Bitcoin Cash is the only cryptocurrency in the Crypto world that has generated the most controversy since its development. You can understand from the fact that its market value surpassed $7 billion within only one day after its entrance to the market. After Bitcoin and Ethereum, this incredible feat put it in third spot. The hype was so strong that some specialists even believed that the firstborn would be replaced by Bitcoin Cash. You can use read.cash, lazyfox.io, and memo.cash for that reason if this information has ignited your interest in Bitcoin Cash and made you wonder where you can get hold of your fair share of Bitcoin Cash.
Is it possible to invest in Bitcoin Cash?
You may, of course.
Should you invest in Bitcoin Cash?
It's a very interesting question now. Frankly speaking, it is difficult to provide advice on investments in Bitcoin Cash. There are just too many volatile variables that impact Bitcoin Cash's market positioning. Although Bitcoin Cash is volatile, developers are very positive about its potential results. Bitcoin Cash is the most common Bitcoin fork at the moment and is embraced by some of the big fish in the crypto business field. Now here is the answer to the question you asked later. If you believe there is a future for Bitcoin Cash, feel free to buy. But if you assume that Bitcoin Cash has no future, there are other cryptocurrencies to invest in.
Future
In several aspects, bitcoin cash is perceived to be the successor of Bitcoin. This is the reason why in just a single day it surpassed the $7B cap. Bitcoin Cash has several teams of developers who check the efficiency of the network. As they were successful in upgrading Bitcoin to Bitcoin Cash, you can expect great things from the currency team. The essence of Bitcoin Cash is close to that of Bitcoin and runs on the same network that is decentralized. Developers have also increased the block capability to 32MB since the fork in 2017. Today, the Bitcoin Cash Blockchain network is used by several ventures. We can clearly see that Bitcoin Cash's future is brighter than ever with a strong development team, laid out ground plan work, and a compelling vision.
Things to consider
Bitcoin Cash has lower transfer fees (around $0.20 per transaction), so you'll save more money than using BTC by making transactions in BCH. A BTC transaction will cost about $1 USD per transaction, although it has gone up to about $25 per transaction before!
BCH has more frequent transfer times. So, the 10 minutes it takes to validate a Bitcoin transaction do not have to wait!
More transactions per second can be done by BCH. This ensures that BCH can be used at the same time by more individuals than they can for BTC.
No. The Bitcoin Cash transaction fees are much lower (around $0.001).
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If the fees were $0.20 no one would tip $0.01 on read.cash (look around at how many people tip so little).