Can BCH ever be a good investment option?

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Avatar for Iamjohn
1 year ago

BCH gained its popularity over the year mostly because of its low fees and fast transactions. Also, the blogging platform based on BCH brings real value to the users. On top of that if we take a look at the price history then we have to admit that it seems it can go up anytime as it performed much better than any coins at some point.

But how much is this true? Can the price go high again soon? Can it be a good investment option?

To be honest I don't find many who are interested to invest in BCH. Because the price is going down even the other coins are up at the same time. While digging in I got to know that the miners get a comparatively low percentage. Probably that's the biggest reason people are not interested in it. Also, Insufficient security is a good reason to scare people off.

Keeping all this in mind, I was taking a look at the price prediction chart.


screenshot link

Apparently, BCH is on the top losers list. While I was writing this it was down to 3.17% already and the market cap going down.

The minimum cost of Bitcoin Cash will be $156.11 by the end of the year. It doesn't look good, I know. But the good news is, it can go up in two years. The question is how much that will be and how many of us can wait and hold for that long.

There are speculations that the Bitcoin Cas price will hit the average price of the $1500 mark by the end of 2025. No need to say it's a too optimistic and unrealistic prediction. As per I understand it can be around half a grand or a bit more than that. I personally wouldn't call that a good investment option.

However, if you are the one who uses their blogging platform and looking for a low-fee transaction for your money then you can go for BCH. But for investment, take your time and think how much you can gain.

I have to admit, BCH has the ability to be a major means of payment because of its quick, easy, and almost cost-free transaction. It's true that for decentralized money we need much more than that to make a network stable and work. Hopefully, we will get to see more update and upgrade so it can be a go up to the moon again like in 2017!

Thanks for visiting my blog.

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1 year ago

Comments

In as much as we should be positive, the price of BCH is still not encouraging and the price is not looking like touching the moon Everytime soon. To me, I think it's still a good investment coin for those that can wait

$ 0.00
1 year ago

That's what I too believe. It's an investment for those who can wait for a very long time, at least 2 years. We hope for the best as it will serve us the best too.

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1 year ago