Is Bitcoin Cash a Good Investment?

In this section, I'm going to share a few things that might help you make your own Bitcoin Cash price prediction. The following are some of the reasons that could have a positive impact on the future of Bitcoin Cash.

Technology

Bitcoin Cash was built using Bitcoin technology, but with substantial improvements. As previously explained, Bitcoin Cash has higher transaction speeds and lower transaction fees than Bitcoin.

Mining Profitability

For cryptocurrency to flourish, it requires a large network of miners that verify transactions and "make" new coins.

The good news is that BCH mining is currently more profitable than Bitcoin mining. This caused miners to switch to BCH from Bitcoin, thus creating a more solid network for Bitcoin Cash.

Mainstream Adoption

BCH continues to strive to be more acceptable in the world of online payments. It received a big boost recently when BitPay started supporting BCH.

BitPay, a payment service, has only supported Bitcoin since its inception in 2011 but now allows its traders to accept BCH. This has increased the use of Bitcoin Cash.

Infrastructure development

There are several interesting things planned for BCH infrastructure development. Apart from wallet support, the Bitcoin Cash community is also testing a bot to create a Telegram beta tip - Tipmebchbot.

This new bot created by BCH allows Telegram users to tip other users using BCH.

The Bitcoin Cash Fears Split Again

Two years after the infamous Bitcoin Cash (BCH) hard fork in 2018, news of a new hard fork will happen again on November 15, 2020, and it looks like this time, no one seems happy about the possibility of a 'new drama'. '.

The Bitcoin Cash community is at the beginning of a new era, the hard fork may take place on November 15, 2020, dividing the network into two blockchains, although that has become a kind of debate on the development side.

Overcoming a controversial hard fork may be best for BCH but there are two players in this that need to be agreed on. BitcoinABC, which is a "full node implementation of the BCH protocol" and Bitcoin SV, is supported by nChain which is owned by Craig Wright who has a vision to maintain the original Bitcoin vision even though Bitcoin SV will be separated from Bitcoin Cash in November.

For Wright, there is no hard fork as SV is not a separate entity which will increase mining competition to ABC in line with the hash strength guidelines contained in the whitepaper.

However, CoinEx has voiced its fears of controversy by insisting that Bitcoin SV does not have a mechanism to protect assets and forks users that could cause huge losses and advising BCH holders to keep their assets on the exchange.