Bitcoin Cash can be deposited in the Litecoin Card and it can be converted for spends to enjoy the real world utility for the crypto in places where major credit cards are accepted.  This is one good news.

Meanwhile, it just looks like the selling pressure on Bitcoin Cash (BCH) is building up.  Reportedly, about 10 whales seemed to have left the network contributing to a 5.6% decline as on August 01, 2020, they seemed to have cashed out to make profits.

If Bitcoin Cash (BCH) or any other cryptocurrency will bring back some decent returns, investors would not get stressed out.  When it comes to analyzing the edge in profit making, it is important to know about how the market will react during a bullish run or bearish trend. The trader’s reaction is crucial and it does influence the price aspects. Being able to predict the market behavior is crucial, particularly for those who are heavily invested in the market.

In the first place, it is important to understand the potential of the Bitcoin Cash.  Investors will want to position the portfolio for profitability and obviously, maximum profitability is the way to go. Several investors do not read charts or try to understand the potential of the coin, they simply hope.  Positioning the portfolio for profit with limited risk exposure while keeping favorite coins to maximize profitability. Whales clearly know why they are in for and when they are leaving the network, it is time to think.

In this regard, Sydney Ifergan, the Crypto Expert tweeted:  “The ‘Aserti3-2d’ for Bitcoin Cash (BCH) for difficulty adjustment is soon to come and things should change a bit after it is implemented.”

Bitcoin Cash (BCH) Whales Leaving

To qualify to be called a Bitcoin Cash whale the investor should have an equivalent of US $ 3 million in BCH, which ranges anywhere from 10,000 and 100,000 BCH.

Some of them feel that the selling by the whales are in anticipation of a price drop fueled by proposals to “improve the difficulty adjustment algorithm of BCH.”

However, the BCH community is not shaken by Whales leaving them or the difficulty adjustment.  They seem to be sustaining their integrity and they know that a network should endure all these experiences. 

BCH recently celebrated their 3^rd anniversary of their fork from Bitcoin on August 01, 2020 and they are carrying forward their mission of Scaling the Globe.  They are focusing on improving the idea of Bitcoin Cash being the Monetary Reform for the world.