Until When Will Bitcoin Cash (BCH) Stays In The Bottom?

The price of BCH these days are very disturbing as it stays on bearish momentum for a long time already, although whole crypto market is bearish especially BTC.. Bitcoin Cash seems having hard time recovering since the market crashed last May 2021.

Last 2020 I still remember when I was newbie here in read.cash, BCH used to be on top 5 rank in all cryptocurrency, then as time goes by it was demoted in top 5 but still belongs in top 10..but when the market crashed happens last year it was again demoted on top 10 and until now it's only at rank 25.

(Charts shown above was the other day data, right now it is on $245 per BCH 💔)

Major sell off happens, and mostly those are BTC maximalist dumping BCH. If you remember BCH is a fork of BTC which means BTC holders had some airdrops after the fork successfully happens and it is equal to the amount of BTC they are holding. No wonder they can dump BCH hard, plus Binance doing naked shorting of BCH. It is -92+% since it's all time high.. the question is will this be the real bottom or not?

I thought after launching SmartBCH sidechain BCH will at least recover or skyrockets but it still didn't help the price to normalize. Although I know SmartBCH is still young.

Read.cash & noise.cash sustainability is at stake (If BCH won't recover)

With this, I was thinking how will read.cash and noise.cash sustain for a long time if the BCH price keeps going down. If BCH price keeps dipping, it means the more it dips the more funds to drain everyday in both site since our tips are based on dollar not by sats..

The more price dips the more BCH will be spent, for us users it's a bit of advantage as we earned more but the sad part is that the funds will drain faster and that the site sustainable is at stake.

Simon clearly said that the sites sustainability is the least of their concerns as they are only in mission to spread BCH awareness and mass adoption. We all know that both site is heavily funded by a single person, which is Marc Demesel and that both site doesn't have any revenues since they didn't have any ads.

The only thing that can make both site stays longer as we wish is the BCH price to go up. I like both site, no.. I mean I've learned to love them, I don't mind earning lil sats as long as both site will stay longer, and I can't imagine if it stop running.

Pantera's Suggestions how to help BCH through read & noise is really insightful

If you didn't read Pantera's suggestions, just head to his profile and read it. It's really insightful and as an avid noise & read users we must read and understand how it is very beneficial both site and BCH.

BCH tips should based on sats and not by dollar just so the funds won't drained that fast since we are in bear market the more the price dip the more sats on funds being spent.

Withdrawal should also have a schedule just to prevent dumpers on dumping BCH right away after receiving their tips.

Dumper users are those who sell BCH into fiat (USD or peso) or swap it into other cryptocurrency. Some users are losing hope in BCH that is why they're converting their BCH to other coins such as BTC, ETH and anything they believe has better potential than BCH.

Pantera's article: Two Suggestions In Support Of Bitcoin Cash and the Two Platforms

Come'on BCH don't stay in the bottom, I know this is stupid coz one of the ways BCH price to go up is to have more investors as add more demand on it. But I just can't help being saddened with the BCH price, not just for the sake of my bags but for the sake of both platforms to sustain for a longer time and that my faith on BCH that it is the future.

To all let's not sell BCH into fiat right away, but if you really need money then that's your choice. BCH should be spent like money, but the problem is that it is not yet accepted in our country.

I tried accepting it in my little store but it ain't easy as I have to educate people about it, it's not easy job to do so knowing I'm in a rural place and people ain't crypto or tech savvy. Many people are curious, when I start explaining they are lost even if I tried my best explaining it on layman's term. I did my best and sent some amount to a few of my neighbors just so they can try it, but it only happens twice coz some didn't even have gadgets. It's really challenging on my part. It's a lot of work and I can't commit my full time with it coz I have a daughter that occupies most of my attention & time.

It's hard giving people free money just so they can try using the technology yet everyone wants fiat, this is what happens to most of the users in read & noise that's why they are selling it into fiat or other crypto. It is also due to lack of merchant adoption that we can't utilize it the way it is to be, if only all users are well educated and has initiative in making it real peer-to peer electronic cash that would be a game changer.

If there are only big people and knowledgeable enough who can convince Shopee and Lazada app to accept Bitcoin Cash that would be revolutionary as my fellow country men likes to do online shopping with these both online shopping apps.

It really needs to be adopted worldwide before it'll be spent without hurting it's price.

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Date Published: May 9,2022