#BCH太子 Bitcoin has broken through $100,000, and BCH, as the prince, aims for $1,000.
Today, I want to talk about BCH, a cryptocurrency that evokes both love and hate. When it was launched, it was extremely popular, much higher in price than Ethereum, and it was a fork led by Bitmain. In an era where Bitcoin is becoming increasingly unaffordable, holding some BCH is also a good choice.
Bitcoin Cash (BCH) is a cryptocurrency that was born out of a hard fork of Bitcoin. The birth date of BCH is August 1, 2017, and its main goal is to increase the transaction speed and scalability of Bitcoin. Compared to Bitcoin, BCH has a block size that is eight times larger, allowing it to process transactions faster. Additionally, the transaction fees for BCH are relatively low, making it a more cost-effective digital currency option.
Whether to hold BCH long-term is a matter of differing opinions. Some believe that BCH has tremendous growth potential and could become one of the mainstream cryptocurrencies. However, others argue that BCH is merely a fork of Bitcoin and has limited value.
In summary: I personally think BCH is decent among altcoins, after all, this coin can be mined, and it can be mined using Bitcoin mining machines. At least coins that can be mined won't go to zero. In 2018 and 2019, Ethereum was below $100, but BCH was above $100 at that time, with a price higher than Ethereum. I hope that one day the market will need other reservoirs, and BCH will have a chance to surpass Ethereum in price.