Bitcoin Diamond (BCD) Analysis

Market Cap

$98,632,141 USD

Volume (24h)

$1,003,656 USD

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3.5

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Bitcoin Diamond Markets Rank: 10/100
Volume Ratio

How actively is this asset being traded on the market?

Bitcoin Diamond Volume Ratio Rank: 1/100
Market Cap

The total cost of all coins available.

Bitcoin Diamond Market Cap Rank: 98/100
24h Change

Is the price moving up or down?

Bitcoin Diamond 24h Change Rank: 51/100
Social Following

How many users are following this coin?

Bitcoin Diamond Social Following Rank: 86/100
Google Trends

How many users are searching for the coin?

Bitcoin Diamond Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Bitcoin Diamond Twitter Citation Rank: 21/100
User Voting

How popular is this coin among Cointobuy community?

Bitcoin Diamond User Voting Rank: 71/100

Bitcoin Diamond investment analysis

BCD investment started when Bitcoin diamond was forked from the main blockchain at precisely block height 495,866 on November 2017, which gave those who had BTC at the time in wallets where they controlled the private keys the privilege of claiming free airdrops.

The primary reason why this coin exists is to correct some fundamental problems with the original network and attempt to reinstate the visions of the founder of the decentralized networks – Satoshi Nakamoto.

The solutions provided by this platform centers about providing more privacy features and enhance transaction speed. And they basically have achieved some of this promises by providing some new features to the platform, such as increasing the block size from 1mb to 8mb and higher encryption models for transactions both of which is expected to increase the speed as it also creates more room for transactions to be carried out on the network.

How to buy?

$0.528879

+91.2%

$1.01

440/3184

by Safety

1732/3184

by Profit

How to buy Bitcoin Diamond?

At the moment, the official website lists about 38 exchanges where it is currently being traded. And since it started trading in November 2017, it had quite a copious trading volume across many exchanges.

To buy Bitcoin Diamond coin, you will need any of the trade pairs to which it is being traded with on those exchanges and they include BCH, BTC, ETH, KRW, USDT, CNY, and USD. You can get any of the pairs from most of the exchanges or you can simply buy with fiat by directly purchasing using USD, which simplifies the whole process.

In order to store the new asset off the exchange once you’ve bought them, the website lists about 8 different wallets that support the storage of the asset, but they are mostly third-party apps.

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Investment in cryptocurrencies like btc diamond should begin with some understanding of what the project is about, especially when you consider that it carries some of the peculiarities of BTC itself. Some questions regarding safety in both ROI and future objectives of the platform can be a fine line to help you determine a maximum profit margin.

Will the project really outdo BTC payment network in the near future or at any point in the future at all?
How will the adoption rate be, considering that there are many forked versions of BTC already, with all claiming to solve similar problems of privacy, TPS, scalability etc?
In the least, as a speculative asset, will it thrive? Are there hopes that this coin will eventually hit limelight and stay there?

First off, the project was started by two blockchain developers who took their curiosity about blockchain beyond just digital assets but considered the underlying principles and how it should stay that way.

So yes, they did find a problem with the original system and wanted to solve it. And yes their solution couldn’t be more timely, as bitcoin, being the first digital decentralized payment network and coin which by chance we could say has more of the market dominance, still find itself stuck in what seems to be like an Achilles heels caused by block size which hinders the number of transactions that could be processed per time.

This problem alone makes all the forked versions an interesting pique of interest in what digital assets could be like without the limitations observed in the earliest version. So BCD being the latest forked version as at the time of writing does have something more than a speculative vesting collar.

Another very important point to note before you invest in BCD coin is how exchanges rapidly embraced it so much as 38 exchanges had listed and started trading within the space of 3 months.

Moreover, speaking of privacy and account protection, most decentralized systems are fond of claiming to provide a transparent but yet secure and privacy feature as a service outlet to their user base, however, with the original network, bitcoin couldn’t afford the luxury of those features.

So in summary, BCD guarantees investors the speed in transactions, and improved privacy features for transactions carried out on its network; moreover, it sets a new threshold which is comparatively lower so that new members of the cryptocurrency community can participate.

Do not consider this material as investment advice. Do your due diligence and research more about the coin before you invest in bitcoin diamond.

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