Bitcoin Cash (BCH) might have a better growth outlook than other cryptocurrencies. Here are the reasons why I will be giving it a spot in my crypto portfolio.
Unlike Bitcoin (BTC), BCH has received nothing but praise from all the crypto experts in the world. Unlike Bitcoin (BTC), BCH hasn't lost any of its value while creating such a huge sum of wealth. Compared to Bitcoin (BTC), BCH has more security, more room for growth, and much cheaper mining hardware.
What is BCH? Bitcoin Cash has improved massively since Bitcoin was first invented. Bitcoin Core is not always the best option for individuals and businesses. Most of the challenges Bitcoin faces today come from one person being able to get away with massive blunders to push their project forward. One of the central problems of the Bitcoin currency in its core system is
How does Bitcoin Cash differ from other cryptos?
There are multiple different kinds of coins. Bitcoin has become increasingly popular due to its distribution, quick and relatively easy payments, and better management of the blockchain and users' private keys. Bitcoin Cash (BCH) is all of those things, but it also offers far faster transaction times and transaction fees. Bitcoin Cash is also a lot more friendly to the normal person, and this is due to its method of distribution.
Cash is essentially in a limited supply, and each person gets a set amount of it through a government-issuing policy. As long as a government has paper money, there's going to be a currency as a reference to money in your system. As we move into a cashless society, Bitcoin Cash allows a currency to be focused on the usage of it as a currency.
Will Bitcoin Cash ever become the coin of the world?
With its quick rise from about $360 USD on the day it was launched to a market cap of over $9 billion USD, Bitcoin Cash has more than lived up to its promise of keeping cryptocurrency sane while establishing bitcoin as a truly open, frictionless, a user-friendly monetary system.
With bitcoin trading at around $4,000 USD after crossing $7,000 in mid-January 2018, the Bitcoin Cash market has fluctuated greatly. But Bitcoin Cash has continued to grow and become an increasingly popular option for both traders and investors.
And with the price of Bitcoin Cash now at around $600 USD, cryptocurrency investors are continuing to show that they have more than just one choice to make.
I use bch because of low transaction fees