Is bitcoin cash a good investment 2021

Let's decipher what Bitcoin Cash is and if it's a good investment. At the time of writing (January 14, ), BTC stood at around $37,
Table of contents

• Predicting the Price of Bitcoin Cash for 2021, 2023, and 2025
• Fundamental analysis
• Bitcoin Cash Price Prediction: Is BCH Heading Towards $1,000?
• Bitcoin Cash Price Prediction For [New Research] |

The change, called a hard fork, took effect on 1 August As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two. Viewing peer to peer transactions as the core value proposition of the network and the factor that should be optimized versus other competing factors like security.

It differs from the other versions in that in enabled the increase of the block size from one MB to eight MB. If bitcoin embarks on another bull run, BCH can hope for one as well.

Bitcoin usually has a cool-off phase after its mega bull runs and that is when the altcoins take over and have a field day with the bulls, often doubling or tripling their price within days. However, situation quickly stabilized and bitcoin as the flagbearer took the crypto market back up.

We are in a major bull run since the summer and, if we are listening to the analytics from social media and journalistic desks, we are far away from its local zenith. Read also: Best Bitcoin Cash Wallets. Top 3 coins for huge ROI in ? Experts believe this will happen again in , the only question is which coin do you bet on? My friend and cryptocurrency expert Dirk is personally betting on 3 under-the-radar cryptocurrencies for huge ROI in Click here to learn what these coins are watch till the end of the presentation.

As long as bitcoin is in the main role and pulling upwards, there is little room for BCH to shine. It will, however, increase its USD denominated value thanks to the overall rise in crypto prices. This means that it is best to keep your funds in bitcoin until it reaches its provisional peak, opening the doors for the altcoins to enter the scene.

Bitcoin Cash will be among the top candidates to record big gains, as the money usually flows from bitcoin profits to bluechip altcoins and big cap coins before trickling down to the less known and smaller projects. Because of natural selection. It is starting to manifest itself in the crypto markets as well.

All coins that were built on hype or were artificially propped up like BCH will fail. The value leak will be slow but steady so you better think twice if you should hold a position in Bitcoin Cash.

Fundamental analysis

The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the cryptocurrency market. Bitcoin Cash still remains far behind Bitcoin not only in proportional terms but also in absolute terms as both miners and consumers have overwhelmingly chosen to remain with Bitcoin.

The data shows that far from filling out or even getting anywhere close to its 8 MB block size, BCH has averaged a block size of merely KB since the August fork.

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Bitcoin, by comparison, has averaged about KB of its 1 MB block capacity over the past month. In other words, BCH is utilizing just about 2. It appears to be a failed experiment now that Lightning Network is maturing. All of this indicates that Bitcoin Cash has low probability of succeeding in its original intention but it not all is doomsday for the project. It can still pivot into being something different than bitcoin, especially as the project leaders show more agility in making changes than the bitcoin core camp.

This proclivity to implementing changes and new features could be an advantage for BCH going forward. Reasons for BCH to go up and rise in price are not to be ignored. Most notable possible success propellers of BCH: cheap and fast transactions and quicker, nimbler improvements implementation. When the Bitcoin network is saturated with an overwhelming flood of transactions, wait times can be longer and transaction fees can cost its users more — Bitcoin Cash instead accommodates users with faster transactions and cheaper fees.

You have to look at the fundamentals to asses future price and decide if the project has bright future.

Small warchest to fund their roadmap, team fatigue or infights or rogue member that could disrupt the development are all possibilities that could lead to BCH failure. However, the biggest threat to BCH is one of their biggest advantages: their attempted use case. Should these two, for any reason whatsoever, decide to direct their wealth and clout into something else, BCH will sink in a Bitconnect-like fashion.

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Bitmain in particular would prefer to see larger blocks that keep the ASIC exploit in order to be more profitable. The preserving of this exploit that the Chinese miners have invested so much money into is a key feature of Bitcoin Cash as it keeps their advantage alive. Probability of this happening is quite high and this makes investing in BCH highly risky undertaking.

Another question pertinent to Bitcoin Cash price prediction is: is the project dead already? The answer is no, or not yet. No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to In another tweet emphasising his belief in this altcoin, he added:.

The challenge for Bitcoin Cash projections currently centres on how BCH has been sliding down the rankings — overtaken by the likes of Polkadot and Cardano. Instead, BCH is designed to allow people to send money around the world inexpensively — an antidote to remittance services that charge sky-high fees, and blockchains such as Ethereum which suffer from congestion that causes transaction costs to surge.

Bitcoin Cash price predictions were given a boost after PayPal announced that it would support this digital asset last year — and in , merchants will be able to accept this crypto asset from millions of shoppers. All of this could enhance adoption, and enable BCH to win round large masses of consumers who have had little experience with crypto to date. Another positive milestone for the Bitcoin Cash price forecast came when the entrepreneur Kim Dotcom, who was behind the controversial website MegaUpload, gave this ringing endorsement to BCH earlier in January:. Dotcom, who now resides in New Zealand, also announced that he is going to be accepting Bitcoin Cash as a payment method at his new business venture.

As long as the price keeps going up, there is going to be a lot of interest. But what happens when people want to start actually using it to pay for things? This came after a group of developers called for a network update that would result in eight per cent of newly mined BCH being set aside. A rival group in the community who referred to themselves as Bitcoin Cash Node opted to remove this line from their source code — creating two versions of the network.

This latter figure would represent a surge of about At present, the Bitcoin Cash price forecast for is looking rather downbeat, the website added. Given how this fintech giant has more than million users, support for BCH is a significant milestone. A common trend during crypto bull runs sees investors treat Bitcoin as a gateway to the industry — acquiring this digital asset first before diversifying their portfolio and snapping up coins with a smaller market cap.

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