Bitcoin Cash - Money Making Opportunity or Blunder?

For those of you who follow bitcoin, there will be a hard fork for bitcoin on August 1 of this year. This Hardfork has resulted in developers who code Bitcoin to come up with another Alt Coin called Bitcoin Cash or BCC. Bitcoin Cash is basically offering efficiency and protection within the BCC cryptocurrency space. However What I will discuss in this Article is if its potential winner in the long run or will it fail due to the lack of integration in everyday life.

Bitcoin as we all know, especially if you are reading this within the Steemit community, that it is a cryptocurrency. Its value not only comes from its multi million dollar market cap, enduring integration with supermarkets and small scale businesses, but also comes from a long time loyalty from its fans or those looking to obtain BTC and sell off. The point is that BTC is has a long standing of having money in BTC from and being able to send, receive, and purchase real goods with it. By having BTC you are holding onto cash in digital form. This cash could be stored on your laptop or phone via wallet. With that being said, as an investor whether it be in the form of mining or using real world money or fiat to purchase more BTC this is a good deal.

Moving onto Bitcoin Cash (BCC) will pose a few more challenges. BCC just like any other alt coin will see its rise and fall due to the developers ability to work with the existing Bitcoin blockchain or find a way to market the alt coin to serve a purpose and hopefully others will invest in it too. My hunch with BCC is that, although speculative, if you have money , drop a few hundred or thousands, and get some while its super low. However to get your hands on it now it will cost you 400 USD. While BCC and BTC will try to re-stabilize itself and try to become more integration other than security and proof of work etc etc, the investment opportunity will be there in the form of other nations utilizing not only these two cryptocurrencies but the trust of the people placing or storing their wealth into the crypto currencies.

Some ways to make this work for you under the perspective of speculation is to either get loan or actually put in your hard earned money and just ride it up then sell to a specific high. Then if it doubles, sell off, pay back your loan and claim your profits.

The Blunder in it is if BCC actually crashes, which I doubt it will since it still carries the Bitcoin name, but that users still stay loyal to BTC crypto. However There is more opportunity than blunder that i can see. Other forms of Blunder will probably another hacked exchange, or some entity buying up all the BCC which will raise the price of BCC, than a huge sell off, which will lower the price of BCC.

The strategy you use with the ideas presented in this article are totally up to you. Be vigilant and do your reasearch.

-SW