Alright. I know, this is a clickbait title. And probably I shouldn’t have, but here it is, I already published it, and for the rest of this article I will have to explain my reasoning.
I won’t be able to declare with certainty that Bitcoin Cash will reach $5,000 especially in just such a small time frame, but I want to focus on a few facts that explain why I and many more investors of Bitcoin Cash, expect the price of BCH to reach to all-time high prices before this year ends.
These predictions are more than often invalidated, so I will not advise investing too much, but I’m always advocating in favor of Bitcoin Cash and explain why I consider it as undervalued and suppressed below its fair market value.
The cryptocurrency market is about dreams and, more than often, these dreams come true. Early investors are now millionaires and some even reached billionaire status. Grabbing opportunities by the balls is how we seize success.
Look, if you had, one shot, or one opportunity
To seize everything you ever wanted - one moment
Would you capture it? Or just let it slip?
-Eminem "Lose Yourself" Intro
An Extreme Prediction?
Source: Reddit
Certainly, BCH at $5,000 is probably just my expectations, but also something we all in the Bitcoin Cash community expect/hope will happen.
The price of Bitcoin Cash today is about $650.
To reach $5,000, BCH will require a 7,692% rise. Can it make it?
Bitcoin Cash can perform as many other coins did that didn’t even have a working network.
We watch how fast Cardano is exploding in value. It already overcame Tether in market cap and is now seated at the 3rd place in cryptocurrency indexes.
And Cardano has offered nothing yet but promises. Nobody is using Cardano since it is not ready yet, however, investors are pouring money into this asset for what it will become if it reaches the state of a “ready product”.
The total market cap of Cardano today is $68 billion.
State-Of-The-Art Blockchain
Meanwhile, the market cap of Bitcoin Cash is just $12 billion.
And Bitcoin Cash has a state-of-the-art blockchain network, performing incredibly with virtually zero fees and zero transaction latency. Developments with side-chains (SmartBCH) are bringing DeFi and Dapps into the Bitcoin Cash ecosystem and there are hundreds of initiatives around the world that promote Bitcoin Cash as an alternative to the failing fiat experiment.
Compared to Ethereum and BTC, Bitcoin Cash is outperforming them in every network feature. Compared to the current state of Cardano, there is not even a discussion.
Bitcoin Cash has network adoption unlike any other cryptocurrency ever enjoyed with hundred of thousands of new users added in yearly terms. And there is also an enormous difference between BTC, ETH, and BCH.
Growth of user-base
The blockchain fees of BCH allow the retention of the user base. Developers on the Bitcoin Cash blockchain know fees will never be an issue, and their websites will not suddenly lose all the traffic. This was always an issue with every website that tried to use BTC or ETH as a payment option. Every Ethereum game, Dapp, gambling app, or website that was using ETH has to suffer when the network is used by more than it can handle.
BTC and ETH are not scaling, but Bitcoin Cash is the solution. If I was a developer and wanted to add a payment method, why would I ever use Ethereum or BTC?
Do you know how many amazing ideas had to shut down operations because of ETH fees? They moved into BSC, but this is not where they will stay either. BSC will not grow further than what it has today. BSC is just Tron 2.0. It is not the future of blockchains.
Would Noise.Cash or Read.Cash have succeeded if they were running on Ethereum? It would have been a massive failure. See how Publish0x had to deal with fees and why Read.Cash is in a better strategic position today.
When you have a top blockchain working perfectly and performing better than anything else, then I think that the title becomes valid.
When this network is experiencing a surge in new users and converts them into fans, then this is another validation that Bitcoin Cash at the current price is extremely cheap and a rare opportunity. Price may go lower during dips, but what I am observing is a very long accumulation zone when below $1000. These dynamics are usually pushing cryptocurrency prices into exponential increase under the right market conditions.
Final Notes
Now... too many writers, YouTubers, etc., will claim that their content does not contain investment advice, while the entire structure of the content pushes their audience into investing decisions.
To be 100% fair, this is what this post is about. I am trying to push more people into buying Bitcoin Cash. I will not lie or even tell you that this is not investing advice. Most of us are trying to talk about Bitcoin Cash and its merits. We are in crypto for the money, but we have also selected the one that works better than the rest.
The entire article over here is 100% FINANCIAL ADVICE. It is not a short-term advice, because we may not achieve $5000 by December, but in a longer time frame buying BCH at $600 is something that will not cause a loss, unless you sell at a loss.
I explain that since other cryptocurrencies exploded into new all-time highs, then Bitcoin Cash should certainly be the next one to do so.
Even in the case the entire market enters a two-year long bear market, BCH will still be a top priority and a great opportunity for every investor. If it goes down more, it is still going to come back and reach at least $600 again. Waiting for price to reach $300 again could be proven a mistake though, since the market could kick off with a new bullish wave any moment.
This is what exactly we do with our analysis and our content. We research, predict, and explain our expectations. Traders read the charts and try to explain what they see. As I left trading for better fundamentals, I invest. And when I invest, I also expect someone that has more and better info to ADVISE me.
So, consider this article to be FINANCIAL ADVICE. However, I am not the one controlling your funds. This will be your hand doing so.
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Notes:
I was considering a $5,000 price to be attainable for Bitcoin Cash inside 2021. The May correction was an overreaction by traders and it was also the reason I explain in my articles that BTC damages the whole market.
I was reminded of this target of $5,000 for BCH today after watching a Youtube video by Vlad Ivanov. A good trader that I follow on Twitter and Youtube and recommend subscribing.
Images:
Lead Image From: Pexels, by Web Donut
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Great article I suscribe