Bitcoin Cash (BCH) Price Analysis (May 19, 2018)

Despite the fork, Bitcoin Cash continue to slide. In the last 24 hours for example, it is down nine percent adding on to their weekly 13 percent loss. It might have been because of the mixed reaction following the upgrade from 8MB to 32MB happening at a time when the average daily transaction is around 20K at 80kb per block. When Bitcoin Cash shall utilize full capacity and fill 32MB per block we don’t know. Considering competition especially from Bitcoin and Ethereum-the latter plans on sharding, it might take a while before that happens.From the NewsIs Bitcoin Cash a wonderful product? Absolutely! Will it replace Bitcoin and dominate the crypto world? Well, maybe, who knows! For investors, speculators and traders, waiting on the sidelines and timing good entry positions can be prudent than trading with every slight swing.

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