Unlike gold, for instance, Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions.

But to be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.

Bitcoin cash is a bitcoin offshoot created as a means of dealing with disagreements in the community over how the technology behind the currency should run.

Tons of Coinbase users fled the platform after it rejected bitcoin cash — now the $1 billion startup is in the center of a raging storm.
The digital currency startup Coinbase saw an exodus of users this week after announcing that it wouldn't support bitcoin cash, the new digital currency established last Tuesday.
Bitcoin cash is a bitcoin offshoot created as a means of dealing with disagreements in the community over how the technology behind the currency should run.
But investors don't seem worried about this exodus harming Coinbase's potential unicorn status.

1) Bitcoin is divided into two in a programm named as “Hard Fork” that has split the fundamental currency digital community. The two rivalries of bitcoin has grown after some of the top endorsers opposed the effective way to not go forward. When the value of cryptocurrency fell by $2,700 after the summit of fork. Bitcoin Cash then started to raiseas stockholders anticipates for their primary transactions to be plop into the network. In the starting stage the price fell down, but later onwards it raised to the amount of $400.



2) How comes Bitcoin Cash (BCH)

It entered into market of cryptocurrency in an active manner flattering the most profitable tokens into its daily hand that one goes to deal. The latest update of BCH market is that it trades at $690.38. As per market capitilizations, it is predicted that it stunning around the value of $10 billion that was under the value of Ethereum and bitcoin.



3) The leading bureaucracies they why bitcoin cash grows up

Since the set up of  Bitcoin Cash, it rules the market values and stood as top competitor for Bitcoin and Ethereum. Because of this rise, Bitcoin has a deficient performance in the first trading days, rapidly surmising into limelight. The competition among Bitcoin Cash, Bitcoin and Ethereum striked the performance of other rivalries such as Litecoin and Dash. The climb of Bitcoin Cash shows increasing help for bitcoin cash that was shaped when a crew of miners moved away from the primary bitcoin blockchain. But many believed that perfect price rate for Bitcoin Cash has not fixed yet due to the reason that more number of persons are not in the capability to market it.



4) Latest Updates:

Bitcoin market is spinning in the situation following the fork and as per the recent survey, bitcoin trades at $2,735.59 that was down from the previous gain of $2,901.65.



5) Why bitcoins cropped up?

Many go with the option of keeping their bitcoins in digital wallets or exchanges instead of storing them in a storage drive. And many claimed that these areas will forward with the proposal of Segwit2x.

It also created an prediction that when this Bitcoin will leave to survive and Bicoin gets its future craze. They also no thoughts that how to create ground work for Bitcoin Cash.



6) How much it costs to?

The price of bitcoin has continued to be moderately stable to hook up with hard fork, signifying that the typical Segwit2x plan is probable to linger the main thread of bitcoin. The derivative of Bitcoin, Bitcoin Cash, is currently values to small part of the bitcoin price. In addition to this, this holds an approximate value in the early trading days. It reaches to the estimated value only when there is more rush among the users towards Bitcoin Cash.



7) Promised hopes for Bitcoin Cash.

Many traders are promoting their hopes for Bitcoin Cash trusting that it could actively hold the relative attention from both stockholders and prospectors.

Eliosoff, who is in the campaign of Bitcoin Cash claims that there is great progress in the future market value of Bitcoin. If the market value of cryptocurrency remain as Bitcoin value it can be gifted to users, business magnets and for other stockholders too.



Oppositions for Bitcoin Cash:

It is a bit remodel update of Bitcoin,so there is no huge impact for the firms to add help for Bitcoin Cash. Despite this, it also creates additional work for service managers and traders. The latest payment scheme of Bitpay will not support Bitcoin Cash that has indirect meaning that many of regular vendors  who agree for Bitcoin payments may not go with Bitcoin Cash. The top marketer for Bitcoin Cash, Coinbase also says that it too doesn’t accept Bitcoin Cash.

In the end, the energetic  scenario for Bitcoin Cash comes when most of the users has to accept BItcoin Cash rather than Bitcoin.

although lots of reports, news, updates and other resources coming anywhere regarding with this matter and issues, BTC users shouldn't be worried. Due to that, developers and authorities were working to avoid misleading facts and information to keep their BTC users and owners on their feet.

That's maybe because people were started to recognize BCC as alternate currency but things goes normal for BCC this time as BTC evolution since the past few years. BTC doesn't have a very high value until it was recognize by many to be useful. Let's see how far this BCC goes, as I think it has a good start also since people doesn't care the ups and downs of other alt coins anyway...

In my case, the best thing about BTC is that everyone has the chance to earn, to trade, to purchase items that doesn't need any bank partners etc. I'm not earning yet but I know BTC was made for the people who doesn't want to expose identity over internet, portability, accessibility and convenience.
But the main reason why I love BTC is to earn in a simple way other than any Jobs around that requires massive or special skills that only few people can deal with.

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

@Raw_Dog,
I didn't see any "Ambiguous" relation between the title and the context.. or maybe we're not in the same perspective. English isn't my native language but I don't understand your point this time.
Pardon me, I'm a real Newbie and it's my only (not first) account in this forum.
Thanks by the way.

I thought this time is BCC is just a backup of BTC since BCC has some modifications to strengthen BTCs weaknesses. Just an observation but maybe we're right or wrong but in this case I also thought BCC developers know what they are doing or they're just trying to challenge BTC's popularity or rival other low end alt coins to keep BTC's position as Top Virtual Currency in the world.

Sir, paano ka nagkaroon ng BCC?

Frequently Asked Questions
What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

Is Bitcoin Cash different from 'Bitcoin'?
Yes.  Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash.  It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

If I own Bitcoin, do I automatically own Bitcoin Cash too?
Yes.  Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block.  However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.

How is transaction replay being handled between the new and the old blockchain?
Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain.  This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.

Why was a fork necessary to create Bitcoin Cash?
The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second.  Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
 
Was the 1 MB blocksize causing problems for Bitcoin?
Yes, In 2017, capacity hit the 'invisible wall'.  Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.

Bitcoin stopped growing.  Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies  quickly plummeted from 95% to 40%.

Does Bitcoin Cash fix these problems?
Yes.  Bitcoin Cash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach.  There will be ample capacity for everyone's transactions.

Low fees and fast confirmations will resume with Bitcoin Cash.  The network will be allowed to grow again.  Users, merchants, businesses, and investors will return.
​
Why didn't Bitcoin raise the blocksize if it was easy?
Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.

Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected.

These two very different visions for Bitcoin are largely incompatible, which led to the community divide.
​
Which Development Team is In Charge of Bitcoin Cash?
Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash.  There are now multiple independent teams of developers.

This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.

To moderators, I would like to express my forgiveness if this thread would be subject for deletion because I haven't seen any thread in this forum that contains the same context.
Please inform me regarding this Copy/Paste issue.
Thanks

We can't conclude or judge easily because Industries and Technologies had been rivaling since the beginning like for example:
1. Macintosh and Microsoft
2. Yahoo, Google, Bing etc.
3. Nokia, Blackberry, iPhone, Samsung etc.
etc...

These mega companies were once an idea, then developed and gain huge profits while others were merging trying to innovate and compete against other rival companies.
And so as Virtual Currencies, let's see and wait how they grow or drop or maintain the effectiveness and shares in the market.

It depends, being unemployed and at the same time if someone is trying to introduce the BTC or other Virtual Currencies and they're already earning equal or higher than average salary - is a clever start to go, otherwise, like mostly out there that are still hunting jobs on the streets or in the internet and maybe they even wasn't sure about virtual currency benefits then I can say it'll all depends on every persons interests.

Those people who partially know something about BTC but they're not capable enough on technical operation of computers and internet, it is hard to go to this kind of source of income.

Hello Guys,
I just want to ask a question if anyone here has the prediction for the potential of a newer BitcoinCash?
Is this a good time to invest to a newest Crypto Currency?
Do BitcoinCash will surpass the Bitcoin's success?

Let's talk about this, thanks...

It is indeed a good explanation and informative clause. Thanks

Pareho tayo Master, pero lesson na natin to. kapag may uusbong na mga bagong virtual techs di na natin dapat tawanan lalo na kung isa tayo sa mga mka benefit o kumita...

Hello Guys,
Kahapon ay nanganak ang Bitcoin ng isang batang malusog na si BitcoinCash.
Sa palagay niyo, maganda kayang mag invest sa BitcoinCash?
May trivia na lumabas sa Facebook na kung nakapag invest tayo ng Bitcoin ng $10 (sampung dolyar) noong 2009 ay ngayon aabot na ng mahigit $1M ang share ng per investor.
Ano sa tingin niyo ang future ng BitcoinCash? kasing successful kaya siya tulad ng Bitcoin?
May lilipat na ba sa www.BitcoinCash.org ang mga members dito?

Usap tayo Guys, salamat

Thank you for your good information.
There were too many virtual cash available to use for payments, remittances etc. since before and even today but the currency used is the same currency of the country under company circulation limit, unlike Bitcoin, I can't fully figure out where actually Bitcoin began, made, stored, circulate, going etc... right? This kind of information is beyond my knowledge and skills for now.
Thanks again.

Thanks, now I see why Bitcoin is the first thing will came up to our minds when talking about virtual or crypto currencies...