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Bitcoincash

Bitcoin Cash & The Bulls - Part DeuxBicoin Cash (BCH) believes in the original vision for Bitcoin (BTC) by Satoshi Nakamoto: 'A fast, secure, worldwide peer to peer electronic cash system with low processing fees'. Whereas BCH can complete 100+ transactions per second, BTC only manages three to seven transactions per second. The Bitcoin blockchain is no longer the ideal network for small transactions on the base layer due to its limited block size of 1-2 MB. Micro transactions have been deferred to a second layer ie. The Lightening Network which is a promising but not yet proven success. Because Bitcoin, Bitcoin Cash and Bitcoin SV are derived from the same genesis block, they share a similar history and even some of the same miners. Within the Proof of Work (PoW) system, the miners have more to lose than other investors due to their investment in expensive and specific ASIC equipment used for the sole intention of mining the Bitcoin protocol. The computer hardware that is used can process transactions on all three chains. Therefore the miners can profit from mining any of these three blockchains. It would make sense that the miners will mine whatever chain is more profitable. All Bitcoin entrepreneurship will depend on a functioning Lightening Network on a grand scale. If mining on the Bitcoin blockchain discontinues to be a profitable endeavor, the SHA256 miners who can mine on any of the three chains may look to one of the other two Bitcoin blockchains to keep their show on the road. Miners will not care which side their bread is buttered on. In the global transaction market, there are three trillion transactions per year. 75% are cash transactions, 13% by credit card and 12% from other means. With Bitcoin Cash transactions costing < $0.01 per transaction, a Bitcoin transaction can cost anywhere between $5-$50 making Bitcoin unpractical for day to day micro transactions on the base layer. BTC is useful as a store of value, positioning itself as the digital equivalent of gold. BCH has a larger block size limit which will enable it to fulfill Satoshi's vision of an electronic cash system with low processing fees. The worldwide cash market is valued at $100 trillion whereas the global gold market is worth $10 trillion. Moreover, Bitcoin had a recent 40% drop in hashpower after a Chinese mining pool went offline. As a result, BTC fees have been soaring to $40 per transaction making it expensive and slow. At the time of writing it is 11,838.75x more expensive to transact on Bitcoin (BTC) in USD than BCH according to Coin Dance: coin.dance We went long BCH/USD on 01 December 2020 at $290. Today one Bitcoin Cash is worth 0.016 of one Bitcoin. I see an opportunity for Bitcoin Cash to gain ground on Bitcoin over the coming year or so. I am long all 3 chains on the Bitcoin blockchain. The cash market is 10x bigger than gold, therefore Bitcoin Cash may have more upside potential. We will have to see if the market agrees or not. BCH is 76% off its all time high price of $3785 set on 16 December 2020. Our original Post regarding BCH/USD can be found here:
KRAKEN:BCHUSDLong
by rzinho
3
Bitcoin Cash, In Decisive Wedge-Formation, How It Can Complete!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 30-minute timeframe perspective. As Bitcoin Cash has shown up with important initial bearish declines to the downside it now somewhat shown up with some bounces, these bounces however arent not really strong and a full reversal for now. Besides that Bitcoin Cash has formed this ascending-wedge-formation with the coherent wave-count within almost already completed. When Bitcoin Cash now moves below the lower boundary with this bearish price-action as seen in my chart this will lead to the continuation and testing of lower supports as marked in blue from where the situation needs to elevate anew, for now the bearish perspective should not be underestimated. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The key to success is to focus on goals not obstacles." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
7
BCH To The Moon! - Fibonacci AnalysisBitcoin Cash looking good! It bounced back of strong support and heading North. Entry Zone: $850 - $950 Take Profit #1 $1,132 Take Profit #2 $1,199 Take Profit #3 $1,354 Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
Long
by UnknownUnicorn18172817
(BCH) Bitcoin Cash to breakout of Bullish Falling WedgeHello Friends and Welcome! Bitcoin Cash (BCH) is getting Bullish against BTC on high Time Frames! BCH is in a Falling wedge (Bullish) Has bottomed out and is currently testing the top trendline of the falling wedge. RSI on monthly tf has bottomed Histogram is showing bullish momentum BCH has just closed over the 200EMA for the first time in over 400Days!! BCH is on its way to start a new uptrend! Resistance levels marked as well as possible buy zone! Good luck and stay blessed! Cryptonacci
Long
by XCryptonacciX
3
Bitcoin $BTCUSDC Target PTs 76,245-93,237WHY BITCOIN IS THE ONLY CRYPTOCURRENCY YOU NEED Several characteristics reinforce Bitcoin’s dominance and superiority over all other cryptocurrencies. In contrast to the thousands of different cryptocurrencies that have emerged since the 2017 Initial Coin Offering boom, Bitcoin remains the best choice for any investor looking to enter the space. Why is Bitcoin superior to all other cryptocurrencies? To find the answer, one must first examine what makes bitcoin a sound monetary asset. The following are several of its key characteristics. ABSOLUTE SCARCITY There will only ever be 21 million bitcoin in circulation, and that number won’t be reached until 2140. By 2035, 99% of all the bitcoin that will ever exist will have been mined. This fixed supply issuance of 21 million is programmed into Bitcoin, meaning that it can never be changed or altered without consensus among the network’s node operators. Furthermore, no matter how much the demand for bitcoin increases, the supply will always remain the same, and over time, the supply expansion decreases until stopping entirely. This is a key distinction that determines the nature of sound money and Bitcoin’s economic principles. There is an infinite supply of other cryptocurrencies, as other cryptocurrencies’ maintainers can simply create more iterations of coins out of thin air, regardless of current monetary policy. Saifeadean Ammous, the best-selling author of The Bitcoin Standard, provided an excellent explanation of scarcity in relation to money: “A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing hard-earned wealth for sale in exchange for something easy to produce.” COMPLETELY DECENTRALIZED Bitcoin is the only truly decentralized cryptocurrency. No single entity or person runs or operates the Bitcoin protocol. Therefore, the entire Bitcoin ecosystem is completely resistant to any counterparty risk. Politically and socially, this is extremely important to the overall value proposition of Bitcoin’s network because, with no single points of failure, governments and other powerful entities cannot target, coerce, or manipulate any individual or group into regulating or altering key components of the base protocol. Ethereum, for example, has the influence and leadership of Vitalik Buterin and the Ethereum Foundation, so as Ethereum 2.0 and other cryptocurrencies continue to adapt and grow, it will be interesting to see how he and the protocol responds to political pressure and government regulation. PROVEN NETWORK EFFECTS Bitcoin’s network effects cannot be ignored. It has established itself as a legitimate store of value (SoV), growing to over $1 trillion market capitalization in 12 years. No other cryptocurrency has come even close to Bitcoin’s mass adoption and overall market cap. To further emphasize the power of Bitcoin’s network effects, Metcalfe’s Law holds that a network’s value is proportional to the square of the number of users. That is to say, as a network’s number of users grows linearly, its value grows exponentially. Jeff Booth, a visionary leader in the Bitcoin space and author of The Price of Tomorrow, explained that for any new emerging technology to disrupt an existing network of similar significance, it needs to be 10 times better. For the new network to gain mass adoption, it can't just be twice as good—it needs to be orders of magnitude better to create a mass network effect. BITCOIN WINS When looking at the overall crypto ecosystem, it can be easy for beginning investors to get overwhelmed by the thousands of different cryptocurrencies . One might question whether they should go all in on Bitcoin, or incorporate other cryptocurrencies into their portfolio. There are different opinions on other cryptocurrencies, as some believe them to have various possible future use cases. However, from the standpoint of which cryptocurrencies have the characteristics of a SoV asset, there is no comparison to Bitcoin’s economic and technical principles. Bitcoin is and will continue to reign supreme as the top global cryptocurrency as its adoption grows, wealth management firms continue to provide exposure to their high-net-worth individual clients, and more institutions adopt it on their balance sheets. In the race to become the world's largest monetary asset and paradigm-shifting economic network, Bitcoin will win.
Long
by BADQOMOCAWGOWLD
1
Break Trendline Like BCH Hi, this is my new update for BCH, 3days ago I informed you that once we break this trendline, the bullrun in BCH will start and you see what happened after that. We broke both the resistance $880 and trendline at the same time. Now we have tested the resistance $1150, if we break it the next one is around $1300, but if we see a pullback to $880-900 in the next couple of days, to backtest both the trendline and the support level, I would not be surprised. BCH is 100% BULLISH Be prepared and don't PANIC ;)
BITSTAMP:BCHUSDLong
by GOAT1375
Bitcoin Cash - Finally Awaken?Bitcoin Cash - One of the oldest coins in the market, tested with time. It has recently broken out of a recent high, made higher lows, and validated a double bottom pattern. Pros: - It is extremely far away from ATH which sits around at 4k, with the current price that's a 500% move. - Formed a higher high and multiple lower lows. - Just broke out of the previous high, in short term its PT is at least 920. Cons: - Older coin with old technology, not as attractive as some of the newer coins - Less explosive gains - RSI close to overbought area If you're interested: - Buy at a pullback to the previous high at around 700 - 730, SL at 650 If you already holding BCH: - Short term PT 920, end of bull market PT 1500+
COINBASE:BCHUSDLong
by Mattyx227
Bitcoin $BTCUSDC Target PTs 80,000-95,000Market Wrap: Bitcoin Near $60K as Coinbase Listing Stirs Fresh Crypto Hype Bitcoin (BTC) trading around $60,120.82 as of 20:00 UTC (4 p.m. ET). Climbing 0.68% over the previous 24 hours. Bitcoin’s 24-hour range: $59,428.21-$61,219.72 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin surged early Monday to a four-week high of $61,219.72. Analysts said the largest cryptocurrency might have gotten a boost from the hoopla surrounding U.S. exchange giant Coinbase’s coming direct stock listing Wednesday. In cryptocurrency circles, the “Coinbase effect” is when a digital token gets a price pump after getting listed on the cryptocurrency exchange. But bitcoin might get the benefit of a different type of “Coinbase effect” – if newbie investors, spurred by mainstream press coverage of the stock listing, decide to put money into cryptocurrencies. “The Coinbase hype within crypto, in terms of valuation and its domino effect on other markets” means Wednesday’s direct listing might become “a key catalyst event,” Singapore-based crypto quant firm QCP Capital wrote Monday on its Telegram channel.
by BADQOMOCAWGOWLD
Bitcoin Cash (BCH) - April 13Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (BCHUSD 1W chart) (1D chart) We have to see if we can get support and climb in the 661.97-678.88 range. If it falls from the 517.72 point, a Stop Loss is required to preserve profit and loss. We must see if divergence can be achieved to ascend above the 830.0 point. ------------------------------------- (BCHBTC 1D chart) We have to see if we can get support at the 10994 Satoshi point and rise above the 12667 Satoshi point. If it gets support at the 12667 Satoshi branch, it is expected to turn upward. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
KRAKEN:BCHUSD
by readCrypto
Bitcoin Cash $BCHUSD Target PTs 790-835 and higherBitcoin Cash needed to defend $668.5 support to avoid a breakdown from its 20-SMA. Meanwhile, Bitcoin was trading at $60,217 with a market capitalization of over 1.1 trillion. Bitcoin Cash needed to hold on to $668.5 support over the coming sessions to avoid a breakdown from its 20-SMA (red). Additional support areas lay at $629.6 and at $600 and these levels would be in focus in case of a southbound move. A bearish divergence on the MACD lent weight to a breakdown prediction. The Signal line even crossed above the MACD line as bears sought to control the market. The RSI pointed south from 52 and a dip below 40 could even see BCH lose out on the $600 level. A stronger region of support lay at $550 as it coincided with the 200-SMA (green), but a dip below this could be damaging for BCH’s mid-long term trajectory.
Long
by BADQOMOCAWGOWLD
1
Bitcoin $BTCUSD PT 80-90k and way higher laterBitcoin’s price neared its all-time high of $61,712 early Saturday while ether set a new all-time high at $2,190. According to CoinDesk’s Bitcoin price page, the leading cryptocurrency traded above $60,000 for the first time in nearly a month after spending weeks vacillating between $52,000 and the upper $50,000s. Bitcoin pulled back marginally after peaking around $60,900, though it remains above the psychological marker as of press time. Bitcoin last hit an all-time high in mid-March, according to CoinGecko. Bitcoin bulls were further bolstered on Friday by the idea that an exchange-traded fund (ETF) with exposure to the digital asset space might be approved in 2021, after the Securities and Exchange Commission (SEC) confirmed it was reviewing ETF giant WisdomTree’s application.
BINANCE:BTCUSDLong
by BADQOMOCAWGOWLD