BCH price may change but the fundamentals will never change

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1 year ago

The whole crypto market is down, there is fear growing in every corner. Even so, this Is a great opportunity for you to get your first full 1 BCH at a huge discount price and margin. A great fall signal a great rise, that's what history tells us. Do not sell your treasure now, a time for a raise is very near, and when the dust settles you will be richer than before.

I made a post on noise.cash yesterday with the caption "Is History About To Repeat Itself?" Most people who responded to the post never understand what history I was referring to. A similar event that happened in May 2021 is playing out before us. At this very time last year, China's ban on Bitcoin mining hit the crypto market so hard, and even before one could think of recovery, Elon Musk's criticism of the environmental impact of Bitcoin mining energy gave another blow to the crypto market leaving the price of all cryptocurrency assets in ashes and a state of doubt to ever recover.

The incident pushed BTC's price down to a little above $20k while BCH went down to a little above $165 at the time. At writing time, the price of BTC is at $27K, while BCH is at $197 a little above the price they were in early May 2021 ATL. What follows after saw the price of BCH reaching an all-time high of $1,700

Coincidentally, the fear that leads to this huge dump is fanned by a macroeconomic context and the Terra Luna debacle. The effects of the war in Ukraine cause high inflation due to weakening economies. To add to this, the dump of Luna Terra and its stable coin STD whistled the selling off of BTC in recent weeks. These incidences are very similar to what happened in May 2021.

However, the fundamentals of BCH remain unchanged despite witnessing this price drop. The real signal in this price drop is that it opens the door for BCH adoption and the opportunity to accumulate more. The fundamentals never changed, a peer-to-peer electronic cash that works is what BCH is all about no matter the price or its value at any time.

Nonetheless, I can see a bright future for BCH as history is about to repeat itself. You need to take advantage of this opportunity, you need to consolidate your position and redefine your time view with BCH. It’s in tough times like this that reveal those who believe in the fundamentals of BCH. It's a time of test for all of us, and you can choose to react the way you like. But in all you do, don't ever forget about the fundamentals of BCH.

In the current situation, how your emotions are very important. You can allow your emotions to rule you and make a decision that seems best to you, but if the decisions you make are not in line with what BCH stand for, I know for sure they will be what you regretted later. You need to take charge of your emotions this time and step back to logical reasoning that is in line with the BCH fundamentals. If you do this, I can guarantee you that you will not regret anything after.

I know this may not be an easy thing for most people based on the reality of the current situation in the crypto market. People are under a lot of pressure to make the best decision when there is just no good way to choose. If you make the wrong decision, you might live to regret it.

In early May 2021, when the price of BCH was a little above $165, nobody thought it could raise as much as it did before the month ended. I see a similar pattern repeating itself. When the red zone in the market drop below reasonable doubt, you need to remember what happened in the past and use this as a learning experience.

While the future seems uncertain, it has its share of surprises waiting for you. I am wondering what those surprises will be, and at the same time preparing for the big bangs. My preparation for the big bangs is to continue accumulating more BCH by any means I can, adding to my BCH bags. You need to stay motivated, always remember the BCH fundamentals and BCH fundamentals will always be in line with your emotions.

The fundamentals never changed, a peer-to-peer electronic cash that works is what BCH is all about no matter the price or its value at any time. When you keep that in mind you will be able to keep your emotions in check.

Be prepared for anything, because when you do, nothing can surprise you. That's why you need to be mentally ready, mentally prepared, and a committed person that never wants to forget the fundamentals of BCH. Because when the time is right, we will all be there.

In conclusion, the market is very volatile and there's not much you can do except take advantage of the opportunities that are presented to you. When the time is right you will see what I mean. So keep accumulating any way you can, and keep learning.

Just remember, the fundamentals of BCH never changed, a peer-to-peer electronic cash that works is what BCH is all about no matter the price or its value at any time.

Lead image edited with Carva.


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1 year ago

Comments

Agree, the price might change but it's fundamental will never be.

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1 year ago

Nothing changes about BCH except the price which will recover definitely, I believe that huge is coming after this dip. You just inspired me to write something, thank you for the inspiration.

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1 year ago

I believe people shouldn't even attach emotions to any decision they are gonna make in this trying time, the best is to think of the fundamental of BCH, do it with logical reasoning and I'm sure there won't be any regret later

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1 year ago

It looks likely that there will be a bear run when this is over and you are right that it is the best time to buy. Question is that how many people actually have fiat money lying around?

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1 year ago

Omo, this could be it again, and it's kind of hitting harder this time around.

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1 year ago