A Threat for Bitcoin

     For a few days there have been reports that there is a person or a group of people that has not been identified yet that has been manipulating the price of bitcoin market. This practice is known as Spoofing.

     The user or user group was discovered by a bitcoin user who expressed in his twitter account that there is a group of anonymous people who are attacking the bitcoin network to access bitcoin prices and do what they want. They have recorded that they have placed extremely high prices or prices too low to be true. However many people have fallen into their traps and these have taken advantage of that.

     The unknown entity has been baptized with the name of Spoofy and it has registered that its operations are realized more than everything in a Bitcoin Exchange. Several people at the time of Buy Bitcoins are deceived by these false prices and end up paying considerable consequences.

     Spoofy have a modus operandis which described the user well in his twitter account. He claimed that the entity has two scenarios; First makes you believe that the price of bitcoin is very low and is falling very fast, this way it makes people Buy Bitcoins in large mass and for that reason the price of Bitcoin increases because it has more demand. The other scenario is the opposite, it shows the price of the BTC very high and that way it always keeps the same buyers of cryptocurrencies. Many times it offers the Best Bitcoin Rate of any country or sector but we must be alert not to be deceived in order not to have losses of the cryptocurrencies.

     Spoofing sends false signals about wrong bitcoin prices for the purpose of Buy Bitcoin people at those fake prices. The only purpose of spoofing is to deceive people with their false prices. That way they make many mistakes when buying cryptocurrencies.

     Bitxoxo said he has seen certain attacks of this entity but they have not been affected and continue to offer a quality service. Most of the people who operate with this cryptocurrency are located in India and many times have registered one of the Best Bitcoin Rate in that country. Bitxoxo like other Bitcoin Exchange worldwide have been kept safe from these attacks that do nothing but annoy.

Some Bitcoin Exchanges Are Rejected Bitcoin Cash

     After Bitcoin's recent event last August 1, several exchange houses and Bitcoin Exchange have shown rejection of Bitcoin Cash, even announced that they would never accept it. Some also mentioned that they will limit transactions with Bitcoin to stay away from the new cryptocurrency.

     Some of the Bitcoin Exchanges that were pronounced before such circumstance are some of the most popular and are even considered the Best Bitcoin in India and several of it also belong to the Top Bitcoin Exchange in India. ZebPay, UnoCoin and Coinsecure are some of those that gave the public their actions to take for the coming months and even for the next few years.

     Hindu people had to take action in the matter because the leaders of these Bitcoin Exchange announced that all users transfer their cryptocurrencies to their wallets or electronic accounts because at any moment they can stop admitting to Bitcoin. However other Top Bitcoin Exchange in India platforms like Bitxoxo, announced that it will adapt to the new digital currency change and will follow all the modifications agreed by the members of the Bitcoin and Bitcoin Cash coins. Even some analysts said that the Hindu People that had Bitcoin on ZebPay could be quiet as they can operate without any inconvenience, but for some this is an uncertainty and prefer to send their cryptocurrencies to safer accounts to lose nothing.

CoinSecure, like Bitxoxo has announced that it will study the possibilities of accepting the new Bitcoin Cash in the future but in the meantime it will stay out of it and will closely monitor its price and its movements.

     Unocoin will stay totally away from Bitcoin Cash because its implementation would bring many changes and modifications to its system, also announced that Blockchain was not available even for BCC and decided not to take letters in the matter recommending its users to look for other Top Bitcoin Exchange In India or sell their Bitcoins, change to local currency or simply store them in another Bitcoin portfolio.

     It is important to note that there are many Bitcoin Exchanges in India that if they are accepting and allowing transactions with Bitcoin Cash, Bitxoxo is serving as an example to many of them and is hopeful that it will remain Top Bitcoin Exchange in India.

Some Bitcoin Cash Exchanges and BTC Wallets

     Many users of Bitcoin and cryptocurrencies had some uncertainty about what would happen after August 1 with Bitcoin and its bifurcation and how that would affect Bitcoin exchange houses and wallets.

     Bitcoin Cash, the new cryptocurrency, the new asset born from Bitcoin is already being accepted by several exchange houses from several countries of the world. Some of the most recognized that have already adopted it on their platforms are mostly Best Bitcoin Exchanges in their countries and others belong to the Top Bitcoin Exchange worldwide. Among them we have ViaBTC which was one of the first in recognizes the digital currency and even have already registered people who Sell Bitcoin through it who have already been selling Bitcoin cash as well.

     Other platforms like Bitxoxo, one of the Best Bitcoin Exchange in India have already been studying the cryptocurrency and are modifying their platform to begin to allow the use of operations with her. This can be in great demand since it is many people like Bitcoin Exchange in India and therefore its popularity will continue to grow.

     Bitfinex and Kraken approved Bitcoin Cash in their systems, while others like ZebPay and UnoCoin still do not agree on cryptocurrency. Several Bitcoin Exchange are waiting for the currency to normalize a little more and to be more stable to start adopting it because its spontaneous rise has kept it giving strong changes that can make doubts as to a price range.

     All exchange houses in China decided to adopt Bitcoin Cash. The most popular among them, belonging to the Top Bitcoin Exchange in China: OkCoin, Huobi and BTCC. Despite being of the Best Bitcoin in India they maintain a very high interest rate, although unlike other exchange houses can be very high, in China they are the ones that charge less commission per transaction.

     In Europe HitBTC accepted the change and the new digital currency, attending a considerable demand as far as other exchange houses and other cryptocurrencies.

     At this moment Bitcoin Cash has a market capitalization located in the fourth place in the world ranking with $ 6.5 million dollars and more than $ 304, 86 million in transactions.

Acceptation of Bitcoin Cash in India.

Most of the Bitcoin Exchange companies have informed that they will not give support to Bitcoin Cash, the new cryptocurrency created this week. Therefore, users that wanted to trade with Bitcoin cash had to move their Bitcoins from the wallets of their Bitcoin exchange companies to other wallets that are not associated with companies like Zepbay, Coinsecure or Unocoin. The only company that has not let known their clients about if they will support Bitcoin Cash is Bitxoxo, what is considered the fastest Bitcoin exchange in the Asian country.  The bitcoin operations were suspended from the last Sunday to August 3^rd by most of these companies. 

Does the negative to accept Bitcoin cash represent a delay in the Indian economy? It is a curious question. Bitcoin cash this week reached the position of the third most valuable cryptocurrency. So, one could expect that its popularity and advantages like the faster transactions, no regulation from any government, call more people to start trading with Bitcoin Cash and sell their traditional Bitcoins. It is normal that most of the companies of Bitcoin exchange in India do not support Bitcoin Cash since its demand is still low in the country, but as soon as the demand of the cryptocurrency increases these same companies will have to update and adapt their Bitcoin exchange to cover Bitcoin cash. 

All the new inventions in the history of mankind start with low support, but at the end the world follows the invention. Hence, Bitcoin exchange during these days will remain with the same dynamics, but the preferences of Bitcoiners are going to be the final key to decide what the future of Bitcoin exchange in India is. 

Other fact that worries the Indians that participate in the trade of Bitcoin are the new proposals that the ministry of finance has provided to the government in which bitcoin and all cryptocurrencies usage will be stopped and probably considered illegal. If this action is decreed would paralyze activities with both Bitcoin and Bitcoin cash. The future of cryptocurrencies in India will be pending on the decisions of both the government and bitcoin exchange companies.

Bitcoin Change in India

     In India the bitcoiners have been a little distressed by the bifurcation that Bitcoin had. Many have been investing their money in other things and some new investors have decided to keep their decision to buy Bitcoin in India because it has definitely become a great opportunity to save money and to invest as well. However, this new bifurcation caused thousands of people to transfer their Bitcoins to their electronic wallets to secure their money invested. Many of the Top Bitcoin Exchange in India announced that they would keep their cryptocurrencies safe and that even with the new changes of the digital currency they would be given what corresponds to each one in new cryptocurrency, Bitcoin Cash. Few of the Best Bitcoin Exchange in India were able to keep their word and decided to freeze all operations until the tide goes down and both cryptocurrencies manage to settle down a bit.

     Bitxoxo, ranked number one in the Top Bitcoin Exchange in India, announced that it will maintain its operations and that all procedures will be respected. Bitxoxo, one of the Best Bitcoin Exchange in India, will take over the cryptocurrency division and adopt Bitcoin Cash to enable users to perform operations with both digital currencies from the same platform and thus remain among the Best Bitcoin Exchange in India.

     Hindus have been investing for some time in the digital currency and hope that this change will not affect their finances. Many digital currency analysts in this country reported that this bifurcation will be of great benefit and more people will be able to join cryptocurrencies. This has been a vote of confidence in favor of Bitcoin and Bitcoin Cash since both cryptocurrencies belong to the same root and have the same track record. Bitcoin Cash will have great acceptance in India just like in other countries. He is even setting an example for other nations, for example; Russia is already studying the possibilities of legalizing currency in its territories, especially in border areas to facilitate the exchange of currencies to tourists and foreigners. Now it remains a good opportunity to invest and Buy Bitcoins in India and in other parts of the world.