This blog writing date Sunday May 23, 2021 with the Bitcoin Cash current price of $538.69. From reaching the higher price of $1000+ to this price. Of course, this dump can make us panic and can trigger our finger tips to click the 'sell' button? Well don't do that and read this to make you feel better for this red days of cryptocurrencies. I feel you anyways.
As we all know that, our seniors Bitcoin Cash hodlers or previous and experts hodlers are just chilling with this situation like "Oh, this is not new to us. First time?" Lol. Of course, we beginners and new comers are now experiencing panics and agonized about this current situation of our hodl. But hey my co and fellow new comers, continue to read and I will make your feeling better. Thanks me later.
Let's Do Some Realization and some experience sharing for my fellow Bitcoin Cash hodler out there and you my reader.
When Bitcoin Cash reached its first $900+ price this year, I'm so happy and finally it reached its highest price for this year. Actually, I've made my article Bitcoin Cash Just Reached $900 price due to my hype. And surprisingly reached $1000+ price in the same month last may. Of course due to this ,I've made another article The Unstoppable Bitcoin Cash in just an hour gap after my previous one. That really pushed me to write 2 articles in one day. It made me productive and happy at the same time as hodler.
During that day, all the coins and tokens were skyrocketed to reach the moon including the king of all cryptocurrencies Bitcoin(BTC). Obviousy that was one of the best and bullish month of cryptocurrencies. Because you can earn profits using volatility without even trying future trading. Just hold, buy low and sell high due to the fact that Bitcoin Cash is one of the most volatiled coin in the market.
Reason To Hodl Tight Your BCH
May 13,2021 when I sent my $282 Bitcoin Cash to Binance for my spot trading. And yes of course Bitcoin Cash was in the state of pump during that time and waiting to surpass its higher price this year but the price gradually dropped. Check this out
As you can see from $282.91 to $122.68 and that's $160.08 loss in my funds and in my other Bitcoin Cash funds from my local Crypto Wallet coins.ph and hey! I'm not really affected by that. I have trust in Bitcoin Cash to return into its previous path.
Hodl! Hodl! Hodl!
Here are some motivational with facts that may strengthen your trust in Bitcoin Cash.
Bitcoin Cash Has Great Historical Prices Unlike The Other Coin
According to investopedia in their article, Bitcoin Cash started at price of $900 when it was first listed in the exchanges like coinbase. An indication that our coin had this good starting price, a high price to be honest compared on what its current price.
Next,
Bitcoin Cash Has Impressive All Time High
From this impressive starting price, Bitcoin Cash is not just a coin without All Time High(ATH). Bitcoin Cash reached $4,355.62 in December 20, 2017. See? Bitcoin Cash has this impressive record that may help to strengthen your trust for it.
It Has Millions Of Active Addresses
The best in Bitcoin Cash is that the numerous holders it had. There are millions of holders and still, there are thousands of new addresses are created. Check this out.
Can you see that? New addresses day by day has been created. The chart is not dumping but it increasing until these days. Imagine, we are included in that 16.33 million addresses. Cheer up.
Bitcoin Cash Has Millions Of Holders
The addressee above are just general measure for all the hodlers of Bitcoin Cash. Check this another chart from Blockchain.
Can you see that? Bitcoin Cash has whale that holding the high percentage of Bitcoin Cash for one or just person. We also have the investor volume that holds the 26.7% of the total volume. And the retail volume that holds the 64.7% of the total volume and we are included in that.
Check these charts here.
Bitcoin Cash Was Created With Purpose
I will repeatedly say that Bitcoin Cash has the higher potential coin. Bitcoin Cash was created as coin not just accidentally and unintentionally created like from the origin of jokes or meme. Oh sorry for this LOL. Bitcoin Cash has been proved many amazing things as a coin. And what's next? To be a mainstream currency? Exactly!.
Bitcoin Was From The King Of All Crypto
Hey, Bitcoin Cash was created from Bitcoin right? Bitcoin is the most successful cryptocurrency ever created and don't forget that Bitcoin Cash was from this Gold Of The Internet Bitcoin(BTC). If there as gold coin that store a high value, there is Gem that can do useful things and that's BCH.
Closing Thoughts
I know many new comers in Bitcoin Cash are worrying about this crash. Asking their selves what if Bitcoin Cash price will dump to zero LOL that can't be happen. That's how cryptocurrencies works especially Bitcoin Cash with the most volatiled coin in the market.
There is one thing I want to say for you "You are hodling the right coin, you're hodling the next king of crypto not the meme coin one."
Additionally, all cryptocurrencies can experience these kind of crashes. Cryptocurrencies are downs and ups. For now, we are in the bottom waiting to rise and reach the top again. #Hodl!
Thank you for reading 💚
Oh yes! Hodl on tight lang wag matatakot lalo na hindi naman shitcoin ang hinohold natin. Basta hold, pag dika marunont mag hodl, malamang dika yayaman nyan. Kaya hodl, higpitan ng kapit oarang ung kapit nyo sa isat isa ni Cariscaris,. Diba @carisdaneym2 😂, push na lapit na ang sembreak haha.😉