Read this if you need reasons to invest in Bitcoin Cash
Introduction
In recent times there have been a lot of arguments within the crypto space on which digital assets to invest in, Bitcoin or Bitcoin Cash and we've heard and seen several views from different persons but still we need more convincing reasons why we should invest in Bitcoin Cash.
Some would easily say they will choose investing in Bitcoin rather than Bitcoin Cash because they see others do instead of looking deep into the Advantages and more reasons why they should. Some say they will choose to invest in Bitcoin because the Price gets over $20,000. Well! One needs to see more reasons why they should invest in Bitcoin Cash and in our own view, below we'll list several reasons why you should invest in Bitcoin Cash.
What Is Bitcoin Cash
Bitcoin Cash is A Decentralized Digital Currency built to solve delays and difficulties in Remitting and also to serve as a save Haven for Peer to Peer Transactions.
Bitcoin Cash was Forked from Bitcoin in 2017 having realized that Bitcoin was deficient in fulfilling Satoshi's vision of Peer to Peer Transactions.
Why You Should Invest In Bitcoin Cash
Adoption Of Bitcoin Cash For Remittances
When it comes to Remittances, Bitcoin or any other crypto currency can't stand a test with Bitcoin Cash, not for larger transactions and definitely not for micro transactions too.
For instance; If you have $5 worth of Bitcoin Cash, Bitcoin, Ethereum and you're sending it to a friend, Only the transaction on Bitcoin Cash could scale through where as it will take $5 to send $5 using Bitcoin and even more using Ethereum.
So, imagine investing in a Digital Currency that assures you of a store of value even when Remitting across borders.
Has An EVM Compatible Sidechain - SmartBCH
The introduction of an EVM compatible sidechain to Bitcoin cash is a huge step towards mass adoption. With an EVM compatible sidechain, Bitcoin cash is able to do likely everything that is possible on Ethereum virtual machine. Games, NFTs, DEX and more are now being built on the BCH sidechain, SmartBCH.
Not Owned By A Government
Bitcoin Cash is Decentralized, not controlled by a person or government so you don't need to pay taxes for investing. For countries with an unstable economic system, Bitcoin Cash can be a solution because it doesn't require signed documents to be processed, no limitations by Laws and no rejected transactions.
Liquidity
Let's talk about liquidity as a reason why you should invest in Bitcoin Cash. Liquidity, the ability to Exchange assets for Fiat without affecting the price of the asset.
As an investor, when profits are accumulated, you might decide to take out your profit or reinvest them. How would you feel if you get half the value of your profit when you want to use it? It makes no difference with paying percentages to Banks for Keeping your money where as Satoshi's white paper never said so.
You can only get same the value of your profit while converting to Fiat or while Reinvesting on Bitcoin Cash as it is built to ensure liquidity to your assets.
Active Community
Bitcoin Cash has an active Community of Developers working tirelessly to build more Innovation in order to solve the world's needs. This will not only yield to an increase in the market cap but also an increase in value.
Knowing well that Bitcoin Cash happened to be a part of Bitcoin before the Fork on 2017, majority of the Developers who left for Bitcoin Cash are well talented, building several projects for the sustainability of the Digital asset which would in the Nearest future bring Bitcoin Cash ahead of Bitcoin.
Flexibility In The Market
With Bitcoin Cash, you can import, export and pay in any amount for your goods within seconds. With a block size of 32mb which can accommodate multiple times transactions at a time than that of Bitcoin. This means that you can send and receive Bitcoin Cash within seconds of transacting without rejected transactions, delays or limitations.
Micro Fees
The Bitcoin core fees are much higher compared to fees on Bitcoin cash, according to the developers, this is due to the fact that there are limitations to Bitcoin's block capacity.
When there are congestions on the amount of transactions made on the Bitcoin's BlockChain at a time, it results in an increase in transaction fees.
In the case of Bitcoin Cash, it is very different, Bitcoin Cash transaction fees are much less as the block space is not limited to a low capacity. This allows you perform any amount of transaction with a little or no fee.
In Conclusion,
There are no much differences between Bitcoin and Bitcoin Cash except for the fact that Bitcoin Cash aims to follow the original ideas of Bitcoin in being peer-to-peer electronic cash. This Simply means that Bitcoin Cash is a better version of Bitcoin and is highly recommended for Investors like you.
