Bitcoin Cash is Back? Why I'm Not So Sure

Bitcoin Cash is Back? Why I'm Not So Sure

By Bfab | Good vibes | 26 Jun 2023


The dinosaur has come back to life. Bitcoin Cash (BCH), a fork of Bitcoin that was created in 2017, has been making headlines lately as its price has surged. This is likely due to the launch of EDX Markets, a new cryptocurrency exchange that is specifically designed for BTC, EH, LTC and BCH trading.

I'm not so sure that I'm excited about the return of BCH. I've always been a Bitcoin enthusiast, and I believe that BCH is a flawed project. For one thing, BCH is linked to Roger Ver, a controversial figure in the crypto community. Ver is known for his aggressive marketing tactics and his outspoken support for BCH.

Another reason why I'm not so sure about BCH is that it doesn't offer any real advantages over BTC. In fact, I would argue that BTC is actually the better coin. BTC has a larger network of users and a more established track record. It also has the Lightning Network, which allows for fast and cheap transactions.

So, why is BCH making a comeback? I think it's because some people think that EDX Markets will bring liquidities to the four coins that will be listed - i.e., BTC, ETH, LTC and BCH, and that BCH might surge due to its higher volatility compared to BTC. However, this higher volatility can work both ways...

I'm not saying that BCH is a bad coin. It's just that I don't think it's the best coin. If you're looking for a crypto to invest in, I would recommend BTC over BCH. BTC is the more established and secure coin, and it has the potential to be more profitable in the long run.

TL;DR: Bitcoin Cash is back, but I'm not so sure that I'm excited about it. I prefer Bitcoin over BCH because BTC is more established, secure, and has the potential to be more profitable in the long run.

Disclaimer: The information provided in this post is for informational purposes only and should not be considered financial or investment advice.

For more insights on crypto: Follow me on Medium or Twitter.

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Bfab
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