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When BCH comes out, BTC will drop its price

Publish: 2021-04-16 10:22:05
1. bitcoin and bitcoin cash (BCH) have the same mining mechanism. Miners will choose whether to dig bitcoin or bitcoin cash according to the level of mining income. It is a normal phenomenon that bitcoin computing power increases and bitcoin cash computing power decreases
in short, it is a redistribution of computing power driven by interests.
2. 1. According to the bitcoin mining mechanism, it will eventually be infinitely close to 21 million, but it will never be reached
it can be roughly understood as the relationship between 0.9 (9 infinite cycle) and 1
2. Even if there is only one bitcoin left in the world, it means that there are 1000 0.1 bitcoins and 100000 0.01 bitcoins in the world
let's assume that the function of bitcoin is equivalent to that of gold as a currency anchor (in fact, it also has this function). You will understand that there are 21 million bitcoins in the world and only 0.1 bitcoins in the world are the same. The currency itself or bitcoin

for example, if the number of bitcoin in the world is reced to one tenth, the market price of bitcoin should be 400000 yuan (to understand this needs a certain economic basis)

so whether bitcoin is in circulation or not has nothing to do with the quantity.
3. Yes, click BCH currency details in the asset page, and switch the K line to BCH / eth, then you can see the ETH value of the purchase cost at that time and the final profit and loss of eth.
4. Now the price of bitcoin cash is about 7800 yuan. The highest price of bitcoin cash was about 28000 yuan when it was first born, and it was about 2000 yuan when it was first born
bitcoin cash is affected by the tightening of domestic policies, and its price will continue to be low, especially the two sessions and G20 summit in March, which will have a huge impact on bitcoin cash. If the policies are good, bitcoin cash will return to the high point, if the policies are bad, it will continue to shake the market.
5. In the last rising cycle, BTC usually experienced multiple 30% + correction, and the average increase after each correction was 153%. That is to say, if you can buy accurately at every low point, you can get an average return of 150%
since then, the pie has risen to US $14000 for more than a month. Today, it has been nearly two months since this high point. At present, the range of shock is almost a 30% callback
so, according to the historical situation, we are likely to experience another 150% rise this year? And if it can be realized in the next few months, it also means that the bear market is really far away from us:
however, it should be noted that the above is based on the rising cycle in history, and now, logically speaking, we can't be 100% sure that we must be in a rising cycle now. If we choose this chart today, we also want to remind the players who are looking at the general trend, Or we should be cautious to do some catch-up and sell down, or wait for a "bottom hunting" point, because it is possible to miss one or two times the income of ten or twenty points
time really flies. It is expected that bitcoin will rise to US $15000 by the end of the year
6. Introction: bitcoin cash is a branch of bitcoin. In order to solve the problem of long transaction time of bitcoin, at 20:20 on August 1, 2017, a small number of mining machines began to use 8m block to start mining, and the transaction confirmation speed was thousands of times faster than that of bitcoin using 1m block< Br > release time: bitcoin cash is a hard fork of bitcoin on August 1, 2017< < br > maximum supply: 21000000bch < br > current total circulation: 16959625bch < br > market volume: currently accounting for 5% of the cryptocurrency market < br > market value: $21882632910 < br > Future Prospects: bitcoin cash (BCH) is a cryptocurrency representing large blocks, which was born in August 2017. Bitcoin cash (BCH) focuses more on chain trading. Therefore, compared with bitcoin core, bitcoin cash (BCH) has the advantages of low handling charge, no congestion and irreversible transaction.
7. Among the top ten digital currencies listed by the Wall Street organization fundstrat, BCH ranks first. Therefore, BCH has more investment value, flexibility and innovation
it is reported that Microsoft has accepted bitcoin cash deposit and zero confirmation instant payment, and there is no transfer fee for bitcoin cash recharge, which is different from the 1.2% transfer fee for bitcoin recharge. Another interesting phenomenon is that Microsoft has put BTC and BCH payment options on the "bitcoin" option on its website. Companies such as tor browser, overstock.com and eff also gave the same answer. The outside world holds a neutral attitude towards who is the real bitcoin. Let users choose for themselves and they will give the right answer
"a hundred legged insects, die but not stiff" is the most appropriate word to use in bitcoin. Bitcoin has been preconceived and has great influence in the society. In the short term, it is a mountain that is difficult to surpass. However, users will give the best choice according to their experience. As time goes on, BCH has low service charge, low cost and low cost The advantages of convenient payment will graally be recognized. At that time, Nokia used to be the dominant mobile market. At the peak of 2010, its market share was as high as 35%. When it was prosperous, it would decline. Because of its complacency, Nokia lost touch with the smartphone market and was acquired by Microsoft only three years later. It will take time to see whether bitcoin will follow Nokia's footsteps, but whether bitcoin cash can become a rising star is self-evident.
8. It's not very good at the moment. The electricity charge is high. It's better to buy directly. The platform is easy to operate and suitable for the public
9. Any short-term forecast is invalid, and the long-term forecast is not accurate enough, so I don't think there is an accurate answer to this question. It is suggested to read black swan. Anything is possible.
10. When bitcoin cash (BCH) was born on August 1, 2018, its price was about 2000 yuan, and now it is about 8000 yuan. Bitcoin cash up to 28000 yuan
of course, bitcoin cash has been forked once. The forked currency can be traded on microbit, and the price has plummeted a lot, which is basically negligible. This is also the case with most of the forked currencies
bitcoin cash has removed isolation verification, and currently supports 8m, which has great advantages in stability and handling charges.
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