By the Numbers: What a First Day for Bitcoin Cash -- The New Fork of Bitcoin. What Does It Mean? Where Will It Go?? A Piece of History We All Were Part Of!

in #bitcoin7 years ago (edited)

All the Crypto Veterans have seen things like this before with one type of coin, or even Bitcoin splits in the past. A lot of new people are coming here into Crypto daily and don't know where to look for info, what it means, what to think or what to do.

I always remember that in my blogs and replies if you have noticed, I speak plainly as best as possible so new crypto folks can understand a bit better.


Screenshot of the Top 8 Coins! ( By the Numbers, this is huge. HISTORY! )

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CoinMarketCap.com RANK for the day: #4 (1st day of fork, 12 hours after launch!)

Bitcoin Cash - Coin Name

Total Market Cap - $6,239,449,580 (BILLION)

Coin Price: $378.56 (in $ USD)

16,482,063 ( Coin Supply / # of Coins )

BCH - (Coin Exchange Symbol/ Ticker symbol )

24 hour volume and we are only 12 hours old / in - $51,033,200

Gains over 24 hours: 28.10%



Now this coin before launch in the Futures Market was trading on and off the last week or so btw. $350 and $600 per coin, depending on when and where you looked.

How many other coins have launched in the first 12 hours and touched, or traded clearly in the $350-$400 USD range????


EDIT 1-- Now around an hour after I put this post up, I went to Bittrex and yes, it is still trading very very high there!!!!


EDIT 2 -- 1.5 hrs after this post went up, things continue to climb, look at this - now Midnite, EST -- so about 15 hrs after launch and still heading North... Look at the 50% gains!!

It translates to an $80 USD gain in about 90 mins!!!

This day and coin volume here -- has literally made the Crypto Market Cap crack the $100B again, for the first time in weeks!



July 24th Pre Launch / Futures Value:


Midnight July 26th, 2017 to August 1st 2017 - 9:43 pm EST (7 day chart)


Day 1 Chart - Launch / Fork Day - 1st 24 hours from 3 am well before Fork happened til current (9:47 pm EST - so about the 1st 13 hours now of the coin's life)

https://coinmarketcap.com/currencies/bitcoin-cash/


Historical Charts complete screenshot of the first day of the new Bitcoin Cash coin on day 1 " The Forkening" :


Quick Note -- This chart info above is so recent, it has not even rolled over yet, as you can see -- to the actual August 1st date -- which it clearly is...... it rolls over tonite in the next 2-3 hours or so..... so this is neat in itself.

Proof for the Blockchain it is actually the time / stamps I say it is in this post:

https://coinmarketcap.com/currencies/bitcoin-cash/historical-data/


https://www.reddit.com/r/BitcoinABC/


MARKETS BEING TRADED:

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Did you notice today the total Crypto Market Cap JUMPED up ~ $7B??????

Did you notice all the GREEN in the market with so much new volume and huge gains across the board???

Did you notice that the volume alone of just Bitcoin Cash the first 12 hours of its life when it came online, was about $6B - meaning the total market boost today, essentially came from Bitcoin Cash.


Total Crypto Market Cap the last 24 hours:

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Total Market Cap EXCLUDING Bitcoin (similarities much?? LOL)

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How do you feel it is going overall so far??


Thanks for reading, have a nice day.

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https://steemit.com/bitcoin/@barrydutton/jaxx-wallet-coin-split-they-will-officially-disable-bitcoin-wallet-transactions-aug-1st-at-approximately-8-am-est-as-per-their

https://steemit.com/bitcoin/@barrydutton/bittrex-exchange-has-disabled-bitcoin-wallets-before-the-forkening-tomorrow-aug-1st-they-have-been-offline-all-day

https://steemit.com/bitcoin/@barrydutton/steemit-family-bitcoin-forking-family-chat-1-how-are-you-preparing-your-coins-holdings-for-the-coming-changes

https://steemit.com/steemit/@barrydutton/facebook-wallet-fridays-show-me-yours-or-e-8-or-that-s-right-think-on-that-a-new-series-for-outreach-and-to-give-fb-the-business

https://steemit.com/bitcoin/@barrydutton/crypto-101-or-video-just-released-andreas-antonopoulous-bitcoin-q-and-a-unlimited-vs-cypherpunks-4-mins-super-practical-resource

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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.

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Sort:  

I'm just thankful it's done, and my alt coins are all in the green again!

Interesting!
Let's see how the hard fork ends =)

And why is the price of Bitcoin Cash so much higher on Bittrex than on Kraken? Are all the miners dumping their Bitcoin for Bitcoin Cash and thereby driving the price up??

Do you think this forkening may be the demise of the parent coin this time? At 8 times the Mb/s speed of the original, will one of the branches finally take down the old tree? Or could this all crash, burn and fizzle, inflated by people playing the suckers, erm, late investors?

It's just another alt.

On with the show -lets put it behind us

You're right @barrydutton. This fork is a huge success and a boon all other cryptocurrency. Everything is up!

I think this successful split could spur another major move higher for bitcoin.

I'm so thrilled be part of this event! thank you BTC and BCC.

Upvoted & RESTEEMED!

Yeah I have like 3 Bitcoin cash right now. Wish I was awake when it first went on the market on bittrex :(

It's been trading at ATH steady for the last 5 hours almost!!!!!! Get on there!

Yeah I should have sold at the highs! Instead I held it at lost 1,500$ of profit. Lost hundreds of dollars of steem that i invested too!

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