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Bitcoin Cash is a Shitcoin!

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Avatar for Eirolfeam2
Written by   889
1 month ago

"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.

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Avatar for Eirolfeam2
Written by   889
1 month ago
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Comments

The proof that BCH is a jewel is us, who work every day for it. Since its launch into the cryptographic world, it has been gaining ground and every day it consolidates more and more.

$ 0.02
1 month ago

Yeah, that's true. It's the community that makes it a gem.

$ 0.00
1 month ago

Never mind them, wala silang alam kaya kung anu anu sinasabe. Gusto cguro nika kumita ng wakng ginagawa kya nakapag sabi

$ 0.02
1 month ago

Hahaha! Baka kasi nalugi sila nung bumili sila ng BCH. 🤣

$ 0.00
1 month ago

This is one of the best articles on reading on crypto currencies and I'm really understanding, you really brought it to my level... Thanks for reaffirming our trust in BITCOINCASH

$ 0.02
1 month ago

Aww. Really? Haha! I hope you got to understand more about BCH. 😹💚

$ 0.00
1 month ago

That being said, Bitcoin Cash is a much better coin. And it will give a much better price in the future. Bch go to the moon soon dear. good article.

$ 0.02
1 month ago

It is indeed a better coin than other cryptos and soon, its price will reflect on its fundamentals.

$ 0.00
1 month ago

Pasampal naman tong article na toh sa pagmumukha nila...char

$ 0.02
1 month ago

Hahahaha! 🤣

$ 0.00
1 month ago

Grabe naman sila kung maka sh!t coin sa may bitcoincash susko po 🙄 Hindi naman sh!tcoin si BCH kahit nga ako dami nya na natulong sakin at sa pamilya ko. Siguro, oo bababa siya pero patuloy padin siyang tataas!

$ 0.02
1 month ago

Kaya nga. Hahaha! Daming haters eh. 🤧

$ 0.00
1 month ago

Nakakainis talaga ung mga ganong tao, ngbubunganga sila ng di inaalam, sila yata ung shit one!

$ 0.02
1 month ago

Hahahaha! Mga haters eh. 🤣

$ 0.00
1 month ago

Baka wala clang BCH kaya ganon hahahaha naiinggit na magkaroon din 🤭

$ 0.00
1 month ago

Then only call it shitcoin because of it's price, I am sure when BCH will be like BTC journey they'll all eat their words.. much more than BTC as it scales.

$ 0.02
1 month ago

I hope so.

$ 0.00
1 month ago

Gigil na gigil ako pag nakakabasa ako ng ganyan ee. Maganda sana magsalita kaso wag na. Mapapagod lang kamay ko tsk. Sabihin ulit nila yan oag lumipad na si Bitcoincash.

$ 0.02
1 month ago

Hahaha! Keyboard warriors mga un eh. Di sila tumitigil.

$ 0.00
1 month ago

I don't get why there are still some peeps who think that bch is a shitcoin lol

$ 0.02
1 month ago

Kasi mababa daw ang price niya. Hahaha 🤧

$ 0.00
1 month ago

Grabidaddd! May nakikita nga din ako na ganitong posts kay Twitter eh. Grabe, ngayon pa sila nagsusulputan at kini-claim na shitcoin si BCH? Tested and proven na ng marami 'to eh, including me syempre. Nakoooo, bakit kaya sila ganito mag-isip? Baka naman bago pa lang sa crypto-world? 🤷‍♀️

$ 0.02
1 month ago

Hahahaha! Mga BTC maximalists lang naman nagsasabi na shitcoin yan kasi di matumbasan ang price ng BCH ang BTC. 🤣 Pero in time, magrereflect din sa price nya yan.

$ 0.00
1 month ago

Bitcoin Cash helped a lot of people already. What are they talkin about? Hahaha.

$ 0.02
1 month ago

Hahaha! Sila ung mga haters na nalugi sa BCH. 🤣

$ 0.00
1 month ago

BCH is NOT in the TOP 20 anymore, check CoinGecko or CoinmarketCap!

$ 0.00
1 month ago

That's the tweet I've been seeing as well. But bitcoincash is real and shouldn't be compared with shitcoin.

$ 0.02
1 month ago

I agree with that.

$ 0.00
1 month ago

Talaga ate? May mga nag iisip pala na ang bitcoincash (bch) ay scam? Actually noe ko lang naintindihan kung ano yung shitcoin.. Dati ko pa nababasa pero akala ko parang normal na terminology lang parang altcoin..

$ 0.02
1 month ago

Madami po sila. Hahaha!

$ 0.00
1 month ago

Bitcoin cash can never be a shit coin

$ 0.02
1 month ago

True because it's a gem. 😹

$ 0.00
1 month ago

It's funny because I've become so sceptic that comments like these make me look into a new subject with interest. The shill screech tells me there is something there that is good for me and not so good for the "establishment". You can spot the behavior from afar in different subjects, from self publishing, hard science, the climate, medicine, and of course crypto.

$ 0.02
1 month ago

Well, it's better to not engage in these kinds of comments anyway.

$ 0.00
1 month ago

Completely agree. Engaging is a problem.

$ 0.00
1 month ago

Bitcoin is a gem because it's real💓 Proven and tested!!😇

$ 0.02
1 month ago

I agree with that. 💯

$ 0.00
1 month ago

Yung Shiba shitcoin ba? Hahahaha

$ 0.02
User's avatar Yen
1 month ago

Shitcoin un, same sa Doge. Pero sila pa mismo nagpapump. Hahahaha 🤧🤣

$ 0.00
1 month ago

Kaya nga. Mahirap sumabay. Kahit nakakaenganyo 🤣

$ 0.00
User's avatar Yen
1 month ago

I felt bad when I saw the title of your publication because I think the opposite. the truth is that BCH is the best in the world and it will go much further in the near future.

$ 0.02
1 month ago

Yes and I hope people will see its value too.

$ 0.00
1 month ago