Bitcoin Cash Bought some bitcoin cash

Bought some bitcoin cash
This deserves a repost
Bitcoin cash is ready to rocket up!!!
Still deeply undervalued
Can we raisebitcoin cash value ourselves
Wallets/ Hardware/ Other options ?
Yesterday the read.cash fund reached a big milestone $1M worth in Bitcoin Cash, what that could means to the BCH ecosystem, worth checking on it!
BCH transfer from Coinbase to Anchor stuck
Why is BCH not exploding?
Bitcoin Cash another solid 24 hours, over $5 Billion has changed hands
Why Low Transaction Fees Are Not an Issue for Bitcoin
BCH for this Week
The huge bull case - In future Bitcoincash could be one of the only cryptos exempt from government taxes as high as 45%!
Bitcoin Digital Cryptocurrency
Mycelium
Introduction and love memes for BCH
Check out Noise.cash - New social media platform where you can send/receive tips in Bitcoin Cash

Posted: 06 Feb 2021 10:38 AM PST

I added some BCH to my portfolio yesterday. To me looks really undervalued compared to other crypto markets right now. I am looking to hold for awhile.

submitted by /u/MKM35
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This deserves a repost

Posted: 06 Feb 2021 10:26 AM PST

submitted by /u/YllFigureItOut
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Bitcoin cash is ready to rocket up!!!

Posted: 05 Feb 2021 05:11 PM PST

Arrow up if you think bitcoin cash will hit $700 by next friday !

submitted by /u/vincentndaisy
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Still deeply undervalued

Posted: 06 Feb 2021 11:09 AM PST

submitted by /u/BCHTOMOON
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Can we raisebitcoin cash value ourselves

Posted: 06 Feb 2021 12:18 AM PST

Can we do this?

submitted by /u/OkMinute4592
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Wallets/ Hardware/ Other options ?

Posted: 06 Feb 2021 03:34 AM PST

I know there are thousands of options for wallets: cold, hot, hardware...etc. I would love to hear what platforms and devices everyone uses and why.

submitted by /u/JGBowersett
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Yesterday the read.cash fund reached a big milestone $1M worth in Bitcoin Cash, what that could means to the BCH ecosystem, worth checking on it!

Posted: 05 Feb 2021 11:33 PM PST

submitted by /u/alberdioni8406_
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BCH transfer from Coinbase to Anchor stuck

Posted: 06 Feb 2021 11:25 AM PST

I transferred BCH from Coinbase to Anchor. Turns out the deposit address for my Anchor wallet is actually a legacy (BTC?) address (begins with 1A...).

Coinbase has shown the transaction with "Pending" status for 2.5 hours now. My Anchor app shows "Pending: receipt of Bitcoin cash."

So two questions:

1) Will my funds be received? Hoping someone here has experience with this.

2) Are there any nuances I need to be aware of when sending/receiving BCH? Would the transfer have gone smoother if I first converted my BCH legacy address to a BCH-formatted wallet address?

submitted by /u/WhiskeySociety
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Why is BCH not exploding?

Posted: 05 Feb 2021 11:23 PM PST

So in this bull market the biggest currencies according to marketcap have all been exploding. Only BCH and Monero did not. Why do you think this is? And what are indicators that BCH will go up?

submitted by /u/WolframRuin
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Bitcoin Cash another solid 24 hours, over $5 Billion has changed hands

Posted: 05 Feb 2021 03:47 PM PST

submitted by /u/Damxchange
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Why Low Transaction Fees Are Not an Issue for Bitcoin

Posted: 06 Feb 2021 02:50 AM PST

submitted by /u/1MightBeAPenguin
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BCH for this Week

Posted: 06 Feb 2021 02:01 AM PST

Hi I'm new here and I bought 1 BCH Coin. Please guide me. Can this coins reach $700 this week? I hope to get reach too.

submitted by /u/LetsFlyandMoveUp
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The huge bull case - In future Bitcoincash could be one of the only cryptos exempt from government taxes as high as 45%!

Posted: 05 Feb 2021 04:42 PM PST

Before I start I need to say I have absolutely no bias towards BitcoinCash, if you look at my post history I've actually been cynical towards it so my findings and conclusions actually surprised me.

As a crypto supporter, for the past few months I've been studying and researching the application of government taxation on cryptocurrencies around the world as I think they will be detrimental to the sector and have potentially massive ramifications for BCH.

As many may know back in 2014 HMRC the tax department of the UK issued its first brief on the taxation on cryptocurrencies. Later in the year this was followed by the IRS in the USA also publishing it's guidance. Before long many governments around the world started to follow suit.

It's evident early guidance was vague and a little rushed out however the main point being made or in somecase followed/ copied by governments was the classification of cryptocurrencies as "digital assets" or "cryptoassets" for the sakes of taxation.

This essentially means that everytime you buy something with crypto or you exchange it for fiat or other crypto's you are taxed on the profit/ gain you make or as Governments call it... Capital Gains Tax.

Often this is a double edged sword, for example the more a country debases it's currency, inadvertently we end up paying more tax when our crypto subsequently appreciated in value against fiat.

The next is double tax.. for example when you buy something in crypto you'll pay not only the sales tax but quite likely also capital gains tax.

Not only is this a financial headache but also logistics nightmare trying to keep track and account for taxes due.

These taxes may be small now but are only going to grow.. next month the UK Chancellor (same guy Satoshi added to the genesis block) will make his budget which usually contains announcements on taxes.

It's widely suggested that due to the pandemic taxes will need to go up this year and subsequent years. It's also been suggested that he's looking to target capital gains tax.. bringing it more inline with income tax (CGT is currently 20% for anything other than property).

In the UK your income/pay gets taxed in line with his much you make. Top earners pay as much as 45% tax. If that happens and your a top earner buying something with crypto you could end up paying 45% tax on the gain then another 20% sales tax.. 65% tax!

Policies like this could effectively kill off crypto.

This may actually be a deliberate long-term mission by Governments.. why ban when you can profit while eradicating?

Anyways... why this is all important for BitcoinCash?

Well without going in to too much detail, government round tables are starting to acknowledge that the initial approach on taxation in the cryptospace is becoming outdated as the sector becomes more complex.

They are starting to acknowledge there's a need to look at the reclassification of certain forms and components of cryptocurrencies.

The most common suggested methodology of reclassification is to look at the core objectives and main primary use cases of each crypto.

When you start to do that for the space, that's where you can see clear differences.

For example Bitcoin would almost certainly fall in to the asset classification and be exposed to massive taxes just due to it being held more as an asset than used as currency currently.

However it's been clear from the outset that the BitcoinCash project and it's community has always been about BitcoinCash being a currency.

If the bitcoincash community can convince governments this is the case.. I truly believe this would be the biggest revelation in cryptocurrency since 2014 as personal transactions in currencies are generally free from taxation in many countries in the world.

If I was a member of the BitcoinCash marketing team I would be trying to come up with as many ways to send out the message that BitcoinCash is a currency NOT an asset with immediate effect.

If they can get that message across and government's listen... I think the adoption potential for BCH is huge.

Thanks for reading and hope you've found of interest. 👍

submitted by /u/jam-hay
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Bitcoin Digital Cryptocurrency

Posted: 06 Feb 2021 05:20 AM PST