We are now past the fork. Even though we should expect volatility until atleast November.
It is still an investment that needs to be evaluated. Here are my tips and predictions off the last few weeks of research.
The price has dropped considerably in the last 24 hours. I myself was buying and selling on opening day making $50 - $100 an hour going back and forth on the Coinspot exchange in Australia. The price has since been on a steady decline and finding it's place, if it has one! In the world.
Let's look at some of the perameters of BCH.
Is it Faster?
At the moment most excahnges are being very careful especially shapeshift taking hours to make a shift, so speed is terrible now. Soon of expect it to hit LiteSpeeds ;)
Is it cheaper?
Yes! I have traded over 10 times and the fees are shallow of bitcoin, enough to make the switch in time. BUT!!! Coz they use script mining. It is essentially the same as Litecoin!! Sooooo a smart Crypto investor would choose Litecoin over BCH at this point. Fees are practically the same between lite and bch.
Is their potential?
The free market will decide. I think a buy signal will be in if it drops below $100. Unless you are a day trader I would pass on bch until its price is where a starter should be.
Why buy?
It's a new Crypto and we have seen the success of every ether ico that comes out daily. This being the exact copy of Bitcoin guarantees a few things.
21,000,000 available coins. Unlike Bitcoin which has many coins lost or locked on crashed hdds.
Fees are lower and speed will be quicker. As time rolls on this will be a big win, especially if Bitcoin continues it's slow and expensive operation.
The price will find it's bottom. Crashing onto a scene over $1000 now around $200 this was inevitable and the price will rebound. I am holding out for an $70-$90 buy sign.
Will it surpass Bitcoin?
????
Only time will tell but if you hold a significant amount of Bitcoin. I would keep my eye on it every 2 hours just incase people flee the market.
Final thoughts:
Another great coin with lots of potential. Has a shot at surpassing BC as the team are well funded and have good mining tech. Look for more drops and roses in price. If we see it below $100 then I would enter the market at minimum 1 coin per week or minimum of 10 coin buy initially. This will be a fun or disasterous ride ahead. Risk is high but reward could also be 1000s of dollars profit. This is what real investing is all about!
Take what you will
CG