Home Bitcoin News Accumulating Bitcoin Cash (BCH) By Dollar Cost Averaging

Accumulating Bitcoin Cash (BCH) By Dollar Cost Averaging

Bitcoin Cash BCh Dollar Cost

The adoption of Bitcoin Cash (BCH) is happening. The number of real users in Venezuela, Argentina, Turkey, and Brazil is growing rapidly.

Those looking to buy BCH need not buy it in full; they need to buy in fractional shares. Dollar-Cost Averaging is the way to go.

For clarity, Dollar-Cost Averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The other name of dollar cost averaging is the constant dollar plan.

This is a great way to build BCH accumulation over time. Thus, regardless of the price factor, if investors are going to buy BCH every week or month according to their capability, they will accumulate BCH with time.

Investors start off with a plan to invest a pre-determined amount of money into buying BCH. This is one of the basics techniques of investing. It is important to note that when investors buy BCH it is not going to protect them against the volatility of the market to a great extent, but rather than having to wait for too long about deciding to buy Bitcoin Cash, users can start off with a long term HODL plan and buy BCH in bits.  Thus, the investment will grow in the long term.

While Bitcoin is great for asset storage, Bitcoin Cash is great for payments.

On May 15, 2021, Bitcoin Cash is slated to upgrade to bring improvements to users and merchants. This upgrade will bring several useful changes based on usability and quality of life improvements.  There are no hard changes made to the consensus algorithm.

These changes are mainly focused on improving user experience and merchant experience. The changes are meant to create reassurance about the usability of BCH in making online and in-store payments.  These developments are proof to the fact that BCH has a commitment to become a peer-to-peer focused cash tool.

One of the important changes set to take place is removing the unconfirmed chained transaction limit.  This will make it possible for users to perform more than 50 chained unconfirmed transactions at a point in time.

Several high volume and quick transaction apps which depend on BCH for their payment transactions have been requesting these for quite a long time.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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