|Bitcoin Cash||Bitcoin Cash website|
|Brief||Bitcoin Cash appeared on August 1, 2017 as a result of the separation of the bitcoin network into two chains. Currencies are united by a common history: up to a certain block both chains were identical.|
|Last updated:||Tuesday, November 19, 2019 5:58:07AM UTC|
|Current price, USD:||247.589|
|Current price, BTC:||0.0300391|
|Market capitalization, USD:||4 486 543 801|
|Available supply:||18 120 925 BCH|
|Volume 24 hours, USD:||2 123 422 082|
General BCH facts, technical details and general information about Bitcoin Cash crypto currency
Bitcoin Cash appeared on August 1, 2017 as a result of the separation of the bitcoin network into two chains. Currencies are united by a common history: up to a certain block both chains were identical, but now Bitcoin Cash is a new digital asset. All the owners of bitcoins, who kept them in wallets and exchanges that supported the division, received new coins in the ratio 1: 1. Bitcoin Cash has a larger block size than bitcoin without the SegWit protocol. This allows to conduct more transactions on the network, which, respectively, leads to lower fees for the operation. There was no community consensus about the split and not all crypto exchanges have recognized the "clone" of bitcoin. Some believe that creation of Bitcoin Cash will accelerate the process of scaling technology, while others think that the separation of bitcoins creates unnecessary confusion and damages the reputation of BTC. Which of the bitcoins (BTC or Bitcoin Cash or Bitcoin Gold) is better for investor? There is no answer to that question as each of these cryptocurrencies has its own “for” and “against”. While for many Bitcoin is the biggest brand name, it may still be a good tactics to invest in its forks as a hedge.
We list daily Bitcoin Cash historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 10||282.728||281.629||295.224||5 312 692 981|
|Nov 11||296.613||285.912||296.613||5 202 249 289|
|Nov 12||288.109||286.325||290.898||5 238 065 361|
|Nov 13||287.099||284.402||289.507||5 188 837 230|
|Nov 14||285.952||277.603||285.952||5 069 119 636|
|Nov 15||279.055||264.957||279.055||4 799 737 023|
|Nov 16||265.126||265.126||269.289||4 850 035 601|
|Nov 17||268.033||264.581||273.527||4 866 544 446|
|Nov 18||267.488||248.796||269.484||4 533 590 636|
|Nov 19||252.140||247.589||253.179||4 486 543 801|
|BCH price change 24 hours||-7.22%|
|BCH price change 7 days||-14.3%|
I know that many people are skeptical about Bitcoin Cash, mainly because of its dubious fundamentals, negative return on investment, and the association with the controversial figures of Roger Ver and Craig Wright. The scandal that Wright got himself into with that being the real Satoshi nonsense doesn't work in favor of Bitcoin Cash. However, I also always give credit when it's due. BCH has been doing great over the last few months, surpassing Litecoin in the Top 10 ranks and showing respectable gains. So, it's not hopeless at all.
Most people are skeptical of BCH, but if you look at the charts, BCH has outperformed BTC along with every asset above it on CMC. So far in the last week, BCH has pulled in 10%, whereas BTC has grown 9%. Although these are very close, it shows that BCH is a strong hedge in times of uncertainty and exuberance with BTC. There’s no better time than now to hedge against BTC, and the only option is with BCH.
BCH is the ultimate hedge for BTC. Forget ETH, LTC and XRP as a hedge because BCH has Bitcoin in its name, and that’s all that matters. If you’re ahead of the curve, you’d have already bought as much BCH as you can. BCH always pumps before a BTC pump or pumps after a BTC pump. This is a historical fact, and you can easily view charts to see how accurate this statement is.
BCH is better than BTC. This is the reason why BCH is going to take over BTC in the coming years. It’s obvious, BTC needs the added storage capacity for larger transactions and they aren’t even trying to do it. BCH on the other hand is actively searching and implementing key methods to increase transaction speeds, which is basically the whole point of crypto in the first place. BCH is also implementing privacy into their platform, so they’re even moving into a new nice market. Get ready to watch BCH pull what it did in 2017, a rapid 5x from here.
Everyone's a genius in hindsight, and the BCH pump really showed this fact. Jumping into BCH after its masive plummet should have been the first move all of us made. Instead, most of us watched from the sidelines and BCH nearly 2x'd of the last two days. It's always happened the same way, and its that BCH ALWAYS pumps after BTC makes a move. Historically, BCH either follows BTC or goes counter to it. Sometimes when BTC dumps, BCH pumps. This is an excellent hedge to always be a part of, and BCH being #4 on CMC is another huge reason to always be in on this coin. There's no excuses after what just happened.
We publish the most accurate Bitcoin Cash Forecasts and News including crypto industry experts' opinion on a daily basis
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