If you don't know who Craig Wright and Roger Ver are, check them out. Gotta admire these guys for getting over the language barrier and talking to people and explaining the future of Bitcoin (Bitcoin Cash is the future according to them it seems).
https://coingeek.com/craig-wright-bitcoin-is-about-free-speech/
After hearing Craig talk about how Bitcoin is free speech and that you have to run a node to vote, I'm determined now to vote by running a node for Bitcoin Cash!
Additionally, I'm taking Bitcoin Cash cryptocurrency to buy health supplements from my company iMedDo www.imeddo.com. So go ahead and buy the world famous iMedDo Ultimate Fluoride and Heavy Metal Detox System (NeuSilver, NeuIodine and NeuGold) using Bitcoin Cash. Shame on those who say you can't buy anything with Cryptocurrency! Not to be belittle those who choose to use or vote for other cryptocurrencies besides Bitcoin Cash I also take Bitcoin can most main alt-coins as well.
PAST: Don't really know only been in the scene about 2 months and didn't live through it as closely as I do now, but here is what appears to have gone on in summary. Bitcoin is awesome it is a new type of money that can potentially replace banks and maybe even government, allows you "hold a "swiss" bank account in your pocket" and to send any amount of money somewhat privately without anyone's permission and cuts out all the middlemen who want their cut. Bitcoin went from nothing in value to now being worth several ounces of gold!
RECENT PAST:
Appears to be that original vision of Bitcoin was hijacked by people payed off by banks to try to destroy it by adding in some kind of Hack called Segwit 1X and Segwit 2x which uses some kind potentially malicious code to cripple the bitcoin network, create big fees to pay to middlemen and enact capital controls on those wanting to use the network. (Or so I see, I'm not a programmer just calling it the way I see it, feel free to comment elaborate if you think you can explain it better). In response, a new coin called Bitcoin Cash was created which runs according to the way Bitcoin was designed to work without the hack.
PRESENT:
Bitcoin Cash is worth approximately 1/10th the value of the hacked Bitcoin (called Segwit 1x). As of writing this Bitcoin (BTC) is worth $4418/coin and Bitcoin Cash (BCH/BCC) is worth $416. Okay I blinked the numbers have already changed but you get the idea.
FUTURE:
Bitcoin (Segwit 1X) is about to fork into another coin called Bitcoin (Segwit 2x) in November, and another form may even occur earlier than that end of October called "Bitcoin Gold!" I like the name!
HOW TO PROFIT?
There are 2 main money making opportunities coming up. The first is very simple just buy and hold Bitcoin. You want to get Bitcoin (BTC) i.e. the "main bitcoin" which is the Bitcoin (Segwit 1x) one. The reason is that if you get have it "where you hold the private keys" before October 25th then you will get a free Bitcoin Gold coin for each Bitcoin you have, and then soon in November you will get even more free Coins where you will get a free Bitcoin (Segwit 2x) coin for each Bitcoin you had as well! Awesome free coins!!!! The second strategy is also very easy, just buy Bitcoin CASH! Why? Because after the Segwit 2x split likely quite a few people will dump their Segwit 1X coins and either buy more Segwit 2X, some may dump their Segwit 2X coins to buy more Segwit 1x coins, BUT MOST LIKELY quite a few people will dump their coins (be it 1X or 2X or even Bitcoin Gold) and will buy Bitcoin Cash thus driving up the price.
I'm doing a combination of the two strategies and I'm putting all my crypto assets into a combination of Bitcoin and Bitcoin Cash. For USD value I'm 2/3 into Bitcoin 1/3 in Bitcoin Cash. I'm planning to let the 2/3 assets split giving me free Bitcoin Gold, Free Bitcoin Segwit 2x, and then hoping the 1/3 in Bitcoin Cash will appreciate as people sell their other Bitcoin spin-offs for Bitcoin Cash after the forking is done which is what I'm going to do. However, I'm also a "coin collector" so I'll keep at least one of each (Bitcoin Gold and Bitcoin 2x) just for my collection, but will sell all my Bitcoin 1x for more Bitcoin Cash.
Please be sure to up vote this post and leave comments below.
Disclaimer: This is information not advice either financial nor medical. Never invest more than you can afford to lose nor self-medicate with health supplements if you prefer pharmaceutical drugs.
Nice write up. I will probably end up holding all and see how it all plays out. I'm in crypto for the long haul, so I probably won't trade away any right away. Good luck to you!
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Update on my strategy, I flipped my position yesterday from 3/4 Bitcoin and 1/3 Bitcoin Cash to 3/4 Bitcoin Cash and 1/3 Bitcoin. Why? Because I saw Bitcoin was at an all time high (almost touching 5k) and Bitcoin Cash near an all time low ~300 and there was a huge arbitrage opportunity to buy a bunch of Bitcoin Cash. Hoping that Bitcoin Cash will go back up a little in the next few days and and that Bitcoin will bounce off below 5k a bit for a few days and can arbitrage and then re-establish my previous 3/4 Bitcoin and 1/3 Bitcoin Cash position before the fork. It's a little risky but decided to go for it. If I'm wrong I'll get stuck with less free coins than otherwise but I still believe in Bitcoin Cash crushing it after the 2x fork.
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I look forward to seeing your progress through this venture.
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Thanks for your work @healthwarrior Followed...
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