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.
Bottom Line
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.
Thank you very much for this awesome review! I actually did not know there was a difference between Bitcoin and Bitcoin Cash. I’m glad that you clarified that because I would worry about Bitcoin going into an IRA. Bitcoin Cash seems like it is much more stable than Bitcoin, and that is a better investment in an IRA in my opinion.
Hi Jessie! Both Bitcoin and Bitcoin Cash are solid investments for an IRA. Bitcoin Cash is a more advanced version of Bitcoin but the original still holds a lot of potential for investors looking to invest for the long-run. Both cryptocurrencies are still in the beginning stages of its rise and it’s not too late to invest in either of them. Thank you for the feedback, Jessie!
Hello, I really want to appreciate your effort in putting together this website and writing this article. I knew a lot about bitcoin but I never knew about bitcoin cash. From your review I understand that bitcoin cash holds more advantage than bitcoin itself. I think I should dive in right now and invest in bitcoin cash so I won’t regret it. Thanks alot for the info
Hello Benny! I would suggest diversifying your portfolio to include both Bitcoin and Bitcoin Cash as they are still potentially good investments for the long-run. I’m glad I convinced you to make a good decision! Thank you for the feedback, Benny!
I have been
skeptical of any cryptocurrency. When Bitcoin crashed it wasn’t just a
few hundreds of dollars but rather thousands that were lost. Your explanation of Bitcoin Cash makes investing in it seem a lot more inviting. However at age 80, an IRA would not be applicable. I just wish I were younger and knew what I know now.
Hello Dane! If you are 80 years old, it is not too late and it is never too late to invest in an IRA! You can start cashing out from your IRA at 59 and a half years old without being taxed. so you are perfectly eligible to invest in an IRA without any limitations! As I have said, it is not too late for you to look into a cryptocurrency IRA. I hope this helps you make a good decision! Thank you for the feedback, Dane!
This is the first time I have heard about Bitcoin Cash. Are they somehow related though, with Bitcoin?
I have done some trading a few years ago, mainly on Forex. Nowadays, I seldom do it anymore. Bitcoin Cash sounds rather interesting though, so I would probably check it out later and do some research on its trend. Thanks for your informative post!
Hello Grace! Bitcoin Cash is a hard fork of Bitcoin, meaning that it is derived from Bitcoin and became a completely new cryptocurrency of itself. It is different in that it has larger blocks than Bitcoin which leads to faster transactions. Both Bitcoin and Bitcoin Cash are good for long-term investments. I would not recommend trading with cryptocurrency as they are very volatile investments. Thank you for your feedback and inquiry, Grace!
Hey David!
Well, it looks like a new and improved version of Bitcoin has been born. I wonder if there is going to be a limited number of Bitcoin Cash elements, as the classic Bitcoins are supposed to stop by the 21-million quota. I remember having installed the Electrum Wallet for Bitcoin on Linux a few months ago.
So let’s see how will this new currency develop on the market!
Best regards, Peter
Hello Peter! Unlike Bitcoin, there is no limited supply of how much Bitcoin Cash can be mined. The key difference between the two cryptocurrencies is the block size. Bitcoin Cash blocks are bigger and allow for faster transactions. Let’s see how well they do! I do believe both investments will be worth it in the long-term. Thank you for dropping by and giving your feedback, Peter!
The article about the “Is Bitcoin Cash a Good Investment?” looks nice. You give a several information about the Crypto Bull Market.Even my cousin sister recommender for me but i’m not interested with the crypto IRAs but after seeing your article it gives more additional information about the cryptocurrencies and clears my doubts. Thanks for giving the recommended information.I keep your site as a book mark
– by yoge
Hello Yoge and thank you for bookmarking my site! Perhaps there is a crypto bull market on the horizon as there was a bear market recently. We only recommend cryptocurrencies for the long-run so as long as there is one coming in the future, that makes everything work out just fine. Thank you for dropping by with your feedback, Yoge!
I found your article very useful and informative. Bitcoin cash is a very good alternative of bitcoin. Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin.I agree that Bitcoin Cash does not face the same scalability issues as Bitcoin. I Hope bitcoin cash value will go up in the near future.
Thanks for sharing this great article!
Hello S.J.! Bitcoin Cash may rise in value in the near future or it may not, but one thing that is more certain is that in the long-term it will be worth the investment if you start investing now. Thank you for the compliment and the feedback, S.J.!