We explain how to invest in cryptocurrency for beginners. The first thing you need to decide is if you want to invest directly in cryptocurrency or invest indirectly (for example through a stock).
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
NOTE: Bitcoin Cash has been on a bull run recently. It is also in a sort of war with Bitcoin. Given this, one should read up on Bitcoin Cash before impulse buying. This isn’t to say the coin isn’t without merit, it is only to say that it has a history that is important to consider before buying. See articles below for the pros and cons of Bitcoin Cash.
Sometimes the cryptocurrency market corrects by 25% or more. Dec. 21 – 22, was one such time. From a positive frame, crypto just went on sale for the Holidays.
Bitcoin Cash was listed on Coinbase/GDAX on Dec. 19. There were some questionable price increases in the hours leading up to the listing. Coinbase is investigating insider trading.
They rumors were true. Coinbase/GDAX has listed Bitcoin Cash. Bitcoin Cash will now be tradable on both Coinbase and GDAX.
Some argue that Bitcoin Cash is “better” than Bitcoin because it often has faster transactions, lower fees, and is more profitable to mine. This argument is however misleading.
Bitcoin came back from a correction to $5.5k to break $8k by Nov. 19th. For the moment it looks like Bitcoin will remain King/Queen.
Bittrex is one of the most popular crypto exchanges for trading altcoins in the U.S.. Its complexity can be intimidating, but the learning curve is worth it.
Bitcoin Cash could become the dominant Bitcoin, Bitcoin Cash could get dumped for Bitcoin, or both could both find success. Any of these cases are possible.
If you aren’t aware, Bitcoin and Bitcoin Cash are in a war of sorts, both on the exchanges and on social media. That makes it a risky time for both assets.
Bitcoin is a value store, Bitcoin Cash is a payment system. A payment system needs to be fast… and have a stable price. A value store should rise in value steadily.