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Bitcoin Cash Donations Through HandCash Help Feed This Chicken Coop on Twitch

Cryptocurrency enthusiasts often wonder if and why Bitcoin Cash is used as a payment method. Several key developments in the ecosystem have made it easier to transact in BCH. One particular project on Twitch, while rather niche, seems to confirm Bitcoin Cash is a more than viable payment method. Time to feed the chickens!

Bitcoin Cash for Chickens

Every “‘mainstream” venture involving cryptocurrencies looks awkward at first. Redpepper261’s Twitch stream is no different in this regard. It broadcasts a 24/7 feed of a chicken coop, which might not necessarily be something to get overly excited about. Surprisingly, there is a direct Bitcoin Cash connection to this stream, which makes it all the more intriguing.

How Does it Work?

The concept is rather simple in nature. First and foremost, it requires two different cameras pointed at the chicken coop in question. While one could argue no one wants to monitor a chicken coop on a 24/7 basis, the reality is often very different. In this regard, broadcasting the video feed on Twitch will undoubtedly attract some viewers along the way.

What makes this project even more interesting is how it ties into Bitcoin Cash. Viewers of the stream can donate BCH through the HandCash platform as a way to support the chicken coop owner. His main objective is to make more people aware of Bitcoin Cash and how it provides an alternative form of payment on a global scale.

Everyone who donates Bitcoin Cash effectively helps feed the chickens in the coop. This is also a great way to raise awareness for HandCash, a solution which makes it very easy to send BCH payments on a global scale. So far, over $250 worth of BCH has been donated, which shows this venture is successful in its own regard. The stream also has over 11,400 views, indicating the Bitcoin Cash message has been spread to many people in the process.

Can it Make a Difference?

Although this is a very niche project first and foremost, it can also be a viable way to spreading Bitcoin Cash around. The HandCash platform can be used for a wide range of purposes first and foremost. This chicken feeding stream is just one of the many thousands of potential implications. Given the success so far, it is evident there seems to be some interest in this idea, regardless of how odd it may seem.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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