Poloniex opens trading for BCH pre-fork, offering BCHABC & BCHSV trading

Darnell Taylor
November 10, 2018

Bitcoin Cash's total supply is 17,445,675 coins. Depending on how successful the hard fork is, prices should continue soaring or begin a reversal. In the next couple of hours, Bitcoin Cash should go through a price correction, with prices expected to settle around $610. The coins are available for trading on the exchange pending the hard fork on 15th of November. Both Coinbase and Binance say that will support the fork, boosting BCH sharply higher.

As of today, Poloniex will be offering customers the option to trade two tokens which will stem from the upcoming Bitcoin Cash ($BCH) hard fork. Over the last seven days, Bitcoin Cash has traded up 48.8% against the USA dollar. In other words, your BCH is cloned, and you get the same amount in the new cryptocurrency, Bitcoin SV (BCHSV), as you have in BCH. Bitcoin Cash's official website is www.bitcoincash.org. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

Additionally, Bitcoin.com will offer compatible mining, wallet and other services after the fork. Investors are buying more Bitcoin Cash in anticipation of this fork. Essentially, the Bitcoin developing community split because not everyone wanted to update blockchain technology in the same way. The platform has on rare occasions held back its Bitcoin cash criticism and its well-known figures. From the beginning of BCH, developers have planned on hard forking the currency every six months. Why? Calvin ayre sent me an email where he writes there was disagreement here, and he said something along the lines: Roger, whenever you're ready to rejoin the camp that supports economic freedom, we are here; we're ready for you ... However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks.

Why is the blockchain splitting?

The loudest voice against Bitcoin Cash ABC is Craig Wright, who has publicly declared himself as Satoshi Nakamoto in the past. That's particularly true since Wright, whose firm, nChain, is leading the development of the SV software, has suggested that SV miners could blacklist certain addresses that spend funds on the ABC chain. This is also called "Bitcoin Unlimited's Strategy for the November 2018 Hard Fork".

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Bitcoin Cash ABC has a grand vision of creating the best money the world has ever seen, according to their roadmap. In the past week, its price has increased by 44%.

Despite the negativity, Bitcoin's bulls defended this region, and have since pushed its price back up to its price levels that preceded the relatively minor drop last week.

Since the announcement of the hard fork and the possibility of a network split, several crypto exchanges have informed their customers on how they plan to handle the possible eventualities. "During the pause, your BCH will remain safely at Coinbase".

The hard fork will take place on 11/15/18 sometime after 11:30 am EST.

What's Next for BCH?

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