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    Thread: All Information About Bitcoin (XBT, BTC, BCH)

    1. #1
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      Default All Information About Bitcoin (XBT, BTC, BCH)

      Cryptocurrencies have gained popularity these days and the most popular is Bitcoin.

      It is a unique currency in that it's a decentralized digital currency. Later in 1 August 2017 bitcoin was split into 2 derivative digital currencies, the first one is the classic bitcoin (BTC) and the new one is Bitcoin Cash (BCH).

      Let's discuss nore about it in here.


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    3. #2
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      Bitcoin has risen so much it had been scary, in fact, there are two schools of thought, one that it would continue to rise till $10000 or more by the end of the year. Because of this there are a lot of sites popping up to provide bitcoin. However, there are a lot of scams around and people need to be aware of that.

      The other school of thought that we have missed the boat and it is a bubble waiting to burst. China is already taken steps to restrict cryptocurrency exchange. So people beware, invest one with money that you are prepare to lose.


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      No doubt Bitcoin is the most interesting investing platform because of its continued higher trend attitude but yes me also feel that now people should be little aware to enter into buy as this may get a huge Jolt anytime ,we should search for a good buy in retracement though.


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    7. #4
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      Quote Originally Posted by PhAnToMtRaDeR79 View Post
      Cryptocurrencies have gained popularity these days and the most popular is Bitcoin.

      It is a unique currency in that it's a decentralized digital currency. Later in 1 August 2017 bitcoin was split into 2 derivative digital currencies, the first one is the classic bitcoin (BTC) and the new one is Bitcoin Cash (BCH).

      Let's discuss nore about it in here.
      Dear Sir,

      I get it that Bitcoin has grown popular among the traders but have you traded this coin type currency instrument? Where the hell it originated? How it is related to which country's economy? You say it is decentralized, okay but who did it or how it got decentralized? How its movements are calculated and how the hell it continues to keep rising even at times when USD was strong????


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    9. #5
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      Later in 1 August 2017 bitcoin was split into 2 derivative digital currencies, the first one is the classic bitcoin (BTC) and the new one is Bitcoin Cash (BCH).
      I'm getting confunse about classic bitcoin BTC and bitcoin cash BCH. Are they both existing at the moment? I know that on August 01, 2017 there was a huge update in bitcoin that my local exchanger emailed me about it.


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    11. #6
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      Quote Originally Posted by balut View Post
      I'm getting confunse about classic bitcoin BTC and bitcoin cash BCH. Are they both existing at the moment? I know that on August 01, 2017 there was a huge update in bitcoin that my local exchanger emailed me about it.
      Due to the lack of agreements between the Bitcoin community, there was a bifurcation (called hard fork) in the bitcoin protocol to satisfy the need for a greater speed in the transactions. This difference in criteria forced those who believed it necessary an increase in block size to improve that speed to create the BCH.

      Up to date both coins coexist, and those who had bitcoins stored in some wallet before August 1, were compensated with a quantity of BCH similar to the one that they had of BTC.


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    13. #7
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      Still having no response from fellow super moderators, moderators, traders experienced view and experience while trading in it. I was hoping that someone might share all the informations I requested. Guess we are all in same boat.


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    15. #8
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      Dear Star_amin, maybe you could find answer to some of your doubts here: https://bitcoin.org/en/faq

      If once you have read the basics of the bitcoin ecosystem you have some doubts, I could gladly support you.

      Regards!


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    17. #9
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      Quote Originally Posted by PhAnToMtRaDeR79 View Post
      "Cryptocurrencies have gained popularity these days and the most popular is Bitcoin. "
      One can say that the future is now already here. There is now these what are called cryptocurrencies, which one may call as virtual currencies. It all started with bitcoin, and having gained popularity and acceptance, a lot of others follow suit. I say it is the currency of the future because bitcoin has no central authority. In fact it has no authority. No one controls it. It operates on a peer-to-peer network and it is only protected by cryptography. Bitcoin and others are now being used as online currency exchange but they are quite different from the other online currencies. It certainly be worth the while if not expedient to know and learn all about bitcoin and the other cryptocurrencies.


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    20. #10
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      The bitcoin is the currency of now a days, there is no doubt in it that the bitcoin is touching its peak day by day but the pretensions are that the bubble of bitcoin rise can be burst at any time specially recent declaration of china of not involvement in it indicates something important to click the mind. There fore I will recommend to wait and watch and invest that much only which you are ready to loss.


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