23 Feb Evaluating The Performance Of Bitcoin Cash (BCH) In A Volatile Market
Bitcoin performance evaluation (BCH) in volatile market
The world of cryptocurrencies has experienced considerable volatility in the last year and many large cryptocurrencies see that their prices are wildly fluctuating. In this article we appreciate the performance of Bitcoin Cash (BCH), popular altcoin and the original bitcoin chain of hard fork.
What is Bitcoin Cash (BCH)?
In 2017, Bitcoin Cash created an individual or group of people who wanted to increase the limit of the Bitcoin network block size. The aim was to facilitate miners to secure the network and reduce the transaction fee. BCH was launched on August 1, 2017 and gained remarkable traction as a competitor of Bitcoin.
How do bitcoin money work?
Bitcoin Cash is based on the same blockchain technology as bitcoin, but with some main differences:
* Block size : BCH blocks are larger than bitcoin blocks that allow you to process the transaction faster.
* transaction fee : BCH transaction fee is lower than Bitcoin, making it easier to make a large amount of money.
* Mining
: The mining process is similar to bitcoin, but the reward of the block will increase to 10,000 new bitcoins in one block.
Bitcoin Cash (BCH) Performance on Volatile Market
Despite the popularity and widespread adoption, BCH has experienced considerable volatility over the past year. Here are several key performance indicators:
* Price : The price of BCH varying wildly, with an average change of about 10-20%.
* Return of investment : BCH price has returned on average at -60% over the past 12 months (ie J. Investors lost $ 1 for each invested dollar).
* NUTYSE Index : The volatility index that measures market volatility has increased significantly over the past year. In April 2020, the BCI volatility index reached the highest level of 500%, making it one of the most stable cryptomen in history.
BCH Vitivant Main Deaders
Several factors contribute to BCH volatility:
* Regulatory uncertainty : Cryptomena’s regulatory environment is still unclear and unclear, causing prices fluctuations.
* Mood in the market : Seniment investors may change quickly, influenced by reports and statements about the crypto market.
* Network overload : High network overload can cause an increased transaction fee that can further reduce prices.
Comparison of BCH performance with other cryptomes
BCH recorded considerable volatility compared to other cryptomes. For example::
* DOGECOIN (DOGE) : Despite a relatively stable price of approximately $ 0.10, Doga lost more than 90% of its value last year.
* Litecoin (LTC) : Litecoin price fluctuated from $ 100 to $ 200 per coin, making it one of the poorest cryptocurrencies.
* Monero (XMR) : Monero price has recorded considerable volatility with an average daily change of approximately 5-10%.
Conclusion
Finally, Bitcoin Cash (BCH) is a high high -risk cryptocurrency that has experienced considerable volatility in the last year. Although it can be attractive to investors looking for stable and potential lucrative investments, its prices fluctuations cause investors to be very closely approaching.
In order to reduce risk, investors should:
* Diversify your portfolio : You spread the investment into several cryptocurrencies to reduce exposure with one particular property.
* Set clear goals : Define special investment goals and customize portfolios accordingly.
* Stay informed : keep track of the trends and market reports to make conscious investment decisions.
Reneeing of responsibility
This article is only for information purposes and should not be considered an investment in tips.
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