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Where To Buy Bitcoin Cash
Today we will tell you where and how you can buy Bitcoin Cash. Using a simple step by step instructions to purchase a cryptocurrency is not difficult. We’ll tell you about the history of creation, differences from other coins and all other details.
What is Bitcoin Cash?
The definition on the official site reads: “Bitcoin Cash is peer-to-peer electronic money for the Internet. He is completely decentralized, without a central bank, and he doesn’t need any trusted third parties to work. ”
Have you noticed the emphasis on the phrase “peer-to-peer electronic money”? This is done on purpose, because the very existence of Bitcoin Cash depends solely on the conduct of a large number of transactions, as Jimmy Song notes in his Medium article.
Bitcoin Cash (BCH) is in many ways similar to Bitcoin, but has several distinguishing features:
- Block size – 8 MB.
- No Segwit support.
- There is no “replace by fee” function.
There is protection against replay attacks and destruction (also known as 51% of the problem). Offers a way to correct the PoW complexity faster than for the usual interval of increasing complexity of finding a block.
Since BCH is the result of a hard fork, anyone who had a BTC received the same amount of coins in BCH. Provided that he did not keep BTC on the accounts of the exchanges and controlled the private keys of the account during the activation of the hard fork. So now let’s look at some interesting Bitcoin Cash features.
What is a “replay” attack?
The main feature of Bitcoin Cash is how it circumvents the biggest problem that any cryptocurrency can face after a similar fork – the “replay” attack.
This is such a data transfer, which is intentionally repeated or delayed. In the context of the blockchain’s work, it looks like this. Someone commits a transaction that occurs on one blockchain and then intentionally repeats it on another blockchain. For example, Masha sends 5 BTC to Petya, as a result of “replay” attacks, she also sends him 5 BCH, although she was not going to do that.
How to buy Bitcoin Cash
If you decide to purchase Bitcoin Cash, which is designated on the exchanges as BCH, you probably noticed its rapid growth and advantages over conventional Bitcoin.
Choosing a wallet for Bitcoin Cash
In order to buy a cryptocurrency, you need to create a Bitcoin Cash wallet. The list of wallets is quite large, it is available on the official website BitcoinCash.org.
So, we have established a wallet and have prepared the amount we want to invest in the purchase of Bitcoin Cash.
Please note: you can buy BCH both for fiat currencies (dollars, euros), and for Bitcoin cryptocurrency. This cryptocurrency allows you to easily acquire various cryptocurrencies, even the smallest ones.
How to buy Bitcoin Cash on the stock exchange
If you are looking for a place where you can buy a bitcoin cache with a minimum commission, then buying on the exchange is what you need. Recall that the exchange is a platform for cryptocurrency trading.
Does Bitcoin Cash have a future?
In short, we do not know. We have no idea what the future of Bitcoin Cash will be, and we cannot even imagine its impact on BTC in the long run. We only know that this is the first time that anyone has successfully bitcoin while maintaining records of existing transactions. What we received as a result of this experiment is a very interesting experience, which gave a lot of lessons.
At the same time, the block size of 8 MB is definitely a very attractive aspect, and it is unclear how this will affect miners in the future. Can this solve all scalability problems? Will BCH ever overtake BTC and become the main Bitcoin? At the moment, all these questions are only assumptions. We can say with confidence that there is a lot of interesting things ahead of us.
Bitcoin Cash Wallets
Bitcoin cash is a new separate Blockchain and its currency code is BCH or BCC. The Bitcoin Cash is sent to a Bitcoin cash wallet address. Using the wrong wallet address may cause the loss of your Bitcoin Cash.
It is compulsory that one has a wallet before one starts transactions that may involve buying and selling with Bitcoin Cash. This is because a public address is usually required before funds can be transferred to someone. It is therefore important to mention that your private key/ password must not be given or accessible to anyone except you. Otherwise, scammers would steal everything you have worked hard for in a flash.
Online Bitcoin Wallets are also known as web wallets as they run in your web browser just like any other website. You should not store large amount of bitcoins on the web wallet as it is more prone to cyber-attacks. It is suitable to register with a cryptocurrency exchange having attributes of Bitcoin Cash so as to promote the fast approval of your wallet. To make sure your tokens are secure, try to keep them in a different wallet.
What is a node wallet?
A node Bitcoin Wallet is the most secured way to keep your tokens safe. To get the full benefits Bitcoin provides, it’s better to use a node wallet. This is done on a separate computer system. For your comfort, you can resolve to go for SPV (Simplified Payment Verification) wallet. With this kind of wallet, you don’t have to download the whole Blockchain. It is easier to make use of unlike the others. It’s also safe to use it to store small amounts of bitcoin as desktops are very prone to viruses that can steal the bitcoins.
What about Desktop wallets?
Software wallets are much more secured as they do not show your private keys as long as they are absolutely configured on your smartphones or computer system. Even so, most of the software application sellers would prefer multiple cryptocurrencies and grant you the opportunity to make different wallets.
Hardware Wallets
If you much interested in cryptocurrency security generally, this is the best to go for. It acknowledges two forms of authentication, one being the physical wallet and the other being the PIN code or password as a form of identification. It’s the most secured way to save Bitcoins. The wallets look like regular hard drives but are only used for keeping cryptocurrencies. They have a lot of backup options just to make the users have a more comfortable use. Most Hardware wallets come with a screen to allow you append your signature during transactions.
Node wallets has a lot of benefits in which a user gains from. This benefits are free cash tokens and are gotten when you download the whole blockchain. This is done by backing up the wallet into the wallet.dat file and then transferring the file into Bitcoin wallet and that’s all.
How To Mine Bitcoin Cash
Bitcoin cash what is it? It is a completely independent cryptocurrency, which can be used for calculations and mining. Of course, it is currently inferior to Bitcoin in popularity, rate and capitalization.
But if the creators say that the new crypt is more perfect, will it not become the main competitor of the older brother? You can speculate for a long time (usually called analytics). But only time will tell how the situation will develop.
Who created the bitcoin cash?
Bitcoin cash is a product of miners who decided to abandon bitcoin. Getting coins BTC is becoming increasingly difficult. Many miners expressed dissatisfaction and supported the process of creating a new crypt. Bitcoin cash was very convenient for the so-called “schismatics”. Considering that the idea was supported by about 12 percent of miners, creating their own cryptocurrency did not become a problem for them.
Despite the advantages, BCH has serious drawbacks. The main disadvantage is that most of the mining capacities are concentrated in one pool. That is, you can deal a serious blow to the cryptocurrency, destroying the organization. Many people like Bitcoin for decentralization. Destroying this cryptocurrency is almost impossible. The power to create new coins is distributed among multiple pools.
How to mine bitcoin cash?
We speak at once – mining on the computer does not make sense. Given the requests for computing power, your income will be so small that you should not even bother.
What is the best way to mine BCH, you ask? There are several options:
- On video cards. The most effective way of mining.
- With the use of the processor.
- Cloud technologies.
The most effective option – mining on video cards. You can install multiple modules on a farm to improve overall performance. Such a decision pays off much faster and you can start earning revenues.
Is Bitcoin Cash Mining More Profitable?
Mining Bitcoin Cash Today, the rate of the new cryptocurrency has exceeded $ 500, which is why the net price of the coin to be mined has also changed. Today miners began to allocate power for the blocks of this cryptocurrency. Calculations show that mining BCH is about 2% more profitable than ordinary BTC. Moreover, the possible profit may increase if the extraction of a new crypt becomes easier.
For example, at block 479.808 Bitcoin Cash mining will become half easier. Thus, if the cost of both cryptocurrencies remains at the same level, miners will be able to increase profits on BCH by about 50%, compared to a traditional coin. But when calculating the possible income, one should also take into account the difference between the principles of currency operations.
Blockchain BTC implies quite high transaction fees. Accordingly, miners will be able to receive an additional 1.5 BTC for each mined block. With current prices, it’s about $ 6,000. As for BCH, the transaction cost is significantly lower and one unit can only bring in $ 50.
Conclusion
Mine bitcoin cash need on powerful equipment, then the process will be really profitable. Creating new BCH coins is difficult, so most of the currency is mined on industrial farms. Please share the article on social networks, just click the button below. Subscribe to our portal updates to be the first to know about the release of materials.
Bitcoin vs. Bitcoin Cash: What Should You Invest In?
With the growing popularity of Bitcoin, the number of users and the number of transactions conducted increased every year. Against this background, the main problem of cryptocurrency became increasingly noticeable – a limited block size of 1 MB. Until 2017, there was the talk of increasing this parameter, but the matter did not go beyond proposals. Users complained about delays in conducting transactions, which were often delayed for a day or even several days.
Many solutions were proposed, one of which was a commission increase. This approach solves the problem with the speed of operations but leads to high costs for network participants. Not surprisingly, the emergence of the Bitcoin Cash fork on August 1, 2017, was supported by the majority of the cryptocurrency community. At the same time, BTC users were divided into two groups – some remained loyal to Bitcoin, while others switched to Bitcoin Cash. What are the features of cryptocurrency? What is more profitable to mine – BTC or BTH? These and other questions will be discussed below.
What is the difference between Bitcoin Cash and Bitcoin?
The developers of the technology believe that the main value of Bitcoin is in itself. SegWit is said to be reliable for shipments. Another advantage is a very strong team, which, among other things, is responsible for the main Bitcoin clients.
The main advantage of Bitcoin Cash is “fast” transactions. Block size increased to 8MB. Because of this, the commissions remain at early levels of cryptocurrency development – up to $ 0.1. The developers at the moment have not solved the problem of the unreliability of shipments, but they have a plan for how to achieve this.
Bitcoin investment
No cryptocurrency can replace Bitcoin. This is the main source of income for crypto traders, the main object of investment. There are no alternatives to the cue ball, so investing in this cryptocurrency is profitable. It is not even about its reliability, popularity, and volatility. There is a demand for bitcoin. His course increases many times, which makes it possible to earn good money on short-term investments.
Bitcoin Cash Investment
For investors who make transfers and payments regularly and in large quantities, it is best to use Bitcoin Cash. This is a convenient and least expensive tool. In addition, the cache is able to accelerate and overtake in terms of growth the main cryptocurrency – the cue ball. Regular course correction allows you to buy Bitcoin Cash at a bargain price.
Conclusion
Overall, Bitcoin Cash has better growth prospects. A virtual coin has all the characteristics required for a modern cryptocurrency – a large block size, better transaction speed, a high level of security and the possibility of mining. As for profits, on June 1, 2018, there is not much difference that there is no mining. That is why when choosing a cryptocurrency, it is important to focus on long-term goals. If we are talking about mining in order to keep coins in your wallet, the variant with Bitcoin Cash looks more interesting. But Bitcoin is also not worth writing off. In the short term, he is able to show good growth. What will happen in 1-2 years or more is difficult to predict.
Introducing to Bitcoin Cash
What is Bitcoin Cash? Bitcoin cache is considered a fork of the bitcoin. In fact, a new monetary unit exists according to the same rules as bitcoin itself, since it has the same blockchain. The separation took place for the reason that the community of people using Bitcoins could not reach a common opinion on the direction in which the cryptocurrency should be developed in the future. A new kind of bitcoin came to the liking of the Chinese, of whom about 5% among all cryptocurrency miners.
Short history of Bitcoin Cash
On August 1, 2017, Bitcoin Cash cryptocurrency was created as a result of hard forks Bitcoin. The history of Bitcoin and Bitcoin Cash were identical to hard forks. Everyone who controlled the secret keys of a certain number of their bitcoins or kept them on the exchange that supports the new currency automatically received the same amount of Bitcoin Cash.
How Bitcoin Cash relates to Bitcoin?
The most illustrative advantages and disadvantages of the two branches of cryptocurrency were presented by the head of Hell Yeah, Paul Miller. He explains what are the pros and cons of Bitcoin Cash and Bitcoin. In general, SegWit is a new technology and with a block of 1 MB can accelerate throughput by 1.5-2 times. However, the commission here remains very high. It is assumed that as users connect, it will decrease.
So, the first difference is the block size increased by 8 times in the blockchain. As the creators themselves believe the new digital money, a larger size will contribute to an increase in the number of transactions. The second difference is the rapidly changing complexity. Miners react faster to changes. The third difference is the new type of transaction that appears, in which you can specify the amount of payment. And the fourth difference – enhanced protection against erasing transactions and their repetition. It must be remembered that the rate of the new currency is significantly different from the rate of the usual bitcoin.
Earning Bitcoin Cash
Bitcoin Cash has acquired steam rather quickly compared to other new cryptocurrencies. BCH can be purchased on the majority of mainstream cryptocurrency exchanges. Keep in mind that the worth of BTC is around $5,200, whereas BCH is about $400. You can buy bitcoin cash on cryptocurrency exchanges and in some online exchangers. Wallet, which is designed to store the new currency, called – Bitcoin ABC. One of the first sites that introduced such a wallet is Cryptonator. In general, this resource is better than others for storing digital money.
Bitcoin Cash Stability
It is hard to tell which chain will win in the long run – Bitcoin or Bitcoin Cash. However, it is clear that they will evolve differently over time. Hardforks are tempting because if a group fundamentally disagrees with the ideology of the initial community, it can separate and launch its own version of cryptocurrency with the same technology, but with a different strategy and management model. This allows the entire cryptocurrency space to evolve due to the fact that some forks introduce innovations. And, no matter what fate awaits Bitcoin and Bitcoin Cash, one cannot deny that it is extremely fascinating to watch the parallel development of these chains, like cryptocurrencies in general.
AdvCash Review
Short for Advance Cash, AdvCash is a Belize-based firm which issues Bitcoin debit cards. The parent company behind the AdvCash is Wave Crest Holdings Limited –a well-renowned name in the cryptocurrency market. You will be surprised to know that the company helped many debit card issuers to partner with Visa but it itself uses MasterCard to issue its debit card. This saved the company and its users from facing any issues when Visa ceased partnership with other debit card issuers. The decision to opt for MasterCard was only because the company’s primary target audience is digital nomads and freelancer. It wanted to create an easy market for them to penetrate into the cryptocurrency market with ease and also to pay cheaper fees.
In this article, we shall review some of the advantages, disadvantages and fee structures of the AdvCash Bitcoin debit card.
Advantages
- The debit card features an e-wallet. This allows customers to easily deposit Bitcoin.
- Unlike other debit card issuers, the firm supports many e-currencies such as Perfect Money and OKPay.
- The debit card supports SEPA and SWIFT transfers, similar to a current bank account.
- Domestic transfers are free of cost.
- Users don’t have to pay any monthly maintenance fees.
- AdvCash offers strict account security. There are multiple tiers for identity protection of the user.
- All internal transfers are free, and there is no monthly maintenance fee.
- Another great perk is that the users can support Rebels (Russian currency)
Disadvantages
- Unlike most debit card issuers, the AdvCash card, unfortunately, lacks a mobile app, making it impractical in today’s fast-paced world.
- The card is only accessible for Russian and European clients.
- There is not an ample amount of information about the company’s CEO and executives. Having an insight about who runs the affairs and who should address concerns makes for a bad reputation.
- Some verified users complain of purchasing limits when using the AdvCash.
AdvCash Bitcoin Debit Card Charges
- The cost of issuance of the debit card is $5 if the user orders it right away after signing up.
- The price can go up to $15 if the user doesn’t order the card even after one week of signing up.
- The price of the virtual card is $1.
- It is free to use the debit card in physical stores and online.
- If you wish to top-up your wallet, it costs $1
- There is a flat rate fee of $2 for any domestic ATM withdrawal.
- There are no monthly maintenance charges which are a unique perk, not offered by most debit card issuers.
- Currency exchange and foreign transactions cost 2.95%
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: MasterCard
- Mobile app: No
- Supported fiat currencies: EUR, GBP, RUB, and USD
- Supported cryptocurrencies: Bitcoin (BTC)
- Anonymous: Yes
Final Word
The debit card doesn’t enjoy a positive review on platforms like TrustPilot. However, the management is fast to respond to any customer-related query and ensures all the demands are addressed with satisfaction. Despite this, it hasn’t stopped the bad review from popping up every now and then which calls for suspicion. On the whole, it seems to be a fairly good choice for European and Russians users. If only the company would invest in its distribution channels, the card has the potential to reach amongst the top debit cards. There is news that the company is currently testing its mobile app, which is a good sign. With no monthly charges, low ATM withdrawal rates, and strict security, the card does have the potential to win more customers.
As you may have known, Bitcoin operates on a networking consensus. This further enables newly generated payments to complete the virtual money ecosystem.
Pretty Cash System for the Internet
Among all other digital currencies in the crypto space, Bitcoin is the firstborn of all. Hence, 
becoming a more decentralized P2P transaction network, it has active clients worldwide. From the client’s angle of view, BTC is a prettier cash-like system for internet enthusiasts. Despite the critical founder going anonymous since 2010. The BTC community and forums have experienced growth. Users and countless developers have witnessed daily improvement in the BTC infrastructures. Nakamoto, the chief inventor of Bitcoin, left many with unjustifiable concerns. All these are mostly connected with the BTC framework as an open-source platform.
becoming a more decentralized P2P transaction network, it has active clients worldwide. From the client’s angle of view, BTC is a prettier cash-like system for internet enthusiasts. Despite the critical founder going anonymous since 2010. The BTC community and forums have experienced growth. Users and countless developers have witnessed daily improvement in the BTC infrastructures. Nakamoto, the chief inventor of Bitcoin, left many with unjustifiable concerns. All these are mostly connected with the BTC framework as an open-source platform.Who determines the price of a Bitcoin?
Supply and demand are critical for BTC pricing. Of course, when the demand rises, the price will eventually increase and vice-versa. Bitcoin has value since its usefulness qualifies them to become a “form of money.” Just like traditional money, the crypto Bitcoin has similar features. They are durable, portable, fungible, scarce, divisible as well as recognizable. These characteristics are usually based on the arithmetic property.
In the ecosystem, the cryptocurrency is usually generated at predictable and reducing rates. This implies that the demand curve is to go in the direction of inflation. After which, it will be able to achieve price stability. BTC remains small concerning the current market. Therefore, it does not utilize a substantial amount of money. This is to shift prices to either go upwards or downwards. For this reason, the Bitcoin currency becomes more volatile in its pricing aspect. The value for BTC remains only if individuals have the free will to embrace the money as a form of payment.
Who Manages Bitcoin?
We 
have shed light upon factors determining the price of Bitcoin. Therefore, we can now look at the overall management of the BTC. In truth, no one has full ownership of the Bitcoin network. You can relate this to the technological practice behind emails. The BTC consumers are the ones who control the BTC network evolving around the globe. For compatibility issues, all consumers in the network can opt other alternatives. Therefore, compliance with the set rules becomes an essential requirement.
have shed light upon factors determining the price of Bitcoin. Therefore, we can now look at the overall management of the BTC. In truth, no one has full ownership of the Bitcoin network. You can relate this to the technological practice behind emails. The BTC consumers are the ones who control the BTC network evolving around the globe. For compatibility issues, all consumers in the network can opt other alternatives. Therefore, compliance with the set rules becomes an essential requirement.How would you get a fraction of Bitcoin or the whole of it? Bitcoin helps to complete transactions while you purchase anything. Clients can enroll at the Bitcoin exchange site to secure a part of it. Similarly, individuals can choose to exchange BTC with other enrolled applicants. In conclusion, people will find it simple to send and receive BTC. So, no matter the location, its nature of “Payment freedom” can benefit anywhere.
Matters of cryptocurrencies seem to take the whole world by a blast. But there are methods financial regulators use. This is to tame the best performing digital currency, Bitcoin.
The Dollar Rescue Plan
Doubtful minds of Bitcoin present many arguments. This also includes other digital currencies 
globally. Therefore, there is a high probability of governments making their moves. Reports also suggest that they might enhance measures to control digital transactions. The US government might do so to manage its comparison from the US dollar. BTC is also heavily compared with other fiat currencies. Previously, Jamie Dimon, Chief Executive Officer with JPMorgan, had similar concerns. He suggested huge risks nipping close to the heels of traditional currencies. In a broadcast interview last month (although he has now begun to invest in the crypto business).
globally. Therefore, there is a high probability of governments making their moves. Reports also suggest that they might enhance measures to control digital transactions. The US government might do so to manage its comparison from the US dollar. BTC is also heavily compared with other fiat currencies. Previously, Jamie Dimon, Chief Executive Officer with JPMorgan, had similar concerns. He suggested huge risks nipping close to the heels of traditional currencies. In a broadcast interview last month (although he has now begun to invest in the crypto business).Where Things Stand for Now
Regardless of the high-profile comments campaigning for the complete ban of cryptocurrencies. We are still witnessing a ‘good start’ of the ban. The White House signed an executive policy to scrap the privatized Bitcoin ownership. This ban will apply the same way President D. Roosevelt did with gold. There seem to be hot discussions on ways to track and regulate whatever is happening. This tells us that a policy is close to implementation very soon. This is Bitcoin and other cryptocurrencies. After which, it will be prone to adjustments in the coming days.
The Crypto Surveillance
Crypto business is spreading like fire. This indicates that crypto investments may be the world’s next big thing. The world is already operating with hype in the entire digital coin ecosystem. However, there is a kind of financial surveillance hovering around. Most of the individuals have kept their spendings, savings other investments in banks. This also includes vast and small financial institutions.
Government has access to financial details. As these are available to several governmental agencies in different 
formats. These formats automatically reveal the unique kinds of transactions. This also serves as a tool for further financial research and studies. In the US, financial surveillance and related laws go back to the year 1970 in Bank Secrecy Act
formats. These formats automatically reveal the unique kinds of transactions. This also serves as a tool for further financial research and studies. In the US, financial surveillance and related laws go back to the year 1970 in Bank Secrecy ActFrom the looks of it, this strategy isn’t pretty acceptable enough for the White House. As we might see, they handle things bit by bit. They are also offering the Internal Revenue Service (IRS) an allowance to employ new staff. These staff will track the cash flow in banks. The tracking exercise should touch on digital currencies like the crypto exchange platforms.
Why People use Bitcoin
Unless savings and other investments have storage in centralized banks. Governments may find it difficult to survey transactions. As a result, their decisions might be more result-oriented. Bitcoin and other cryptocurrencies might become a tool to hedge. And then it has a usage to prevent any government from accessing financial details. Bitcoin may be hard to regulate due to its popularity. But let’s wait for what will unfold next.
Meitu is a Chinese photo-editing app maker launched in 2008. In a recent report, Meitu reveals that it purchased a decent amount of stake in crypto coins. It purchased $22 Million worth of Ethereum.
Also, Bitcoin for $17.9 Million. Flowing major investors in cryptos like Tesla and Square. Meitu is also backing cryptocurrencies with its extensive cash reserve. Although most of these companies invested in BTC, Meitu stands out the most. Its major portion of the investment is into the Ethereum blockchain coin ether.
Why did Meitu Bought ETH & BTC?
This act proves that Meitu is a crypto supporter. The company also said cryptocurrencies provide diversification. There are Speculations that Meitu might look into entering the blockchain app business.
After the company revealed this on Sunday. The prices of ether have seen a positive change. Bitcoin runs on its blockchain. Whereas Ethereum runs on a different network altogether. It operates on an open-source blockchain technology that is developer-friendly. This means any developer can develop apps on the Ethereum blockchain. What’s more the company can also use ether as its payment driving force. As it works seamlessly on top of this blockchain. In a statement, Meitu compares blockchain to the disruption smartphones bought. They said it has the potential to bring a change in the technological and financial sector.
They also stated that cryptocurrencies have a large space for improvement monetarily. And the company can benefit from that in the long-run by diversification. By allocating a part of its cash treasury they can even counter devaluation.
About Meitu
There was a time in the early 2010s when Meitu was the pioneer in the beatification of photos. It created that 
dominance just by providing touch-ups to regular pictures in China. But all this came to a stand-still after smartphones took over the industry by storm. Now, most devices come with a built-in filter that creates similar effects. This makes it hard for companies like Meitu to survive in the market. The company which was HK$18 in 2017 is now standing at just HK$3 currently.
dominance just by providing touch-ups to regular pictures in China. But all this came to a stand-still after smartphones took over the industry by storm. Now, most devices come with a built-in filter that creates similar effects. This makes it hard for companies like Meitu to survive in the market. The company which was HK$18 in 2017 is now standing at just HK$3 currently.Meitu’s chairperson Mr. Cai Wensheng is also an amid supporter of this revolution. Even though coin offering and crypto exchanges are not allowed in China. He says, he purchased around 10K Bitcoins in 2018 alone.
More details about the purchase
Meitu aims to create an alternative growth plan. There are doing that by investing in the crypto world with a positive mindset. On 7th March it purchased close to 15K ether that is worth $22.1 Million. And around 380 Bitcoins worth $17.9 Million. All these transactions took place in the open market. Bit, this is not the end, the company is looking to invest more. With around $100 Million in cash reserves. Meitu aims to invest all that into cryptocurrencies. Considering that, this might be their first buy, out of the many coming in the future.
If you have followed the Bitcoin community for at least 2 months then you should have heard about “Bitcoin Maximalist” many times. But what does it mean to be a Maximalist let alone a Bitcoin Maximalist?
What is the meaning of Maximalism?
Any person who has a strong belief in something. And is not ready to change his views is a Maximalist. These people are hell-bent on a point regressively. They will ignore anything that questions the 
belief they idealize. Each community has multiple maximalists who will blindly support their agenda. Likewise, there are Maximalists in the crypto world.
belief they idealize. Each community has multiple maximalists who will blindly support their agenda. Likewise, there are Maximalists in the crypto world.Who is a Bitcoin Maximalist?
In simple terms, a Bitcoin maximalist is a person who has an unwavering belief over Bitcoin. Bitcoin Maximalist do not accept any other cryptocurrency. These people think bitcoin is the only currency worth caring about. Due to which they despise all the other crypto-currencies. Maximalist even call their existence questionable and unwanted. There are thousands of people who claim themselves to be bitcoin maximalist.
All this started when a group of Bitcoin supporters came together. They backed bitcoin on multiple social media platforms and started calling themselves “Bitcoin Maximalists.”
Why Maximalists Love Bitcoin?
Bitcoin is the most prominent cryptocurrency in the world mostly due to its value. But, for a maximalist, that is not all the reason to consider it as its savior. There are many other aspects influencing people into becoming Bitcoin Maximalist. Some of the reasons why maximalist love bitcoin are as follows:
- No need for permission:
One of the primary reasons why maximalists support bitcoin is because it’s peerless. You don’t need to take any approval to send payments via bitcoin.
- No confiscation required
With bitcoin on your portfolio, there is no way anyone can ever confiscate your holdings. Due to its anonymity, it is rather hard to track the holdings of any individual.
- Trustless
Payments are mostly processed through financial institutes authorized by the government through trust. But it’s much better to transact through a decentralized currency like bitcoin. Here you will not have to trust anyone but yourself. This provides greater control which makes it dearer to maximalists.
- Self-sovereign bearer asset
The money we have at our bank is not completely controlled by us as we have given banks the right to use our money. But, with bitcoin, a user fully owns his holdings with no third-party access. This makes bitcoin a self-sovereign asset fully controlled by the bearer.
- Capped from inception
There is 
no limit to the supply of any commodity like cash, or gold. But bitcoin is a totally different case. The most debated topic about bitcoin by maximalists is its limit. There are only 21 Million minable Bitcoins in total which makes it very unique and valuable.
no limit to the supply of any commodity like cash, or gold. But bitcoin is a totally different case. The most debated topic about bitcoin by maximalists is its limit. There are only 21 Million minable Bitcoins in total which makes it very unique and valuable.Does Maximalist affect the Bitcoin market?
Maximalism is a sign of blind trust and faith. Any currency which is not controlled by anyone solely soars based on trust and faith. Bitcoin maximalists play a very vital role in supporting its overall-growth. Some even say that the exponential growth of bitcoin is due to its loyal maximalist. Although this is a highly speculated matter and no sources have confirmed this news.