How to claim bitcoin cash strength
So if you want Bitcoin Cash the easiest way how to claim bitcoin cash strength get them is to send Bitcoin to Kraken or another exchange that will credit you Bitcoin Cash.
Remember there is always more risk leaving Bitcoin on centralized exchanges. Otherwise if you control your private keys before the fork you can claim Bitcoin Cash by following a few instructions and setting up a new Bitcoin Cash wallet with the same private keys you have for your Bitcoin. You don't need to claim Bitcoin Cash right away either. I just wanted to share my thoughts about the upcoming Bitcoin fork and its implications and some wild guesses about what's going to happen to prices.
A fork of Bitcoin can happen when miners who run the Bitcoin software decide to use different software with different rules and want to accept different how to claim bitcoin cash strength of transactions as valid. Miners can essentially create a clone of the existing network, add new rules and allow everyone who own Bitcoin in the existing network to spend transactions in the new network.
Owners will own both Bitcoin and the new token -- in this case Bitcoin Cash. Users will be able to spend transactions in both networks, how to claim bitcoin cash strength after the fork each network will generate its own record of new transactions independently. Fundamentally the core Bitcoin network should remain as robust as it has been in the past.
Bitcoin is more than just the code. However outsiders and the media may perpetuate the idea that Bitcoin just doubled its supply of coins and scare new people away. Forks also happen on a regular basis. Bitcoin miners receive transactions from users at different times than other miners and they all attempt to add a different set of transactions to the chain of blocks on the 'blockchain'.
In this case the miners come to a consensus about what transactions are valid simply by determining who is on the longest chain and accepting that as the legitimate chain and rejecting others. Segwit may be great, but may not help ease transaction loads much until the expected hard fork in November. That may be a huge relief to the Bitcoin community. Will that be enough? I don't think so, but I'll change my tune if Bitcoin breaks all-time highs with some good strength.
When you have two communities with a strong passion behind different visions, both systems how to claim bitcoin cash strength better off separate. That's part of the power of decentralization. In the how to claim bitcoin cash strength term the network effect may take a hit, but there will be more clarity of exactly what Bitcoin is and in the long run that's positive. We'll also likely include a pre-recorded presentation about Bitcoin from Jian at the x Blockchain Investors Summit online webinar I'm organizing.
So what's going to happen? Bitcoin Cash seems to have generated enough interest to have fairly significant perceived value. It is almost certain most exchanges will claim Bitcoin Cash. The media may generate the meme that Bitcoin's supply just doubled.
The value of Bitcoin Cash and Bitcoin combined should be more than the value of Bitcoin in the long run. Feel free to use coupon code: Please let others know by sharing this!