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To say that Bitcoin cash is just a currency is to simply its functions and capabilities. BCC is a commodity, as well as a currency. Anyone with a computer can, potentially, start mining BCC. CPUs are used to carry out enormous calculations, with the aim of finding a specific sequence of data. It is becoming increasingly difficult to mine bitcoin cash in any great volume, however, and there is a cap of just 21 million until at least Bitcoin cash history The idea of a virtual currency using the blockchain was first discussed by members of the cypherpunk mailing list.
The original premise involved using a distributed database, which would be spread over the many nodes of a peer-to-peer network. The science and code behind the digital currency was developed and perfected by a programmer named Satoshi Nakamoto in , and the platform was launched in Much like finding prime numbers, the process of mining bitcoin cash was relatively easy back in It'll be interesting to see what happens from this point.
It's worth noting again that the general craziness in crypto land is adding additional volatility. So, the indicators and signals are sound, but it may very well go the other way. Keep a close eye on it. Comment: Big drop in the last few hours, but I'll be holding until it reaches target levels or it hits my stop loss.
Have a look at this chart link: Comment: Well, we almost hit stop-loss, but not quite, so the trade is still active. We're almost at a point where bullish and bearish behaviour collides. Basically, this means there's a great deal of pressure from above and below, and only one can win. The one that does win usually enjoys a strong and quick price movement in the relevant direction. I'll be moving my stop loss up to just under break even level.
There's still a possibility of triggering this via a trailing shadow, but this is a fairly long hold for this kind of trade. I'm still bullish on this trade, but I'm reducing my risk level to zero to negate any downturn. Any profit we make from this point is a bonus. The charts are still moderately positive for us, with some underlying weakness that we will negate via a break even stop loss. Trade closed: stop reached: I ended up taking 4. Lucky, too, as it went on a bit of a downturn after that.
It may bounce back from Ichimoku support, but I think it's done its dash for a day or so. But that's the crypto market at the moment! Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
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Aug 01, · The key to preventing this seems to be the Exchanges who will effect the switch from BTC (or BCC) to (say) US$. To convert your BTC (or BCC) in your digital wallet . Mar 19, · For me, I will choose BTC. Looking at the BCC, it is still in struggling. It just follows the trend of BTC without running on its style and trend. Search. Products. Community. Markets. News. Brokers. More. Get started. BCC vs BTC. ourstation. BITTREX:BCCBTC None. Live BitConnect price in BTC. BCC price is Up by 0% today. Track real-time BCC to BTC charts, market cap, supply, volume, prediction, historical data & more.