Buying Bitcoin Cash is an investment that comes with significant risk. While BCHUSD trading experienced immense highs, it is also fallen to devastating lows. Here is how to buy Bitcoin Cash.
What is Bitcoin Cash?
In November 2018, the Bitcoin Cash was subject to a second fork and it was split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). The name, Bitcoin Cash is used because it uses the original Bitcoin Cash client.
But you might be wondering what’s the difference between Bitcoin and Bitcoin Cash? The main differentiation is philosophical. We need to go back to the root of Bitcoin, to explain the need for Bitcoin Cash.
When Satoshi Nakamoto first described Bitcoin in his whitepaper, it was illustrated as a peer-to-peer cryptocurrency that could be used for daily transactions. But, as Bitcoin gained popularity and its price surged, it became an investment vehicle rather than a currency. Because it couldn't handle increasing numbers of transactions, its blockchain faced scaling issues. Transaction fees and confirmation times on the bitcoin blockchain increased dramatically. This was due to Bitcoin's 1MB block limit. Because blocks couldn't handle an increase in transaction size, transactions were queued up and waiting for confirmation.
Bitcoin Cash proposes to fix the problem by increasing the block size to between 8 and 32 megabytes, which would allow for more transactions per block. At the time Bitcoin Cash was introduced, there were between 1,000 and 1,500 transactions per block. In September 2018, the Bitcoin Cash network was tested and the number of transactions on its blockchain jumped to 25,000 per block.
While there are differences in block size and ideology, there are many similarities between Bitcoin Cash and Bitcoin Cash. Both blockchains use the Proof-of-Work (PoW) consensus mechanism and use the services of Bitmain, which is the largest cryptocurrency miner in the world. Both supplies are limited to 21 million.
However, Bitcoin Cash can be confusing for new investors, due to its similar name to Bitcoin and most people may not know the difference between Bitcoin and Bitcoin Cash.
BCH is also cheaper than Bitcoin. This may make it less attractive for miners. The asset doesn't have nearly as many trading pairs as Bitcoin, which can be found on all crypto exchanges. Bitcoin Cash (BCH) is meant to replace cash, and it’s used more for that purpose.
As crypto exchanges have become more accessible and the BCHUSD price has risen, more people have begun to invest in cryptocurrency. Bitcoin Cash trading is allowing a great transfer of wealth and even new investors can hope to profit from its fast growth and earn higher returns than they would on the stock market.
With so much attention from the media and financial traders, new cryptocurrency investors are always looking for advantageous ways (platforms) to buy Bitcoin Cash (BCH) online. Luckily, there are numerous services and guides on how to buy Bitcoin Cash to help you get started in the cryptocurrency market.
Where to Buy Bitcoin Cash (BCH coin)
There are two ways cryptocurrency investors can choose when searching how to buy Bitcoin Cash (BCH) online:
- Cryptocurrency exchange
- Online Brokers
Crypto exchanges might be a good option for holding your funds, especially if you plan to withdraw them to a private wallet.
Online brokers are another great option where to buy Bitcoin Cash (BCH), which is increasing in popularity lately due to ease of trading, fast transaction, and greater control over the digital assets in your portfolio.
When you use a broker platform, you gain access to a BCHrehensive feature set that will assist you in more precisely calculating your strategies and risks. As a result, you will be able to add more indicators to the chart and use the built-in technical analysis tools. However, unlike an exchange, the broker platform will not provide you with the same large offer of cryptos to trade.
Additionally, global brokers like CAPEX also provide a few options to indirectly invest in Bitcoin Cash and other cryptocurrencies: cryptocurrency Exchange-Traded-Funds (ETFs) and BCHanies connected to cryptocurrencies (crypto stocks).
Buying Bitcoin Cash (BCH) over an exchange
If you want to participate in a crypto project development and own the digital asset, you can buy Bitcoin Cash (BCH) online through a cryptocurrency exchange, such as Binance, Kraken, Bittrex, or Coinbase, and store it in a digital wallet.
Having an account on a cryptocurrency exchange allows you to send and receive Bitcoin Cash (BCH). Transferring Bitcoin Cash is like the way traditional bank transfers work, except for the bank account address, which is replaced with a Bitcoin Cash address. Because digital currency is transmitted directly between individuals without needing third-party entities, such as banks, transaction fees are cheaper than those charged by traditional institutions.
If you want to hold your crypto for a longer time, it is advised to transfer them from the crypto exchange to a secure cryptocurrency wallet. Wallets are much safer, and each private crypto wallet has a private key. It is critical to keep your private key safe because you won't be able to access your crypto without it, and if it's easily available, your funds could be stolen.
Buying Bitcoin Cash (BCH) through an exchange is for those who want to use it for day trading or purchasing crypto to transfer to a wallet. When you’re buying Bitcoin Cash (BCH) through a cryptocurrency exchange, you own the digital asset, and you can transfer it to a crypto wallet or do whatever you wish with it. If the price of Bitcoin Cash rises, then the value of your portfolio goes up as well. But if the price of Bitcoin Cash (BCH) falls, then the value of your portfolio falls, while the amount of Bitcoin Cash (BCH) remains the same.
Here are the main drawbacks when buying Bitcoin Cash (BCH) through a cryptocurrency exchange:
- Cryptocurrency exchanges may not be regulated in your country and offer little to no protection for investors.
- The matching engines and servers on Bitcoin Cash (BCH) exchanges are often unreliable, leading to the inability to access your account and control your funds.
- Cryptocurrency exchanges have many restrictions and limitations for their services, including transaction fees, withdrawal fees, and imposing minimum amounts for funding and withdrawing funds.
The good news is that investors can limit the risks presented by the crypto exchange by trading Bitcoin Cash (BCH) with contracts for difference (CFDs). Bitcoin Cash (BCH) CFDs allow you to speculate on the price of the cryptocurrency without having to own the digital asset.
Read on if you want to learn to trade Bitcoin Cash with capex.com in the most convenient way.
Buying Bitcoin Cash (BCH) with an Online Broker
Trading Bitcoin Cash (BCH) with an online broker like CAPEX means that instead of owning Bitcoin Cash outright, you’ll be speculating on its price with CFDs.
The main difference between buying Bitcoin Cash (BCH) from an exchange and buying Bitcoin Cash (BCH) from an online broker is that you don’t own Bitcoin Cash (BCH) when you use a broker. Owning crypto requires investors to have a crypto wallet, either within the exchange or a private wallet. But when you purchase Bitcoin Cash (BCH) CFDs using an online broker, the CFDs are stored in your account and are far more liquid, which makes trading CFDs more popular. Unlike cryptocurrency exchanges, online CFDs brokers are regulated by financial authorities.
The Alternative Way to Invest in Bitcoin Cash (BCH)
Trading CFDs is a process of buying or selling CFDs and can generate a profit if the value of the asset moves in the direction of the investor’s prediction, or a loss if the market goes against him.
You can buy Bitcoin Cash CFDs (go long) if you believe the value of the digital asset will increase.
At the same time, you can “go short” if you believe that the price of the underlying asset, in this case, Bitcoin Cash (BCH), will decrease, by selling CFDs.
Trading CFDs provides leverage, and you can open your position by depositing only a margin.
For example, if a trader wants to buy 10 Bitcoin Cash CFD at $500 would only require $2,500 of trading capital.
It’s important to remember that leverage can increase both your profits and your losses, and they will be based on the full exposure of the trade, not just the margin requirement needed to open it. Potential losses, as well as profits, could exceed your margin.
Concisely, if you choose to trade crypto CFDs, you can profit from the difference between the buying and the selling position.
With CAPEX, you can trade CFDs on futures or spot prices. Trading CFDs on futures gives you exposure to the futures market, but without requiring you to take on any obligations or worry about any of the other nuances that are associated with futures trading.
Buy Bitcoin Cash BCH CFDs - Go Long
Instead of taking ownership of Bitcoin Cash, you can place a ‘long position’ translates to buying Bitcoin Cash CFDs. Your position, or Bitcoin Cash CFDs, will increase in value according to the increase in the price of the digital asset Bitcoin Cash’s price increases. If the price of Bitcoin Cash falls, then your position will lose value and can lead to loss.
Let’s assume that Bitcoin Cash is trading at a sell/buy price of 520.00/525.00 USD. You want to buy 20 CFD (units) because you think the price of Bitcoin Cash will go up. Bitcoin Cash has a 1:2 leverage or a margin rate of 50%, which means that you must deposit only 50% of the position’s value as position margin.
In this example, your CFD position margin will be $5,250 (50% x (20 units x $525 buy price)). Losses greater than the margin can occur if the price of Bitcoin Cash moves against your position.
Outcome A: a profitable trade
If your prediction was correct, and the price of Bitcoin Cash surges over the next hours or days, then you have made a profitable trade. If the sell/buy price is 595.00/597.00 USD when you decide to close your position by selling at 204.00 (the new sell price), then your profit will be $1,400.
The price has moved $70 (595 - 525) in your favor. Multiply this by the size of your position (20 units) to calculate your gross profit which is $1,400.
If the position was closed during the day, there will not be any swap charges and the net profit is $1,400.
If the position was closed after a few days, there will be swap charges according to the overnight rollover specification, in this case, -0.0563%.
Let us assume the position was closed the next day, the overnight swap calculation formula will be:
- Overnight swap = 20 (units) x $550 (price at rollover) x 0.0563% x 1 (days) = $6.2
Therefore, your total profit on Bitcoin Cash CFD is your gross profit plus the rollover cost.
- $1,400 - $6.2 = $1.393.8 net profit
Outcome B: a losing trade
If your prediction for the price of Bitcoin Cash was wrong, the Bitcoin Cash CFD trade will result in a loss. Let’s assume that the price of Bitcoin Cash drops over the next hour to a sell/buy price of $495/500. Because you want to limit the loss in the eventuality that the price continues to drop, you can sell at $37.30 (the new sell price) to close the position.
The price has moved $30 (525-495) against you. Multiply this by the size of your position (20 units) to calculate your loss, which is $600.
Sell Bitcoin Cash BCH CFDs - Go Short
In this CFD example, Bitcoin Cash is trading at a sell/buy price of 520.00/525.00 USD. Assume you want to sell 50 CFDs (units) because you think the price will go down. Bitcoin Cash has a 1:2 leverage or a margin rate of 50%, which means that you only must deposit 50% of the position’s value as position margin.
In this example, your CFD position margin will be $5,200 (50% x (20 units x 520.00 sell price)). Remember that if the price moves against you, it is possible to lose more than your initial position margin of $5,200.
Outcome A: a profitable trade
Your prediction was correct, and the price falls over the next 2 days to a sell/buy price of 415.00/420.00 USD. You decide to close your trade by buying back at $420.00 (the new buy price).
The price has moved $100 (520.00-420.00) in your favor. Multiply this by the size of your position (20 units) to calculate your profit, which is $2,000 gross.
Let us assume the position was closed after 2 days, the overnight swap calculation formula will be:
- Overnight swap = 20 (units) x 470.00 (average price at rollover) x 0.0118% x 2 (days) = $2.2
Therefore, your total profit on Bitcoin Cash CFD is your gross profit plus the rollover cost.
- $2,000 + $2.2 = €2,002.2 net profit
Outcome B: a losing trade
Unfortunately, your prediction was wrong, and the price of Bitcoin Cash BCH rises over the next hour to a sell/buy price of $545.00/550.00. You feel the price is likely to continue up, so to limit your potential loss you decide to buy at $550.00 (the new buy price) to close the position.
The price has moved $30 (550.00-520.00) against you. Multiply this by the size of your position (20 units) to calculate your loss, which is $600.
If you are not ready to trade CFDs at spot or futures prices yet, we have also got educational resources like CAPEX Academy with free courses on how to trade. Plus, we offer a demo account – giving you $50,000 in virtual funds to build your confidence in a risk-free environment.
Investing in Bitcoin Cash without actually buying Bitcoin Cash
While buying and day trading cryptocurrency is a major trend right now, it is important to remember that cryptocurrencies are a volatile and risky investment choice. If investing in crypto on an exchange or via a broker does not feel like the right choice for you, here are a few options to indirectly invest in Bitcoin Cash and other cryptocurrencies:
Exchange-Traded Funds - Crypto ETFs
Exchange-traded funds (ETFs) are popular investment tools that allow investors to buy exposure to hundreds of individual investments in bulk. That is why ETFs are a means of diversification for your portfolio and as less risky than investing in individual investments.
A crypto ETF allows investors to trade cryptocurrency on a traditional market and eliminates the need to trade the asset on a crypto exchange. Another advantage of trading crypto ETFs is that investors do not have to worry about the security aspects of trading crypto.
US investors can enter the crypto market by using ProShares Bitcoin Strategy ETF (BITO). The Fund provides capital appreciation through managed exposure to bitcoin futures contracts.
A Bitcoin Cash ETF could come in 2022. The approval of a Bitcoin ETF means a similar offering for Bitcoin Cash is imminent.
>> Learn what is an ETF and how does it work
BCHanies Connected to Bitcoin Cash and Cryptocurrency - Bitcoin Cash Stocks
Another option is to invest in cryptocurrency indirectly by investing and buying shares of BCHanies that offer real-life products and services but still use or own cryptocurrencies as part of their business model (known as Bitcoin Cash stocks). With an all-in-one trading account with CAPEX, you can also trade shares CFD of public BCHanies like:
- Nvidia (NVDA). This technology company builds and sells GPUs, which are the main equipment needed to mine cryptocurrency. Learn how to buy Nvidia shares
- VMWare (VMW). VMware Blockchain is the digital foundation that helps you run business-critical, multi-party applications. Learn how to buy VMWare shares
- Square (SQ). Since October 2020, Square has purchased over $220 million worth of Bitcoin. As of February 2021, this payment services provider stated that 5% of its cash is stored in Bitcoin. Their app, Square Cash, allows clients to buy, sell, and trade crypto. Learn how to buy Square shares
- Coinbase (COIN). Coinbase is a cryptocurrency exchange that allows consumers, financial institutions, and businesses to transact between fiat and cryptocurrencies and securely store and use cryptocurrencies. Learn how to buy Coinbase shares
- Intel (INTC). Intel is actively working with Hyperledger, an open-source blockchain project that aims to advance cross-industry Blockchain technology implementations. Learn how to buy Intel shares
- CME Group (CME). CME is a financial derivatives exchange that offers trades in cryptocurrencies as well. In Q3 2021, the company reported a 14% year-over-year increase in its average daily volume (ADV) at 17.8 million contracts. Learn how to buy CME shares
>> Learn more about stock investing
How to buy Bitcoin Cash (BCH)
Are you wondering how to buy Bitcoin Cash with CFDs? CAPEX offers BCH trading via CFDs on Bitcoin Cash USD spot prices to speculate on the value of BCH against the most popular currency, as well as the brand-new PRO Shares Bitcoin Strategy ETF. Here are the steps:
Step 1: Create an account and deposit funds
When you trade on cryptocurrencies, instead of purchasing Bitcoin Cash and other popular digital currencies, you can be ready to open a position much faster. You do not need a digital wallet or an account with an exchange. In fact, all you need to trade via CFDs is an account with a leveraged trading provider.
With CAPEX, you can open an account in minutes, and there is no obligation to add funds until you want to place a trade.
When you create a trading account with CAPEX, you will be able to:
- ‘Buy’ (go long) or ‘sell’ (go short) Bitcoin Cash and other popular cryptocurrencies to speculate on their price rising or falling
- Take a position on our range of ETFs to get exposure to a basket of shares from an entire country, index, or sector that could be rising or falling in price.
- Trade a host of global indices to go long or short on the performance of an entire economy with a single trade.
- Use QuantX, the smart portfolio builder that helps you cover the popular industries and only invest in the top-performing stocks.
Step 2: Choose your Crypto trading platform
Our trading platforms can provide you with a smarter and faster way to trade Bitcoin Cash CFDs – with personalized alerts, interactive charts, trading signals, and built-in risk management tools. You can trade via the CAPEX trading platform using:
CAPEX Web Trader
Trade on one of the most BCHlete, fully customizable trading platforms on the market.
Available on desktop (Windows, Mac) and mobile (Android, iOS), it provides intuitive, web-based access to a vast range of tradable instruments, charting tools, analytical tools, and many more features.
To view Bitcoin Cash's real-time price and chart on the trading platform can click on the "Search" icon located in the left panel or by clicking on "Cryptocurrency" and then select the instrument, in this case, Bitcoin Cash (BCH).
MetaTrader 5, one of the best crypto trading apps, is providing superior tools for BCHrehensive price analysis, use of algorithmic trading applications (trading robots, Expert Advisor), and copy trading.
MetaTrader 5 is available on both desktop and mobile.
Step 3: Pick up a Bitcoin Cash trading strategy
Learning how to buy Bitcoin Cash is easy but adopting the right Bitcoin Cash trading strategy is essential to time the market.
The main Bitcoin Cash trading strategies are:
Buy and hold, also called position trading, is an investment strategy whereby an investor buys Bitcoin Cash to hold them long term, with the goal of realizing price appreciation, despite volatility.
Traders take a position according to the main trend (months to years). You can “go long” if Bitcoin Cash is in a bullish trend or “go short” if the Bitcoin Cash trend is bearish. If the major trend starts to slow or reverse, you will think about closing your position and opening a new one to match the emerging Bitcoin Cash trend.
All trades are performed during the day. There are no open positions overnight, though no rollover charges. Traders are looking to profit from Bitcoin Cash’s short-term price movements (including scalping), and it can enable them to make the most of daily volatility in bitcoin’s price.
When you hedge Bitcoin Cash, it means that you use CFDs to counteract the Bitcoin Cash price movement you already own. For example, if you owned some Bitcoin Cash but were concerned about a short-term drop in their value, you could open a short position on Bitcoin Cash with CFDs. If the Bitcoin Cash price falls, the gains on your short position would offset some or all the losses on the coins you own.
Following the chart patterns and general trends can give you a hint to where Bitcoin Cash is going.
Step 4: Set your Bitcoin Cash orders
A trade order is an agreement to buy or sell a specific asset like Bitcoin Cash at a specific price or price range.
To buy Bitcoin Cash CFD with CAPEX, click on the "Buy" button and a window is displayed to configure the purchase order. You can choose among Market, Limit, and Stop orders.
Additionally, you can pre-define Stop Loss and Take profit orders, which are crucial risk management tools – that help you minimize the potential loss and maximize the potential gains.
How to buy Bitcoin Cash with Market Orders
The simplest type of trade order is a market order. Market orders are usually placed by traders if they want to be certain trade is executed. A market order is instant. Therefore, it is simply an order placed by a trader to buy or sell Bitcoin Cash immediately at whatever its current price is.
I want to buy 20 Bitcoin Cash (BCH) right now or as quickly as possible.
How to buy Bitcoin Cash with Limit Orders
While a market order is simply an order placed by traders to buy or sell an asset immediately at whatever the current price, a limit order in its most basic sense, is an order to buy or sell an asset at a specific price. Buy limit orders are placed above key support levels with the purpose of limiting price risks anticipating the uptrend will resume after a correction (buy the dip).
The price for BCH/USD is currently at USD 450.00 and you place a buy limit order at USD 400.00, then your order is meant to execute at the price of USD 400.00 as soon as there is a matching sell order at this price or better.
How to buy Bitcoin Cash with Stop Orders
A stop order is an order that becomes a market order only once a specified price is reached. It can be used to enter a new position or to exit an existing one. Limit orders are placed above key resistance levels anticipating a breakout after a consolidation.
The price for BCH/USD is currently at USD 450.00 and you place a buy stop order at USD 500.00, then your order is meant to become market at the price of USD 500.00 as soon as the price is reached.
Step 5: Monitor and close your Bitcoin Cash position
To open a Bitcoin Cash trade, you’d buy if you thought that the price was going to rise or sell if you thought the price was going to fall. Once your trade is open, you’ll need to monitor the market to make sure that it’s moving in the way you anticipated.
The technical indicators available on our trading platform can help you to determine what Bitcoin Cash’s price might do next. Indicators can also help you monitor current market conditions like volatility levels or market sentiment.
CAPEX WebTrader can deliver an in-depth analysis of the charts and offers over 90 indicators (including moving average, MACD, RSI, and Bollinger Bands). The WebTrader platform also supports an interactive trading activity with high-end research tools helping you interpret market data.
Take Profit & Stop Loss
Traders can close a position immediately to take a profit or to cut a loss. You can use market order or set Stop Loss and Take Profit levels when you set the order to buy Bitcoin Cash.
The platform offers the stop-loss option, which lets you clearly state how much you're willing to risk with your trade. Similarly, the take profit is the exact opposite. It tells your broker how much you expect to make as a profit and when you want to close your position.
Any profits you make will be paid directly into your trading account. Losses are deducted from your account balance.
When to buy Bitcoin Cash (BCHUSD)
Investors should be aware of the fundamental and technical analysis when deciding when to buy Bitcoin Cash. The fundamental analysis considers the news and events about the coins, exchanges, and other crypto businesses. The technical analysis uses the price value history to map the evolution of the supply and demand for Bitcoin Cash.
Bitcoin Cash Price Prediction using Fundamentals
When using the fundamental analysis approach, investors should be aware of the government regulation, latest cryptocurrency updates, and technical issues, as well as cryptocurrency exchanges that affect the supply and demand for cryptocurrencies.
For instance, when Bitcoin CME was introduced into the government regulations, and it drove the price of Bitcoin to almost $20,000 in December 2017.
An accurate Bitcoin Cash price forecast using fundamental analysis considers the three main aspects:
- Blockchain metrics (hash rate, active addresses, transactions fees, and values)
- Financial (market capitalization, liquidity, trading volume, circulating supply)
- Project overview (team’s background, whitepaper, BCHetitors, roadmap, tokenomics)
What is the future of Bitcoin Cash?
Over time, Bitcoin Cash has earned trust among enterprise businesses. The protocol's real-world application have covered many major categories that enterprise businesses might be interested in. The Bitcoin Cash blockchain is also rich in skilled developers, which are constantly working on improving the protocol. Bitcoin Cash has started as the promised digital currency and is on track with solving real-world problems such as currency transfers and distributed financing.
Bitcoin Cash (BCH) has partnered with many respected partners to create the community initiative, in addition to the dedicated team of scientists and developers. These projects include Bitcoin Unlimited, Bitprim, Nchain, Bitcrust, ElectrumX, Parity, and Bitcoin XT.
The Bitcoin Cash community also tested Tipmebchbot (a Telegram tipping bot that allows users to tip others using BCH).
In the future, the Bitcoin Cash blockchain is expected to create new hard forks. This could open up many new ways to ensure the development of Bitcoin Cash and get free new coins. Moreover, this would be a huge boost to Bitcoin Cash's price.
Experts and Bitcoin Cash Cash investors worldwide recommend that Bitcoin Cash be used to its full potential. This is mainly because of the expectation of future price increases. Over time, Bitcoin Cash has been gaining steadily and performed consistently.
The Bitcoin Cash protocol has established itself as an efficient network that works well. These features could help Bitcoin Cash gain a higher price. The price could potentially surge significantly if the push for functional crypto continues through 2022.
Because is difficult to analyze the intrinsic value of a cryptocurrency, it is recommended you perform a technical analysis before investing in Bitcoin Cash CFDs. It might offer some insight into the past movements of Bitcoin Cash, helping you predict where it will head in the future.
Bitcoin Cash price prediction using technical analysis
Some believe the high concentration of retail traders makes cryptos truer to traditional chart patterns and indications of oversold, overbought conditions, etc.
Technical analysis techniques can be applied to any market where the price can freely fluctuate, and data is available to see those fluctuations. The CAPEX Web Trader has a full suite of all the best-known technical indicators and chart drawing tools.
Bitcoin Cash Forecast 2022
Given the blueprints it has developed, there are rumors that the BCH will reach $1900 by 2026.
Last year was a major turning point, not only for BCH but also for all currencies, including fiat and cryptocurrencies. The pandemic caused dramatic changes in the world economies. BCH was also affected. In 2020, Bitcoin Cash's price hovered between $300 and $400.
Since then, BCH prices have been trending more towards optimism than pessimism. In 2021, Bitcoin Cash's price oscillated within the trading range 400/450 - 750/800, with one exception, a 4-week spike up during April-May.
There is a short-term sentiment that has been bearish for BCH’s price. The next major support level is around $200, seen as the most bearish 2022 Bitcoin Cash forecast.
The Bitcoin Cash (BCH/USD), forecast by Wallet investor, is bullish. It predicts that the average Bitcoin Cash price will hit $765 before the end of 2022 and it will reach $1934 by the end of 2026.
The BCH price prediction starting DigitalCoin Projects suggests that the average price of BCH will be $615 by 2022. Then, it will continue to rise to an average of $1,533 by 2026.
As of December 2021, Bitcoin Cash trades at around $420, with a current supply of 18,928,256.25 BCH (90%). Market capitalization is a solid $7,968,582,996. Experts predict that the cryptocurrency will make a comeback despite some bumpy moves.
The project is heavily investing in its development, ensuring that BCH will not fade. Bitcoin Cash can leverage Bitcoin's past success and credibility in cryptocurrency, as well as the shared history and similarities between the two currencies.
Bitcoin Cash (BCH), being the offspring of Bitcoin (BTC), is expected to follow the same price movements. BCH will also benefit from an upward trend in Bitcoin prices. However, you should remember that forecasting cryptocurrency prices are more of a gamble than a data-driven prediction, as the market is unpredictable.
Before making any investment decisions, we recommend that you do your own research and take into account the latest market news, technical, fundamental, and expert analysis. Don't invest more than what you can afford.
What Moves Bitcoin Cash Price
The most important aspects that can influence the Bitcoin Cash price are:
- Total supply
- Rules and regulations
The Bitcoin Cash price corresponds to the current supply and demand in the crypto space. Considering Bitcoin Cash has a fixed maximum supply of 21 million BCH, it is a digital asset that will experience scarcity as more investors join the Bitcoin Cash trading market.
An important aspect of what moves the price of Bitcoin Cash is the news.
Major price swings can occur in a matter of minutes because of factors such as regulations, competition, market sentiments, and the emergence of new technologies.
In conclusion, should you Buy Bitcoin Cash or not?
As with any investment, make sure you carefully assess your financial situation before investing in cryptocurrency, Bitcoin Cash, and the stock market. Bitcoin Cash can be extremely volatile—a single tweet can make its price plummet—as cryptocurrencies are still a highly speculative investment. Follow the already famous crypto investment phrase — "invest only what you can afford to lose".
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Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.