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.
Bitcoin Cash split into two versions in November of 2018. Those versions are currently called Bitcoin Cash ABC and Bitcoin Cash SV.
For now, until the future of both coins becomes clear over time, all things SV and BCH are going to be in this section.
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 Global is a relatively popular crypto exchange. They were once also one of the more popular US-based crypto exchanges for trading altcoins. However, in 2023 Bittrex US filed for bankruptcy.
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.