Bear Market Will Beat Speculators

Bitcoin Cash clearly shown it wasn't able to beat it's all time high last bull market, but it is clearly capable of going down to it's all time low or even lower. It's the sad truth, it is painful for holders who think of it as an investment asset - like me.

I've come to realize that the “store value” characteristics of Bitcoin Cash is only a bonus because of its 21 million supply but it's not the focus of its blockchain ambitious vision - but rather focuses on peer-to-peer electronic cash. Most people in crypto call it failure because it's price does not meet their expectations, but the network continues to scale and it's fundamentals aspect didn't change at all.

Bear market is the time to eliminate speculators

This bear market will filter those who don't really believe on BCH, those who pretend to like it especially those who likes it just because they are earning it through read.cash and noise.cash even if they keep criticizing it. Calling it a shit coin, just because they earned less and their holdings we're down.

I myself is frustrated that it's price keeps going down, but I don't blame the coin nor the network that it's a shit coin just because it didn't meet my expectations in price but rather blame myself for not taking profit when it was high enough.

It is our decision to hold our coin, there are encouragers but the final say is with us.

Some calls Bitcoin Cash is now dead, for real? If you are watching the chart it still goes up and down. You call it dead when the chart is flat, it's price is zero and does not move anymore.

The fact is that, whales already left Bitcoin Cash for real. Not really BCH whales but BTC Maximalist who got their BCH by holding BTC after the 2017 hard fork. As you all know Bitcoin Cash is a hard fork of Bitcoin, anyone who holds Bitcoin that time received BCH. We know clearly BTC has lots of whales and those whales got BCH as well. Those maxis already dump their BCH this bear market, so it's price actions is not controlled by whales anymore.

If you check money inflow of BCH, large buys are lesser than the medium and small buys. This means that there are more retail buyers of BCH than whale buyers, so as the sellers. The data shows 1 day frame only - for sure large sell off will shown in 1 W or in 1 month, those are whales dumping their BCH.

Whales hurt the BCH price badly, so I think it's better when most of them are gone. Anyway Bitcoin Cash dev's doesn't actually like this asset to be speculative, they want it as currency not as an investment tool.

So if you are really disappointed with BCH, you can just leave and stop complaining. Don't even bother earning it, have shame on yourself calling it shit yet you are collecting every cents of it, it's stupid. Or maybe you are collecting and trade it for other coins or in fiat, it's fine, there's no problem with that but the problem is your attitude - coz you don't practice gratitude!

Maybe you are thinking I'm being hypocrite, you are wrong. If you only understand the Bitcoin whitepaper, cryptocurrency was meant to be a “currency” that's what BCH stands for despite it is heavily criticize not really a speculative asset for trading purposes.

If you are trader, trading currency does not have huge pumps and dumps just like forex, so I think BCH trading volume is organic. It doesn't promise people to get rich, rather to be free. To have freedom on their own money.

There are ways to recover your losses with BCH, you just have to find ways how to do that and calling it dead shit cannot help on recovering your loss.

P.S I wrote this yesterday, so the data you've seen on money inflow might be different from the current BCH money inflow.

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Date Published:

June 16,2022(Article#:12)