Get started

BCC

Bitcoin Cash hard fork. Worth it without free tokens?Coin of the day is Bitcoin Cash. The most famous hard fork of Bitcoin, Bitcoin Cash solves infamous Bitcoin scalability problems in its own style, trying to cut any possible corner and become the most usable and adoptable cryptocurrency. 15 May hard fork Was the announcement of future BCH fork fueling the coin growth? Did people bought the coin in anticipation of getting new free tokens? It is certainly possible, as many people associate the phrase “hard fork” with “free” tokens. Not every hard fork creates a new cryptocurrency however, and you’ll be sorely disappointed if you bought BCH in order to secure coins of a new cryptocurrency. The BCH hard fork scheduled for May 15 will change Bitcoin Cash’s consensus rules, but there will be no new cryptocurrency as a result. Bitcoin Cash main course is to resolve BTC scaling problems. The side that is now advocating for BCH is saying that BTC will never be able to scale properly as long as its maximum block size remains limited to 1 megabyte. Bitcoin Cash claims to greatly improve scalability with its 8 megabyte block size, while those who advocate for the original Bitcoin are leaning on second layer solutions such as the Lightning Network. If today fork is successful, Bitcoin Cash will increase its maximum block size even further to 32 megabytes. Such improvement seems to be excessive for current network load, as the average Bitcoin Cash block size never came close to exceeding the 8 mb limit and only peaked at the 4.7 mb mark for a brief period in mid-January according network researchers. Probably the team expects that the load will increase or this move with the expectation of a distant future. The Hard Fork is set to take place at 16:00 UTC, therefore this afternoon should see some increased activity within the Bitcoin Cash network. Though this is unlikely to lead the price to spike, we should watch out for signs of surges as we near the allocated fork time. Moreover, we should also be cautious about this causing the value of Bitcoin Cash to drop, this too, is possible. What is announced for hard fork: Block size increase from 8MB to 32MB. The OP_RETURN data carrier size is increasing to 220 bytes. This will enable smart contracts. Bitcoin Unlimited , the full node implementation for Bitcoin and Bitcoin Cash networks plays an important role in the upcoming hard fork along with ABC developers. Technicals BCCBTC is trading in the correctional pattern to the April growth. Peaked on May 6th the price was gradually lowering, making the flag formation. Last three days were showing that the price seems to find a support level in the 0.155 - 0.16 zone. 100-days EMA stays below the price, and the overall pattern looks bullish. If we consider the takeoff scenario from the 0.16 level, a breakthrough of the Bearish Trend Line and 0.17 level will be a confirmation signal. 0.14 level could be a support for the deeper correctional movement in case of the after-hard-fork drawdown. Breakthrough below the 100-days EMA would send the price into a more depressive pattern.
BLong
by DestinationMoonCrypto
Let's discuss Bitcoin Cash before hard fork on 15th of May!Bitcoin Cash is one of the coins in the last days/weeks which had a strong movement. Why? Because of the hard fork at the 15th of May. People are expecting a huge jump in the next 2/3 days. But I see the possibility of people selling or holding. Together with the uncertainity of how Bitcoin will behave the next two days (see my last Bitcoin chart to see what I think about what will happen), I have huge doubts about huge possible profits, here. But there is big potential. I assumed it would have gone gone higher than the 1850 USD. But this didn't work. There was even an assumption of 0.25 BTC. But it slowed down hugely, so it didn't achieve 0.2 BTC. Considering last BTC hard forks, I think that a big movement here is unlikely. There is a strong resistance line here which I don't think it will break, easily. Risks are high that there will be a fake breakout causing in lot's of FOMO losses. The movements I see right now are between a strong fibonacci level and the mentioned resistance line. All in all, a possible win of mere 10% in USD if this happens. The maximal profit potentials are up to 2k level. ~1850 USD would make more sense, though. This would be huge! Depending on how the chart really goes, I might change my assumptions and keep you updated. There is still plenty of time to make a breakout of the resistance line. Until then keep in mind that there will be a hard fork and there still is potential. So, don't forget about this coin till then. Have luck!
B
by calumon
Becky on BCC - Safety First!Hey lovers! BCC what? Not a big fan of this coin but here it is: Bitcoin Cash is looking not so good right now. We hit the last ceiling before empty space (from 1700 to 2300) and we bounced off of it. If you are an optimistic my targets would be: T1: 1780 T2: 1940 T3: 2070 BUT, In all honesty I think this coin is going to retrace pretty badly. My Stoploss would be at 1475. Anything below this means big trouble! Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me NOW! <3
B
by BeckyDD
6
ETC bullish channelVery nice channel, looks like we found support at 0.236 fib level, i also noticed that etc is dipping on every bitcoin sell and bitcoin is just about to touch first support at $9200-$8800 (0.236 fib) so we may expect a bounce and further upward movments on both btc and etc vs btc. RSI and MACD very bullish. There is also a chance that bitcoin will drop below 0.236 fib level which is probly gona affect etc and we may fall out of the channel. If you guys want me to do a detailed bitcoin chart regarding what i just said let me know in the comments.
Long
by alexgreed
1
BITCOIN CASH: START OF A BULL RUN? = 25.54% PROFIT!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 201 8. Using this buy in point and selling at today's price, you would have expected to net 25.54% PROFIT!!! Dec 2017: GDAX reallows access to Bitcoin Cash trading. February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash. January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash trading on its GDAX exchange last month. January 27: The developers behind Bitcoin ABC, a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC and BCH addresses. March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash transactions. April 16: Bitcoin Cash announces Memo: An onchain social network built on Bitcoin Cash. April 19: Bitcoin Cash announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash. Aoril 22: Bitpay Adds Bitcoin Cash Support to Checkout Point-of-Sale App April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts". May 4: Bitcoin Cash Opposers Scrap Lawsuit Against Bitcoin.com, Citing Lack Of Cash These factors have together with the substantial increase in trading volume have led to Bitcoin Cash's' increase in price. A majority is trading volume is coming from Korean and Chinese cryptocurrency exchanges.
B
by CryptoTradeSignals
BCC and waiting for Second Biggest moveAs shown in chart BCC Formin Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging’ again. This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again. To play this, we’d place our long order above the pennant and our stop below the bottom of the pennant to avoid fakeouts. Like we discussed earlier, the size of the breakout move is around the height of the mast (or the size of the earlier move) keep follow to get all our updates Good Luck Thank you ----------------------------------------------- Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
B
by AnaKingKong