BCH survived the bear market before, it will still survive again

Right now the cryptocurrency world is in grooming. BTC, BCH, ETH, and other cryptocurrencies are nose-diving in value as all assets continue to fail. But, there is yet to be a currency that has achieved buy-and-hold levels, and it looks like those days may never be coming.

Many of the whales have turned away from Bitcoin Cash in recent months, but the situation across the cryptocurrency market is still very the same, led by the uninterrupted free fall of BTC valuation. Some folks are getting spooked or scared by the falling price and thinking of liquidating their holding to save their portfolios from being wiped out, but my question to such folks is this; if you didn't sell your BCH at $1k, why should you think of selling at just $100?

The reason why you hold on to your BCH to this day was that you were saving for the future with the hope that it will increase in value with time. Are you already in that future now? If you have BCH in your holdings and are thinking of selling, this article provides some encouragement.

As we all know, this is not the first time that the crypto market crashed. In fact, there have been several periods in history where cryptocurrencies experienced double-digit collapses. As Forbes reported, BTC, Ethereum, and XRP went from a combined worth of $1.65 billion at the beginning of 2017 to about $130 million before the end of the year. Litecoin was reduced to $25 million, and most other altcoins of the time were almost completely wiped out. BCH went from $3,895 to around $75 per coin, the historical all-time low that most of us know about.

While most think that it was the end of BCH, it was actually the entry point for most of the whales who missed hard-fork benefits and took advantage of the lower price to gobble as much BCH as they could. It is still the case today. While you are thinking of selling your BCH at $100 to save your tail from being burned to ashes, some people are waiting to gobble them up as quickly as they can.

The numbers of BCH users were not as many as it is now. The crash was an opportunity for many people to not only get on board, but also to sell their BTC, ETH, and LTC holdings for BCH right at the bottom. It is these folks that are holding the front light of BCH and letting it appreciate in value. They are the whales of today, and if the currency survives a further dip down to the $100 range, they will be rewarded for their patience. This is just how investing in cryptocurrencies works.

BCH survived the bear market before, this time will not be different. The panic is understandable, as the market is not doing well right now, but this is the time to find refuge in the safest coin. If you want to become the next BCH whale, here is another chance for everyone to gobble up as much BCH you can afford right at the very bottom. BCH is still at a good price for anyone to buy as much as they can. You could risk much less to get a good return and put your BCH into a well-performing investment.

Barely anyone saw this crash coming, but BCH is the best play for the short-term and long-term right now. There are a number of buying opportunities right now in BCH, and you don't need to spend more than $111 on any one coin to end up with around $500 to $1,500 in value in the near future. The long-term target should be the focus now, this is the accumulation period and there is still a long way to go until you are sure you are comfortable with your BCH holding.

My advice to those who are thinking of cashing out is to wait and see how things pan out in the next few weeks. There could be another bull run for BCH, but at the moment, the market is a bit bleak. Although we know how well BCH has done in the last few months, we have to bear in mind that BCH has always survived the bear market unscathed. It will not be different the time around either. The sellers will still be there, while the opportunist will be waiting to gobble up as much BCH they can afford. These will be the whales in the BCH community in the near future.

The truth is that BCH is one of the best cryptocurrencies to hold right now. The market is in a sad state right now, and it will take months for the market to recover. There will be good times and bad times for BCH in the future, but right now, it is still one of the best coins to hold. At the very least, it is an absolute steal at the current price.

In conclusion, just like before, BCH is the best play for anyone who is still looking for an opportunity to profit from the current bear market. The plunge in price will be temporary. It will also be exciting for those who can manage to grab a bargain before the price turns around.

There are a number of opportunities to buy BCH right now for the long-term, but those who are looking for a quick cash influx should wait for things to clear up a little bit. The current price is not the best, but it is still quite good. There are just enough whales to keep the price up, as they help to stabilize the markets. This is just a necessary phase of the long-term investment. Once this is over, the markets will come right back up, and people will be back to start buying again.