Our Bitcoin Cash price charts are an easy reference for current BCH prices. In addition to displaying the current live BCH price, our interactive charts allow you to examine historical Bitcoin Cash prices.
Above are live BCH price charts.These charts are available on various time frames, and may be useful for both short-term traders as well as long-term investors. Charts can be used to spot trends in the price of an asset, or to try to identify overbought or oversold market conditions. They may also be useful for spotting tradable patterns in the market. We also offer pricing charts for ethereum prices, litecoin prices, ripple prices, dash prices, bitcoin prices, monero prices, iota prices, and nem prices.
BCH is the symbol for Bitcoin Cash. This cryptocurrency is the result of a hard fork in Bitcoin that took began circulation in August 2017. Bitcoin Cash, like Bitcoin and other cryptocurrencies, is designed to provide a cost-effective and simple payment solution. Bitcoin Cash is listed on numerous cryptocurrency exchanges, and has continued to gain market share since its inception. Prices for BCH really began taking off in November 2017, climbing from less than $1000 to over $4000 in a short period of time.
Short-term traders and long-term investors have been attracted to BCH and other cryptocurrencies, as the outlook for this form of digital money seems to be encouraging. Being listed on several key cryptocurrency exchanges, BCH can be easily purchased and sold, even on a short-term basis. Long-term investors can also choose which exchanges to make purchases from.
Although there may be possible opportunities for short-term profit, many investors in BCH are taking more of a long-term view. The cryptocurrency market is still in its early stages, and there is no telling how popular these currencies could eventually become. Although BCH and other cryptocurrencies are currently accepted by some merchants, they remain far from being considered “mainstream.” If BCH becomes more widely accepted and builds a solid track record of reliability and security, there is no telling how high prices could potentially go.
The limited supply of BCH could also fuel higher values. If demand rises without the possibility of an increase in supply, investors could bid prices higher as the laws of supply and demand drive the market. Investing in BCH and other cryptocurrencies can even be done in a cryptocurrency IRA.
Long-term investors can find charts just as useful as short-term traders. In the case of a market that is trending higher on the chart, investors may look for pullbacks to add to positions. Charts may also be useful for examining various technical patterns that could be used as buy or sell signals. A head-and-shoulders bottom, for example, could potentially trigger a buy signal if prices complete the pattern. Similarly, a double bottom on the daily, weekly or monthly chart could also provide a potential buy signal if the pattern is completed.
Long-term investors will likely not focus their efforts on smaller time frames such as 30, 60 or 240 minute charts, but will rather be more concerned with daily, weekly, monthly and even yearly charts.
The short answer is no. Cryptocurrencies are decentralized, meaning there is no central authority that maintains control over the network. Derivatives contracts or ETFs based on cryptocurrencies, however, are regulated. As these products become more popular among investors, there could potentially be attempts at some type of regulation.
Yes. Due to the fact that cryptocurrencies have little to no correlation to other asset classes, they can potentially add diversification to a portfolio. As with any other type of investment, however, you should carefully consider the potential risks and rewards before investing. Another simple way to add even more diversification is to split up your cryptocurrency investment capital and invest in multiple currencies.
BCH and other cryptocurrencies can potentially provide a number of benefits compared to other payment methods. Payments made using BCH can be fast and may be highly secure. Unlike with a credit card, there are no foreign transaction fees when paying for something in another country, and the costs associated with such transactions may be lower than paying by bank wire or ACH. Using BCH or other cryptocurrencies also eliminates the need to perform currency conversions. Cryptocurrencies offer a highly efficient payment method that can be used anywhere in the world, and may provide a great deal of convenience for users. Due to these and other potential benefits, BCH and other cryptocurrencies could eventually become a much more widely used means of payment and remittance.