When should I sell my Bitcoin Cash (BCH)?

For those whose bitcoins were held on an exchange which split BCH from BTC and offers a market in BCH trading, you’re already done – sell your BCH whenever you feel like it. Everyone else will have to decide between the three exchanges currently accepting BCH deposits; HitBTC , ViaBTC and Bittrex. I used HitBTC for two good reasons:

How to use Bitcoin Cash?

Connect your ledger and select “Bitcoin Cash” from the available options on the device. The following screen will open: Select “Bitcoin Cash”. The following screen will ask if you want to access the main wallet (BTC and BCH combined) or the split wallet (Only BCH). Select “split”. Go to “receive” and generate a BCH address.

Is Bitcoin Cash (BCC) profitable?

However, as more people figure out how to sell their coins, profitability may well decrease. Bitcoin Cash (aka Bcash, BCH or BCC) forked off from Bitcoin on the 1st of August and its launch has proven rather rocky. Three days later, only 2 exchanges are supporting Bcash deposits – and its price has crashed on both.

Should you sell your bitcoin?

Similar to trading stocks, you only need to list gains you earn from bitcoin as income when you decide to sell. “If you never sell your bitcoin, you never owe cash,” Ben Weiss, COO of CoinFlip, the largest Bitcoin ATM provider in the country, tells CNBC Make It. “Bitcoin is treated like if you bought and sold a stock.” I sold my bitcoin in 2020.