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Bitcoin – BTC Bitcoin Cash – BCH HUGE BITCOIN CASH NEWS! BCH Breakout and Price Prediction Hey everyone this is Dean with DCA crypto today I’m going to cover Bitcoin cash for you guys I want to take a look at this one and go over the price action that’s been happening with it recently with the pump that it’s had kind of go Over the project in general as to what it what it’s all about and I appreciate if you guys would subscribe to my channel hit that notification Bell and if you like this video give me a like as well it really helps with the YouTube algorithm all right guys let’s jump into It all right Bitcoin cash currently at 195 dollars it did pump up to around 220 recently and there’s been some news behind this one that I’ll get into in just a minute uh Bitcoin cash is actually a fork off from Bitcoin uh back in 2017 they they forked off from it Because there were some people that had uh concerns about bitcoin’s Network and whether it would be able to handle the transactions in the future there was a lot of complaints about how slow Bitcoin is and some other issues with it and they decided to Fork off and create Bitcoin cash so it has the same Max supply of Bitcoin 21 million so it could if it reached bitcoin’s market cap be the same price now obviously this isn’t Bitcoin so it’s not going to get to bitcoin’s market cap more than likely but I did want to cover some things that Are going on with this that make it an interesting project to be invested in I know a lot of people are interested it some people hate Bitcoin cash they call it Bitcoin trash but there’s a lot of things that a positive things that that’s going on with this one so I do Want to take a look at it go to the website here Bitcoin cash is a peer-to-peer electronic cash Network it’s fast transact in seconds and I think they said they’re doing like 32 megabyte blocks now and I think they were doing about 25 times faster than Bitcoin if I remember correctly it’ll Probably it’ll probably show on here uh simple easy to use reliable stable low fees secure basically says send money to Global globally for pennies a network that runs without congestion Bitcoin cash brings sound money to the world fulfilling the original promise of Bitcoin as a peer-to-peer electronic cash Merchants and users are empowered with low fees and reliable confirmations the future shines brightly with unrestricted growth Global adoption permissionless Innovation and decentralized development all right so they’ve got a bunch of different wallets that support it why use Bitcoin cash well you can send money anywhere in the world for pennies Basically almost for free be your own bank have full control of your money and it’s a scarce digital currency with a known fixed Supply which is a positive thing enjoy exclusive discounts at certain Merchants for paying and Bitcoin cash support Freedom worldwide and empowers you to gauge with your fellow human Beings without intrusion it’s decentralized voluntary and non-aggressive it does have some positive things to it ultra low fees no chargeback new customers uh growing number of patrons use Bitcoin cash as a preferred payment method they favor payments uh their favorite Merchants who offer this payment option and actively seek Them out this article here is from cryptonews.com the reason why it’s pumping here this article covers an extraordinary price surge soaring over 75 percent in a mere week I think that was like up like 80 or 90 actually this notable Ascent has been accompanied by a substantial inflow of 1.2 billion in trading volume Bitcoin Cash’s recent uptrend can be largely attributed to its listing on the edx exchange and the edx exchange is basically a prominent Financial insta it’s supported by prominent financial institutions such as Fidelity Schwab and Citadel so that’s why everyone’s been so bullish about this recently is because It got listed by edx so it’s caused a surge in Bitcoin cash because of this so uh there’s a lot of interest flowing into it now because of this possible Mass adoption of Bitcoin cash it is very good news for it the old school Bitcoin had a hard Fork this is a dailyhotel.com Uh June 24th pumps by 82 percent this week amid from Wall Street backed exchange and basically they’re just talking here about edx picking up bch it’s getting a lot of attention because Charles Schwab Citadel Securities Fidelity digital assets Paradigm Sequoia capital and virtue Financial all kind of Back this thing and they listed like ethereum Litecoin uh Bitcoin they also offer those as well because Bitcoin cash wasn’t listed as a security that’s also helping it out with this recent price surge so if we look at the history on bitcoin cash here I think it got up to like about 1500 so hit fifteen hundred dollars back from the last Bull Run the highest it’s ever gone is I think like thirty seven hundred dollars somewhere around there back in uh 2017-2018 and it hasn’t hit that you know didn’t get that high in the last Bull Run so it’s hard to do a real price prediction on this one as to whether it’ll surpass its last all-time high of fifteen hundred dollars in the last Bull Run that would be about a seven and a half X from its current price and then if it if it Actually got up to its old all-time high let’s say it got up to like 3 600 that would be like a 18x from its current price so it’s hard to say what it could do in the next Bull Run I guess it all depends on if there’s more Adoption of this or or if this uh listing on that exchange gets it gets it pushed up that high it’s hard to really say I guess we’ll have to kind of see what unfolds with Bitcoin cash now do I think Bitcoin cash is a good investment I don’t think it’s a bad investment I think it’s I think it’s a good investment uh if you’re looking for something that’s fairly safe and that will probably do well in the next Bull Run I don’t know if it’ll pump as as much as some other projects that I think Have more potential but I don’t think it’s a bad investment uh would I buy it today no I wouldn’t buy it today with a 200 pump recent or you know pump to 220 recently it has corrected a little bit now if it got back down in the 150 to 160 dollar range then then I would consider maybe picking some up if I were are looking to buy some now it’s possible that Bitcoin cash gets a lot of backing behind and just absolutely explodes in the next full run but it’s it’s really hard to say with this one so It’s kind of hard to do a real good price prediction on it so Bitcoin cash could do really well it’s hard to save and I know a lot of people are out there they see this is the thing that you guys really have to remember and get get it in your brains guys Everyone sees Bitcoin cash pumping and Avi and some other ones and they want to you know Pepe’s pumping right now they want to jump in on it because they’re afraid of missing out it’s called fomo if you’re missing out that’s when you don’t want to buy guys be patient if Your coin hasn’t pumped yet just wait it’s going to get its time it may be a year from now or two years from now but if you sell your coin and jump into this one and let’s say it corrects from 200 down to 150 you just lost 25 percent of Your funds so there’s you know it could pump higher but it could not you know I mean it’s it’s gone up like a hundred percent in the last week or so I was just down to a hundred dollars recently so you gotta really keep that in mind And when we get in closer to the Bull Run um this is going to be happening daily you’re going to see coins pumping freaking crazy out of nowhere and it’s not going to be your coin sometimes a lot of times it’s not going to be your Coin because there’s so many of them and you’re gonna be like oh man I gotta my stuff’s just sitting here doing enough and I’m gonna I wanna sell this and jump into this one because this one’s pumping I want to be on this train and ride this Wave up and then you do that you sell your coins and the one you jumped into has a correction and you just lost money and by the time you go to buy your one the one you had before you’re already down funds and you go to jump into it And maybe it’s already pumped now between you selling it and jumping into the other one so you really have to be careful that’s why I I preach dollar cost averaging and buying in the corrections and buying the dips that that’s the safest move I know it can be boring But trust me guys it’s it’s better to be boring than to be you know freaking out and stressed out because you’re losing money that’s just my opinion and my strategy and hopefully that makes sense to you guys I know when I was in the last bull run this happened to me all The time when I was first starting out I would see these coins pumping and I would want to just jump into them and every time I did that I lost money and finally I gotta I had to get it in my head like stop stop chasing the pump Stop chasing the green candles you know it’s the worst thing that you can possibly do so keep that in mind be patient you know if your coin isn’t pumping it isn’t it isn’t it popping it’s not pumping there’s nothing you can do about it yeah yeah it can it can Really suck watching other coins pump that you’re not in but you know that’s just the safest thing to do is to be really careful with your funds and only only buy something when it’s down and had a correction and as low and wait for it to pump But it’s also also you want to have you know at least five ten coins or tokens in your portfolio so you’re spread out so maybe one or two of them will pump you know and then the other ones sit there for a while and then you know then Those will pump it just you just never know what’s going to pump but you know you just got to be careful what you’re doing so you don’t lose money and keep keep that in mind again I really appreciate you guys for subscribing to my channel if you haven’t subscribed yet Please subscribe and hit the notification Bell give me a like if you like this video I try to put out quality videos for you guys I’m going to continue to do that every day if I can I’ll just try to try to keep getting these out daily for you guys I got the Free telegram the link is in the description of the video and it’ll be in the pinned comment for me as well so that that’s pretty much all I’ve got for this video guys I appreciate it and we will see you on the next one thanks Do it In today’s video I’m going to cover BCH and why it has had a recent pump.Thanks for watching! PLEASE LIKE AND SUBSCRIBE! Please comment below! I’m looking forward to hearing from you! Join the DCA Crypto Community Telegram: https://t.me/DCACryptoCommunity “The Art of Mastering Crypto” eBook: new link coming soon Wallets: Ledger Hardware Wallet: https://shop.ledger.com/?r=09fce944032f Exodus Wallet: https://www.exodus.com/ Referral Code: LZN1WZ MetaMask: https://www.metamask.io Trust Wallet: https://www.trustwallet.com Phantom Wallet: https://phantom.app/ Website links used in the video: https://www.coingecko.com/en/coins/bitcoin-cash https://dailyhodl.com/2023/06/24/old-school-bitcoin-hard-fork-altcoin-pumps-by-82-this-week-amid-support-from-new-wall-street-backed-exchange/ https://cryptonews.com/news/bitcoin-cash-price-prediction-as-12-billion-pushes-bch-up-75-week-whats-going-on.htm https://cointelegraph.com/learn/what-is-bitcoin-cash-and-how-does-bch-work-a-beginners-guide This is my personal opinion and strategy and is not in any way financial advice for anyone.Please do your own research on anything you choose to invest in.This channel and its content is not intended for any investment or legal advice.Please do your own research and due diligence before investing in any cryptocurrency or other investments.source.