Price does not determine how successful BCH is as a cryptocurrency...…

@CryptoSorted 29 March 2021 more from that month

Price does not determine how successful BCH is as a cryptocurrency... Price appreciation is a bonus in addition to BCH functioning as digital peer-to-peer cash. #BitcoinCash

+KT
+BCH

3 comments

@Jane1289 29 March 2021

Indeed
@DrNums 29 March 2021

Actually VELOCITY of money (buy, use, rebuy, repeat & closed loop economics - say a whole town just using BCH will create a sustainable demand even though it is used to buy goods etc.) can increase the price as well and will be more sustainable in the long term. The problem with "HODL only" is that it is basically the "greater fools game". Those that get out early get the most value.
@rah 29 March 2021

Thats why I set both acquisition targets and monetary targets with the former being of more importance as the latter is at best nominal - but the advantage of the latter is because it is based on a fiat price it is easier to feel a sense of its value.