HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
XM information and reviews
XM
82%

Can Bitcoin Cash outshine Bitcoin? Theories and predictions


Before Bitcoin Cash (BCH) there was Bitcoin (BTC). Although Bitcoin is still considered by many as the top mainstream digital currency in the world, this reputation may be at risk. In the face of challenges like impractical regulations and tech failures, Bitcoin hit an annual low of $3,963 in late 2018. As always, other coins are pushing to become the world’s number one cryptocurrency, and BCH is a leading contender.

Altcoins are becoming more appealing

Cryptocurrencies including Bitcoin, Bitcoin Cash, Altcoin, etc., have received attention from millions of people across the globe thanks to transparency of transactions, protection from double-spending, and peer-to-peer network. That’s why the list of cryptocurrencies is getting longer. The prices of digital coins also skyrocketed and assured favorable conditions for trading.

These days, altcoins like Bitcoin Cash (BCH), Ethereum, Dash and Litecoin are getting more attention from investors. They are plugged as being more convenient for everyday use and smaller transactions. Even though cryptocurrency prices for altcoins have been gaining bearish momentum, Bitcoin Cash and Litecoin spiked by over 20% in April 2019. But how do these altcoins measure up against their big brother Bitcoin?

BCH vs. BTC

Let’s delve a little deeper into the benefits and drawbacks of Bitcoin Cash (BCH) and Bitcoin (BTC). Because BCH is a clone of Bitcoin, they share many similarities. But like all family members, these two also have their differences. One of the most significant differences is the size of the block. BCH has a block size of 8MB, which is eight times larger than BTC’s average block size. This means:

BCH and BTC are based on the same codebase and both successfully tackle the issue of double spending. BCH offers instant transactions, which is exactly what Bitcoin’s mysterious inventor Satoshi Nakamoto described in his whitepaper. Classic bitcoins may take as much as an hour to move from one wallet to the next.

This doesn’t mean Bitcoin is a bad idea

When it comes to digital currencies, individuals and companies need three things:  stability, reliability, and progressive technology. BCH is superior to Bitcoin in these areas in many ways, but Bitcoin still has its merits. As cryptocurrency prices fluctuate and currencies fall in and out of favour, BTC has certainly stood the test of time.

Each day with more and more miners willing to get Bitcoins and buy powerful hardware. Those who are not consider mining as an option to get Bitcoins are willing to buy it, even though it is not affordable for everybody. Traders also found their way for crypto investments and use CFDs on digital currencies to catch financial opportunities this asset offers.

Bitcoin still has its strong positions on the market. It may also be more suitable to investors, whereby those interested in using crypto for online shopping would likely prefer BCH.

What is expected in the near future

It’s tricky to make predictions in a rapidly developing industry. Bitcoin was the first digital currency, and as such has played a fundamental role in the financial revolution cryptocurrency has sparked. With many investors holding onto their initial outlay, it is unlikely that BTC will slide far down from the top.

After all, it’s virtual gold

Despite the many benefits it holds, it’s not likely that Bitcoin Cash will completely replace Bitcoin. The cryptocurrency market will likely see the two digital currencies going into two distinctly different directions. Still known as ‘virtual gold’ Bitcoin will likely remain valuable and profitable in the long run, especially to those looking at it as a long-term investment instrument.

BCH, on the other hand, may turn out to be more suitable to average users who simply need cryptocurrency to spend without delays and restrictions.

Cryptocurrencies have a unique value. Discover it with ROInvesting. It is one of the leading international brokers, who offers an advanced online platform and favorable trading conditions for millions of traders. To craft effective trading strategies, ROI provides:

If you believe that CFD trading is an option for you, ROInvesting offers 250+ assets for investments, including cryptos, commodities, currency pairs, indices, stocks. Enjoy a trader-focused trading service to discover your financial talent.

#source


RELATED

How to Trade Indices? A Useful Guide

To begin with, indices are a way to measure the performance of a specific group of assets, like stocks, including their prices. Famous indices are basically...

Deep Dive into the Crypto Lexicon: NGMI vs WAGMI

The world of cryptocurrency is not just about trading and investing; it's also about a culture that has its unique language. Terms like HODL, which is shorthand...

How to Invest in Facebook Stock with Libertex

Facebook is now a popular social media platform all over the world. Aside from that, Facebook, Inc. (NASDAQ: FB) is now one of the biggest companies...

Pair Trading: Features and Advantages

The functionality of modern trading platforms allows traders to implement almost any trading ideas. However, there are methods of money management that allow...

How Is the Bitcoin Price Determined?

To be a profitable trader of Bitcoin (BTC), you need to understand what determines the Bitcoin price. The markets are much like many others, as they need to consider the supply and demand and adoption issues when it comes to BTC...

Trading opportunities during the football world championship

The world football championship is fast approaching. Fans around the world are already thinking about how to best spend their time during this event, and soon...

A Complete Guide to Online Indices Trading

An increasing number of traders is interested in indices markets and CFD trading. Indices measure how a group of stocks performs. The idea is to focus on how strong...

Dash Coin: Overview and Main Features

At one point, investments in Dash were highly profitable. Many traders received significant gains from the Dash cryptocurrency when the price action surpassed a $1,500...

What Is the S&P 500 and how to trade it?

The Standard & Poor's 500 Index, known by its shorthand as the S&P 500, is arguably the most important stock index in the world. It's made up of 500 companies, including many of the largest...

What is an Index Fund? A Definitive Guide

When faced with volatility in the financial markets, your first defence against the inevitable is having a well-balanced and diversified portfolio. Diversification of your portfolio can be done in many ways...

Living Through Economic Crisis: Top Hedging Instruments in 2022

There has been absolutely no doubt that the post-pandemic global economy will be recovering at a turtle pace. But instead of a gradual recovery, the economy has plunged into a rapidly...

Dogecoin: Has the Hype Faded?

Dogecoin (DOGE) has been enjoying the newfound attention this year. So far, it has accumulated a market capitalization of more than $40 billion and ranks #6 largest digital currency...

Trading GBP vs Euro Characteristics

After almost two decades of forex history, the GBP vs Euro pair is today one of the important major currency pairs in online trading. Both the Euro...

What New Crypto Coins Are Coming in 2022

The crypto industry has experienced an eventful 2021. The world's largest investment funds are actively investing in various crypto assets...

Everything To Know About a Crypto Bear Market

If you have been trading crypto, you certainly have heard the terms “crypto bear market” and “crypto winter.” Ultimately, this is a situation where the market sells off quite drastically...

NEO Price Prediction: Invest or Skip?

NEO is not the most popular cryptocurrency compared to Bitcoin, Ethereum, Tether, and Ripple. Currently, it's ranked only 26 by CoinMarketCap...

Best ways to invest in cryptocurrency

Cryptocurrencies have emerged as one of the most exciting new tradable asset classes in the world. What many investors don’t know, however, is that there are more...

Deciphering Crypto Lending: A Comprehensive Guide to the Process and Pros & Cons

While many cryptocurrency enthusiasts aim to profit from buying, holding, and selling digital assets, a growing number of individuals are discovering an alternative path to leverage their crypto holdings...

The Nine Biggest Risks Of Trading Cryptocurrencies

While the cryptocurrency space has become an increasingly exciting one, and more and more mainstream, it is still a new space that comes with certain risks...

Monero: New All-Time High Coming?

Monero has seen significant gains over the past few months, more than doubling in price. However, there is room for growth - at the very least, to its all-time high of $495.84...

FP Markets information and reviews
FP Markets
81%
RoboForex information and reviews
RoboForex
77%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.