The past few weeks have been a crazy ride for Bitcoin investors. The rapid climb since last year has mad many holders very happy, and the fluctuation has done the same for Bitconnect users like me.
Without going too far into complications it's easy to say that the hype for the rise in Bitcoin price has stopped. If you've ever wanted to sneak your way into investing in Bitcoin now is a good time to start looking. Of course, always do your own research, but it has taken a substantial dip within the last few days. Whether this dip will continue or it will bounce back, we don't know, so if you are new to investing and want to get in now I suggest you buy only 50% of what you are able to right now and wait a few days to invest the other 50%.
Meanwhile, the creation of Bitcoin Cash seems like a promising investment. If you've visited CoinMarketCap.com within the past day you know that most altcoins are taking a hit.
This is what the top coins look like as of 11/10/17. As you can see bitcoin cash (bch) is doing fairly well especially in comparison to the others. This was most likely tied in with s2x, and it is very likely that people are going to continue to convert to bch for at least a little longer.
Is now a good time to buy Bitcoin Cash?
In short, yes. Many predict that people will continue to buy into bch for the time being. It has room to expand and can handle it at the same time. Although, in my opinion this coin will stop rising at the rate that it is very soon. Buying into this coin today would most likely, most likely, provide you with a decent percent increase within the next few days and maybe more, but it is likely to level out similar to how similar to how ETH did.
Should I invest in Bitcoin or Bitcoin Cash?
As always, it depends. If you are looking for a short term gain it may be profitable to purchase some Bitcoin Cash but it is risky. Meanwhile, if you have some time to spare Bitcoin may drop down some more but will almost definitely rise back in the coming months and years.
Like always, this is simply my opinion and I would love to know yours. What are your predictions, what are you investing in today, and if you have any tips for myself or others feel free to comment! Thanks.