin Cash is BCH, but some exchanges still use BCC because they listed it like that before and for some reason didn’t change it to the correct one yet. BitConnect touted itself as a means of solving real-world financial problems using cryptocurrency and bypassing banks.

Notice of Ticker Change from BCC to BCH

Market cap is calculated by multiplying the asset’s circulating supply with its current price. Popularity is based on the relative market cap of assets. Bitcoin Cash offers more privacy and anonymity than traditional payment systems like bank transfers and credit card payments, since it’s normally impossible to know who controls a Bitcoin address. Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

• Smartphone with empty copy space on-screen among piles of Ether isolated on white.
• They may be unsafe, untrustworthy, or illegal in your jurisdiction.
• And Bitcoin Cash is a useless coin made for a personal profit and a disgrace to the cryptocurrencies community.
• It’s not all that difficult to create or fork into existence a newer digital currency.

Three Monero XMR cryptocurrency physical concept coin isolated on white background. Circulating supply shows the number of coins or tokens that have been issued so far. The percent change in trading volume for this asset compared to 24 hours ago. The percent change in trading volume for this asset compared to 1 hour ago. With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development.

01 Bitcoin Cash to BitConnect

Have a look at the Bitcoin Cash Markets page on CoinMarketCap. It shows the volume of Bitcoin Cash traded against other currencies and the estimated price it is trading at, in USD. Pile or stack of silver IOTA coins isolated on white background. Silver Santiment SAN coin isolated on white background.

Currently a full-time nomad, learning, running long distances and doing research, mostly in Mexico. Since I believe in the long term prospects of Bitcoin, I’ll just keep it on Luno and sell it for South African rand if and when I need it. Have a look at the order book to get an idea of what the market of buyers and sellers looks like in the bids and asks. Vertical smartphone with Bitcoin on-screen among piles of Bitcoins. Smartphone with empty copy space on-screen among piles of Ether isolated on white. Completing the CAPTCHA proves to us that you’re a human and gives you access to our platform.

Unrelated to the BitConnect charges, Bigatton’s wife disappeared several months after BitConnect collapsed. Hey Majid, if you send 0.24 Bitcoin Cash from one wallet you will receive 0.24 Bitcoin Cash in the other wallet . You will still need to convert the 0.24 Bitcoin Cash into Bitcoin . On Luno (or whatever platform you’re using) navigate to your Bitcoin Cash wallet or notification area. You will be able to generate a new Bitcoin Cash wallet address.

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