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3 possibilites that can happen during the bitcoin cash hardfork

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As the bitcoin cash hardfork is coming closer, investors and traders are worried. Here are 5 possibilities while the bitcoin cash hardfork happens.

As the bitcoin cash hardfork is coming closer, investors and traders are worried about which cryptocurrency would perform better in terms of investment: BCHABC or BCHSV?
BCHSV performed quite good yesterday but fell down towards $170 just a few hours before the bitcoin cash hardfork. The BCHABC is currently trading above $290 while BCH trades around $436. Graig Wright’s new version BCHSV has just 182 nodes for running against 1103 nodes of BCHABC.

Here are 5 possibilities to keep in mind while the bitcoin cash hardfork happens:

1. The death of BCH:

BCH becoming a cryptocurrency with two different ledgers. Right now, there is nobody who is certain about which of the two new cryptocurrencies would survive.

 

2. One coin may surrender over the other:

The ongoing hash wars may end if one of the blockchains surrenders over the other. There is no certainty as to which of the chains would produce the longer chain. Some Cryptocurrency Exchanges are accepting BCHABC while others are accepting BCHSV. A specific timeframe does not exist as to decide which of the chains would be longer than the other.

 

3. Both Versions Survive:

There are possibilities that both of the new versions of the Bitcoin Cash can survive. The BCHSV believers seem to believe that BCHSV will pose as the original Bitcoin Cash. Also, BCHABC believers may not accept their defeat which could end up in creating a new cryptocurrency in which case, the owners of the original Bitcoin Cash would be entitled 2 new cryptocurrencies.

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Is Bitcoin.com misleading people to buy BCH instead of Bitcoin?

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Roger Ver is misleading people to buy BCH rather than BTC for his own profit. We also get to know how bitcoin.om is selling false bitcoin.

Let us start this article with the innovation of a cryptocurrency which shaken the world with its value. It was named as bitcoin. The value of this cryptocurrency reached an unexpected, nothing less than a miraculous height in the year 2017. In the same year, no of expected transactions for this digital currency started to be very high. However, bitcoin has very low scalability. While Visa is capable of doing around 24000 transactions in a second, bitcoin is capable of doing only 7!

Soon, the bitcoin community started two argue for its scalability. It divided the community into two groups. While one group was admired that scalability should be increased, the other was focussed that bitcoin was not born for high scalability. This conflict in ideas gave the rise of BCH i.e. Bitcoin Cash in August 2017.

So, basically, bitcoin.com diverged into two cryptocurrencies: BTC (Bitcoin) and BCH(BItcoin Cash). It should be noted that both bitcoin and bitcoin cash are completely two different cryptocurrencies. If you buy BCH and transact it in the misconception of BTC, you might lose all of your money. It is common doubt that both BTC and BCH are common but always keep in mind, this two although resembles same but is two completely different digital assets. In simple words, these two assets are as different as US Dollar and Euro!

 

How bitcoin.com is misleading people?

As stated above bitcoin and bitcoin cash are two different assets. They resemble and pronounce similarly, hence most of the people are in the misconception that both are same. Bitcoin.com is taking advantage of this confusion among the people. It is selling fake bitcoin. It is also misleading people to buy BCH instead of the original bitcoin. It is using various false and irrelevant information in media through various medium to appreciate bitcoin cash and attract people to buy it in assumption as they are the real bitcoin. But this is completely wrong. If a person is buying a BCH, he/she is definitely not buying the original bitcoin. Bitcoin is taking advantage of the similar names of the two crypto assets and misleading the consumers to buy BCH instead of the original bitcoin.

The reason for this misleading information is quite simple. The value of BTC on February 2, 2019, is around  $3434.40 whereas the value of BCH on the same date is around $ 117.99. Clearly, Bitcoin is having a higher value than the BCH. So, bitcoin.com is trying to sell as much as BCH it can. It will lead to more economic benefit for the company. This is the reason, it is misleading to buy BCH instead of BTC.

Let us look at the misleading facts spread by bitoin.com using Roger Ver.

 

Roger Ver making people fool to buy BCH:

Before, how this person is making fool to inspire to buy BCH rather than BTC, we must know who he is.

Roger Ver is a famous personality in the crypto space. He is one the early supporter of bitcoin. He aimed that it could be an economic lifeline currency. He is the owner of bitcoin.com and he was the leading face for gaining the support of people for buying bitcoin. He is also known as ‘Bitcoin Jesus’ due to his contribution to bitcoin during the initial innovation of bitcoin. But nowadays, he is promoting BCH (Bitcoin Cash) rather than BTC. He is misleading people to buy the BCH and making them fool by convincing them to trust on BCH more than BTC. No one has ever expected such a misleading contribution by the person, they treat as the Jesus of Bitcoin. Let us have a small fact supporting us.

We will be concentrating with two of statements of Roger Ver

  1. “I bought thousands of BCC with my BTC so far, how about you?”. Date of statement: 10 August 2018
  2. “I haven’t sold a single Bitcoin for Bitcoin Cash up until yesterday and I sold about a dozen Bitcoins for Bitcoin Cash”. Date of statement: 25 August 2018.

Wait, did you get confused? You would have surely in disbelief after reading the above statements. I first statement given by Roger Ver on 10 August 2018, he said that he had bought 1000 of bitcoin cash with his bitcoin and asked to have others did so? In the next statement made by him on 15 days later, he refused that he hadn’t sold any of his BTC for BCH till 24 August and he had bought BCH only worthy on 12 BTC. Well, this is completely misleading. This is completely a false move done by the owner of bitcoin.com in perspective for the business’s own profit by misleading people. This is surely not expected from a person like Roger Ver

 

In this article, we got to know how Roger Ver is misleading people to buy BCH rather than BTC for his own profit. We also get to know how bitcoin.om is selling false bitcoin. So, before buying bitcoin from the bitcoin.com, make sure that you are buying original bitcoin, not BCH i.e. Bitcoin Cash otherwise, you could lose all of your money. Be aware of Roger Ver and bitcin.com as for them, it is only the profit of business matters and for this, they could misguide their customers.

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$1.25 million offer by Roger Ver to Opennode for accepting BCH rejected

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According to the latest tweet by Opennode, Roger Ver had offered them $1.24 million to switch their service to BCH but they have rejected the offer.

According to the latest tweet by a software engineer working with Opennode, a company which claims to be the world’s first multi-layered bitcoin payment processor for businesses, Roger Ver had offered the company $1.24 million to switch their service to bitcoin cash but the company has openly rejected the offer calling bitcoin cash ‘inferior money’.


Roger Ver is the founder of Bitcoin Cash and one of the earliest investor of bitcoin who is criticized by many cryptocurrency enthusiasts for misleading investors by glofifying bitcoin cash as the real bitcoin. Roger Ver also owns the bitcoin.com domain name.

 

Opennode

Tim Draper, a well-known venture capital investor had recently invested 1,25 million into OpenNode which is a blockchain development company building bitcoin platforms on the lightning network. Roger Ver had recently posted a video criticizing the lightning network and offered to match Tim Draper’s investment into Opennode if the company switches to BCH rather than bitcoin.

Opennode had tweeted on their official Twitter page today thanking Roger Ver for his offer and openly rejecting it. According to Opennode, an open financial system is only possible with bitcoin:

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Bitmain fires entire team: Bitcoin crashes to $3720 in 1 hour

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Bitcoin crashed to $3720 from over $4000 in just an hour after the news of Bitmain, the cryptocurrency mining giant firing all their employees came out.

After a good week for bitcoin and other cryptocurrencies which traders were calling a ‘Santa Rally’ has gone in vein with Bitcoin crashing to $3720 from over $4000 in just an hour after the news of Bitmain, the cryptocurrency mining giant firing all their employees came out. Right on the Christmas eve, the cryptocurrency market has crashed down with bitcoin falling down over 10% and bitcoin cash over 25% in just an hour of time. EOS is back over Bitcoin Cash again (according to market capitalization). Now all top cryptocurrencies are in the red zone.

BTCUSD 24 hour chart

BTCUSD 24 hour chart

 

Bitmain Firing:

The rumor which flashed in the crypto space about Bitmain firing its Bitcoin Cash development team has contributed to the bear market trend. Samson Mow tweeted recently about Bitmain laying off their entire Copernicus Team with just a week of notice:

Miners going broke

Due to the recent market crash, Bitcoin miners all around the world have been facing massive amounts of losses as some of these are not even being able to cover up their expenses in the bearish trend and as such had to completely shut down their operations. Bitmain which is one of the largest ASIC manufacturing companies based in China had to fire all its employees who worked on the development of Bitcoin Cash.
A youtube video by Digital Gold shows how terrified the miners are due to the current market situation:

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