Bitcoin Cash spiked in price to nearly $4,000 today, after it was listed on major cryptocurrency exchange, Coinbase. In fact, the price started to move upwards prior to this, which has led to accusations of insider trading. The spike coincided with a drop in the price of Bitcoin and created much media interest. The coverage of the story has given a prominent platform to proponents of Bitcoin Cash.
One of the most vocal and influential promoters of Bitcoin Cash has gone as far as to say that Bitcoin Cash is the real Bitcoin. This type of statement has the ability to cause much financial harm when broadcast to potential Bitcoin investors. Those new to cryptocurrencies are often unfamiliar with the history and background of Bitcoin and Bitcoin Cash, and could unwittingly invest in the wrong one if they take what they've heard at face value.
Let me make it clear. Bitcoin Cash (BCH) is not Bitcoin (BTC). Bitcoin Cash is a separate cryptocurrency that was created by a hard fork of the Bitcoin blockchain. It is an altcoin, an alternative currency to Bitcoin.
There are many altcoins, but there is only one Bitcoin and it has the ticker BTC. So if you're looking to invest in Bitcoin, make sure you buy BTC. If you get BCH, you have Bitcoin Cash, not Bitcoin. If you get BTG, you have Bitcoin Gold, not Bitcoin.
Get BTC. It's the real Bitcoin.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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