Bitcoin Cash :- Should I Invest?

Hello readers, this is my first article on this platform, and as it dictates I must be introducing myself first. I am a final year Comp. Sc. Engg. student, long tern financial analyst, football lover, blockchain enthusiast, computer vision specialist, and one crazy adrenaline junkie.

I have been trying to analyse the crypto market for several months now. People often ask most of crypto enthusiasts with questions like why do you invest your whole savings in crypto, why don't you invest your savings in a stable market. These questions in a general sense are understandable. I can understand where the emotions come from.

See, there is a difference between gambling and an investment. One should understand that. Gambling is somewhere you loose your money depending on your luck. Investment is something where you loose your money depending on your calculations and yes some little LUCK!.

Bitcoin Cash came in at all time high of Bitcoin, and for quite obvious reasons as whenever forking happens the prices of the coin tend to go up. Although, it wasn't the first time they tried, they wanted to introduce Bitcoin Classic and Unlimited. Bitcoin Cash was introduced at a point when Bitcoin was suffering from various issues like transaction fees and time. But the stupid banks, exchanges and funds are forgetting about it.

There's no denying that crypto world is taking a place and marching towards the future but it highly depends on Govt. regulations and sentiments of people. Governments had never really intervened in the crypto market until now, El Salvador, China and Iran have to be given some credits for making the loudest announcement. But, El Salvador isn't the only one who have hopes in this market, all those governments who are staying neutral right now should be considered as allies for now. There's the statement I had read quite a while back that Governments don't really regulate the markets, but the markets regulate themselves and government are just mere observers and information providers.

But crypto market right now can most definitely be considered as a free market. So to the second point, sentiments of people. From 2010 to 2021, at least some people have always been positive about bringing up a digital currency as an asset, some people don't trust the government, some people have lots to hide, some people simply invest cause of FOMO and etc. We can agree that these some people are the reasons why crypto has gone up from 2010-2021. These "some people" are always going to exist no matter what. So, crypto market isn't going anywhere.

Now comes the questions on which coins to invest. Bitcoin & Ethereum are the choice for many. I don't blame them, yes they have high returns, yes they dominate the market in such a way that every time they fall crypto falls. Educating everyone on the crypto industry is going to be tough but till that these two are going to stay on the top w/o a doubt. See, stupid money fuels the market, and when everyone wants to get in the market, most of them look out for high reward, low risk schemes. BCH right now, is something which does have low risk scheme. I can't say about high award cause it's a bit early to judge on that.

But analysing the growth of Bitcoin from the start, I can definitely say that BCH has almost the same graph growth that BTC had when it was out in the market. History does like to repeat itself. People are often predictable due this, people don't change for many reasons. I tend to study these behaviours and come to a conclusion creating my own philosophies, something very weird but I can't help it. As I had said earlier banks are stupid and greedy. They want to get rich and richer, and if we don't capitalise on their stupidity right now, we won't ever get the chance.

Sorry, but I have to end it here, I am a bit too sleepy to continue, but I'll put up a part two very soon. By the time, have a great day folks.