Bitcoin Cash long term trend is down
We dont have a lot of data from bitcoin cash yet, but the technical charts do show us a negative longterm trend. BCH is currently trading at an old resistance level, now functioning as the support zone for the coin, but a break under this support line ($400), indicates a much lower value for the coin.
I have sold all my bitcoincash and moved to Litecoin instead.
If you have another approach to the bitcoin cash value, throw a comment.
Best crypto regards
Dreamer
Nice... curious, why to ltc instead of btc?
BTC is only my store of value. It's not good for many small transactions. I'm using my LTC for that.
I have BTC too . just the whole purpose of bitcoincash was to give people the possibility to make a lot of small/big transactions, but it's not really a good idea when the coin is going to the floor.
Wouldn't that be the same case for your LTC as you mention of Bcash? If the value fluctuates more (currently btc 6% up, ltc 1% down), what matters the cheaper fees? You can also use customised fees and wait a bit longer making the transactions much cheaper. But each to their own. It's why there's a silver market still, right? :)