Is BCH an effective investment option in the long run? - page 3.

Koadharber

hero member

Activity: 1065

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Quote from: piloder on May 06, 2018, 11:48:20 AM

Yeah but looks like you missed the train because safe buy zone was under $1000 where I have grabbed few of them and now a happy holder. Grin

Most of the time when you will buy at peak price you will get stucked with bag holding for years and still some of the BCH holder are at loss because they have bought above $2k or even near $3k. So don't buy when it is pumping hard like right now, wait for some correction than you can make an entry.

But if you are planning to be a long term holder then buying anytime at any price should do and it doesn't matter if you caught up the dump because recovery would be always there but same as you said you would really be got stucked on the price and wait for long time unlike if you do wisely enter into correction times then you will surely see profits on shorter terms and you can able to make shorts and secure profits and then reinvest into other coins.Rinse and repeat this thing will bear fruits.

piloder

legendary

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Yeah but looks like you missed the train because safe buy zone was under $1000 where I have grabbed few of them and now a happy holder. Grin

Most of the time when you will buy at peak price you will get stucked with bag holding for years and still some of the BCH holder are at loss because they have bought above $2k or even near $3k. So don't buy when it is pumping hard like right now, wait for some correction than you can make an entry.

Leonard2016

hero member

Activity: 1036

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I believe that crypto market is bullish in long term , But in long term !
Bch is one of them too but Bch would never be TC and would never take its place it always would be BCH.

Moiyah

member

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I am still in a stage where I am weighing bch over eth. Though they are far different, we can't deny the fact that bch nearly beat eth's place last time. From that, I am aware that bch will stay longer in the market, thus a good time to buy and invest for a long term. They said, BCH will not last longer but I do
not believe the fud since bch is considered as peer to peer electronic cash then it will stay in the market as long as cryptocurrency exists.

xuan87

legendary

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I would say no, bch has a hyped higher than today price, at that point a lot of people say bch is going to solve Bitcoin major problem, like the speed transactions, but in the end all investors are back to Bitcoin, and bch left without any clear intention, now bch only being used for pump and dump, so I will say to avoid bch fro investment, because it is quite hard to predict the price movement

vv181

legendary

Activity: 1932

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I don't think Bitcoin Cash has any value, the only reason why Bitcoin Cash still exists is because of the pump and dumps scheme, nothing much at all. I don't the investment would be profitable in the long run when more people get more educated and acknowledge how scammy BCH is.

AngelSky

hero member

Activity: 1008

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Quote from: Mikado$ on May 05, 2018, 02:53:17 PM

Hello community crypto, I am a newcomer to this market. My initial investment was a few ETH. I notice that in recent days, BCH value seems to increase quite high compared to the general market. > 10%. So, BCH has to be a good investment for long term to hold?

BCH also one of the best potential coin so we should invest in long term it will make big profit in future. But lot of investors are looking to Bitcoin so we should invest in BTC this will more convenient platform. BCH was fastly down in the market but market is recover again so this will raise fastly. Finally BCH is good growing Cryptocurrency in current scenario.

javadevm8

newbie

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Not really a big fan of BCH but I'm partially biased because i hate roger ver.

Herbert2020

legendary

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Quote from: Mikado$ on May 05, 2018, 02:53:17 PM

I notice that in recent days, BCH value seems to increase quite high

you are answering your own question here!
you said it yourself "in recent days". altcoins are like that, they get pumped only in a short time and that makes them good short term investments but terrible long term ones. they can get pumped in a short time, for example a pump that lasts 24 hours and in that window you can make a lot of profit but in the end investors always go back to bitcoin or fiat which matter most to them.

novaprime

sr. member

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UniDApp - it's DeFi time!

Quote from: Mikado$ on May 05, 2018, 02:53:17 PM

Hello community crypto, I am a newcomer to this market. My initial investment was a few ETH. I notice that in recent days, BCH value seems to increase quite high compared to the general market. > 10%. So, BCH has to be a good investment for long term to hold?

Of course if long-term investment, BCH will still have a lot of potential because this coin is considered to be the best growth coins in May since $ 700- $ 1800 and are trading volume is very high compared with other coins. I think BCH future may well outperform Bitcoin and BCH will soon reach $ 20,000 this year

Andrey123

sr. member

Activity: 1778

Merit: 305

Yes, this coin can now grow.
But after a month, he may fall below the price at which he bought, and will not return there.

Predicting the movement of the coin is impossible, there is only risk.

Mikado$

newbie

Activity: 170

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Quote from: crypto1010 on May 05, 2018, 03:20:31 PM

Quote from: Mikado$ on May 05, 2018, 02:53:17 PM

Hello community crypto, I am a newcomer to this market. My initial investment was a few ETH. I notice that in recent days, BCH value seems to increase quite high compared to the general market. > 10%. So, BCH has to be a good investment for long term to hold?

You kind of lost me here, title is talking of BTC and discussion is pointing in the direction of BCH anyway for your information BCH and BTC are two different cryptocurrencies Roll Eyes

otherwise ever since the airdrop of BCH there were speculations that people will dump their coins which will lead to its crash but the opposite happened and bitcoin cash got pumped and surpassed ETH which was suppose to have been the second highest priced crypto coin, tbh cryptos are unpredictable and with BCH being in the class of the first generation cryptocurrencies I wouldnt count on it for long term investments but as I said cryptos are unpredictable, you need to risk a little and see how lucky you can be.

Sorry. I have fixed it. I think Bitcoin Cash (BCH), seems right at this time users have tried to support the BCH in a certain way. I can not identify because it's an easy growth to realize. Or the pumping process has been transformed.

crypto1010

full member

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Quote from: Mikado$ on May 05, 2018, 02:53:17 PM

Hello community crypto, I am a newcomer to this market. My initial investment was a few ETH. I notice that in recent days, BCH value seems to increase quite high compared to the general market. > 10%. So, BCH has to be a good investment for long term to hold?

You kind of lost me here, title is talking of BTC and discussion is pointing in the direction of BCH anyway for your information BCH and BTC are two different cryptocurrencies Roll Eyes

otherwise ever since the airdrop of BCH there were speculations that people will dump their coins which will lead to its crash but the opposite happened and bitcoin cash got pumped and surpassed ETH which was suppose to have been the second highest priced crypto coin, tbh cryptos are unpredictable and with BCH being in the class of the first generation cryptocurrencies I wouldnt count on it for long term investments but as I said cryptos are unpredictable, you need to risk a little and see how lucky you can be.

Fatunad

sr. member

Activity: 2226

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Quote from: Mikado$ on May 05, 2018, 02:53:17 PM

Hello community crypto, I am a newcomer to this market. My initial investment was a few ETH. I notice that in recent days, BCH value seems to increase quite high compared to the general market. > 10%. So, BCH has to be a good investment for long term to hold?

First of all i would like to welcome you into this forum and to this cryptoworld. Percentage gains doesnt mean they are really good to hold of for long term.Always go for the main coin which is bitcoin and bitcoin cash is just a forked coin.It do have value but when it comes to future i would remain still or trust bitcoin no matter what.Just remember one thing on investing to crypto,dont ever go on all in and invest on the money that you can just afford to lose.

Mikado$

newbie

Activity: 170

Merit: 0

Hello community crypto, I am a newcomer to this market. My initial investment was a few ETH. I notice that in recent days, BCH value seems to increase quite high compared to the general market. > 10%. So, BCH has to be a good investment for long term to hold?

Topic: Is BCH an effective investment option in the long run? - page 3. (Read 375 times)