Bitcoin Cash, is it a good investment ?
8/26/2017
It has been almost a month since Bitcoin has forked and Bitcoin Cash was formed. If you stored your Bitcoin in a wallet with private keys you controlled, you most likely have Bitcoin Cash already. The technology behind Bitcoin Cash is built to be a better Bitcoin, but is it a still a good investment ?
As of right now, the Bitcoin Cash market cap is the 3rd biggest cryptocurrency market cap. Bitcoin Cash is really popular, and it will soon become even more popular. Coinbase will soon support Bitcoin Cash in 2018, only because many users were unhappy about not receiving Bitcoin Cash while their Bitcoins were in Coinbase. The popularity of Bitcoin Cash has made it valuable, just like Bitcoin.
Will Bitcoin Cash become the next Ethereum Classic ? Ethereum has forked as well, with Ethereum Classic in the past. At the time, Ethereum was much cheaper, and Ethereum Classic had a similar price to it. Ethereum Classic was popular at the time as well. Over time, Ethereum Classic lost value and no one really talks about it. Bitcoin Cash might have a similar fate.
Currently, many people have been talking negatively towards Bitcoin Cash, but Bitcoin Cash is more profitable to mine at the moment. In the mean time, Bitcoin Cash is a good short term investment. In the long term, we will have to see.
Article found here : http://investingliketherich.weebly.com/blog/bitcoin-cash-is-it-a-good-investment
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