Bitcoin Cash is a Shitcoin!

"Bitcoin Cash is now a shitcoin!"

"Bitcoin Cash is a scam and shitcoin!"

"Bitcoin Cash is indeed just a shitcoin!"

"Bitcoin Cash is a shitcoin!"

"Bitcoin Cash = Shitcoin!"

Tweets and comments like these that I get to read on Twitter, Facebook, Reddit, and other platforms from other crypto folks, mostly from Bitcoin Maximalists, trigger me most of the time.

I'm not trying to be emotional and a crybaby in the crypto-verse but every time I get to read words like this hurts me. I have been a part of the Bitcoin Cash community since I started my blogging journey here on read.cash over a year ago, and I have grown to love this movement already. It has been a part of my life and I have no intention on going back against it. It has changed my life and others as well, and with my personal encounter and experience with this coin, I can say with conviction that

Bitcoin Cash is NOT a Shitcoin!

Bitcoin Cash is not a shitcoin because it has all the qualities of a gem coin with real-world use case that can be used as peer-to-peer electronic cash. It has an active community and developers who are committed to building for a better future with Bitcoin Cash. Bitcoin Cash has transformed a lot of life already, and reached and helped people beyond the internet by organizing projects that will help humanity.

So for those who keep claiming and throwing nonsensical words against Bitcoin Cash, cut the shit already, and let me inform you of the difference between a shitcoin and a gem coin.

What is a Shitcoin?

A "shitcoin" is a disparaging term, which is often and commonly used by many in the cryptocurrency community to describe and degrade cryptocurrencies that offers no real value or purpose.

However, this term is also used by many to any cryptocurrency based on personal opinion and not on facts. Such is the case for what Bitcoin Cash is experiencing.

Many Bitcoin Maximalists keep throwing shame against Bitcoin Cash because they are threatened as they know that BCH works better than the other. They keep saying that BCH is a shitcoin and always turning a blind eye to the fact that Bitcoin Cash delivers a true value and real-world use case and purpose.

How do a Shitcoin work?

A shitcoin do not have any meaningful purpose, which means that there is no genuine demand for the coin or token. The value of the coin or token is dependent on pure speculation only. It is a digital coin or token that people believe to be valuable just because it exist.

And Bitcoin Cash does not work that way. Bitcoin Cash has a purpose, and that is to hold true of what Bitcoin should be, to become a peer-to-peer electronic cash system that allows online payments to be sent directly from one party to another without going through a financial institution, like how Satoshi Nakamoto designed BTC and how he stated on the white paper of Bitcoin.

According to bitinfocharts.com on the number of transactions of Bitcoin Cash, the Bitcoin Cash has hundreds of thousands transactions in blockchain recorded on a daily basis. This simply means that Bitcoin Cash has a genuine demand from the people because it is fast and easy to use with a very cheap transaction fee that won't break your account, unlike BTC does.

Bitcoin Cash is not dependent on pure speculation, and it is valuable and scalable as many developers are committed to make innovations and projects to make the coin even better.

What are the key signs of a Shitcoin?

A shitcoin usually has a low market capitalization (market cap) with billions of total supply that will lure investors to buy because they can have more tokens while the price is still cheap. And having low market cap makes it easier for investors to manipulate the price.

Bitcoin Cash does not have a low market capitalization. In fact, it is part of the Top 20 in the market cap rankings with almost 12 Billion dollars market cap.

Bitcoin Cash also has a limited supply with only a total and maximum supply of 21 Million BCH. Its scarcity is what makes it even more valuable.

A shitcoin does not have a well-defined function or purpose. They just exist.

Bitcoin Cash was forked from Bitcoin and created to increase the size of blocks, which allows more transactions to be processed and improving scalability. It was meant to be used as a decentralized payment network where financial transactions are secure, trust less and censorship-resistant.

According to news.bitcoin.com about Bitcoin Cash Merchant Directories, as of 2020, there are now over 4,300 different businesses and merchants that have already adopted Bitcoin Cash as a payment method in purchasing their goods and services, and its adoption keeps progressing throughout the world.

A shitcoin is a terrible investment as it requires high risk and gives low to no rewards. It follows a pump and dump scheme where clueless investors will be left with nothing but worthless cryptocurrencies in their wallets.

Bitcoin Cash, on the other hand, is a good investment and not a pump-and-dump coin, which can also be a store of value that grows over time.

Bottom Line:

Bitcoin Cash is a sound money, a fast, secure, and real peer-to-peer electronic cash with low-cost transaction fees and fast confirmation of transactions.

Even if a lot of maximalists keep shitting this coin, with its strong fundamentals and solid community and developers, Bitcoin Cash will always prevail.

My SmartBCH Address:

0x77C55F90014f99B4b424C4dd3240A4f105B11B14

My Bitcoin Cash Address:

bitcoincash:qputfk4yahyqmyzds5mwd6xtzvuf3wj595kckuwnll