First of all, I am not a professional financial analysis of cryptocurrency or any other financial markets. This article is solely based upon my opinions and independent research. You should always do your own research to find out what is the best investment opportunities for you. Financial education is a wonderful things. Education about crypto markets can help people from making irrational decisions about money. It is always good to research before making investment decisions about cryptocurrency. My understanding of the crypto market has lead me to building a crypto token of my own called A-Coin Token (ACT). That's a story for a later date... Right now I want to talk about Bitcoin Cash and whether it's still on the ground floor as a good investment.
Bitcoin Cash as a ground floor investment is a good option, as it has only hit a recent high of just over seven hundred. Without comparing Bitcoin Cash to other cryptos we can still come to a conclusion the coin has future potential. Like any other cryptocurrency we could happily speculate our favorites up to a Bitcoin value standard. But that is just pie in the sky hopeful thinking, or is it? I'm not saying that Bitcoin Cash couldn't be a Bitcoin like giant, it just has a long ways to go. Yet in 2017 Bitcoin Cash did show some wonderful promise as it hit its high of $4,400 before its steady decline. If Bitcoin Cash was a horse its steady decline over the past few years would mean putting it out to pasture. But Bitcoin Cash isn't a horse so there is always a chance of recovery and even growth.
I'm sure Bitcoin Cash like market fluctuation scares the pants off of some investors. But not me... Market fluctuation is the name of the game, embrace it, love it, speculate it, But Never Fear It! I see Bitcoin Cash coming in to its own, and even flourishing with the rising popularity of digital currency. Toping out at a historic $4,400 was Bitcoin Cash's way of saying to its investors, trust me, I'll Be Back! Now the bottomline is $700 if a far cry from $4,400 to most investors, and I'm sure some people lose everything. But one thing investor's can learn from the Bitcoin Cash market movement, is that timing is everything. There are positive lessons that Bitcoin Cash shows to investors of crypto. The lesson that fluctuations in crypto can make you a boat load of money becomes evident.
Even if Bitcoin Cash is out of the reach of the little guys inventor paying attention to the crypto is wise. Remember in the last article I mentioned that Bitcoin Cash opened at $240 back in 2017. If you bought back then as a larger investor and held you're still looking good. For the smaller investor Bitcoin Cash teaches that no matter where the start, crypto is on the rise. The smaller guys with little money to spare should be looking at new crypto opportunities. You never know where the next Bitcoin Cash, Bitcoin, Ethereum, etc. is going to come from. If a crypto looks good to you as a small investor dig in with some reach and go for it. If deep down in your gut something is telling you to move, make the move, and buy in. You may be looking at a wonderful new financial future if you play your cards right.
Respectfully Yours,
Michaelson Williams, TSX, Editor-n-Chief at MMAP Magazine
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