Will BCH continue to rise?

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Written by
1 year ago
Topics: Global, Finance, USA, Business, Investment, ...

I'm not so sure, here's why.

Let's look at the date for now

Let's look at the date for now. Bitcoin Cash (BCH) started life as a hard fork of Bitcoin (BTC) in August 2017, but has since become one of the top 10 cryptocurrencies by market cap. BCH has seen a lot of ups and downs over the past year, but it looks like the coin is on its way to recovery.

Bitcoin Cash Price Prediction 2019, 2020-2022

The current price of bitcoin cash on the market is $423.99 USD (as of January 2019).

In the last 6 months, Bitcoin Cash’s highest price was $811.10 USD (July 27th, 2018), while its lowest price during this period was $529.87 USD (February 11th, 2019).

Based on its historical trends, we can predict that in the next 6 months its value will increase by at least 2x and may potentially reach up to 3x its current value or more if you buy at the right time!

What is driving Bitcoin Cash?

Bitcoin Cash (BCH) is a cryptocurrency that was created as a result of a hard fork of Bitcoin. It's one of the most popular cryptocurrencies in existence today and has quickly grown to be quite valuable. BCH uses blockchain technology, which refers to systems where data is stored on an open ledger rather than being stored by a central institution or company. Blockchain technology allows for anyone with access to it to see the same information at any given time. This prevents tampering with data and makes it difficult for criminals intent on stealing funds or otherwise altering records in any way they please.

Bitcoin Cash was born out of controversy surrounding how Bitcoin should handle its growing popularity among both users and investors around the world. Some stakeholders felt that larger blocks were necessary so that more transactions could be processed without increasing fees too much or causing delays due to backlogs; others felt that raising block sizes would only make things worse over time as more people joined their network (and thus increased demand for processing power). In 2017 when BCH came into existence, one faction left behind its original software base (BTC) while another adopted its own version based off newer code (BCH).

Is Bitcoin Cash a good investment?

Bitcoin Cash is a digital currency, which means it's not regulated by any government or bank. That makes it extremely hard to predict how much the price will go up or down. The value of Bitcoin Cash has been rising steadily since it was first launched in 2017, but there's no guarantee that trend will continue.

Bitcoin Cash can be an exciting way to invest your money—but remember that there are risks involved with investing in cryptocurrency. Cryptocurrencies are not guaranteed by any government or central bank, and their values change depending on supply and demand for them (like stocks). It's important to research any investment thoroughly before making your decision and do some research into whether you have enough money set aside from unexpected expenses so you don't lose all of your savings if things go wrong with one particular investment. Remember: this is a high-risk investment! If you can afford for yourself (and your family) not only to lose everything invested but also potentially suffer financially because of those losses due to poor health insurance coverage or other unexpected costs related thereto then maybe Bitcoin Cash would be worth considering as part of an overall diversified portfolio consisting primarily of traditional stocks/bonds funds rather than just cash equivalents like savings accounts."

The future of Bitcoin Cash

Bitcoin Cash (BCH) is a hard fork of Bitcoin (BTC) that occurred in August 2017. In response to the scalability debate, supporters moved to create a new version if Bitcoin with larger blocks and faster processing times.

The main difference between these two currencies is the size of the block: BCH has 8MB blocks while BTC has 1MB ones. This means BTC can process only five transactions per second while BCH can handle more than 60 transactions per second.

Prediction is not science. With Bitcoin Cash (BCH) price on the rise, the future looks bright for the coin, but there are reasons to believe that this increase might just be a bubble and will not sustain.

The history of cryptocurrency has been one of ups and downs. BCH started at $600 in December 2017, then dropped to around $300 in January 2018 before continually increasing until June 2018. This means that it's possible we could see another drop in value over time as demand wanes or speculators sell off their holdings to absorb some losses.

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Avatar for JoyC
Written by
1 year ago
Topics: Global, Finance, USA, Business, Investment, ...

Comments

It's really difficult to see bch pump alot higher because its a backed coin of Bitcoin. And i has reached its yielding value to be a backed coin considering Bitcoins current value. The higher the price the more difficult to move higher

$ 0.00
1 year ago

With the current price pattern and how it crashed close to historic lows in the past week, it will be difficult for it to return to sky high. Especially considering how it dips with BTC but barely rises with it. It's difficult to attract whales with this pattern. I have faith in BCH but.... it's difficult to decide.

$ 0.00
1 year ago

I also have faith in Bch, but it's difficult to decide. I have a list of the monthly trends since last year (I'll post that later) and it's not encouraging. Anyway, in the world of Cryptocurrency, anything is possible. So let's keep our hopes up!

$ 0.00
1 year ago

These price prediction says a lot but it doesn't necessarily follow suit based on the price pattern for the past few months. Bitcoin cash may crash even further but I sincerely hope not.

$ 0.00
1 year ago