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#Bitcoin Cash Price Analysis

5 reasons which predict bitcoin cash rise this year.

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Bitcoin is experiencing issues with its scalability. The block size was the limitation. Here are five reasons which mark the Bitcoin cash rise in 2018.

2018 is the year for Bitcoin cash rise.

Introduction

Bitcoin was initiated in the year 2009, followed by which, due to a number of inefficiencies and drawbacks of the cryptocurrency coin, a number of hard forks along with many other cryptocurrencies well developed in order to mitigate the real-time issues. A hard fork is nothing but slight change in the working mechanism of an existing cryptocurrency coin and developing a brand new coin out of it. Until now, Bitcoin is the only cryptocurrency with the highest number of forks. Many forks have become popular due to their use cases, and many of them have completely lost among the myriad of cryptocurrencies.

 

Bitcoin Cash rise is inevitable

Among Litecoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Dark, and many other Bitcoin forks. Bitcoin Cash has been the only one which has successfully been able to tip the popularity among the investors as well as the cryptocurrency market in general. In basically makes a small change to the cryptocurrency working mechanism. Bitcoin was experiencing issues with its scalability as a number of people started to use it for various purposes. Therefore, the block size was the limitation. Below are the five reasons which mark the Bitcoin cash rise in 2018.

1. Bitcoin Cash effectively increased the block size from 1MB to 8MB. This was highly useful as more number of transactions could be accommodated within a single block and hence scalability was mitigated. According to its working mechanism, the Bitcoin cash community as predefined that scalability would consistently be resolved at an interval of 6 years, where the block size would be increased according to the market demand. Also most recently in the year 2018 itself, the Bitcoin Cash community had come forward, in order to meet the scalability requirements and increased the block size from 8 MB to almost 32 MB. This increased the capacity by 4 times the previous capacity.

 

2. The Bitcoin cash rise is inevitable as the cryptocurrency coin since its inception has been receiving amazing infrastructural support and many cryptocurrency wallet providers, payment method Agencies, as well as cryptocurrency exchanges,  have incorporated Bitcoin Cash. It is one of the most popular and important Bitcoin forks. The investors must consider investing in Bitcoin Cash, as the market is going to experience the Bitcoin cash rise recently. It is estimated that no other cryptocurrency coin has been able to attract so much popularity within such a small time window.

 

3. Its amazing support from the community members has been one of the major reasons for its sustainment in the market. It is said that the community had been formed, way before the hard work was initiated, and they even were banned from Reddit discussions, for discussing the importance of increasing the block size. They were constantly being suppressed but were stubborn enough to stick on to their idea. Also, the community members were able to improve the Difficulty Adjustment Algorithm within the Bitcoin cash working mechanism.

 

4. Bitcoin cash has been the closest to the vision of Satoshi Nakamoto which indirectly renders the Bitcoin cash rise. The Bitcoin cash community has successfully been able to implement a scalable blockchain network, which can be utilized be by all the members throughout the world, with low transaction fees and negligible delay. The fees are very crucial, as it is still highly unaffordable by the citizens of various developing nations across the world and Bitcoin Cash seems to care about them too. This would definitely lead to Bitcoin Cash rise in 2018.

 

5. The transaction fees have been one of the most prominent reasons for Bitcoin cash rise even in the past. The transaction fees are constantly kept under control through an increased block size and indirectly accommodating more number of transactions per block. As the community members are further looking forward to increasing the block size on a consistent basis the transaction fees would invariably be under control.  Its constant improvement within the blockchain network has been able to make Bitcoin cash one of the cheapest in terms of transaction fees when compared to other cryptocurrencies.

 

Closing thoughts

Bitcoin cash rise is inevitable by the end of 2018, as more number of investors, as well as users, would come forward and incorporate the Bitcoin cash. The experts also predict that there is a lot of innovation that is to come up, with the further development in the Bitcoin cash.

#Bitcoin Cash Price Analysis

BCH Flying higher? Bitcoin Cash Price Analysis 21 Sep

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Bitcoin cash price moved into a positive zone above $440. BCH/USD plunges towards the $440-445 zone could locate a solid purchasing interest.

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price revived and broke a noteworthy resistance close $440 against the US Dollar.
  • Yesterday’s featured vital bearish pattern line was ruptured at $435 on the hourly diagram of the BCH/USD pair (information feed from Kraken).
  • The pair is as of now remedying lower, however plunges close $445 and $440 stays very much supported.

Bitcoin cash price moved into a positive zone above $440 against the US Dollar. BCH/USD plunges towards the $440-445 zone could locate a solid purchasing interest.

Bitcoin Cash Price Analysis

Recently, we examined a significant resistance close $440 for bitcoin cash price against the US Dollar. The BCH/USD pair made a pleasant upside move and broke the $440 resistance zone. There was a solid purchasing interest rose around the $425 support territory, bringing about an upward move. Bitcoin cash price soared higher and moved over the $445 level and the 100 hourly straightforward moving normal.

Amid the ascent, yesterday’s featured essential bearish pattern line was ruptured at $435 on the hourly graph of the BCH/USD pair. The pair exchanged over the $460 level and framed a high at $466. Afterward, there was a drawback redress and bitcoin cash price declined underneath $450. Besides, there was a break underneath the 23.6% Lie retracement level of the last wave from the $423 low to $466 high. Be that as it may, there are numerous supports on the drawback close to the $440 level, which was a resistance before. The half Lie retracement level of the last wave from the $423 low to $466 high is additionally situated at $444.

BCHUSD Price Chart 21 September

BCHUSD Price Chart 21 September

Taking a gander at the outline, BCH price may amend lower, however plunges near the $440 and $445 levels are probably going to discover offers. On the upside, a break over the $460 level could set the way for $480 in the close term.

Taking a gander at the technical markers:

Hourly MACD – The MACD for BCH/USD is back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is well over the 50 level.

Significant Support Level – $440

Significant Resistance Level – $460

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#Bitcoin Cash Price Analysis

No more gains for BCH? Bitcoin Cash Price Analysis 20 Sep

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Bitcoin cash price is exchanging above $400 against the US Dollar. BCH/USD is confronting two or three vital resistances close $445 and $450 levels.

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price plunged as of late, yet it discovered support close $410 against the US Dollar.
  • There is a noteworthy bearish pattern line set up with resistance close $440 on the hourly graph of the BCH/USD pair (information feed from Kraken).
  • The pair needs to move over the $450 leap for more gains in the close term.

Bitcoin cash price is exchanging above $400 against the US Dollar. BCH/USD is confronting two or three vital resistances close $445 and $450 levels.

Bitcoin Cash Price Resistance

Amid the previous couple of days, bitcoin cash price exchanged a range over the $400 handle against the US Dollar. The BCH/USD pair tried the $400 and $410 support levels on two or three events and stayed well offered. There was a solid ascent as of late after bitcoin cash price shaped a low at $408. BCH price hopped over the $425 and $430 levels, however merchants shielded the $445 and $450 resistances.

There is additionally a noteworthy bearish pattern line set up with resistance close $440 on the hourly graph of the BCH/USD pair. The pair remedied bring down beneath the 23.6% Lie retracement level of the last wave from the $408 low to $442 high. It appears as though bitcoin cash price may keep on moving down towards the $425 level. It speaks to the half Lie retracement level of the last wave from the $408 low to $442 high. Underneath this, bitcoin cash price could test the $410 support in the close term. On the upside, BCH price needs to break the $445, $450, and the 100 hourly SMA for more gains.

BCHUSD Price Chart 20 September

BCHUSD Price Chart 20 September

Taking a gander at the graph, BCH price could keep on trading in a range over the $410 level. Once there is a legitimate close above $450 and the 100 hourly SMA, bitcoin cash price may maybe ascend towards $500.

Taking a gander at the technical markers:

Hourly MACD – The MACD for BCH/USD is in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is simply around the 50 level.

Significant Support Level – $410

Significant Resistance Level – $450

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#Bitcoin

BCH Money Button: Bitcoin Cash vs Bitcoin

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The BCH Money Button is a plugin or API which was developed for its integration with Yours.org, which allows seamless Bitcoin Cash transactions.

Gaining complete insights on BCH Money Button.

 

What’s an API?

The Application Programming Interface is a small piece of software code. It acts as an interface between two or more databases, Applications, and systems. They basically have the functionality of delivering your request to a particular server and receiving back the response from the server to your end. The entire internet and most of the payment channels are exclusively based on the Application Programming Interfaces, which is predominantly provided by many payment gateway providers. The APIs can easily be integrated with a particular website, application, or software and acts as an intermediary which enables a seamless interaction between different systems.

 

BCH Money Button: a payment API

The BCH Money Button is one such plugin or API which was predominantly developed for its integration with Yours.org. In fact, it was developed by the members of yours.org, which allows for seamless Bitcoin Cash transactions to be initiated on the Blockchain powered social media and content curation website. Yours.org is specialized to assist the content creators, in earning some profits through their contents. Ryan X Charles, who is one of the lead developers in the creation of the interface, also released a beta version so that the users can familiarise themselves and also, the developers can be exposed to the exceptions and bugs in their code.

 

BCH Money Button: an initiative by Yours.org

The Money button interface basically requires a valid Bitcoin cash address to initiate transactions based on it. It is highly difficult to imagine the condition of such tipping services through the traditional currency systems. Yours.org is a blogging website which entails innovative methods of content creation and propagation. They use paid comments, micropayments pay walls, etc. in order to optimize the entire ecosystem. Immediately after the inception of Bitcoin Cash, Yours.org was put on a show before the world. The Money Button interface was the outcome, of a consistent request for a payment system, which could easily be integrated for the usage, by third-party applications and websites.

 

How secure is BCH Money Button?

The BCH Money Button is also regarded as one of the most simple interfaces which can easily be integrated for its usage. It is also highly secure, as the personal funds which are transferred through the BCH Money Button interface, is not in the control of the interface and is safely transferred through the Bitcoin cash Blockchain. The BCH Money Button can be presumed as, a non-custodial wallet based on Bitcoin cash platform which predominantly runs on the user’s device. The BCH Money Button provides an amazing accessibility to the Bitcoin Cash blockchain.

 

Even Bitcoin and Litecoin were considered for the BCH Money Button

It is interesting to know that the developers at the BCH Money Button, were looking out for ways to integrate the technology with the usage of Bitcoin or Litecoin, before actually settling down with Bitcoin Cash. By testing their payment channel with Bitcoin, they concluded that the high amount of transaction fees was not resonating with their architecture. Even with Litecoin, as the transaction fees were lower when compared to Bitcoin, they had finalized it, but with the inception of Bitcoin Cash in 2016, they instantly switched to it, as its transaction fees were almost 30x lesser than Litecoin. The payment channels also was absolutely not an issue with BCH.

 

How did Bitcoin Cash gain an advantage over Bitcoin and Litecoin?

During the beta version release of the interface, the developers extensively made use of the time window and were successfully able to point out 2 critical bugs in BCH Money Button interface code. Due to the incorporation of the BCH blockchain, they were able to save enough time, by not worrying about the payment channel issues, during the beta stage, as it was taken well care by the BCH blockchain. The developers also revealed that incorporation of BCH helped them in reducing their program code by almost 10,000 lines.

 

Funding for BCH Money Button

The BCH Money Button payment service seems to be highly reliable, through their website interface and also through their expert developmental team. The project has been funded by many Angel investors along with some of the most prominent Blockchain based organizations like nChain (a blockchain based Research and Development Institute), Bitmain (one of the largest Bitcoin mining pool from China), DCG ( Venture Capitalist), etc.

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