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Bitcoin cash outlook 2018What to Expect From Bitcoin Cash (BCH) Hard Fork in November ?
There are several other ones. Bitcoin ABC created the mining node that gathered a huge fanbase. It supports all the latest technology improvements for BCH, setting the way for Avalanche to come. Since the team cannot work for free forever, they have decided to change the core consensus rules.
They are going to put the funds in place to keep making the BCH network a competing project. The funds will go to BCH community members, as well as to the team. They blame the development team for asking too much money. The beauty of the hard fork is that you get free coins. However, you must possess the parent cryptocurrency, in this case — Bitcoin Cash. When Bitcoin Cash has forked off Bitcoin , people were angry. However, the situation changed.
Today, BCH has gathered a ton of subscribers, fans, miners, and appreciation. People in the BTC community received free coins in a new blockchain. Moreover, many of Bitcoin maximalists were praising Bitcoin Cash since They saw rapid evolution and growing community support around this coin.
Previously, Bitcoin SV was created via a similar fork in This time, the majority of BCH businesses and the community seem unhappy about the new drama.
Pay attention to a wallet where you store the coins. To receive free coins, your BCH must reside in a personal wallet. You can keep trading till November and withdraw from exchange two days before Bitcoin Cash hard fork begins. After the split, use the latest version of the ABC wallet to access your new coins.
You can also return BCH to exchanges if you need it. During such forks, cryptocurrencies usually gain and lose in value, showing extreme volatility.
Such chaos will likely occur with BCH too. An ongoing bullish momentum suggests that a break above the upper trendline is the most probable. Besides, the Relative Strength Index reinforces the bullish outlook after crossing above the midline.
The price action above these crucial levels doubles down on the growing bullish grip. The supply in this zone could absorb some of the buying pressure. Here, around , addresses previously purchased, roughly 1. It is doubtful that the token will slice through this support in the coming sessions to invalidate the uptrend. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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