I'm a very noob when it comes to cryptocurrency and things related to it, and started my journey as a crypto trader running the risk of buying some bitcoins to trade. Things got more interested when the Bitcoin price drastically spiked last couple of months, and, of course, I made some considerable amount of money out of it at the time, it felt me like I started on trading in the nick of time. At the time, there were some news spreading about the positivity of Bitcoin Cash, and also it was its high peak. Then I immediately converted all of my Bitcoin that I had at the time to Bitcoin Cash, and waited it to go more upward.
But, unfortunately, things haven't been well as I expected in the recent months, it's only crashening. But with the recent spike happening with Bitcoin, there're a little hope that Bitcoin Cash finally go up. I want to know about what are your opinions about Bitcoin Cash, and, hopefully can we expect it to be a life saver or is it just a dying coin with no future?
Bitcoin cash has no long term future that I can think of.
There's going to be a ton of fork coins of bitcoin, both at the present and in the future. Bitcoin cash is just one of them. I think when you bought in, there was a lot of people screaming that bitcoin cash was going to take over bitcoin's spot, and that was when bitcoin cash was nearly $3k each.
That's just absurd pricing in my opinion. If you're already in that deep, then I suggest holding for the next pump, and dump your coins. Because honestly, if you want to invest in the long term of cryptos, you don't want to be in BCH. You made a dumb decision cashing out your BTC for BCH.