Category Archives: Bitcoin Cash (BCH)

In an attempt to protect the Bitcoin ecosystem, OKCoin will remove two BTC hard forks – Bitcoin Cash and Bitcoin SV – and blamed Craig Wright’s recent lawsuit.

The popular crypto exchange OKCoin has made a somewhat controversial decision to delist two Bitcoin forks – Bitcoin Cash (BCH) and Bitcoin SV (BSV). According to the platform’s CEO, the company is doing what’s in the best interest of Bitcoin’s ecosystem while trying to act against Craig Wright’s recent lawsuit urging various websites to remove the BTC whitepaper.

OKCoin Delists BSV and BTC

The exchange announced earlier today that it will suspend trading and altogether remove the two Bitcoin hard forks as of March 1st, 2021. Later on, Hong Fang, the CEO of OKCoin, published a detailed post to shed some light on the decision.

She reasoned that the exchange is frequently exploring which coins it should keep and which it should remove as part of its developing system. However, the BCH and BSV removals come with more “unique history and context.”

The post reads that BTC, as the first-ever cryptocurrency, gave birth to the entire industry. While hard forks are a relatively common occurrence within the ecosystem, Bitcoin Cash and Bitcoin SV carry a special note.

Both emerged several years ago as their respective proponents preferred different scaling paths, and each claimed that they are the “true Bitcoin.” However, Fang believes that crypto investors and the market have made it clear on “what Bitcoin was built for” as BTC’s market cap has reached $1 trillion, while BCH and BSV are valued at 1.5% and 0.5% of the original version.

Gunbot Crypto Trading 5: Emotionless Trading

May 6, 2018 flippener

Trading So Far

The situation as we left it in my last post is that Gunbot had made 3 complete buy-sell trades of 0.002 BTC each using the ‘Emotionless’ strategy. It had then bought again, and hadn’t seemed to be able to sell again that day. In fact early the following day it did manage to sell, and then later that morning it bought and sold again quickly. Each trade was, naturally, profit making, though only to the tune of about 10p.

Emboldened by this I increased the stake for each trade to 0.005 BTC (about £33). Gunbot soon did another Ether trade, for a profit of about 27p, so a healthy gain of about 0.8%.

I was impatient to see more trades and profits at this point, so I increased the stake to 0.01 BTC and added further coin pairs:

Bitcoin – Bitcoin Cash (BCH)
Bitcoin – Litecoin (LTC)
Bitcoin – Ethereum Classic (ETC)
Bitcoin – Dash (DASH)
Bitcoin – Ripple (XRP)

This naturally increased the transaction volume, here’s what’s happened since:

Poloniex Trade History: Gunbot trading Ether with Emotionless Strategy - more coins (Image: BIUK) — Poloniex Trade History: Gunbot trading Ether with Emotionless Strategy – more coins (Image: BIUK)

In a nutshell, Ether trading has continued solidly but Gunbot has also regularly bought and sold Litecoin, and Ethereum Classic, and also made single completed trades with Dash and Ripple. Bitcoin Cash is nowhere to be seen.

Profits so far, in Bitcoin:

Ethereum: 0.00059094
Litecoin: 0.00032900
Ethereum Classic: 0.00032669
Dash: 0.00007898
Ripple: 0.00013795
Total: 0.00146356 (about £10)

So not a bad start having been out of bot trading for some time.

Advanced Trading

One thing I like very much about the latest Gunbot is the charts in the user interface – they pretty much reproduce what you get in Poloniex or Trading View with the addition of clear markers of where Gunbot bought and sold.

Gunbot chart with buy/sell indicators (Image: BIUK)

What this highlighted for me, though, was that the Emotionless strategy is a bit ‘literal’. What I mean is that Gunbot is selling once it achieves the profit it has been set but is missing opportunities for greater profit. For example, in the middle of the screenshot shown we can see that Gunbot sold even though the market was rising fast and if it had waited a couple more minutes the profit would have been many times greater (perhaps even 10x).

I believe this consideration of trend is part of other strategies, particularly those using Trading Stop / Stop Limit (TSSL) which wasn’t an option in my previous Gunbot version. I’m therefore going to investigate that further before changing any more Gunbot settings, in particular increasing the trading stakes.

Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Fork, News

A Bitcoin User’s Guide on Upcoming Forked Coins

December 15, 2017 flippener

Like it or not, forking bitcoin has become an efficient approach for blockchain teams to receive quick money.

How many forks will we have? Are there services support them?

A Glimpse at Forked Coins Already Existing

Bitcoin Cash (BCH), the first bitcoin fork, was only listed on Viabtc when it first came out. Most of the bitcoin community, if not all of them, thought it was just a joke at first. The emergency difficulty adjustment (EDA) mechanism BCH adopted led to unstable block times, but since the November 13 upgrade and recent price spikes, it is safe to say that BCH has survived and is enjoying more support from exchanges and wallets.

Ordinary wallets supporting BCH include: Bitcoin.com, Electron Cash, Coinomi, Webmoney, Strongcoin, Stash, Jaxx, Bitpay, BTC.com. Hardware wallets: Ledger, Trezor, Keepkey. Paper wallets: Cashaddress, Walletgenerator. Mobile wallets apps: Bitcoinindia, Mobi and more. Official BCH wallets: Bitcoin ABC, Bitcoin Unlimited, XT, Parity, and Bitprim.

Bitcoin Gold (BTG), the GPU-friendly forked coin based off of bitcoin, was created on October 25 to compete with BCH and to fight mining centralization, according to its creator Jack Liao.

Ordinary wallets supporting BTG: Coinomi, Bitpie, Guarda, Freewallet. Official BTG wallet: BTGWallet.online. Hardware wallets: Trezor, and Ledger. News.Bitcoin.com spoke with Ledger’s Vanessa Rabesandratana who shared how to claim BTG at Ledger.

Cash, Gold, 2X?—?What the fork!

December 2, 2017 flippener

Repost from HackerNoon

After all, what was going on with Bitcoin in the last few months?

It looks like, in the last few months, Bitcoin has made friends with forking. When I wrote about Bitcoin forking the last time, I didn’t expect there would be this many so soon. But hey, here we are, trying to make sense of what the hell is happening in the crypto world.

Bitcoin fork pen and bitcoin keychains (Image: BTC Keychain/Flickr)

With this article, I try to put everything that has happened since Bitcoin Cash in a proper order that would become anyone’s go-to article for learning about Bitcoin forks between August 2017 and November 2017.

🍴 But first, what is a fork?

“You don’t need a silver fork to eat good food.”?—?Paul Prudhomme

You can think of blockchain ledger as a stack of pages. Every full node in the network keep a copy of this stack of pages with themselves. Everyone’s copy of the ledger is exactly the same because everyone followed the same set of rules to build it.

So, if there are ten people in the network, each of them will have a copy of the ledger that would look something like this:

Bitcoin Cash Skyrockets, Bitcoin Price Drops As Civil War Continues

November 12, 2017 flippener

Well, get your popcorn after all.

Earlier this week, a planned hard fork on the Bitcoin blockchain that threatened to create two new coins, causing disruptions on exchanges and potential losses for users on both sides — but also possibly one of the most exciting chapters in Bitcoin’s history — was called off.

But in the last few days, a previous fork of Bitcoin (BTC) called Bitcoin Cash (BCH) that was launched in August and immediately dismissed by many Bitcoiners and the wider crypto world alike, has skyrocketed in value. After languishing in the $300 range for a while and jumping up to the $600 range in November, it has now nearly quadrupled to around $2,500 a coin as of press time — it had traded as low as $650 on Friday.

Meanwhile, Bitcoin, which was trading at an all-time high of around $7,800 on Wednesday, is now down to around $6,000 as of press time but had dipped as low as about $5,500.

Bitcoin Price Decline Continues As Markets Drop Below $6,500 (£4950)

November 10, 2017 flippener

The price of bitcoin is down more than 8 percent, continuing losses that began after the cryptocurrency slipped below the $7,000 mark.

Markets have fallen to as low as $6,475.40, according to the CoinDesk Bitcoin Price Index (BPI), the lowest level reported since Nov. 1, when markets traded between $6,357 and $6,750.17. Markets slid below $7,000 earlier today in a reversal of the bullish market moves seen earlier this week that pushed the price of bitcoin close to $7,900.

Bitcoin price chart (Image: geralt/Pixabay)

Earlier in the day’s trading, the price had climbed as high as $7,330.06, with today’s fall marking a more than $600 decline since that level.

At press time, bitcoin is trading at $6,572.24.

The price decline is in contrast with the gains seen today in the market for bitcoin cash, which according to CoinMarketCap is up more than 43% in the past 24 hours.

At press time, Bitcoin cash is trading at roughly $882 on Bithumb, the largest exchange by trade volume for that cryptocurrency.

Source: CoinDesk

Bitcoin Cash (BCH), News

Stuck in Limbo? Bitcoin Cash Price Clocks 9-Day High

October 28, 2017 flippener

Bitcoin cash price caught a fresh bid wave today, reaching a nine-day high of $373.

At press time, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate is trading at $346 levels. The relatively new cryptocurrency has gained 4.12 percent in the last 24 hours, as per CoinMarketCap.

Still, the cryptocurrency has been restricted to a narrow range around $330 in the last two weeks, with only occasional spikes above $350. Meanwhile, the downside was capped below $300 levels.

However, today’s price gains look sustainable as trading volumes are on the rise. Notably, the rally to $350 levels on Thursday was backed by a 54 percent boost in volume, according to CoinMarketCap data.

Once again, it seems gains are being fueled by a surge in South Korean trading – volumes on Bithumb (which offers a BCH/KRW pair) are up 42 percent.

Bitcoin Investors UK