Seven months after bitcoin celebrated its eight birthday, a part of the bitcoin community decided to fork-off from Bitcoin and to continue a different path under the name Bitcoin Cash. The objective was clear, increasing the block size limit and therewith increasing the chance to become a true digital currency.
But why nobody seems to care about this 'fork'?
A quick look at the price of Bitcoin Cash against Bitcoin and Ethereum shows that the price of Bitcoin Cash has seen a decline of no less than 96,9% against Bitcoin and of no less than 92,4% against Ethereum. This bad price performance together with the negative sentiment that still exists towards Bitcoin Cash are causing many investors to look the other way.
Why am I investing in Bitcoin Cash?
Besides the improved fundamentals such as Simple Ledger Protocol, Cash Fusion, AnyHedge, PayPal support, Infrastructure, Flipstarter … there numerous other reasons, that people seem to forget, that make Bitcoin Cash a great investment.
Bitcoin Cash has continuously been in the top 10 cryptocurrencies by market cap and has been indisputable ranked nr.4 after Bitcoin, Ethereum and Ripple. This leads me to believe that despite all the negative propaganda on social media platforms, a lot of investors are 'secretly' holding a large bag of Bitcoin Cash but are afraid or ashamed to let the world know.
Bitcoin Cash currently has 18,5 million coins in circulation and maximum number of coins in circulation is limited at 21 million. Research shows however that a certain percentage, around 4%, of the coins in circulation is lost every year which would suggest that the real circulating supply is much lower. This scarcity, which is also the case for Bitcoin, makes holding even a single Bitcoin Cash very attractive.
The current Bitcoin Cash price is in the 200-300 USD range. Looking at the previous bull market in 2017, Bitcoin Cash has seen multiple days where the price increase in one single day was more than 200 USD. On December 20th 2017 there was even a price increase of more than 900 USD.
Insured by the excellent fundamentals and with the potential of tenfolding your initial investment in only a few good days, investing today a part of your portfolio in bitcoin cash seems like a no-brainer to me.
I bought some Bitcoincash, I earned some on a free faucet. You have an idea how to earn more?