Are you upset that you didn’t capitalize on the Bitcoin craze? First of all, it’s far from over. And it’s so much more than a mere craze or trend. It’s the future of currency and it’s happening right now.
What about Bitcoin Cash? Investors are curious about this Bitcoin alternative and wonder if it’s a good investment. Simply put, it’s nearly identical to Bitcoin except the block size was increased to 8 MB. So there’s more Bitcoin Cash for the taking then its original counterpart.
Overall, there are other major reasons why this cryptocurrency is an excellent investment. We’ll tell you all about them and more below. So stick around to discover the truth about Bitcoin Cash.
The Price of Bitcoin Cash Has Leveled off in Recent Months
Earlier in the year in July, Bitcoin Cash reached the astronomically high price of $478.54. This is a meteoric rise in value and many short-term investors likely capitalized if they sold at the right time. But short-term investing is a sucker’s bet because 99 times out of 100 you’re going to lose. Timing the market perfectly is nearly impossible.
Today, the same cryptocurrency retains a value of $205 and change. This may seem scary because it lost more than half of its value. But you have to look at the glass half full. You have to recognize that Bitcoin Cash is on sale at a nearly 60% discount.
The opportunity to invest in this currency at such a low price isn’t going to last forever. So you might as well load up the truck and begin investing in your crypto IRA to capitalize on the low price.
Even if Bitcoin Cash was valued at $478 we’d still recommend this investment. Big time investors, top CEOs, and other financial bigwigs are all showing their support. They recognize the value of an unregulated currency. They see the truth in trusting a digital currency that cannot be manipulated by world governments, banks, and other unscrupulous institutions.
So, if the low price hasn’t caught your attention then maybe you have to focus more on this unique opportunity. And the best way to invest in crypto is through a Bitcoin IRA. Set one up for your retirement sooner rather than later. You’ll protect your portfolio from the upcoming financial recession and earn a healthy chunk of change in the process.
How is Bitcoin Cash Different from Bitcoin?
As we already touched upon, there is one major difference between the two cryptocurrencies. But there are other things that make them different as well. Some things to consider include:
- Bitcoin Cash does not face the same scalability issues as Bitcoin. They solved the problem by making each block 8 MB in size. Bitcoin Cash moves a lot faster and the transactions are a lot cheaper than its older, slower, more expensive counterpart.
- Bitcoin unfortunately lacks leadership in its development team. This is a major disadvantage when comparing it to Ether, Litecoin, and even Bitcoin Cash. The team doesn’t appear united and since the group is divided, leadership is clearly lacking. But the same is not true for Bitcoin Cash.
- Bitcoin represents about 45% of the entire crypto market. This is huge and it may seem like a major advantage. But when you think about it strategically, you’ll recognize that Bitcoin Cash has much more room to grow than the original investment. Even though Bitcoin is recognized as the crypto gold standard, Bitcoin Cash is the currency that everyone is talking about because it’s cheap, it’s affordable, and it has plenty of room for growth.
- Bitcoin has a cult-like following. This may seem like a major disadvantage for Bitcoin Cash, but nothing could be further from the truth. It’s actually the opposite in fact. Investors are just as rabid to get their digital hands on Bitcoin Cash as they are the original Bitcoin. The cult-like following is just as excited to invest in the newer, more scalable choice as they are the original.
Clearly, Bitcoin Cash has big shoes to fill if it’s going to compete with the original Bitcoin. But the great thing about it is its low price and scalability makes it such an attractive option.
If you’re looking to begin investing in Bitcoin Cash, we recommend opening a crypto IRA and commit to long-term investing. It’s the best way to capitalize on this once-in-a-lifetime opportunity.
Is a Crypto Bull Market on the Horizon?
Since July of this year, cryptocurrencies like a Bitcoin, Bitcoin Cash, Ethereum and others have suffered from a major bear market. But just like all things, what goes up must go down. Or vice versa in this case because what goes down is going to eventually go back up again.
Are you prepared to take advantage of the major turnaround? Bitcoin Cash retained a value of nearly $500 in the middle of July. It’s worth only a little over $200 right now. So the price is eventually going to shift in a positive direction very soon.
Why? Well, the threat of an impending recession is always a problem for the stock market. But it isn’t a problem for crypto. In fact, it’s a major boon for this investment vehicle.
Protect Your Nest Egg during Political Upheaval
Political turmoil certainly doesn’t help the overall world economy. And in the United States, the Democrats are doing everything in their power to kick Trump out of the oval office.
All of this strife and political upheaval creates chaos in the financial world. Even worse, it makes the United States seem like a much less trustworthy country. Other countries are abandoning the United States and the US dollar. They are looking to newer digital currencies like Bitcoin Cash to protect their assets and solidify their financial future.
You do not want to fall asleep at the wheel during these massive changes. Bitcoin and other forms of crypto are more than a mere fad. They are here to stay, and in truth, they are the future of currency all around the world.
Open a crypto IRA today to start investing in Bitcoin Cash. It’s easy to open an account with our favorite broker Regal Wallet. Since BCH is such a low-cost investment, investing now is the smartest thing you can do to grow your wealth.