Today I want to write an article about why I prefer to invest in Bitcoin Cash over Bitcoin, and this may surprise some people. A lot of people may not even know what bitcoin cash is but in my opinion I really think that Bitcoin Cash is the real bitcoin.
They actually come from the same system but bitcoin cash has done a much better job sticking to the actual white paper. A white paper is a business plan and kind of law for cryptocurrency. Bitcoin cash has stayed more true to that and has built better fundamentals for future real success and intrinsic value.
So the biggest problem I find with Bitcoin is that it's really just riding on brand value.It's actually a horrible payment system and that's because it only uses a one megabyte block size. So at times you can have bitcoin core take 10-20 minutes to complete a transaction and cost you over $50. You'll never buy a cup of coffee like that. It'll never be used as electronic cash in that way. So what Bitcoin cash do they raise the block size to 8 megabytes allowing people to transact money very fast and essentially for free anywhere in the world and censoship resistance in a decentralized way which the mission behind cryptocurrency. To create value you need real adoption and this is what a lot of bitcoin becomes so successful in the first place is that it was getting realadoption and it has been doing a very poor job making itself useful in the economy. Instead of just riding on it's brand value and calling itself a digital goa. I think over time this will change, I think people will want something useful and that is getting more adoption and creating more demand and will have greater upside potential and price, which brings me to my next point.
Bitcoin Cash is very depressed in price. Bitcoin cash trading for around five hundred dollars the time is recording, when its previous high is three thousand dollars during the last bull market. We've already seen Bitcoin take off to over fourty thousand dollars, and this normal behaviour in the cryptocurrency market. You have the major coin. Bitcoin rise first creating all types of euphoria and then you have this big bitcoin holders diversify into other coins, so from an investment standpoint right now there's a lot more upside in bitcoin cash.
What I also like about Bitcoin Cash is, it has cheaper transfer fees (around $0.20 per transaction) so making transaction in BCH will save you more money than using BTC . Bitcoin Cash can handle more transaction per second. This means that more people can use Bitcoin Cash at the same time than they can with Bitcoin.
And this is the reason why I prefer investing in Bitcoin Cash over Bitcoin.
Bitcoin Cash is the new Bitcoin.