Bitcoin Cash Performance Q4 2017

onlinedollars

onlinedollars Follow 9

02-24-2018 3:20PM

1917 2 0 0 0 0 (0)

For the Month of October 2017

The value of Bitcoin Cash (BCH) opened at $433.38 on the first day of October 2017. It recorded a highest value of $526.12 on the 29th day of Oct, 2017. It has a lowest value of $289.04 on the 9th day of Oct, 2017.

Mathematical analysis of the performance is given below:

Gain for the month of Oct 2017 = $526.12-$433.38= $92.74

The percentage gain for the month of Oct 2017 = $92.74/$433.38*100% = 21.39%

Loss for the month of Oct 2017= $433.38-$289.04= $144.34

The percentage loss for the month of Oct 2017= $144.34/$289.04*100% = 33.31%

For the Month of November 2017

The value of Bitcoin Cash(BCH) opened at $438.30 on the first day of November 2017. It recorded a highest value of $2477.65 on the 12th day of Nov, 2017. It has a lowest value of $437.91 on the 1st day of Nov, 2017.

Mathematical analysis of the performance is given below:

Gain the month of Nov 2017= $2477.65-$438.30= $2039.35

The percentage gain the month of Nov 2017 = $2039.35/$438.30*100% = 4652.86%

Loss the month of Nov 2017= $438.30-$437.91= $0.4

The percentage loss for the month of Nov 2017 = $0.4/$438.30*100% = 0.091%

For the Month of December 2017

The value of Bitcoin Cash (BCH) opened at $1381.81 on the first day of December 2017. It recorded a highest value of $4255.62 on the 20th day of Dec, 2017. It has a lowest value of $1226.21 on the 10th day of Dec, 2017.

Mathematical analysis of the performance is given below:

Gain for the month Dec 2017 = $4255.62-$1381.81 = $2873.81

The percentage gain the month of Dec 2017 = $2873.81/$1381.81*100% = 207.97%

Loss for the month of Dec 2017= $1381.81-$1226.21= $155.6

The percentage loss for the month of Dec 2017 = $155.6/$1381.81*100% = 11.26%

The chart below shows the data for the three months under consideration:





"Series 1" represents the opening price. "Series 2" represents the highest price attained for the month. "Series 3" represents the lowest price of BCH for the month.

From the mathematical analysis and the chart above, I deduced that investors and traders made the highest profit in November 2017 and the lowest loss in Dec 2017.

The increase was as a result of high mining activity in BTC and it using the same blockchain features as BTC. So, the increase in BTC led to Bitcoin Cash increases since it is a fork of BTC.



In 2018, I expect Bitcoin Cash value is going to increase since it is one of the closest forks brought from BTC. Kay-Van, a top analyst, has also stated that he expects the value of BTC will risen 2018 just as he correctly predicted would happen in 2017.

Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content