BTC Maxis, exit to BCH now while it's still cheap
I read an article written by a certain Sylvian, entitled "You do not need a Bitcoin exit strategy because BTC is an exit strategy from this system" the topic seems to draw a lot of attention, especially among BTC maxis. While the stories in the article look interesting to read, the details presented are not in any way in line with the BTC we know today. I have always wondered why people would not just tell themselves the cruel truth even though it is very clear that BTC today is not the same as the one created by Satoshi Nakamoto years ago.
Sylvian opines in the article that Bitcoin was not designed to make anyone rich overnight but to give financial freedom from the currently rotten financial system and to allow anyone to live a life in harmony with it. If you look at it, that description does not fit BTC news today. It would be fair to say that the author in question was writing in vague classes when it became clear that the BTC today was not what Satoshi intended.
Why will they not need an exit strategy when you no longer have the freedom to spend your BTC because of the high transaction fees. Wealthy and institutional holders like Tesla are able to move their money after making huge profits, but for the average holders, transaction fees are now becoming a bone in the neck which is hard to swallow. There seems to be no way around for regular BTC users unless you pay half of your money to miners or leave your money in the blockchain.
The $20 transaction fee may seem small to wealthy and institutionalized people but to people like me who only tried BTC because of peer pressure that amount is much higher than previously thought. And you tell me not to have an exit strategy.
For example, at the time of writing, sending $20 BTC is no longer possible on so many exchanges. You have to pay $16 for the transaction and end up with just $4 which can take forever to process. I have my fair share of this problem when I try to send my BTC from the Luno exchange to my private wallet some time ago. I was shocked when I was informed in detail that I would need to pay a $16 transaction to send $14 BTC. The transaction fee was higher than the amount I was trying to send.
But what is the problem with BTC? Why are the transaction fees going higher by the day?
The reason is simple, it is inflation, a direct assault on what BTC was created to be. When the number of people using the network and increasing at a steady pace, the blocks are full and it costs the miners too much money to create blocks. Instead of adding new blocks, they are just adding them more and more upon one block often to squeeze as much BTC as they can out of people before they stop using it and move on to something more profitable.
The result is a fee system where users have to pay more in order to send money that used to cost next to nothing. The BTC we know today is not what Satoshi intended. The plan was for BTC to be an efficient payment system to give financial freedom to everyone and to allow anyone to live a life in harmony with the economic system which is now designed for the ultra-rich.
Instead, the BTC network has now become a hub of hobbyist miners who demands higher fees than a successful economy needs and that are not willing to improve the infrastructure to increase the number of transactions. All they care about is profit.
From the above narrative, you can’t tell a right-thinking mind that they don’t need a plan to get out of BTC or you want them to stay under the deceptive power of a few BTC game players. There is a perfect BTC exit strategy that I present to you below.
BCH is the perfect exit from BTC
BCH is the perfect exit from BTC that every BTC maxis should consider before it is too late. If you are thinking about BTC being Bitcoin for you then you have a better BTC to exit in BCH. The freedom you need and the ability to live your life according to your terms is what BCH aims to give. BCH as a complete exit from BTC is already playing out now. BTC's major gaming and trading platforms that previously block BCH have seen it as a great way for their users to receive their money. This means that BCH is gradually taking the front seat as the real BItcoin.
The best time to leave BTC to BCH is now when it is still cheap. A win-win game. Switching to BCH improves the Bitcoin cash network and makes you richer than you could have done with BTC. Freedom to buy, save, send and receive BCH without fear of high transaction costs are enough reasons to switch to BCH.
If you are considering continuing the Bitcoin concept introduced in the white paper of Satoshi Nakamoto, BCH is the original version of that white paper. Peer-to-peer electronic cash, can not be controlled by anyone and can never be. It’s cheap and quick to transact. And a good store of value.
When we say BCH belongs to everyone we really mean it. No BCH roadmap, a network, and money for everyone. Anyone can build businesses on the Bitcoin Cash chain with the freedom of access to tools and technical support. BCH does not have an official road map because it is a network and money for everyone. Everyone is a contributor to the chain. New innovation is a feature driving BCH. You have a perfect exit strategy from BTC, and that strategy is BCH. Just think about it.
While reading your article it reminded me telesfor post when he wrote that BCH is for everyone, for younger, old, poor, rich, Muslim, Catholic. He mentioned everyone for whom bch belong. I still remember six months ago when I stepped in the world of cryptocurrency, the transaction fee of BTC was too high at that time and now it's getting more higher than expectations. Literally speaking I've seen my future in bch. I don't need to think more about BTC. That's it.