Why I'm investing on BCH and why you should

I’m not going to into details about how bitocin cash is developed, its history, etc.

I’m just going to tell you why I’m investing on Bitcoin Cash and why you should.

The fundamentals of a true sound money

Faster processing rate

The first reason to own Bitcoin Cash instead of Bitcoin is, of course, the hard fork that resulted in the coin's development.

Although no one has yet solved the scalability problem, Bitcoin Cash has a much-improved mining and verification algorithm that allows it to process a lot more transactions in a shorter amount of time.

This puts it in the lead of Bitcoin forks, making it one of the most desirable tokens in the event that Bitcoin or one of its associated coins achieves widespread acceptance.

Secure

Bitcoin Cash is commonly regarded as having the same level of security as its parent blockchain. Given that Bitcoin (and, by extension, Bitcoin Cash) has never been hacked in the ten years since its launch, it has a perfect security ranking.

One thing to keep in mind is that, while Bitcoin Cash has never been compromised, some members of the community are worried about its security.

This concern stems from its primary benefit over Bitcoin: block size.

Because of Bitcoin's smaller block size, transactions must be authenticated in smaller chunks, making illegitimate transactions more difficult to transfer- thanks to the consensus mechanism.

If a takeover of a network of nodes succeeds, the hackers will have leverage over even more transactions, raising the inherent risk.

Still, because neither the BTC nor the BCH blockchains have been compromised, they are both equally secure in operation.

The concerns stem from the community's ongoing debate about speed vs. security, in which slower systems are considered more stable, but at the expense of speed and processing power.

Low fees

Transaction fees are one of the most frequently cited explanations given by critics as to why cryptocurrencies are unviable.

Fees differ depending on how congested the network is at the moment.

Transaction fees for some cryptocurrencies, such as Bitcoin, have been recorded to be many dollars – and in certain instances, estimates in the thousands of dollars per transaction have been stated in some publications.

Needless to say, such high fees are exceedingly rare, and while not impossible under Bitcoin's protocol, they have only occurred a few times in the cryptocurrency's history.

However, while fees can be an issue for Bitcoin, they are not for Bitcoin Cash. Its architecture, which allows for more transactions to be completed at once, makes transactions not only quicker, but also less expensive.

When you combine this with BCH's lower valuation relative to BTC, you get a Bitcoin fork with an average transaction cost of less than a cent.

It's hard to find something to worry about, because it's significantly less than what a bank might charge.

Reliable

When compared to the original Bitcoin blockchain, the improvements made to Bitcoin Cash made the newer cryptocurrency more secure.

Shorter transaction times, lower transaction costs, and less unpredictable rates all add up to a cryptocurrency that can be used for daily transactions without the need to search the currency's and transactions' current going prices.

Bitcoin Cash's spotless security record is another aspect that adds to its trustworthiness.

Despite the fact that all blockchains have constant uptime, some have been hacked or brought down by distributed attacks on occasion.

BCH, on the other hand, has never been down in its entire history.

It all comes down to this in the end. Is it a smart idea to invest in Bitcoin Cash?

The solution is more complicated than it seems, and whether or not you should invest in it depends on your objectives.

Bitcoin Cash isn't going to make you a millionaire overnight, and it's not going to make you a millionaire in the long run.

For starters, if you choose to buy and keep, you would almost certainly be better off than if you put your money in a savings account or even government bonds in terms of returns.

The risk you take with BCH is lower than with BTC because it is a more secure cryptocurrency, but the projected returns are also lower.

What Bitcoin Cash can do for you is give you a steadily increasing value that will, in the long term, amount to a decent earning on your investment.