Bitcoin Cash price analysis

Follow the live Bitcoin Cash price on this page

Just like with all other cryptocurrencies, the Bitcoin Cash market is always open. You can trade coins 24 hours per day, 365 days a year. The cool thing about crypto is that you can always learn something new. There are plenty of new things happening; you will never get bored. On the downside, this means that trading crypto can be quite stressful. The value of your crypto assets will constantly fluctuate, even during a single day. If you're interested in how you can read bitcoin cash (BCH) graphs, visit our designated how to read cryptocurrency charts page. 

Keep your eyes on the Bitcoin Cash chart

You can find the current and historical Bitcoin Cash exchange rates on this page. Is this the right moment to buy Bitcoin Cash or sell Bitcoin Cash? How do you assess that? And where does a cryptocurrency like Bitcoin Cash derive its market value from? We will answer these and other questions on this page. We will also take a closer look at a few Bitcoin Cash price history highlights.

Where does Bitcoin Cash derive its value from?

Simply put: the Bitcoin Cash exchange rate is the outcome of a game of supply and demand, taking place at the various trading platforms. Buyers and sellers meet each other on these platforms in their efforts to influence the value of the coin. Did the coin's exchange rate increase today? Then demand outstripped supply and vice versa. Unfortunately, predicting the exchange rate is quite a bit more challenging than the basic concept of supply and demand. We now know how the Bitcoin Cash exchange rate functions, but where do these coins derive their value from?

What do opponents of Bitcoin Cash argue?

In the past few years, the inherent value of cryptocurrencies such as Bitcoin Cash has been subject of fierce debate among economists. The main argument of the opponents is that cryptocurrencies do not possess any inherent value. As they lack intrinsic value, they would never be able to function as a valid payment method. And because there is no clear frame of reference, the value of Bitcoin Cash and other cryptocurrencies remains too volatile, which undercuts its reliability as a payment method. After all, who would want to be paid in a currency that might lose twenty percent of its value the next day? According to these economists, a coin’s value is solely based on whatever someone can get for it. People are only interested in buying Bitcoin Cash as an investment, hoping that the coins will become more valuable at a later stage, at which they can make a profit out of it. This is also known as the greater fool theory: the investment is justified under the belief that another party is willing to pay an even higher price.

Cryptocurrencies are often compared and contrasted with gold. Opponents argue that gold carries intrinsic value, whereas cryptocurrencies do not. Gold derives its value from people's appreciation and its application in jewellery. Aside from its function as a payment method, it also carries aesthetic value in the physical world. As such, gold derives its value from the fact that people find it pretty. This also ensures that its value will never drop to zero. Bitcoin Cash, however, does not have any value in the physical world: it is exclusively a digital payment method. Therefore, there will inevitably be a downward price movement, as the rate will eventually reach point zero. This is at least what opponents of Bitcoin Cash argue.

What do proponents of Bitcoin Cash argue?

The main argument of opponents of cryptocurrencies and Bitcoin Cash is that cryptocurrencies do not carry any intrinsic value. Aside from their functionality as a payment method, they do not provide any added value and also lack intrinsic value. It appears to be a valid argument until you start reflecting on the concept of ‘intrinsic value.’ In principle, nothing carries intrinsic value. Objects like gold only possess a certain value because people find it pretty and are willing to pay for it. However, the elegance of gold is not backed up by any laws of nature. Its inherent value is inevitably linked to our perception of it. Consider that, in the near future, we come across much more precious metals, or obtain the ability to craft these ourselves. If no one shows any interest in gold any longer, its value will automatically drop to zero. The main argument of proponents, therefore, is that there is no such thing as ‘intrinsic value.’ Nothing carries value an sich; value is always the product of human appreciation. An object only possesses some kind of value as long as there is a particular human demand for it. This holds for gold, but it also holds for Bitcoin Cash. Besides, one can think of enough other arguments why something that solely exists in the digital domain can still be of value.

The political aspect of cryptocurrencies

Cryptocurrencies were first envisioned as a free-floating form of money operating independently from governments and banks. Bitcoin Cash serves as a magnificent example of this. It came into being following a split with Bitcoin. A part of the Bitcoin community did not agree with the coin's development and decided to split off from the project and continue it according to their liking. It is the ultimate example of the democratisation of our money. Cryptocurrencies are a very pure form of money, as the decision power is shared among its users. The network does not recognise any country borders, and Bitcoin Cash can be transferred across the entire globe in just a few seconds.

The network effect of Bitcoin Cash

The popularity of a payment method is always dependent on the size of its user base. If everyone revokes their trust in the dollar tomorrow and stops accepting notes, its value will immediately drop to zero. As such, it is essential for a payment method to have an extensive user base. At the time of writing, Bitcoin Cash has more than fifty thousand active users every day. This number has also seen a steady increase in the preceding period. The more people start using the coin, the more well-known it will become, and the higher its value. This increase in value will attract new investors, which then again reinforces the network effect.

The brand value of Bitcoin Cash

An independent digital coin is not the same as a company, and thus, it might feel awkward to discuss a coin's brand value. Nevertheless, it plays a vital role in determining a coin's value. Bitcoin Cash was formed following a split-off from its big brother, Bitcoin, which already provided it with much name recognition. There are also a few celebrities from within the industry that are involved in the project, which positively contributes to the coin's brand value and indirectly also attracts a higher number of users. Bitcoin Cash is one of the industry's pioneers, and that is why it will also always carry a certain value.

It remains interesting to reflect on the value of cryptocurrencies and to attribute final market values to the various coins. You could endlessly discuss this subject, and that is also what makes this industry so appealing. Is this the right moment to buy Bitcoin Cash? Perhaps, but in the end, it is always your call. Do you still have any questions about buying or selling Bitcoin Cash? Then you can always contact our live support.

The price history of Bitcoin Cash

Bitcoin Cash has only existed since it split off from Bitcoin in August 2017, but it has already seen a couple of substantial rate fluctuations. Jumps of more than one percent per day are by no means an exception in the world of cryptocurrencies, which is why the price history of coins often serves as inspiration for media stories. We have listed a couple of highlights for you here, allowing you to have a better look at the Bitcoin Cash price history so far:

August 1, 2017 - Bitcoin Cash splits off from Bitcoin

On the first of August, 2017, the so-called hard fork happened, which is when Bitcoin Cash officially came into being. Early estimates pointed in the direction of an initial value of approximately $500, but in the end, this appeared to be a bit too positive, as the coin started trading at $306. 

August 2, 2017 - First Bitcoin Cash price spike

One day after the split, Bitcoin's little brother immediately gained value. The hype around the coin increased, and within a day, the rate surged to almost $700. In hindsight, this was only the beginning of the surge.

August 19, 2017 - Bitcoin Cash price reaches $1000

After it had reached the 700-dollar mark on its second day of existence, the Bitcoin Cash hype certainly did not fade away. About two weeks later, the coin hit the 1000-dollar mark and began to pose a serious threat to Bitcoin.

December 20, 2017 - Bitcoin Cash surges to more than $4000

Bitcoin Cash profited from the December 2017 crypto craze and surged to a record rate of more than $4000. It had only existed for about five months at this stage. In 2018, however, the value of the coin collapsed.

December 18, 2018 - Bitcoin Cash reaches a low of $75

Less than a year after it had achieved its record rate of more than $4000, the Bitcoin Cash price completely collapsed and fell back to only $75. It had only retained a small two percent of its value compared to its record high.

Nowadays, the cryptocurrency market is rebounding, which has also positively impacted Bitcoin Cash. At the time of writing, its value has again increased to about $400. 

We hope that this information has been of value to you and that it has provided you with a bit of insight about where Bitcoin Cash derives its value from, and how its rate has fluctuated over the past two years. Whenever you are considering buying a coin, it is essential that you do your comprehensive research. Make sure not to fall into the trap of getting carried away by your emotions. Other cryptocurrencies have experienced price swings just like bitcoin cash, read more on the history of the Litecoin price, Ethereum price, Ripple price and Bitcoin price