BCH ... could be good, but careful on a BTC drop!
See my ETH idea ... can we say the same for BCH?
Careful.
You see ETH has a buy range of around $300 to $400 ... and properly ladderred buys will see an average cost that isn't too far from the current price, so the risk is lower.
BCH on the other hand has a $300 to $700 buy window ... if we hit $300 ... ouch.
Despite this, I do think BCH will bounce nicely once BTC gets its act together.
So how do we play this one? Well, I'm going to rather wait for a confirmed bottom here, and enter when I see recovery, rather than take my chances longing without see evidence of support. Too much risk otherwise, too much gamble.
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.
Careful.
You see ETH has a buy range of around $300 to $400 ... and properly ladderred buys will see an average cost that isn't too far from the current price, so the risk is lower.
BCH on the other hand has a $300 to $700 buy window ... if we hit $300 ... ouch.
Despite this, I do think BCH will bounce nicely once BTC gets its act together.
So how do we play this one? Well, I'm going to rather wait for a confirmed bottom here, and enter when I see recovery, rather than take my chances longing without see evidence of support. Too much risk otherwise, too much gamble.
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.
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