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It is said that cryptocurrency can not be printed. Forks are the negation. Bitcoin Cash is an example of how you could print bitcoin.
Unlike many other forks (even later bitcoin gold), Bitcoin Cash it does not seem just a jump on the cash register. His creation was guided by the noble ideas of remaining faithful to the assumption and views of the creator of Bitcoin - Satoshi Nakamoto.
This project has a group of very loyal, sometimes fanatical, supporters who believe that Bitcoin Core should cease to exist. According to them, Bitcoin Cash is a real Bitcoin.
Without going into this dispute, what can we say by looking at Bitcoin Cash from the side?
It is a means of payment. In this respect he was supposed to be better than Bitcoin, correct his gaps.
How did it work out?
Bitcoin Cash is faster today than Bitcoinbut there are much faster cryptocurrencies for paying. The costs of BCH transfers are much lower than in the case of Bitcoin, but they do exist currencies with free transfers. BCH will not be paid in too many places, and the average daily number of transactions performed using BCH is half lower than in the case of even litecoin (people are even more willing to use it dogecoin than Bitcoin Cash).
Where, then, is the high capitalization of Bitcoin Cash?
Probably thanks to faithful followers, millionaires, who announced that they change their Bitcoins to BCH, as well as the recent upward wave, to which they tried to connect many investors who caught the so-called. FOMO (fear of missing out - fear of what is bypassed us).
At the moment, BCH does not seem to be the best investment. It should be treated as a purely speculative asset. In the long term, I consider it a risky investment. There is no revolutionary future-proof solution behind it, and the value in use is very limited.
Among old users, faithful to ideas, there is a great sentiment for this currency because it supports the concept of decentralization and has a name in it Bitcoinnot Litecoin or Dogecoin. The name is the main asset of Bitcoin Cash cryptocurrencywho will not let her die so easily and give her some advantage in the fight for mass acceptance as the payment medium.
