Bitcoin Cash has become one of the most profitable cryptocurrencies of recent days. Cryptocurrency holders began to ask what they were going to do, and which cryptocurrency they could take their chances with.. While the Bitcoin price stagnated, Investors were confused on this issue, thanks to the 19% appreciation of the Bitcoin Cash price and the total value increase of up to 28% in a 7-day period.. While the rates of those who want to buy Bitcoin Cash instead of Bitcoin have increased, it has been shown that trust in Bitcoin Cash has increased as a result of the decrease in trust in Bitcoin, which is one of the most important reasons for the increase in price.
Bitcoin is now preparing its own death warrant. Seeing the 10% increase in value (this value increase is believed to be a result of a collective investment by a large investor), people who believe that it has started, preferred Bitcoin Cash investment instead of Bitcoin investment.
28% compared to 7 days ago. Bitcoin Cash, which has increased by up to 8%, has thus given its small amount of investors good earnings this year.. BCH, which has earned more than Bitcoin even during the year, thus gained confidence in the market alone, while BTC became the crypto currency that lost the most trust against all cryptocurrencies.. While it is being discussed again that the comments of analysts suggesting that Bitcoin Cash should be taken instead of Bitcoin, the groups prefer to break the biggest record on its own before the end of the year, where BCH once again showed its face, and to break this record despite the price balance of Bitcoin. It was talked about that he succeeded.
7 days ago it was 437 dollars!
Bitcoin Cash price was exactly 437 dollars 7 days ago, and 7 days ago the market volume was exactly 7.6 billion dollars.. Today, BCH, which has a market volume of $ 9.9 billion, is priced at $ 578 and this price is seen as very positive as it emerged within 2 days.
Bitcoin Cash price increased by 21.50% and is currently 580 dollars. saw the dollar level.
Which one to buy, which one to rise?
The balances in the cryptocurrency sector have now changed. It has become clear once again that it is more difficult for people to profit from a single cryptocurrency and should never be tied to a single cryptocurrency.. While the number of investors who understand that there is no point in connecting to Bitcoin in exchange rates is increasing day by day, the fact that although Bitcoin has an effect, this effect may disappear after a while, has once again emerged.
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The fact that people who prefer Bitcoin have been making losses for almost a year, and Bitcoin, which approached $ 8,300 during the year and never saw it above this level, acted independently of its historical record at the end of the year, thanks to the historical declines it experienced during the year.. While this caused question marks in the minds of investors, it did not stop there.. The reason why the trust in Bitcoin started to decline since the beginning of the year was that it had the most impact on the decrease in the market volume and it was understood that if a single cryptocurrency was adhered to, the results were not positive for both the investor and the general market, but on the contrary, it had negative effects.
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While the main competitor of Bitcoin, which competes with Ethereum, is shown as Bitcoin Cash, Bitcoin Cash price is lower and the market volume is 2. Due to its lower price compared to the next Ethereum, Bitcoin protected itself in the first place among the investors’ preferences.
When Bitcoin broke the historical record at the beginning of the year, the market volume was close to 600 billion dollars, and the market volume of Bitcoin alone was 300 billion dollars and was around. This value has now dropped to as low as $104 billion, with a drop of up to 200%, causing an extraordinarily rapid decline not only in itself, but also in the market cap and overall total market cap of other cryptocurrencies.. On the contrary, if the investments were dispersed and more than 50% of the people had different cryptocurrencies instead of Bitcoin, it was predicted that this situation would not have happened today and the losses would have been much less.
Which one should we choose? Those torn between Bitcoin and Bitcoin Cash have about 2 months until the end of this year, and they have to make a decision during this time.. However, if investors cannot make a decision within 2 months, they should choose the one that suits their wishes and their own since the results may be worse.. As for the general opinion, it is a matter of discussion that Bitcoin is expected to increase greatly at the end of the year and that the most profitable cryptocurrency will be Bitcoin among all cryptocurrencies.. Since Bitcoin Cash and Ethereum do not receive enough attention and the investment tool that has the most impact on the shaping of the market is Bitcoin, it is more important to include Bitcoin, not Bitcoin Cash, in the order of preference, and then invest in Ethereum or Bitcoin Cash. There is information that it can be good for earnings.
It is important for crypto money owners to act according to the general market, since this information is put forward by analysts and is adopted by investors.. While BCH’s total appreciation of 28% today and up to 19% in value in one day does not make sense on its own, it is only temporary and 50% in a big sale, which occurs as a result of investments made by large investors, but on the contrary. It should be taken into account that the chance of depreciation of up to rates may be much higher due to the insufficient volume in the market.
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