Bitcoin Cash (BCH) is a fork of Bitcoin (BTC). Bitcoin forked into two parts after two years of controversy on August 1, 2017.
Bitcoin Cash was created as a result of an unresolved dispute among Bitcoin miner communities about ways to scale it. Since Bitcoin Cash is a fork of Bitcoin, each Bitcoin owner, subject to certain conditions, can receive the same amount of Bitcoin Cash.
BitcoinCash (BCH) began trading on August 2, 2017. As of August 15, its value was 13.8 times less than Bitcoin.
By its nature, Bitcoin Cash is also deflationary, that is, the maximum amount of its emission is limited. Accordingly, an increase in its popularity will lead to an increase in its value.
The key point is that Bitcoin Cash aims to become a cryptocurrency that is intended primarily for payments.
To easily purchase Bitcoin Cash, you can use specialized crypto exchanges. However, to make money from changes in its value, it is better to use a broker and trading platforms. For example, Metatrader 4 or Libertex. These platforms make trading easier and allow you to use leverage.
BCC cryptocurrency - BitConnect
BitConnect digital currency is a peer-to-peer electronic payment system that is community-oriented, decentralized and open source. This digital token allows users to engage in lending, investing, buying shares, paying for various services on the network, storing their capital in non-state currency and engaging in various types of earnings.
BitConnect's initial coin offering (ICO) took place last year between November and December. The procedure was successful and immediately after its completion, the created coins were put into circulation on the Bittrex trading platform, where users who bought them were able to use them in their financial transactions. More than 4 million coins were sold.
Benefits of BitConnect
1. BitConnect occupies a consistently high position among other cryptocurrencies, and it has an impressive army of its holders;
2. It is considered a reliably protected token, due to its high degree of protection;
3. The BitConnect project operates on most well-known operating systems, which characterizes it as a universal means of payment;
4. The community has a policy of autonomy; changes to the project are allowed only with the consent of all community members;
5. Instant transactions;
6. Increase in popularity.
Negative aspects of BitConnect
1. There is a risk of loss of investment;
2. Hack attacks are possible, because now even the most popular security measures do not guarantee 100% security against hacking;
3. Like most other electronic money, BitConnect does not have any collateral;
4. Mining coins has become increasingly difficult lately.
As I told my channel subscribers before telegram, I did not believe that Bitcoin would split. But, just in case, I made money on the Bittrex exchange, which promised to give everyone coins (BCC cryptocurrency) in the event of a possible hard fork. And he bought a lot of altcoins, on the advice of analysts at the Golden Island club. On August 1st, the process of activating Segwit on the Bitcoin network was launched, which should be completed on August 8th. After this event, BCCs actually appeared in my office! The funny thing is that I can’t even call it a full-fledged hard fork. The smart-ass Chinese simply created a regular copy of Bitcoin and pushed it onto the exchanges. What to call it correctly: hard fork, soft fork, difficult fork, Chinese sticks - who knows! But that’s not the point, the point is that this fucking fork (BCC) was pumped up quite well! And now it is the 3rd largest cryptocurrency by capitalization.
In general, I lost two thirds of these BCCs on the exchange and received 4.5 bitcoin or $12,150 for free out of nothing! Now I can buy some fucking Hyundai with this money, but I don’t really need it, so I went to spend the cabbage on pasta in Italy!
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The BitConnect crypto coin is a peer-to-peer decentralized digital currency aimed at the cryptocurrency community of users. This project is distinguished by its open source nature, as well as the fact that it allows users to earn money using digital currency by investing it in projects. BCC cryptocurrency is a peer-to-peer decentralized coin that allows you to make a profit by conducting digital transactions through changes in the rate of cryptocurrencies.
The BitConnect coin entered the cryptocurrency market in November 2016. This currency is a decentralized internal payment instrument of the Bitconnect crypto network. The structure of the Bitconnect network assumes the possibility of issuing 28 million coins. Financial transactions carried out within the network between users are recorded in the distribution book with preliminary verification through network nodes. At the same time, the network uses Proof of Work (PoW) and Proof of Stake (PoS) as a confirmation algorithm.
The use of two cryptocurrency algorithms, PoW and PoS, allows for security within the network, which guarantees the safety of funds and the confidentiality of transactions.
This approach helped the creators of Bitconnect attract an impressive user audience who believed in the promises of the authors of this project. However, there is no reliable information regarding the individuals acting as the founders of the BitConnect company. This feature of this project should be alarming, because the factor of concealing the identities of its creators may indicate the possibility of fraudulent actions on the part of others, which will lead to the loss of investors’ funds.
The BitConnect cryptocurrency coin (BCC) is an internal payment instrument of the digital platform of the same name. This project is based on the principles of decentralization, confidentiality of financial transactions, and open source code. All this allows us to ensure the most secure and easy interaction between users and the system to obtain mutual benefits in the form of final profits.
At the same time, the specific structure of the Bitconnect network guarantees the security of stored funds and non-disclosure of individuals owning digital assets. All this allows this project to attract an increasing number of users who are interested in the possibility of making a profit using crypto.
This digital coin provides the opportunity to earn money by conducting exchange transactions with fiat money and cryptocurrencies, as well as receiving profit in the form of accrued interest on funds invested in the project. All profit received is credited to the user to his personal wallet in the BitConnect network. Thus, the money accrued to the user for providing support for the network and improving the security of its operation will be kept completely safe from intruders.
The use of the BCC coin and its parent platform Bitconnect for transactions provides users with ample opportunities to manage existing digital assets in the absence of intermediaries in the form of banking organizations and government agencies. This makes the digital network safe, and also completely eliminates the possibility of changing the primary conditions of interaction between users and the site and eliminates the need to pay hidden fees.
At the same time, the platform provides reliable protection of crypto-assets from possible theft and provides users with full responsibility when conducting financial transactions.
Such features of this crypto project initially helped it increase its level of capitalization in relation to the dollar and other fiat currencies. In turn, this contributed to the expansion of the user audience.
The BitConnect cryptocurrency has the following advantages that distinguish it from other similar payment instruments:
All these factors force experts to make positive predictions regarding the future exchange rate of the BCC coin and its subsequent direction of development.
The Bitconnect coin, like any cryptocurrency project, is not without certain drawbacks. The disadvantages of currency include:
It is important to note that the listed disadvantages are characteristic not only of BCC, but also of other cryptocurrency projects.
When considering expert forecasts for 2019 regarding the future prospects and direction of development of the BitConnect site, it is important to note that BitConnect mining allows you to attract new users to this project who are interested in mining these tokens in order to make subsequent profits. Moreover, BCC can be stored in both a paper and digital wallet.
The creators of Bitconnect are constantly in the process of finalizing and improving the cryptocurrency platform. Marketing and advertising programs are designed to expand the number of users willing to invest in BCC.
In any case, it is difficult to make accurate forecasts regarding this asset due to its high volatility. This is a feature of all cryptocurrencies, not just Bitconnect.
If the crypto market moves towards increasing asset capitalization, there will inevitably be an increase in BCC exchange rate quotes. As a result, this will lead to an increase in the capitalization of the entire project as a whole.
Forecasting the BitConnect rate directly depends on how ready the site’s authors are to confront competitors. The cryptocurrency market is developing rapidly and new ambitious projects are constantly appearing on it, ready to attract investors.
It is not yet possible to assess the future prospects of the BCC coin. It is important to understand that its further growth depends on many factors. The question of the advisability of investing in this crypto asset should rest solely with the investor himself. When investing in such an unstable asset as crypto, it is important to soberly assess the existing risks associated with the possibility of losing investments.
You cannot trust the forecasts of one analyst; you need to study the opinions of many specialists who study the principles of the cryptocurrency market and the factors influencing it.
With a successful combination of circumstances and in the event of subsequent growth of the cryptocoin market, an asset such as Bitconnect can bring profit to the investor. Profit can only be obtained in the medium term. This is due to the relatively recent collapse of the BCC rate, which has shaken users’ faith in this coin. Only time will help return cryptocurrency to its former popularity.
It is recommended to invest in this digital asset when it is at its lowest price point. Therefore, now is a good time to invest in Bitconnect.
A profitable way to purchase Bitconnect crypto coins is to purchase them through cryptocurrency exchanges. It should be noted that this coin has not yet gained much popularity like some other cryptocurrencies, which limits the list of exchanges that support transactions using Bitconnect. In any case, to obtain this digital asset through exchanges, you will first have to purchase Bitcoin, Ether or other popular cryptocurrency for fiat money for its subsequent exchange for BitcoinConnect.
Some sites that are online exchangers offer users the opportunity to convert electronic money and fiat currencies to BCC. This method may be convenient and fast for many users. This is due to the fact that exchangers often do not require users to register. To exchange funds for BCC, you just need to indicate the number of the digital wallet where the funds will be transferred, as well as pay the invoice.
If we are talking about crypto exchanges, then registration is indispensable. After creating a personal account, the user will be issued an invoice. After payment, it will be possible to carry out crypto conversion operations. The main advantage of exchange platforms in comparison with online exchangers is that they can offer users more favorable market exchange rates. You can also purchase bitconnect from other users on similar resources.
Purchasing cryptocurrencies from individuals is available not only on exchanges, but also on thematic forums dedicated to the topic of cryptocurrencies. Before transferring money to a seller from the forum, it is recommended that you read reviews about his work. This is important to do in order to minimize the possibility of falling for a scammer. It is important to understand that there are many attackers operating online who take over the funds of gullible people using fraudulent methods.
