In this Crypto boom, the most common question, where most of the investment journeys stop, even before starting, is “Where should I invest?” Choosing the correct Cryptocurrency is really vital if you want to get a considerable amount.
Being the most popular Cryptocurrency, Bitcoin attracts a huge part of the Crypto investors. But with the launching of the new Bitcoin Cash, many investors have already shifted their investment from Bitcoin to Bitcoin Cash.
So, in order to get the answer to your question, “Should you start investing in Bitcoin Cash instead of Bitcoins?” first, you have to develop a proper understanding of both the Cryptos. Let’s start with what Bitcoin and Bitcoin Cash are.
It is the very first Cryptocurrency, which was launched in the year 2009. The name behind this amazing invention is Satoshi Nakamoto, who is a pseudonymous figure. Bitcoin started its journey with the value price of $0.0008 to $0.08 for each coin.
Standing in 2021, Bitcoin has managed to reach its all-time highest value price of almost $68,000 per coin. The very intention behind launching Bitcoin was to offer a peer-to-peer electronic cash system, which can be used for making payments.
But just like gold and any other assets, people start buying them and holding them, thinking, with passing time, the price of it will increase. It is quite the scene for profit revolution. We are actually witnessing the crazy movements of the Bitcoin price-value graph.
The thought behind the spurring of Bitcoin Cash is a desire for other Cryptocurrencies and Crypto assets, which are optimized for actual payments. For this particular reason, Bitcoin was literally forked out by Bitcoin Cash.
Though Bitcoin cash was invented to provide an electronic cash payment system, it also has experienced almost the same volatility, which actually holds back the potential of Bitcoin as a true currency.
Suppose, you spent $5 for a cup of coffee yesterday; that same amount of Crypto worth $25 today. This volatility might lead to a loss for you. At this point, we can say that both Bitcoin and Bitcoin Cash share the same scenario.
We will always advise you to stick with the two most popular Cryptocurrencies; Bitcoin and Ethereum. Experts also advise skipping other altcoins other than these two if you want to play it safe.
The Crypto market has thousands of different Cryptocurrencies to offer you. But most of them actually have very little value along with the uncertain potential for growth of value in the future. So, however, Bitcoin Cash is sharing the name Bitcoin; it will be best to skip it.
Here is a comprehensive chart of Bitcoin and Bitcoin Cash.
|2021 Lowest Price||$9,868||$333|
|2021 Highest Price||$67,584||$1,641|
If you keep yourself updated with the Crypto news on a regular basis, you might know the journey of Bitcoin. In 2009, when it was first launched with a price of $0.0008 to $0.08 for every coin, now look at the peak where it has reached this year.
The graph of Bitcoin is though on the positive co-ordinate; still, it has never been a smoother one. It is full of lots of ups and downs. Individually the year 2021 has started with the value price of around $33K, and now by the starting of November 2021, it has managed to break its own record and reach its all-time highest price of more than $67k.
On the other hand, Bitcoin cash is not that reliable in comparison to Bitcoin. However, the graph of Bitcoin Cash is also heading in an upright direction. But as per the investors, there is no comparison of Bitcoin with Bitcoin cash.
If you want to invest in Bitcoin cash, you can, only when you are ready to take the risk. But if you are thinking of taking out an investment from Bitcoin and putting it in Bitcoin Cash, we do not think it will be worth the money.