OK guys, I'm going to make this as simple as possible. Most of us know about BITCOIN and must have used it in One way or the other.
if you're reading this article as a newbie on Steemit and you have no idea about bitcoin,the video below will help.
what is bitcoin? video 1
what is bitcoin? Video 2
about bitcoin cash and Bitcoin
There was a recent drop in the cryptocurrency market due to bitcoin fork (simple explanation :Bitcoin upgrade that could lead to the splitting of the coin) . This fork has created another type of bitcoin called "BITCOIN CASH".
So what this means is that if you have bitcoin, lets say 1 BITCOIN, after the fork activation on August 1st 2017 , you might end up having 1 BITCOIN + 1 BITCOIN CASH. Depending on where your bitcoin is.
Currently 1 BITCOIN = $2743.22
price one BITCOIN CASH = $344.74
to get your free bitcoin Cash from your bitcoin, your bitcoin needs to be in a wallet that supports bitcoin cash. Here is a list of wallet that supports this.
I would suggest everyone Electrum - its lightweight and decent -
Download electrum: https://electrum.org/
Some cryptocurrency exchangers already said they will add bitcoin cash to the balance of their users.
I personally can't wait for STEEM and STEEM DOLLARS to return to $2. I've got enough in my poloniex account.
Happy August 1st
What time GMT will I receive my BCC?
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I currently don't know, but I'll check
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That's a very important question
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I love this. Very simplified, surgical and succint
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This your English eh. Lol
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Lol
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Hi steemit's friend, I'm going to support you with votes.
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Thanks for the information what do you think will Bitcoin Cash be worth? since it is free money???
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Currently it's worth over $300.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by samstickkz from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
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Hi steemit's friend, I'm going to support you with votes.
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nice write up bro. Very educative. thank you
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Hi steemit's friend, I'm going to support you with votes.
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Thank you, hope you are enjoying steemit.com sir
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