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

Since we (#Club1BCH) made a goal to accumulate Bitcoin Cash as much as we can before the year 2021 ends and wait for BCH to take off space. We make some updates about our journey of holdings and accumulation.

Why I was asking if it's wrong to think of Bitcoin Cash as an investment?

Well, as I was posting at the noise. cash before about my 2 BCH journey I received a comment from someone I admire because he is technically knowledgeable about Bitcoin Cash. I posted that I'll be one year user at read.cash this month and of course, I am already one year at Bitcoin Cash Community.

“Nice, one year at Bitcoin Cash community what have you done for BCH? Did you onboard a new user? How was it? Did you spend BCH as peer-to-peer electronic cash?”

I told him that YES! I tried my best to onboard new users of BCH by inviting them to use read. cash and noise. cash.

As for read. cash I have 86 affiliates, I tried my best to help and guide them on how to use the site, we even have group chat before so I can coach them well. It's just that most of them didn't have the interest to write and maybe only want to have a quick way of earning money. I even tell them to ask me if there is any confusion but nobody is interested, for me, it was a failure to educate them about Bitcoin Cash because they cannot even stand to use the site longer. Most of them like to invest in scam Mining sites, so sad and I cannot do anything about it.

While in noise. cash I only invited 3 people and one is my sister, the other two are my friends. Two of them still posting at the noise but their account is not in good standing, they don't receive tips from hearts.

The reason why my Facebook friends are not interested in the noise. cash is that they think it is the same as read.cash, even if tried my best to tell them that it is much easier to use and they can post a short post like on Twitter, they don't believe me anymore I mean they are not interested.

After explaining this to the one who asked me, I asked him too if he onboard new user at Bitcoin Cash and he said,

“Nothing, it's hard to invite people who think Bitcoin Cash as an investment instead of using it as real cash.”

So I was thinking, “Is it wrong to think of Bitcoin Cash as an investment?”.

I know that BCH should be spent like real money, but we don't have any merchant that accepts it as payment yet. I am also aware that it should be “hold, spend and replace”.

That is why I vowed to myself I will use some of it after reaching my 2 BCH but sad to say I have to sell it into fiat because nobody accepts it here in our country. But only if I needed the money, I will not spend it if I don't need to spend.

Is it wrong to think of it as an investment?

For me, it's not because we also know that Bitcoin Cash can be a great store of value in the future.

If it's wrong to think it that way Marc Demesel should not tell us to hold it, instead he should tell us to spend it. I remember when I was a newbie he keeps saying to a newbie,

“Hold your coin, the one you get here from tips because Bitcoin Cash will have a bright future in next few years.”

I also asked him on Twitter before “Sir, is it good to invest in Bitcoin Cash now?” I asked him this one last year when BCH price is still at $250+..and he replied,

“Yes it is good to invest in BCH now”

I cannot provide you the link to the tweet and the comments because it's too long ago and it's hard to locate anymore. But it is always clear in my memory because it was my motivation that holding BCH is not a waste. After all, Sir Marc Demesel believes in it.

Another thing that convinces me it is not wrong to think of Bitcoin Cash as an investment is that the YouTube Vlogger that Simon at the noise. cash share which is Gabriel, the owner of 1stMil channel who has 20 years of experience as a trader.

If it's wrong to think Bitcoin Cash is an investment he should not compare BCH to a real estate type of investment.

You can watch his video about it under the link.

In his videos, he states that Bitcoin Cash is like a real estate investment, which takes time to develop but it will surely give huge returns in the long run.

Another one is that he predicted Bitcoin Cash could be $500,000 per coin in the next 5 years.

He even made a video asking if we have more Bitcoin Cash today than yesterday, as he believes Bitcoin Cash is a big thing after 5 years. If he didn't think Bitcoin Cash is a good investment, he wouldn't have promoted it.

You can visit his channel and you will see that he has a lot of good insights about BCH.

Closing Thoughts

We all know that the more user of Bitcoin Cash that spends it like real cash the more it is being utilized and the more it is utilized the more it will remain strong fundamentally.

As of now, not all countries accept it as payment. So some are just holding it for long-term purposes.. not because that certain someone is dying to be a millionaire but because they keep BCH as savings for future needs.

Not because we are holding it we are greedy to become a millionaire but because we don't need the money yet. Of course, if we still have some fiat why would we use BCH?

So, I think it's not wrong to think Bitcoin Cash is an investment but should also be spent if it's needed, unlike Bitcoin BTC holders who only hold forever lol.

I always follow advice from the people I respected a lot, one of it is sir Telesfor he said “Don't be afraid with volatility, it is normal. If you needed the money, you can use it. If not then just hold it.”

Date Published: June 15, 2021