This makes BCH faster, cheaper and more scalable than Bitcoin. Bitcoin cash is becoming more and more adopted by the day because of this. As mentioned earlier, cryptocurrencies like Bitcoin or Bitcoin Cash derive their value from how much they are adopted, used and demanded.
We can analyze them in terms of ROI return on investment and value growth. They are both holders of value , and while Bitcoin has been the holder of the most value up until now, Bitcoin Cash is gaining users and value fast.
Bitcoin Cash is much younger than Bitcoin. So, it is still in the stage of capturing and realizing its own place in the crypto market. This is because Bitcoin Cash has addressed the scaling issues that Bitcoin faces, allowing more people to use it with ease and lower fees. This means that more people will likely switch to using BCH as their main store of value and transactional currency. Many newbie investors see Bitcoin Cash as a cheaper Bitcoin with a lower entry point to the market.
This is because they share very similar names and come from the same branding and community. The confusion has also led to Bitcoin Cash receiving negative attention as a copycat currency that is simply a cash grab, aimed at tricking new crypto investors into buying a fake Bitcoin.
This, however, is not true. The main advantage of Bitcoin Cash is that it is cheaper and faster to use. This is because it is more scalable, meaning that more people can transact on the blockchain at any given time. Its development team is quick to implement solutions that make the blockchain more scalable. Which gives it great future potential for adoption and use. It is also cheaper to move around between exchanges. Whenever its price surges, it is a great trading asset against Bitcoin and a solid investment to hedge against Bitcoin, should Bitcoin lose its market dominance one day.
Note : Nothing in this article is financial advice! You should always consult a financial advisor before investing. Also, always choose reliable cryptocurrency wallets, such as Ledger Nano S , Coinbase and Trezor , to keep your coins secure! Bitcoin Cash does not have as much investor confidence as Bitcoin. This has a lot to do with the fact that this coin is much newer than Bitcoin.
Bitcoin Cash mining is relatively the same as mining Bitcoin.
This means that someone who mines Bitcoin Cash makes much less profit than someone mining Bitcoin with the same equipment. For this reason, miners are not as quick to mine Bitcoin Cash. As the original cryptocurrency, Bitcoin is the base currency of the entire sector. It is what all other cryptocurrencies trade against as well as ETH, most of the time and is tradable on most exchanges.
Bitcoin is the most popular and has the most trading pairs with other cryptocurrencies.
As of 23 rd March , Bitcoin makes up The disadvantages of Bitcoin when compared to Bitcoin Cash mainly regard the scalability issues facing Bitcoin. Bitcoin is older , slower and costs a lot more per transaction. It is likely that as the sector grows, Bitcoin will continue to lose its dominance to these other coins. Another disadvantage is that the core development team of Bitcoin is not united as good as other crypto teams, like that of Ether, for example. They appear to be divided as a group and lacking clear leadership.
This makes the implementation of scaling solutions more difficult to agree on and implement to the network — not good at all! One of the most popular exchanges to buy both Bitcoin and Bitcoin Cash is Coinbase. On this platform, you can use fiat to buy popular cryptocurrencies including Bitcoin and Bitcoin Cash through your credit card, bank account and more.
Unfortunately, Coinbase is only available in 32 countries:. Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine. Many people are under the impression that Bitcoin Cash VS Bitcoin is a war, and that one should be better than the other. For practical reasons, Bitcoin Cash is a faster and cheaper asset to use for transacting on the blockchain. But Bitcoin , being the original cryptocurrency , is the most adopted and currently the greatest store of value in the cryptomarket.
This leads me to believe that both these coins can remain as staples in the industry as it evolves and matures. BCH can become the main tool for transactions and moving money around as more users adopt it. BTC can continue to be used as a store of value that is considered the gold of digital currency.
Both stand to grow in value and adoption over time, making them worthy investments for any investor to look into and consider. Now that you know the differences between these two coins, you can better decide how you want to invest in them and how you will use them. Things will pick up from there, however, at least according to other forecasting sources.
That depends on every individual investor and their plans for the coin. Judging by the long-term predictions, the situation for BCH is going to become worse before becoming better. However, predictions for are not very optimistic. What is your BCH price prediction? Have you already decided whether you should buy or steer clear of the coin? One of the ways to try to profit from the market volatility without having to own an actual asset is to trade BCH through contracts for difference CFDs. Trading CFDs gives the opportunity to capitalise on both bullish and bearish price action.
Note that CFDs are a leveraged product. Therefore profits, as well as losses, are magnified. Once you are ready, create a trading account at Capital. Open a free practise account in less than 3 min. Spread betting TradingView. Indices Forex Commodities Cryptocurrencies.
For traders. News and features Capital. Professional clients Institutional Economic calendar Capital. Learn to trade. Why Capital. Our Global Offices Is Capital. Get the app. Log In Trade Now. My account. Bitcoin Cash price prediction and beyond: where is the BCH price going from here? Ali Raza , 24 November Share Article. What is Bitcoin Cash and why does it matter to the industry? This means that the winning blockchain is the one that has decided to not introduce a mining tax on its community, which is likely going to help it attract more attention, and push its price further up.
Furthermore, despite always being controversial, BCH has quite a dedicated fan club these days, which will continue to support the project and give it value. Bitcoin Cash's situation has caused many to become extremely interested in the BCH forecast for the next year, as well as all those that will follow. When it comes to Bitcoin Cash predictions, there are some experts that are quite bullish.
Roger Ver, for example, has previously stated that BCH might see its price double over the following 12 months.