/r/Bitcoincash

Photograph via snooOG

Subscribe and get the latest Bitcoin Cash news. (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.

What is Bitcoin Cash?

Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoiners are welcome to join the Bitcoin Cash (BCH) community as we move forward in creating sound money accessible to the whole world.


Bitcoin Discussion

/r/BitcoinCash is for discussion focused on Bitcoin Cash (BCH) news, information, and development! For general Bitcoin discussion please continue to use /r/btc.


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Subreddit Rules to Remember

  1. Remember asking for votes and other forms of vote manipulation is strictly prohibited.
  2. No begging/asking for Bitcoin (with exception of Flipstarter-like fundraising)
  3. No Referral links or URL shortening services are allowed.
  4. No Doxing. Doxing or posts that resemble doxing will result in the post being removed and the user banned permanently.
  5. Scams, Spam, Duplicates, Trolling, User Stalking, Excessive Profanity & Blatant User or Mod Abuse will result in removal of posts and in some cases the user will be banned.
  6. This is a Bitcoin Cash (BCH) focused subreddit. All non-BCH content should go to /r/btc, or for heavy altcoin discussion it should be posted to its respective subreddit.
  7. No marketplace-style transactions for certain goods or services are allowed. For all other rules set globally by reddit, please read the content policy.
  8. In contrast with r/btc moderation policies, trolling is a ban-able offense.
  9. No unregistered bots that pretend to be human or make it unclear they are bots are allowed. Such accounts which have a history consistent with that of a bot will be banned. Banned accounts can be reinstated one time on appeal.

/r/Bitcoincash

103,156 Subscribers

7

Question about Bitcoin Cash

I don't mean to piss anyone off with this, and I'm only trying to gain some insight from it. I bought at $500 with a few coins, expecting Bitcoin cash to have another rally to $700. I invested $5000 initially and put another $3000 in when it fell to around $430. I came to ask most of you if theres a future with this coin, as most sites say it will only continue to drop. What is your opinion on this coin? 

27 Comments
2024/06/27
01:42 UTC

6

Early Bitcoin Adopter and Wikileaks Founder Julian Assange Returns to Australia a Free Man

1 Comment
2024/06/26
20:06 UTC

29

When BTC was in the $300's range, on Coinbase the volume was 30k-90k per week. BCH has been doing 300k-1m per week for long periods of time. BCH interest is much greater than when BTC was at BCH's price.

Even on other exchanges like Bitfinex, their volume was only slightly higher than Coinbase at that time but still nothing compared to today's trading volume of BCH on Coinbase alone. BCH seems to have over 10x-30x the adoption at least, of what BTC had at that time it was at BCH price range.

So it may stand to reason that if BTC with lower investor and user interest/adoption, at some point just went to 1k then jumped to 20k+, this could easily happen on BCH at some point as well. Especially now that we have an ETF precedent, meaning its just a matter of time until BCH also gets an ETF.

Now yes, next week starting Monday July 1st, MTGox holders will get like ~95k BCH, and some may choose to sell, but compared to trading volumes on Coinbase alone, the whales who trade BCH do so with much greater sums than a 1 time 95k BCH distribution.

Lastly unlike BTC at that time, we even already have brokerages that support direct BCH purchases, such as Robinhood, ETORO, WEBULL. Interactive brokers, and tastytrade. I think it is just a matter of time until we see the supply of cheap coins run out based on the high trading volume metrics, compared to BTC's historical metrics.

9 Comments
2024/06/26
13:30 UTC

15

Today, we received a new monitor for the Satoshi #1 server room and upgraded the BitcoinCashMesh TOR relay. Additionally, we installed a new instance of TAILS (The Amnesic Incognito Live System) in the Satoshi #3 server room, all powered by Bitcoin Cash.

2 Comments
2024/06/26
03:16 UTC

7

BitcoinBeez: an NFT art collection on Bitcoin Cash (created with AI)

0 Comments
2024/06/26
00:39 UTC

10

BCHFAQ Flipstarter 40% funded - 14 days remaining (link in comment)

Despite the BCH price decrease, the Flipstarter is still on.

1 Comment
2024/06/25
17:05 UTC

24

Bitcoin Cash complaints are stuck in the past. BCH is on a really good path now (GP Shorts)

10 Comments
2024/06/25
16:38 UTC

6

The P2P experience get even better! Avoid Unresponsive Buyers & Payment Delays by setting a payment transfer timer. The timer limits the time available to fund the escrow and to make the payment! Update your offers or create a new one today!

0 Comments
2024/06/25
13:25 UTC

19

[2022] Central Bank Digital Currency (CBDC). What we are up against

4 Comments
2024/06/24
14:37 UTC
4 Comments
2024/06/24
14:37 UTC

24

I successfully onboarded a new merchant as part of my new Bitcoin Cash onboarding strategy I started by convincing some of my regular vendors to accept Bitcoin Cash and it worked! Yesterday, I bought yams and paid using Bitcoin Cash.

0 Comments
2024/06/24
14:11 UTC

7

MTGox announces crypto repayments starting in July. Recent sales may be them selling coins for those who chose only cash repayments.

2 Comments
2024/06/24
09:52 UTC

21

Thanks to the BCH community, we received two poles to build a redundant link and another path to our server room (Satoshi #3).

1 Comment
2024/06/24
00:56 UTC

9

Bitcoin Cash Merchants - Shopping at AD Collections

Onboarding a Fashion Store. The BitcoinCash Experience

https://youtu.be/qbvwTODYhag

0 Comments
2024/06/23
10:59 UTC

13

My Hausa language video explaining Bitcoin Cash low transaction fees became one of my most popular on TikTok, with 14k views and 600+ likes! Viewers were particularly fascinated by the idea of sending Bitcoin Cash with minimal fees.

0 Comments
2024/06/21
12:22 UTC

18

BTC and ETH Scaling Narratives (GP Shorts)

4 Comments
2024/06/21
07:28 UTC

18

For the love of god please harvest your losses

USA ONLY

I know it’s been a bloodbath and most of you are sitting on losses. I'm a crypto CPA and after a wild tax season I've identified most of the communities with largely down coins. Posting in all the subs to get the word out....

Can’t do anything to make the price go up, but what you can do is harvest your damn loss. Even if you want to keep your position! Sell your coins, record the tax loss, and then just buy back immediately. You'll realize your loss and then you can re-enter the position if you want to continue to hodl. Best to at least benefit from the loss now than just sitting on a fat unrealized loss. You can use it to offset other capital gains and even up to $3,000 in ordinary income each year, the rest can be carried forward.

Too many of my clients come through my door with massive losses on these coins ($300k is the biggest I’ve seen!) and have this HODL and “never sell” mindset. I get it, but jesus guys do yourself a favor and sell and buyback immediately to at least take the loss now… rant over

Note: The IRS classifies crypto as property, not a security, see here. The wash loss sale rule specifically applies only to securities, not property, see here. Thus, wash loss sale rule is not applicable for crypto.

Edit: FYI - this resets your holding period. This might matter to some people, might not. This is not one size fits all advice, just more to raise awareness about the tax strategy as most don't know about it. Consult your own professional and as always, do your own research.

18 Comments
2024/06/20
18:14 UTC

24

BitcoinCash Weekly News Video for June 17 2024 by the BCHF

2 Comments
2024/06/20
17:48 UTC

10

"CashScript Explained"

2 Comments
2024/06/20
17:47 UTC

13

Coinbase cold storage dips to the lowest its been in 2 years, at that time BCH was at $100. This may be users withdrawing to self custody, or increased competition by brokerages such as Robinhood, Etoro, webull & Interactive Brokers.

Current cold storage: https://bitinfocharts.com/bitcoin%20cash/address/1PUwPCNqKiC6La8wtbJEAhnBvtc8gdw19h

Old cold storage address: https://bitinfocharts.com/bitcoin%20cash/address/1JBHhm7Z6i5i65epVg2fA676PCE7WVQyv1

As we can see there is demand for BCH across many large platforms, so the first company to get a BCH ETF will be able to likely get a lot of this market share, and charge yearly fees forever, on an ETF which will be their cash cow.

6 Comments
2024/06/20
17:14 UTC

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