Bitcoin Cash Prices

The Bitcoin Cash price has been moving up and down during the day trades, with a range of $500 and greater, as it moved between over $1000 USD on Bittrex, and into the lower margins in the $350 to $450 price range on most of the other markets. First of all, it is a great success to see such a smooth transition, and the trade volume on these markets is just another solid example of how investor confidence has been renewed.

While some traders who stored their coins on the Blockchain may be disappointed, there is no room for remorse, as everyone knows that the markets always fluctuate and move up and down. And since most of the bitcoin that was stored on the exchanges, after the fork, it was evident that traders had more assets to work with, and some traders used their Bitcoin to buy Bitcoin Cash, and then sell it after it climbed, while others are simply in “hold mode” – keeping both their BTC and BCH.

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One of the trends that seems to be evident is a small rise in altcoins, as investors who moved into Bitcoin before the Bitcoin Cash Fork, are now selling off their Bitcoin and Bitcoin Cash and buying back the Altcoins they down-sold prior to the fork.

One of the best things about the Bitcoin Cash News is that the coin is making steady gains as it gains popularity in the Bitcoin and Altcoin markets amongst traders who see it as a greater store of value than Bitcoin, which may be higher priced. Other traders disagree and are holding their Bitcoin, as well as selling off some of their BCH for BTC.

According to the Bitcoin Cash Website, there are some structural improvements to the coin, including a larger block size:

“New Features
Block Size Limit Increase – Bitcoin Cash provides much needed relief to users with an immediate increase of the block size limit to 8MB.

Replay and Wipeout Protection – Should two chains persist, Bitcoin Cash minimizes user disruption, and permits safe and peaceful coexistence of the two chains, with well thought out replay and wipeout protection.

New SigHash Type – As part of the replay protection technology, Bitcoin Cash introduces a new way of signing transactions. This also brings additional benefits such as input value signing for improved hardware wallet security, and elimination of the quadratic hashing problem.”

The real question is, are any traders moving into the Altcoins and trying to get in on the Bitcoin Cash price spread before it corrects across the markets?

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