Unlock your BCH (Bitcoin cash)
The major reason why bitcoin cash is so much right now is simple supply and demand. Out of the 16 million that should currently be in circulation from the split we are looking at more like 3 million max as many people have been unable to claim them.
However as of a few days ago that has changed and now everyone can unlock theirs if they wish. BTC.com launch a recovery tool to help you get access to your bitcoin cash if you had any during the fork.
More access to these coins is surely going to start dropping the price of it but not only that what really does Bitcoin cash have behind it to back it up? The only place it is accepted is a few exchanges to convert it to bitcoin. It can't be accepted anywhere like bitcoin can, its limited to access it even though you honestly own it right now and it does nothing diffrent then bitcoin besides have an 8x block then bitcoin which is currently being worked on.
With that said here is the blog post from BTC.com on how to access yours.
BTC Offers A Secure Tool To Extract Bitcoin Cash From Other Wallets
There is far less than 16 Million btc in circulation, which means that there is less than 16 million bitcoin cash. Satoshi, is believed to control over a million btc which have never moved (and are unlikely to move) plus there are numerous stories of large quantities of btc lost in dumps or house fires etc. It would be quite interesting to try and gain an estimate of actual valid btc that is still under an individuals/ groups control.
Would be interesting to see how many people really do have access to however think its impossible as well :(
It's $693 on #poloniex now, better hurry up - seems that the pump is over. tip!
Thanks for the tip :)
coinbase's initial rejection of Bitcoin cash made me transfer to bitfinex (a transaction that took 32 hours, due to congestion on coinbase's end). i finally ended up with only 90% of my Bitcoin cash, due to bitfinex's overall balance.
needless to say, I'm still pissed at coinbase.
I can totally understand why a company would not support a new coin like that. The security risk on BCH is still massive. Its 10% of what bitcoin is which means 20% mining power moves and BCH is broken and overtaken.
Well, Bitmain an ViaBTC supply 91% of Hashrate to BCH. This is literally a 51% attack.
I am sure most of the people still dont have access to their BCH which are held in Electrum or Jaxx wallet as i did.
Lot of guys now wants to sell or want to keep BCH in their own wallet instead of going to exchange.
I did that very easily using the Coinomi wallet in which i first added BCH coin and sweep my private key of Electrum and Jaxx wallet and i got all my BCH (0.428). I risked that first time thinking i will lose or move my BTC in this process but they are safe and sound in those wallets. But for safety reason i moved those to another Jaxx wallet. I hope we dont need that tool.
Hope i helped someone or added a good info.
This post has received a 1.04 % upvote from @drotto thanks to: @banjo.
Hi @bitcoinflood! @cardboard is sending you 0.12 SBD tip and @tipU UpVote :)
@tipU quick guide | How to check your pending payouts.
thanks for this very useful
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