The Problem With the Cryptocurrency Behind read.cash

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Written by
2 years ago
Topics: Cryptocurrency

We all know about the people who bought a crypto when it was worth absolutely nothing, and then made millions when it went up. Why is Bitcoin a better investment than Bitcoin Cash? Why is Bitcoin Cash always going down when Bitcoin has lots of ups and downs? These are all questions that we will attempt to clear up.

Infinite Money

Sounds great, doesn’t it? Well if we make more money, the value of that money goes down. That’s inflation 101. But what if there is so much inflation happening that investors can lose their money in mere seconds? Well, that’s what happened with Bitcoin Cash.

As you can see, Bitcoin Cash may have had some peaks along the way, but overall, it is worth only 3.75 % of what is was worth when it got it’s start.

Why are Some Cryptocurrencies Better Investments than Others?

Bitcoin Cash has no limit on how many coins can be mined. Other cryptocurrencies have this problem too. Monero is an amazing idea for a cryptocurrency. I would invest in it, if it wasn’t for the fact that its value will go down. With regular Bitcoin, there can only be 21 million Bitcoins mined before no more Bitcoins can be brought into circulation. This ensures that it will always be worth something. Lots of people made so much money off of Bitcoin. The system behind it ensures that it will always have value.

Will Bitcoin Go Up in Value Rapidly?

My prediction is yes. When no new coins are being brought into circulation, the price will go up. Also, I think that right now is a great time to buy Bitcoin because of its low price. The system behind Bitcoin is AMAZING, and people are always going to profit off of it.

Converting Other Cryptocurrencies to Bitcoin

Many people have just a few bucks in a cryptocurrency. But lots of crypto swapping sites have unreasonable high minimums. I have had this problem too, and I think that the best crypto swapping site is called ChangeNOW. The minimums are VERY low, and you can swap with just a few bucks.

If you found this useful, please leave a tip below (or a like at the very least)

-Oli2

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Avatar for oli2
Written by
2 years ago
Topics: Cryptocurrency

Comments

I thought the only main difference between BTC and BCH is the block size. And that BCH and BTC have the same supply amount.

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2 years ago

Oof your right

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2 years ago