Bitcoin Cash: should we invest or not?

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3 years ago

What is Bitcoin Cash?

  • A well known bitcoin fork that is trying to forge its own path and identity

The question is, Can it really do this or should it be considered? Before anything else, let us knew when bitcoin cash started.

History of bitcoin cash

Bitcoin cash beginning can be traced back all the way in a conference in New York in year 2017. The conference"Consensus 2017" features a 100+ speakers and 2000 attendees from the leading industry start ups, investors, financial institutions, enterprise tech leaders and academy and policy groups who are building the foundation of the blockchain and digital currency economy.

Back then scaling a bitcoin is a challenge, network speed is slow and feast is climbing. So the titans in conference came up with a solution, the SegWit2x, which will increase the block size limit. But there are groups who are against this. The only way to scale bitcoin is is to increase the block size limit.

Bigger block > more transactions> more throughput>faster transactions>lower fees

This group who are against SegWit2x decided to split the blockchain into two. Thus Bitcoin cash is born, that has a 8mb block limit.

Bitcoin cash

So should we invest in Bitcoin Cash?

Bitcoin cash has established as a strong cryptocurrency throughout this years. In fact it is number 6 crypto in terms of market cap behind btc,eth,usdt,xrp and dot.

Bitcoin cash could be positive. The total hash rates is increasing. This shows that mining pools believe in thecfuture of BCH.

BCH fees are low again, so it is more stable with completing more transactions. This could stimulate the rise towards the cryptocurrency.

But just like bitcoin, BCH has its flaws.

Bitcoin Cash productivity depends on miners’ activity. Network complexity grows bigger, so miners have to spend more resources for effective work. This will have a negative effect on transaction rates. If this happens, the BCH price will fall.

This goes for security issues. If miners are reluctant to use their high hashing power, that 51% possibility of an attack will grow. Thus, someone with great resources could have the power to control the BCH chain and use it for their own needs.

As for me investing of BCH today may be a great deal. But i am not confident enough to try out my luck.

So instead of investing, im hodling all my earnings here at read.cash, hoping and praying that someday it will be as high as bitcoin.

So please take note of this.

Only invest what you can afford to lose

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3 years ago

Comments

Btc on the way to the moon right now. Maybe bch us next

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3 years ago

Thanks for the knowledge Buddy

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3 years ago

Youre welcome bro. Check my other articles. You'll have more information about crypto

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3 years ago

I'm no knowledge to Bch, pls explain me, how to investment in Bch?

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3 years ago

Your earning here in read.cash never convert it to your currency and wair for it to increase its value. Or buy bch in a lower price then trade if its high

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3 years ago

I agree with you. Bitcoin is beautiful platform.btw thanks for sharing

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3 years ago

Thanks for the appreciation

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3 years ago

i´m gathering all Satoshi i can in several sites ,hoping i can live up the dream of owning one Bitcoin .

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3 years ago

Good luck to you. Can i ask what sites are you visiting to get some satoshis

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3 years ago

Yes I agree with you. Bitcoin is a beautiful platform. Good profit is obtained by investing in science. I still work with Bitcoin. I invest and work❤️

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3 years ago

How much are you investing in bitcoin?

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3 years ago

I'm no knowledge to Bch, pls explain me, how to investment in Bch?

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3 years ago

If you are interested in investing, its just simple. Convert your money into bitcoin cash and hodl.

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3 years ago

anything you consider an investment should be something you are comfortable with loosing. I like bch its one foundation of the cryptocurrency market. However the eos 1 Block chain seems like it would handle mass adoption of cryptocurrency

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3 years ago

yea. As it said in this article. We should aware that crypto is a matter of luck

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3 years ago

My wish is to have at least 1 BCH at the end of the year. But I don't have plans of investing in Bitcoin cash at the moment. So most of it will come from my earning here on Read.cash.

How feasible is it... Time will tell.

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3 years ago

we arw planning the same thing. Hope read.cash will be the bridge to earn 1 bch

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3 years ago

Wow this is great. Thumbs up man

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3 years ago

Mind-boggling Article

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3 years ago

thank you for the response.

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3 years ago

Bitcoin cash has established as a strong cryptocurrency throughout this years.it's your wish at your own risk to investment Subscribe to help me

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3 years ago

Yes, I agree with you - invest what you can afford to lose. As far as investment is concerned, if I have to choose a crypto, I will always go for bitcoin. BCH would still be my second or third choice.

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3 years ago

Okay. I knew that bitcoin is more stronger than bch. But still we should consider. Maybe in the future. Bch will boom

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3 years ago

I subscribe you,,please subscribe me.

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3 years ago

Good article man.please subscribe me.

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3 years ago

i will. Thank you

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3 years ago