Should I convert my BCH to BTC?

[TuxRider01]

Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).

I would like to hear the opinion of a few experienced traders on this before making my mind.

If yes, what would be the best way to do this?

Thanks!

[dead_m92]

I think that is one of the best exchanges you can make right now.. Nobody knows what can happen to Bitcoin Cash, it is freezed between $600 and $700. and i dont think that charts are predicting any movement in the next hours/days
I dumped mine at $600 last week, and i bought a lot of altcoins with that money, i suggest you to do the same, it is a fair movement, i think.

[Pearls Before Swine]

I'm not an 'experienced trader', but I'd say hold on to it.  You got it for free, right?
It'll cost you nothing to hold, and you never know if or when it's going to catch
on and go up in value.  I think next time we have a boom in altcoins like we had
this year, it'll soar.  I'm convinced it will happen, but I don't know when, and if you
sell now you'll kick yourself for doing so.

Wish I'd gotten some, but I missed out because I didn't have any BTC at the
time.  Oh well.

[SaShiRaJaVu]

@OP If you really think about converting your bitcoin cash to bitcoin wait for the best price and then convert back rather than doing that when the price is low,it is all personal opinion and since i got it for free,i do not have any problems to hold for a very long time and see how this coin will perform in the future.

[hamdi]

hardly believe it will "catch on" or get major usage except for being a speculation vehicle. it's an altcoin like many others after all. mainstream people will get into BTC and not BCH.

[richardsNY]

There is seriously no point into holding something so obsolete as BCH. I have dumped everything already, and advice any other holder of BCH to do the same. I can't see this coin hold any value that is even near current levels -- it wouldn't surprise me if this coin in the coming months falls back to 0.05 BTC, and likely even lower. It's an extremely overpriced altcoin that is lagging behind the most popular coins in the market. That being said, since people haven't paid a single penny for them, there is nothing to lose. It's all up to you -- wait for a potential pump that may or may not come, or just enjoy cashing out at current levels. Easy choice for me.

[herurist]

Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).

I would like to hear the opinion of a few experienced traders on this before making my mind.

If yes, what would be the best way to do this?

Thanks!

See again your strategy, I think you miss something. You only need to see price action using long time period ( week - month ) and also volume transactions. Investment not like trading, it's only need take the right coin and hold it. You can take 2 option, buy another coin or exchange become currency ( take profit ). Your decision your risk and have a nice day.

[ahmedjamal1998]

I don't consider myself anything near to an "experienced trader" but this is what happened.
Once BitcoinCash hit the exchanges I waited for a few days and then sold it all.
I guess this is what actually most of bitcoin holders did.

I don't believe BCH will reach anything in the future. It's just another altcoin but worse. Totally obsolete and of no use.
It's just an overpriced coin that has a lot of hype for it without any reason.
It's still up to you. You can hold and hope that it gets pumped more and sell at that time but I'd personally prefer to buy zcash or eth and wait for it since they'll surely rise.

[herurist]

Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).

I would like to hear the opinion of a few experienced traders on this before making my mind.

If yes, what would be the best way to do this?

Thanks!

See again your strategy, I think you miss something. You only need to see price action using long time period ( week - month ) and also volume transactions. Investment not like trading, it's only need take the right coin and hold it. You can take 2 option, buy another coin or exchange become currency ( take profit ). Your decision your risk and have a nice day.

[xuan87]

I will say wait for a moment, BCH just starting it's step and there are positive signals for some people, the miner feel more profitable to mine BCH which is a good sign, maybe wait for a few months to see how is the growth will be a great idea, and some people really like to use and invest in bchbso don't worry the price will suddenly become zero

[TryNinja]

I will say wait for a moment, BCH just starting it's step and there are positive signals for some people, the miner feel more profitable to mine BCH which is a good sign, maybe wait for a few months to see how is the growth will be a great idea, and some people really like to use and invest in bchbso don't worry the price will suddenly become zero

Not at the moment. BCH is only profitable to mine when miners abuse the EDA to generate tons of blocks per hour for a period of time, and when the difficulty adjusts, they jump all their mining hashrate to BTC to lower the BCH difficulty and repeat the proccess over and over again. Not good for the BCH ecosystem.

You can use fork.lol to see which chain is more profitable to mine[1] and the BCH vs BTC inflation[2].

[1] http://fork.lol/
[2] http://fork.lol/reward/inflation

[alyssa85]

I've held both BTC and BCH because I'm not sure how this segwit2x thing will play out. If bitcoin forks again in November, it will become much weaker and we're back to the high fees/congestion problems.

[Herbert2020]

like any other altcoin you should convert it back to bitcoin at some point.

if you have a large amount of it and have never converted anything back to bitcoin, then it may be a good idea to cash out some part of it and keep the rest. you come up with the percentages that you feel more comfortable with.

what i did is that i sold some on the tops and then kept the rest for the next pump. i also bought some when it was rising back when the first pump came and make some quick profit when i dumped it.

as a trader you should do this too. but if you are not a trader and just want to take some risks then wait at least until end of this year when SegWit2x drama starts because BCH may get pumped by that time.

[Sobol101]

In order not to risk exchanging a small stake, and most of you wait for the best price and sell. Then you will have both investment and profit.

[okissabam]

I sold mines too, it is nothing different than those alternate coins created and it could never replace or surpass bitcoin. And just like every other altcoin, people usuallu convert them to btc. I don't think there is anything special with this coin.

[buwaytress]

Not sure you'll get an objective view from me, I sold my entire stash as soon as an exchange allowed me to =) I gotta say, I don't regret it, as it was an almost immediate >10% bump to my BTC amount, and we all know what happened to BTC price over the next few weeks since. If this were just another alt, I would probably have thought of it this way: I have a rare opportunity to gain "free bags" so I might as well hold out and see what happens since I have nothing to lose.

But since it wasn't, I chose Bitcoin in an instant.

[Yudhisthir]

I thought the same with the current rates but again thought if BCH is carrying on with the price of BTC, than why not hold both for the future.
My suggestion, BCH is a good coin to hold.

[bamboylee]

I've held both BTC and BCH because I'm not sure how this segwit2x thing will play out. If bitcoin forks again in November, it will become much weaker and we're back to the high fees/congestion problems.

I agree with how he thinks but only until we know how the November fork will play out. If bitcoin succeeds, see if bch will pump and then sell. The goal is to get as much out of bch because we are not certain about this coin. I don't see any use of bch except for speculation.

[omonuyak]

Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).

I would like to hear the opinion of a few experienced traders on this before making my mind.

If yes, what would be the best way to do this?

Thanks!

From beginning after the splitting many speculation was made that bitcoin Cash will be worthless or people are going to dump it after August second but this don't happen. I will advise you to keep holding your bitcoin Cash as you may not know what it will turn to be in future. I do think some time that bitcoin Cash and core may be competing item of price in future. Many speculation over were bitcoin may likely be are there in reddit.

[Peterson60]

I myself did not convert them for the time being, I think that BCH might actually not be such a bad investment and when I have already few of the coins, why would I convert them.