Do you have or plan to have Bitcoin Cash (BCH) in your portfolio?
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Nope. I have never considered that. Nor did I claim my free BCH. The only time I used BCH was when Bitcoin transfer fees were very high. I have a very negative view of BCH or BCash (short form of Bitcoin Cash).
BCash is a copy of Bitcoin with little to no additional features. It is using the brand name of Bitcoin to fool people and leech money out of inexperienced investors. Its marketing is also shady. Its supporters or the team behind it promoted it in different social channels as bitcoin to fool investors.
Its mining is highly centralized and gives Bitmain a big advantage. Also, Bitmain holds an absurd amount of BCH in their pocket. According to https://www.ccn.com/bitmain-is-hodling-nearly-600-million-in-bitcoin-cash/
> When Bitmain announced last year that it was throwing its weight behind bitcoin cash ahead of the latter’s decision to pursue a divorce from the main BTC network due to irreconcilable differences over blockchain scaling, the cryptocurrency mining giant put its money where CEO Jihan Wu’s mouth was.
> Leaked documents from Bitmain’s pre-IPO investor deck show that, as of March 31, the China-based firm was holding more than 1 million bitcoin cash (BCH) on its balance sheet, worth nearly $600 million at the present exchange rate
Since Bitmain holds so much BCH, they have significant control over the BCash network. I don't find it wise to buy and keep BCash in my portfolio.
Yeah to be honest the only time I had BCH was also when the transfer fees were very high last year. BCH and bitmain's influence around it has rendered it a non-starter for my portfolio.
Why don't you claim your BCH and sell it and then buy the real Bitcoin or something else?
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