HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
XM information and reviews
XM
86%
Exness information and reviews
Exness
86%

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 make money on Forex swaps

The task of each successful trader is to find the most advantageous points of entering the market and exit from the transaction. Finding such pionts will allow...

What Made Bitcoin's Last Bull Market Different?

Bitcoin has experienced multiple bull markets, and this latest one, which began in 2018, is markedly different from the last. Between late 2018 and the time of this writing...

How to Create NFT Art?

NFT stands for non-fungible token. This is a unique token on a blockchain that cannot be replaced with something else. For example, Bitcoin is fungible...

Secrets of Successful Forex Gold Trading

Most beginners and intermediate traders when choosing financial instruments for trading limit themselves to currency pairs. Today, many Forex brokers...

Margin Call: What It Is & How to Avoid It

You have probably heard about an unpleasant surprise to traders: a margin call. And we hope you do not know how bad it might be for your money. A margin call is a broker’s demand...

A Guide How to Trade Indices

An index (plural, indices) is a measure of a collection of assets or tradable securities. It aggregates the prices of all the underlying assets and provides...

The Art of Trading Forex With Stop Loss (Or Without It)

One can't overstate the importance of mastering the art of stop loss placement when trading Forex or any other financial market for that matter. Stop loss is an...

What Is Shiba Inu Coin?

Shiba Inu coin is a “meme coin” that caught the attention of crypto enthusiasts over the last few years. The coin is one of the largest of the "dog coins" and a direct competitor to Dogecoin...

Banking Forex: advantages and disadvantages

Without exaggeration, currency pairs can be called the most popular financial instrument. The instability of the exchange rate, combined with the high threshold of credit...

How to Invest in Apple with Libertex

Regardless of which side you fall on in the great Apple vs Android debate, the impact Apple has had on the world of technology cannot be denied. Nor can its high performance...

Maximizing Returns with USDT Staking: A Comprehensive Guide

In the dynamic world of cryptocurrency, staking has emerged as a popular way to earn passive income. Among the various digital currencies available for staking...

What You Need To Know About Market Rallies

Usually, the word "rally" is associated with racing. But it has another meaning besides the competition. In stock trading, the notion of a rally is used to refer to a period during...

What Is the Safemoon Coin, and Can It Rise to the Moon?

The cryptocurrency market is moving so quickly that it's getting harder to keep up with new coins. Just days following the first big surge of Dogecoin, the market saw another...

What is a Decentralised Autonomous Organisation (DAO)?

DAO is the new buzzword in the array of crypto offerings aiming to disrupt the traditional models of collaboration and organisation. A DAO can be used to create...

Forex Trading: A Comprehensive Guide

In the realm of global finance, several markets and assets beckon traders. Among these, the Forex market stands out, offering unique opportunities and challenges...

Netflix Stock: Should You Invest in Netflix in 2022?

We can argue about whether investing in Netflix (NFLX) stock is a good or bad option, but there is no denying that the American entertainment company has changed the rules of the game...

Unlocking the World of Commodities: An In-Depth Exploration

Commodity markets have often been portrayed as a realm for high-risk individuals, and while there's some historical accuracy in that depiction, the reality is that nearly every type of investor engages in commodity markets...

Should you be shorting Bitcoin in 2022?

Bitcoin skeptics and opponents have criticized crypto since its inception, and its association with dark web dealings didn’t help either. There’s also the issue of extreme volatility...

Why Live and Demo Forex Trading Show Differences

In practice - often because of the lack of a real money commitment - results achieved from trading in a demo account...

TOP 10 Gold-Backed Cryptocurrencies

Cryptocurrency, being a relatively new asset, has many people interested, but it can also be used for just pure speculation. Digitizing ownership of gold is an area of interest that...

FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Just2Trade information and reviews
Just2Trade
76%
FXNovus information and reviews
FXNovus
75%
Riverquode information and reviews
Riverquode
75%

© 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.