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HODLing Onto Bitcoin Cash (BCH) in 2018

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The Bitcoin Cash (BCH) network has seen some major improvements even when the price of the cryptocurrencies had seen a major drop in the first quarter of 2018. The price of Bitcoin Cash had also fallen as a result of the talks about the regulations on cryptocurrency trading and the overall negative sentiment in the cryptocurrency market. The development phase of Bitcoin Cash includes merchant adoption, infrastructure and the creation of many on-chain applications. In the second quarter it has already been observed that many crypto coins are on the way to recover from the bearish trend of Q1. At the time of writing, according to coinmarketcap.com, the price of BCH shows $1,401.37 USD approximately and is ranked at 4th position. (As of 30th April 2018) In fact, there are many reasons to hold onto Bitcoin Cash (BCH) in the present year.

On-Chain Social Network, Memo:

Memo is basically an on-chain social network site that has been developed on the network of Bitcoin Cash. From the developer of Memo, “I’m happy to announce the launch of Memo, an on-chain social network built on Bitcoin Cash — Memo is both a protocol and a front-end application.”… “The protocol works by writing transactions to the Bitcoin Cash blockchain. Client applications can read these transactions to see the activity on the network.” The profile created by a user of Memo will be connected to a specific BCH address and will also have a public/private key pair. The user can then link certain data like a quote, a particular date or a website URL through the platform. The data must be hashed using an OP_RETURN transaction into the Bitcoin Cash chain.

Companies Starting to Adopt Bitcoin Cash (BCH):

With the development of blockchain technology and the increase in the number of cryptocurrencies, many vendors see the need of adding the crypto coins as a mode of payment. There are many vendors that are looking forward to BCH. Recently, 5 vendors including a cafebar have included Bitcoin Cash (BCH) to their list.

  • Goldsilver: Goldsilver was founded by Mike Maloney and deals in the selling of precious metals like gold and silver in the form of bars, jewellery and coins. The company has also incorporated Bitcoin (BTC) into their payment system. However, the payment has to be conducted through Bitpay.
  • Coins Crypto Cafebar: Like many Japanese vendors, a new cafebar has also accepted BCH into their system. Japan has already declared in the last year through Payment Services Act that paying with cryptocurrencies is also legal. This cafebar will be having a grand opening on 12th May in Osaka. Till now, 15 different crypto coins have been included by the cafebar.
  • Safecast: Safecast, in the words of its Director of Global Operations, Sean Bonner “design the hardware and software for specific environmental monitoring”. Their products are mainly hosted on the website of Kithub. Kithhub, in turn, accepts payment made using BCH through Bitpay.
  • Undertech: The Company specialises in selling concealed-carry clothing like jackets, leggings, vests and holsters. As Undertech has recently incorporated Coinbase Commerce as a checkout option, the customers can now pay using BCH, ETH, LTC and BTC.
  • Rebecca Z: Rebecca Z is a Japanese jewellery website that focuses on everyday jewellery for working women. To make the payment procedure easier they had started accepting Bitcoin (BTC). Now, the company also accepts Bitcoin Cash (BCH) as a mode of transactions.

Increase in Bitcoin Cash Meetups Worldwide:

There are many ways of supporting a cryptocurrency and meetup is just one of many. Meetup is basically a platform where one can form groups and start a discussion regarding their area of interest. It also includes discussion forums on cryptocurrencies. Meetups regarding BCH had already attracted many cryptocurrency enthusiasts, traders and investors since the beginning of its journey. Recently, the growth of the BCH group meetings has increased exponentially. People from Tokyo, San Francisco, London, Hong Kong, Beijing, Sweden and numerous other places meet up regularly. Bitcoin Cash Fund and many other non-profit organisations facilitate the BCH meetups worldwide.

The above-mentioned points are the latest developments observed on the Bitcoin Cash network. One simply has to invest in Bitcoin Cash (BCH) and hold on to it and take the advantage of rise in price as BCH continues its adventurous trip.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Marco Verch via Flickr

Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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