Keep Believing in bitcoin cash

Some people are now wondering what is happening with the price of BCH. Isn't it too much of a sudden crash to around 420$?

Let's look at the possible reasons why some would think that BCH is down and out forever.

• The cost of mining Bch was never sustainable. You see, it was never profitable for any miner to mine BCH before the fork and after getting off to a great start at the beginning, everything began to go downhill. Miners were already making losses from the get-go. That explains why all the big boys wanted their share from Bitcoin, but they also knew they had to get into BCH too and they did.

• There are so many different tokens and assets on the so called "Bitcoin blockchain" that have not been dumped yet, so all the sellers will dump them as soon as prices start rising again.

Recently, Bitcoin Cash [BCH] has been on a steady decline after reaching its peak at around $577, in less than 24 hours. BCH is currently trading at $420 and is expected to drop further by the end of this week. The coin might have to drop below the value of $400 by the end of Wednesday, which could be due to a range of reasons such as panic in the market and regulators looking into the matter.

Bitcoin cash, which is one of the most popular cryptocurrencies in America, has seen many fluctuations in its price recently. At the beginning of this year it was valued at $1000 and increased to $1500 around may this year and since then it has been fluctuating.

Bitcoin cash is one of the most popular cryptocurrencies in the world. The digital asset has been growing consistently for the past few months. From $1,000 in December last year to more than $1,700 in June this year, the crypto currency has been doing tremendously well. However, in recent months, there have been some questions about how it would fare and whether or not it would continue to grow at this pace.

What I should do at this point?

There are a lot of reasons why BCH going down. Exchanges start trading with BCH, it became more popular and more exchanges want to start trading with it to get more profit. Miners may also dump their coins because of the transaction fees. From the point of view of investors Bitcoin Cash is not as profitable as Bitcoin and they don't have any interest in it at the moment, that could be the reason too.

Bitcoin cash can be profitable for investors even if the price is not high, because BCH is less expensive, transactions are fast and fees are low. So, the moment has come when no one is interested in BCH and everyone is waiting for the pump of Bitcoin.

The price of Bitcoin Cash has been tumbling downwards since it reached a record high at the beginning of August, and now it's the turn of the other smaller players to see if they can cash in on what is left of the cryptocurrency craze.

In the past week alone, the market has seen a further $47.5 billion wiped off its total value as investors flogging their investments look for prices to recover. Since Bitcoin's high point, it has fallen by a mammoth $135 billion from its market capitalization of $277 billion on August 15 to today's figure of $142 billion.

One thing which has been assisting the price drops is that most exchanges have refused to support Bitcoin Cash, and this prevents investors from getting out of their positions, leading to more selling pressure.

The situation is not helped by the fact that the earlier price rise was principally driven by those who wanted to get in on Bitcoin Cash for free when it forked away from the main chain in August.

Bitcoin cash or also known as BCH is a decentralized currency that is mined and created without any control from any authority just like its mother coin, bitcoin. The currency was created to solve the problems that were faced by bitcoin and to remove those issues. The coin had a series of forks which is the reason for the name. Before it can be used for any transaction one must have a wallet with bitcoins in it.