Bitcoin Cash in the markets
Since the infant cryptocurrency launched it had more than doubled in value
from the initial Bitcoin
Cash price of $300 to over $600. Investors are wondering if this could be
labeled the ‘new king of
cryptocurrencies.
But Bitcoin Cash got off to a slow start in the beginning. If it was not for
the Bitcoin Cash mining
algorithm breathing life into the new instrument, it would not seem as
attractive to profit-seeking
computer miners.
Once the finance markets got wind of this jump and rise in the rate at which
the ‘blocks’ were being
produced (known as hash rate), traders and investors started to bid up the
BCH price, hence its rise
in popularity.
5 Facts You Should Know About Bitcoin Cash
- Created from a hard fork of Bitcoin and
expected to have
quicker reactions to transactions, the
Bitcoin Cash fork occurred at block 478,559.
- Despite its reasons for creation and its
origins, the BCH coin
is considered an altcoin for now.
It is not Bitcoin and has no direct connection to Bitcoin’s value.
- Having said that, Bitcoin Cash is its own
currency and is
useful in that it functions just as
Bitcoin does only faster due to the increase in its block size.
- When the hard fork occurred, the coin
held no value at all and
investors were able to gain ‘free
coins’ – from the split of Bitcoin. As in this case, Bitcoin Cash
saw major changes in the
market and managed to secure its place in the ‘top coins’ listing by
market cap in November
2017.
- Investors have speculated that Bitcoin
Cash was created only
because high fees and slow
transactions would destroy Bitcoin, and not because Bitcoin was
reaching its maximum output
of
blocks.
Why Trade Bitcoin Cash with Xcloudmultipro
- We offer Bitcoin Cash CFD trades with up
to 20:1 leverage
- You can start trading Bitcoin Cash from
as little as $100
- Trading the volatile BCH coin is an ideal
addition to any
financial trading portfolio
- Trade Forex, equities, commodities along
with cryptocurrencies
from one account
- Xcloudmultipro offers Bitcoin Cash trading
around the
clock, for your convenience
- You can SELL Bitcoin Cash (go short) and
potentially profit
even when the Bitcoin Cash price is
on a downtrend
- Enjoy live language-specific customer
support around the clock
- Xcloudmultipro offers zero commissions on
Bitcoin Cash
trading and no bank fees charged on
transactions
- Zero exposure to hacking or theft simply
because you don’t
actually buy or sell the
cryptocurrency
- Xcloudmultipro is regulated on 5 continents
- Execute trades on the MT4 platform in
just 3 clicks, free from
the complex crypto purchasing
process
- Auto trading solutions are also available
We are Here to Help You Trade Bitcoin Cash
Xcloudmultipro offers you the opportunity to BUY (go long) or SELL (go
short) on all Bitcoin
Cash trades. This service is available to you 24/7. You can use your
preferred trading
strategies
regardless of which way the currency is moving.
We encourage you to learn more about Bitcoin Cash trading by visiting our
trading conditions
&
charges page.
Please note: The cryptocurrency market’s high volatility offers endless
trading opportunities.
Don’t miss your opportunity to trade Bitcoin Cash with one of the
best forex
brokers.
Due to price fluctuation, certain crypto pairs may be suspended and/or
removed from our trading
platforms periodically.
When trading with Xcloudmultipro you are trading on the price changes of the
digital coin,
and
not physically purchasing it.
The maximum accumulated position size for Bitcoin Cash is $200,000
notional value, details in our
Conditions and Charges page.
