Bittrex is one of the most popular crypto exchanges for trading altcoins in the U.S.. Its complexity can be intimidating, but the learning curve is worth it.
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
NOTE: Bitcoin Cash has been on a bull run recently. It is also in a sort of war with Bitcoin. Given this, one should read up on Bitcoin Cash before impulse buying. See articles below for the pros and cons.
Bitcoin Cash could become the dominant Bitcoin, Bitcoin Cash could get dumped for Bitcoin, or both could both find success. Any of these cases are possible.
If you aren’t aware, Bitcoin and Bitcoin Cash are in a war of sorts, both on the exchanges and on social media. That makes it a risky time for both assets.
Bitcoin is a value store, Bitcoin Cash is a payment system. A payment system needs to be fast… and have a stable price. A value store should rise in value steadily.
The entire crypto market (with the sole exception of Bitcoin Cash) entered a correction period today. This is was spurred on by claims Bitcoin Cash is the new Bitcoin.
Bitcoin’s price dropped a bit, meanwhile Bitcoin Cash’s price rose. Bitcoin.com (just a great domain, not an official site) even said it was going all in on Bitcoin Cash.
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. It is meant to have quicker transactions than Bitcoin.
SegWit, SegWit2x, and the Lightning Network (LN) are all terms that describe proposed changes to Bitcoin’s blockchain to allow for faster transactions.
A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version.