Jan 20, · Bitcoin Cash transactions set to launch on over 13, Mecon Cash ATM’s in South Korea. Bitcoin Cash is likely to embrace a sideways trading trend above $ but the support at $ is still in grave danger. Bitcoin Cash is in the middle of a tactical retreat from the recent high at $ 2 days ago · Bitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics. Jan 04, · Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $K by A new, comprehensive analysis has predicted the price of bitcoin to reach almost $20K this year and will keep rising to almost $K by
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Looking at the 1-hour range chart, the RSI has made an entrance into the overbought while the MACD has defended its position in the positive region. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. However, the biggest threat to BCH is one of their biggest advantages: their attempted use case.
Should these two, for any reason whatsoever, decide to direct their wealth and clout into something else, BCH will sink in a Bitconnect-like fashion. Bitmain in particular would prefer to see larger blocks that keep the ASIC exploit in order to be more profitable. The preserving of this exploit that the Chinese miners have invested so much money into is a key feature of Bitcoin Cash as it keeps their advantage alive. Probability of this happening is quite high and this makes investing in BCH highly risky undertaking.
Another question pertinent to Bitcoin Cash price prediction is: is the project dead already? The answer is no, or not yet. No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to Coin is also still listed on all major exchanges which indicates that BCH is far from a dead project.
The cryptocurrencies with the most useful features that are best able to adapt to the needs of a niche, will prevail. Bitcoin Cash is losing the battle with bitcoin in one important sector: it is not seen as secure store of value as Bitcoin is. On the other hand, there are a lot of coins specialized on small payments primary use case for BCH that do it better and faster than BCH.
That leaves Bitcoin Cash in an awkward position: it is not good enough to be the payment coin of choice, nor is it good enough to be store of value and digital gold. Finally, cutting to the chase: For these two reasons quoted above, BCH is not a good investment in my opinion. With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Walletinvestor is a popular website that does technical analysis based price predictions of various cryptocurrencies. However, the team kept working on their network and the project still seems to have some kind of a future, although the whole story and team behind it are fickle. In , once the market wipes out the worthless projects, BCH might be still alive but the price could be far lower than now.
If BCH survives to see , that would mean the project stood the test of time and user adoption is growing, which would all lead to the token being worth at least x than its hitherto all time high.
Predicting prices of novel, highly volatile and risky asset classes is a thankless task — best answer is no one knows. Educated guess is that realistic BCH price for the foreseeable future is somewhere between its current price and its all time high. BCH is tied at the hip of bitcoin and by extension of the whole market.
If bitcoin surges again, it will pull BCH and other altcoins along with it which would mean — yes, BCH will rise again. Because the whole market is in a slump. Additionally, BCH has had some issues with miner centralization and lack of actual use cases which lead to its reputational decline and hence, diminished speculative value.
Those who claim this usually emphasize its lower fees and faster transaction times as major advantages over the crypto king — Bitcoin. However, these two alleged improvements come with a huge drawback in the sense of diminished network decentralization and technical instability due to the untested code releases and hectic approach that prioritizes speed over security. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses.
None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology.
He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.
Sure, if your writing meets our standards and editorial guidelines. Shoot me an email at rene captainaltcoin. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.
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