Bitcoin cash: the bear market provides buying opportunity-panic sell is not an option!

The question on everyone's mind at the moment is "what is happening to the world of cryptocurrency and for the BCH community, what is happening to BCH? I've heard this question more times than I can count and I wouldn't blame whoever asks this as it's a reason to be bothered considering the events of the past few weeks and how losses have been made on the value of our favourite currency in the long run.

Though I may be a three month old user writing my first article here on read.cash and a bit new to the crypto space and BCH in general, observations have been made and conclusions have been drawn. BCH is the one true currency and this is evident in its mass adoption and its properties which include lower transaction fees and faster transactions.

I'm very familiar with the 'buy low' and 'sell high' strategy. A common terminology has been 'buy the dip' even in the midst of the bear market. Unfortunately, for the past few weeks it's been all about selling off what we bought at what we thought was a low at a much lower price. We've seen lower lows in the past few weeks and it's been a source of worry for the BCH community.

The bear market is a source of bother to a lot of people and only one question is at hand "should I sell off my BCH?".

It's a very realistic question considering that we're humans. Regardless of how much in control of our emotions we are, we are still subject to it especially in terms of our finances. We tend to lash out directly or indirectly once we notice a slight diminish and inconsistency, and look for a way out of whatever mess may be happening. In the case of the bear market, we all want to secure our hard earned money by selling off as a way of minimizing losses.

BCH has dropped from slightly over $300 to the current price of $114 at the time of writing.

Panic sells all over the place. I wouldn't blame whoever does that as its simply a realistic approach to loss minimization. After all, lots lost thousands and millions to the recent Luna crash and they had to begin from square one. The 'quick sell off' approach may be considered by BCH holders in a bid to secure their asset's USDT but I'd rather not.

I'm only going to say one thing- Don't sell your BCH for a stable coin. But if you do, don't sell all of it. As much as I'd like to talk about the dangers of stable coin and how USDD and similar coins have lots their 1:1 $ peg, I'd rather not but would advice we observe we immerse ourselves into a study of BCH's historic high and lows for enlightenment on the greater picture and how we are not lost in this bear market.

As for me, The bear market serves as a buying opportunity for whoever hasn't gotten onto the BCH train. The world of read.cash and noise.cash makes it easier as all we need to do is create quality content and get rewarded in the one true cryptocurrency of Bitcoin cash (BCH).

Don't sell off your Bitcoin cash, but if you do, don't sell all of it so you wouldn't be in regrets when BCH hits an all time high. I wouldn't like to say 'I told you so' when it happens.

BCH to the moon!