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If You Purchased 'Bitcoin Cash' One Week Ago ...
December 23, 2018
... you're sitting on a 140% gain.
Because over the span of the week, the price of Bitcoin Cash rose from ~$82 (on Sunday, December 16) to $197 (noon on Sunday, December 23) - a $115 differential. That's great if you're a trader.
But what if you're more of an investor? Not so grand. Let's compare today's price to a couple of earlier markers:
- On Wednesday, December 20, 2017 - one year ago - Bitcoin Cash hit an intraday high of $4,092. When compared to today's unit price of $197, this cryptocurrency has dropped in value by $3,895 (or 95%).
- On Wednesday, November 7, 2018 - 1-1/2 months ago - Bitcoin Cash had an intraday high of $616. When compared to today's unit price of $197, this cryptocurrency has dropped in value by $419 (or 68%).
Note: Prices obtained from CoinMarketCap.com.
FINANCIALISH TAKE AWAY. All this talk about Bitcoin Cash (BCH) might be somewhat confusing - for starters, what's the difference between Bitcoin Cash and Bitcoin (BTC)? Well, they're not interchangeable names for the same cryptocurrency. The are different cryptocurrencies operating on separate and unique blockchains. As far as which of the 2 cryptocurrencies might be better, I'll take a pass on explaining - being a cryptocurrency novice. But the debate is intense and, according to some internet posts, much of it relates to the issue of scalability - a technical reference that pertains to capacity and processing speed of each blockchain.
For a brief explanation, click on the following Investpodia post, Bitcoin vs. Bitcoin Cash: What's the Difference?]
