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This fork of Bitcoin, at one time, made a lot of noise. After all, its creators positioned themselves as holders of the real Bitcoin. It was the BCH coin, in their opinion, that was the original Bitcoin. In August 2017, this fork happened and all Bitcoin holders received exactly the same number of BCH coins for free. At first, they cost about $ 100 per coin. But after 3 months, in December, the Bitcoin Cash coin recorded its personal all-time record. Its price soared to $ 3,785.
The real Bitcoin rose in price to 20 thousand, thereby letting everyone know that it was the original.
After that, a bear cycle came and the Bitcoin Cash coin collapsed to $ 86. The real Bitcoin then also collapsed to 3,000.
Everyone was waiting for the next bear cycle. And here it came in December 2017. Bitcoin soared to 65 thousand, and what about our BCH coin?
It behaved in a very strange way. Half a year before the bear market in May 2017, Bitcoin Cash rose in price to 1500 dollars, and then when the whole market began to grow in December 2017, BCH, on the contrary, fell to 400. Now its life did not depend on the trends of the crypto market. This is more bad than good.
Which was proven in 2024. The next bull season came, and our Bitcoin Cash coin, having risen in price at the beginning of the year to 695 dollars, slid to around 300. Let me remind you that Bitcoin set a new record of 73700 this year.
Bitcoin Cash is a real dark horse. It can only be bought for an experiment.