![image.png](https://cdn.steemitimages.com/DQmYvsqGtMmbfkBBnKSYiv26o3mfT59GLgp8rYkpYt3k8H4/image.png) [image source](https://www.google.com/imgres?imgurl=https%3A%2F%2Fmiro.medium.com%2Fmax%2F4000%2F0*sOHh5j3mCk_CsY1N.jpg&imgrefurl=https%3A%2F%2Fblog.purse.io%2Fbitcoin-cash-14bdb8e8c706&tbnid=aSRfKNXIBuLkJM&vet=12ahUKEwjQwoCe8p3tAhVDw4UKHQmwCZMQMygIegUIARDYAQ..i&docid=73DQVTeZk7maBM&w=2400&h=1271&q=bitcoin%20cash&safe=active&ved=2ahUKEwjQwoCe8p3tAhVDw4UKHQmwCZMQMygIegUIARDYAQ) Since Bitcoin (BTC) the giant of cryptocurrency has become more and more popular, the amount of time it takes to process a transaction has become slower and slower, which has made the cost of each transaction more expensive for the sender. **My most preferred cryptocurrency** It is linked with the world most popular cryptocurrency, bitcoin. Forked out of Bitcoin is my favorite cryptocurrency. Ladies and gentlemen I present to you my most preferred crypto – BITCOIN CASH (BCH). It was created from deliberation on how to improve Bitcoin’s technology. Bitcoin cash was built by Bitcoin hard fork conducted on August 1, 2017 and resulted to the creation of new version of blockchain with different rules, the software now has capacity for a large number of transactions (by eight megabytes to be exact). My Bitcoin cash trade began this in September 2020 with about 0.8 BCH. My account is still building as I have initiated platforms such as read.cash were I can easily build my BCH with necessary having to buy. **Bitcoin cash; before, now and the future** Bitcoin Cash started trading on the opening value of about $290 per coin. The new cryptocurrency immediately hit the top of the ratings in terms of market capitalization, with its price more than doubling the next day to reach a $756.93 mark. The coin ended its second day of trading at $452.66, boasting of a market cap of 7,460,771,889. By August 19, its value soared to $1,091.97. After peaking at this price, BCH started to depreciate gradually. By the middle of October 2017, it fell below the $315 mark as many people who had originally held BTC started to sell BCH coins they received at the hard fork. As the market started to recover slowly, Bitcoin Cash appreciated to $522.09 by the end of June 2019. However, another price decline was not long in coming, with BCH plummeting to $210 by the end of the year. The market experienced a boost at the beginning of 2020, seeing BCH investments in the upward trajectory. On February 14, BCH was worth $493.03. However, once the Covid-19 pandemic hit the world, all the financial markets tumbled amid the increased economic uncertainty. Cryptocurrencies were not an exception. On March 13, the BCH price plunged to $139.22 per coin. In the following days, the cryptocurrency escalated to end the month at $220. After the hard fork that occurred few weeks ago, BCH has plummeted to about $340 USD market value as at today against previous predictions of 2021, shown below: ![image.png](https://cdn.steemitimages.com/DQmZqxY33Z7QXcvPYrHAiCwDV1M7SXtZH9ag6YUxjKuYEWq/image.png) [Price Prediction for Year 2021](https://www.google.com/imgres?imgurl=https%3A%2F%2Fcapital.com%2Ffiles%2Farticles%2F%255Binfographics%255D%2520Bitcoin%2520Cash%2520price%2520prediction%25202021%2520and%2520beyond-4.png&imgrefurl=https%3A%2F%2Fcapital.com%2Fbch-bitcoin-cash-price-prediction-2021&tbnid=sn3luTXLW5s4lM&vet=12ahUKEwigrOfX7Z3tAhVSLxoKHfwAAsQQMygUegUIARDAAQ..i&docid=hHcMtGrOAbLivM&w=1500&h=958&q=bitcoin%20cash%20price%20prediction%202021&safe=active&ved=2ahUKEwigrOfX7Z3tAhVSLxoKHfwAAsQQMygUegUIARDAAQ) ![image.png](https://cdn.steemitimages.com/DQmXCALsTVcmYDRDasrS5QFT11iu56td3Xq8TGoeQjEvW7r/image.png) [BCH Crash and Recovery graph](https://www.google.com/imgres?imgurl=https%3A%2F%2Fcdn.statcdn.com%2FStatistic%2F805000%2F807070-blank-754.png&imgrefurl=https%3A%2F%2Fwww.statista.com%2Fstatistics%2F807070%2Fbitcoin-cash-price%2F&tbnid=e45rpn1JlJD48M&vet=12ahUKEwjqhrKg7Z3tAhXa0oUKHfbSBboQMygBegUIARCSAQ..i&docid=JPIsAYqKe5j44M&w=754&h=560&q=bitcoin%20cash%20price%20when%20it%20was%20launched&safe=active&ved=2ahUKEwjqhrKg7Z3tAhXa0oUKHfbSBboQMygBegUIARCSAQ) Bitcoin Cash has a community and a substantial amount of other players (like businesses) in the ecosystem providing support for it. This is a clear sign of it having a strong future. As for me, am building my wallet and not even ready to sell off. **Why I preferred BCH to other cryptocurrencies** Bitcoin cash has proven by its creation and usage to be unique in these areas: Transaction speed: Transactions and confirmations happen in seconds Very reliable: network runs without congestion Very low fee charges Easy to use and very stable Above all, it’s quite secured. **Other currencies am interested in** >Cryptocurrencies catching my attention are: Bitcoin Etherum Ripple Tether Litecoin Tron To improve the current Bitcoin system, Bitcoin Cash (BCH) was created. Bitcoin has already become the top 5 cryptocurrency even after it has faced serious challenging times since its creation.
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author | samsuccess |
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created | 2020-11-25 14:34:27 |
last_update | 2020-11-25 14:34:27 |
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root_title | "My Most Preferred Cryptocurrency: Bitcoin Cash (BCH)" |
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matildapurse | 0 | 1,934,113,019 | 20% | ||
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chimezunem001 | 0 | 9,297,912,727 | 100% |
Bitcoin cash is really a good cryptocurrency which any investor, traders can choose, I love it qualities and features like the transaction process is very quick compare to that of bitcoin, lower processing fees, and the sweetest is its network that can handle manny more transactions in just a seconds. I also love BCH I appreciate you for sharing this content to us. #Onepercent #nigeria #affiable
post_id | 88,553,346 |
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author | chimezunem001 |
permlink | qkdak8 |
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json_metadata | {"tags":["onepercent","nigeria","affiable"],"app":"steemit\/0.2"} |
created | 2020-11-25 19:38:39 |
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steemcurator01 | 0 | 3,752,390,963,913 | 1% |
Bitcoin is indeed popular. I am sure that it has been on the lips and mind of not only traders but others that are either looking forward to invest in it or buy and sell it. > Very low fee charges In this I solely believe that it depends on the exchange because there are exchanges I know that charges a fixed commission on all cryptocurrencies exchanges. ❤️❤️❤️❤️ Becky.
post_id | 88,553,397 |
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author | beckie96830 |
permlink | qkday0 |
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created | 2020-11-25 19:46:51 |
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root_title | "My Most Preferred Cryptocurrency: Bitcoin Cash (BCH)" |
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steemcurator01 | 0 | 3,751,695,399,284 | 1% |
Thank you for taking part in the **Bitcoin is Booming** Crytpo Challenge. Keep following @steemitblog for the latest updates. The Steemit Team
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