Do you think Bitcoin cash will reach $1k before the year ends??

[Sincerem]

To be honest with the way that the cryptocurrency prices have been going off the last few months and he expected projections for the next year as well I think that a $1000 mark for the cryptocurrency of Bitcoin cash is not that far off. However if one looks at the actual prices of Bitcoin cash in the past just over the last three to four years the value has dropped quite significantly at the start of that period and then has maintained a value for a while. So this coin is not necessarily following the same trends that we would normally see in Bitcoin. However I think that the low transaction fees and fast confirmation times it's definitely a plus when it comes to using it.

Yeah, the transaction fees in Bitcoin made people to reiterate their ideas using the lower transaction fees coins. Like, BCH, XRP, LTC etc. They are very comfortable when one is transacting to another wallet.

 

[BrolySSJ]

Yeah, the transaction fees in Bitcoin made people to reiterate their ideas using the lower transaction fees coins. Like, BCH, XRP, LTC etc. They are very comfortable when one is transacting to another wallet.

I am quite curious however as to why bitcoin is not addressed the transaction fee issue that many have when it comes to making transactions with their coins. A lot of the cryptocurrencies that are out there are actually addressing this and having something like bitcoin cash which is so closely related in name to Bitcoin would seem like a reason to try and compete between the two and to try and lower their transaction fees as well.

 

[iamgroot]

No one knows, it can happen or it can not. Because we know the movement of crypto, not only bitcoin cash will change quickly, second by second. But I hope the BCH reaches that price according to your thread, because BCH is also one of my favorite crypto because like Ripple, its transactiom fee is very low.

 

[Goodday]

It very possible bitcoin cash can reach that 1k dollars before the year ends but that isn't certain too. I believe it was also following the bullish run of the general market and it will surely correct in some of time and now start the rally again if possible and and with that it might now be going towards the 1k dollars target.

 

[Zevin]

In around 2018, Bitcoin Cash was just about $2K. Then suddenly price began to go down. These the price is not stable, about a week ago, it was more than$550 and now it is around $400.If the prive continue to fluctuate, I don't think bitcoin caah will be $1k by the end of the year.

 

[Sincerem]

I am quite curious however as to why bitcoin is not addressed the transaction fee issue that many have when it comes to making transactions with their coins. A lot of the cryptocurrencies that are out there are actually addressing this and having something like bitcoin cash which is so closely related in name to Bitcoin would seem like a reason to try and compete between the two and to try and lower their transaction fees as well.

I don't think Bitcoin transaction fees will go down any time soon. As long as the price of the coin is high and people always transacting steady with the coin. Instead of you facing the hassle of transacting through Bitcoin you can redirect your transactions towards Bitcoin cash. It has low gas fee transaction.

 

[BrolySSJ]

I don't think Bitcoin transaction fees will go down any time soon. As long as the price of the coin is high and people always transacting steady with the coin. Instead of you facing the hassle of transacting through Bitcoin you can redirect your transactions towards Bitcoin cash. It has low gas fee transaction.

This is what I am most likely going to do in the future as bitcoin cash is often quite widely accepted by crytocurrency merchants as well. However in my opinion I don't get why they would accept bitcoin cash considering the fact that there is such volatility in that coin and the price of the coin is constantly changing with quite drastic amounts at that. It does not seem a good coin to accept as a merchant and seems very risky.

 

[Kamon c4]

I don't think so
The number of transactions in the network hasdropped from 90,000 to 56,000. This astonishing decline in economic throughput has resulted in lower revenues for the miners. Currently, BTC Cash miners get only 0.05% of revenues from the transaction fees.

This is true. There’s a massive decline in the block transaction. Last year, there was a great development for bitcoin cash experiencing one of its highest rate in a while. Bitcoin cash miners are finding it difficult to mine BCH yet their commission is very Lowe

 

[mizzzlotam]

I hope so too. With the increasing demand of Bitcoin daily, it might just cross that mark this year. The world is warming up to the idea that it is a safe form of transaction.
[automerge]1611760839[/automerge]
I hope so too. With the increasing demand of Bitcoin daily, it might just cross that mark this year. The world is warming up to the idea that it is a safe form of transaction.

 

[Chumzy]

Bitcoin cash is a very good currency and it is growing with so much prospect. The only problem is that it's growth is tied to bitcoin and how it performs in the market. That being said, if bitcoin hits a certain mark of maybe a hundred thousand dollars, then it is possible.

 

[Adetayo100]

With the rate Bitcoin is going right now and if last year is anything to go by then I think it will supercede the 1000k mark. So many factors can determine the volatility of the price. It is highly unlikely though.

 

[Henrywrites]

It seems a lot of people are investing in bitcoin cash. The low transaction fees is a big advantage it has over bitcoin. I believe that bitcoin cash might hit $1k by the end of the year but that depends on whether more people will keep going for it.

I believe that it is going to rise close to $1k before the end of October. This is something that I fully believe in and for that reason, I have invested in it. Bitcoin cash is getting popular and anyone with money should invest on it and expect returns by the end of the year.

 

[Patrik]

everything is possible, but that's a kind of far thing, considering that people go for Ethereum as a bitcoin alternative instead, so not that much of people are focusing on it as an investing cryptocurrency

 

[Sotherefore]

I do not believe that bitcoin cash will crash back to the price you have just mentioned because most of the cryptocurrency that are going up are cryptocurrency with good potential and bitcoin cash is also a cryptocurrencies with good potential, I don't think there's a possibility of falling back to that price.

 

[Suba]

Although Bitcoin Cash (BCH) is a very good long-term investment, in my opinion it seems that the price of BCH at the end of the year has not reached $ 1k, but there are also people who predict the price of BCH by the end of the year will reach above $ 1k.

 

[Niftyyem]

It would be impressive if bch is able to achieve the $1000 mark but it would be tantamount to deceiving oneself if we don't acknowledge the fact that it all depends on the performance of bitcoin.
Since btc has been declining, so also has bch declined and even some other coins too.

 

[Xerryl]

This is Crypto and we can't actually predict the future price of any coin it token. Though Bitcoin cash is increasing in value by the day, this might be due to the influence of Bitcoin itself. it can appreciate in price to over $1k, but it's not certain.

 

[Hasan Raza]

As we know there is a great volatility in Cryptocurrency as seen at the end of last year and in now a days.
Specially these days there is much fluctuation on daily basis because someday it goes higher and the next day it goes down. Today again it crashes 4.28%. hope so at the end of this year it will touch $750 or a little bit up and down.

 

[Dapoyemi]

Yes bitcoin cash has the capacity to get to that level it's just like bitcoin did with its last price, no one expected it but all of a sudden it had a huge turnover what I believe and know in the world of crypto is that anything can happen. As long as btc is increasing bitcoin cash will also do the same

 

[Emma Aneni]

With the rate at which Bitcoin is increasing and the way people are investing in it I think it'll be more than $1k even before the year ends. It's fast arising each day and a lot of people are into it it's really making waves all over the world.