Making Sense of the Bitcoin Cash Price

The Bitcoin Cash price has been on the minds of nearly every player in the cryptocurrency market. As Bitcoin Cash

 

The Bitcoin Cash price has been on the minds of nearly every player in the cryptocurrency market. As Bitcoin Cash (BCH) attempts to follow its older sibling, Bitcoin (BTC), on a path towards success, many investors are wondering whether this new coin is something real or just puffed-up hype. So what is the true Bitcoin Cash value? In other words, is this steak all sizzle and no substance?

As much as I hate to disappoint all the BCH fanboys out there, I’d say the vast majority of investors are better off staying away from this sryptocurrency, at least for the time being.

To put it bluntly: if someone asked me if they should buy Bitcoin Cash, I would tell them to run—not walk—in the other direction. Why? Because the market right now is simply too volatile.

Bitcoin Cash price over the past week alone has gone from $300.00 to $400.00, back down to $200.00, then up to around $700.00 before falling back to $330.00 or so. Clearly, the BCH value has not been settled. This isn’t a predictable trajectory, nor is it one that can be counted on to even head in a single direction for more than a day.

The BCH price is so wild right now and that’s because no one is viewing it as a buy-and-hold asset at the moment, not to mention that there’s still a tonne of logistical issues still up in the air that could very well affect Bitcoin Cash futures.



Bitcoin Cash price

READ  Dashcoin forecast | analysis DSH/USD September 1, 2017
READ  FIRST OFFICIAL LICENSE FOR A SWISS BITCOIN COMPANY
READ  Blockchain Gaming Startup TriForce Tokens Announces Pre ICO on 14th of October

 

chart (2)

 

For instance, BCH is currently not listed on one of the largest coin exchanges in the world, Coinbase. While the exchange claimed it would allow people to access BCH come 2018, it hasn’t made a decision regarding whether it will allow the new coin to be traded. Coinbase’s reasoning? BCH is too new and unproven to have on its exchange.

That doesn’t mean that Bitcoin Cash futures are all bleak. After all, BTC is notoriously volatile and yet it has now passed the $3,000 threshold and is still climbing.

So if you’re absolutely determined to buy Bitcoin Cash, I believe that waiting for a little bit longer to let the early fervor trading settle before getting involved could be a good idea. Not to mention the possible lawsuits that may arise as owners of BTC who want to access their new BCH coins may levy against Coinbase.

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

Market Quotes by TradingView

Like up on FACEBOOK Bitcoin Cash price


logo

( ethereum logoETH )  (bitcoin logo BTC )  ( ripple logo XRP )  (  litecoin logoLTC )  (DASH LOGO  DASH )  ( NEM LOGO NEM ) ( ethereum-classic LOGO ETC )



Click here for reuse options!
Copyright 2017 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account



Dash_En