How to enjoy BCH as an average hodler

Volatility is something that most people on this platform and noise.cash do not yet understand. It's such that has left so many dumbfounded and confused about what is happening to the money they have saved in their wallets. I have had to help some newbies understand crypto volatility and how it affects BCH. Most users still don't know what they are earning here is not the dollar, they keep looking at the dollar value in their wallets and anytime volatility occurs they found themselves in shock. Some have gone about thinking someone stole their money, and funny enough, they don't care to learn about the fundamentals of BCH.

Someone chat me up on telegram a while ago, saying that he doesn't understand what is happening to his money on read.cash account, that it is decreasing rapidly and I should help him to stop it. Funny as this may seem, but it's real among many people especially the newbies to Crypto. I did my best to explain to my friend how BCH works relative to volatility.

Due to the recent crypto market crash, many people who have no previous experiences with volatility found themselves in disbelief to see how the money they have been saving was reduced beyond half the original amount for a reason they can't understand. In response to this, a fellow said to me that BCH is only good at the time of receiving it and that saving it is only a gamble. This response took me aback. I posted this on noise.cash to seek a useful opinion about what my friend said. Luckily, a good fellow gave me a good explanation of how BCH works and how we can enjoy it.

According to @Pantera, I quote him. "The culture of BitcoinCash is about spending and replenishing. It is a move away from the fiat economy and has no "hodl" mentality which is only justified when someone wants to push price upwards. As investors, we see the opportunity and buy and hold, but also we try to spend Bitcoin cash as this is its purpose. What these guys mean, is that Bitcoin Cash has a purpose to serve as cash. Investing has risk, however, the odds are great for BCH as an asset too"

From the above, I saw what I have been missing about BCH and many people are also missing it like me. We can all enjoy BCH as average hodlers when we know how to handle it. The Hodl mentality is not a culture of Bitcoin cash, no one is pumping anything here because BCH is not a pump and dump coin. Hodling without spending for a long time as an average hodler can have negative phycological effects on a person when you are not Hodling for the future but just saving BCH for a need. There is no time BCH price will be steady and no cryptocurrency has achieved that. So what do you do to get the most out of your BCH amidst volatility?

Spend and replace

We must have heard about these terms before, "Spend and replace", but no one has explained properly how to spend and replace at the same time. It seems confusing to a newbie. I had a conversation with a fellow on noise.cash in line with this discussion, he complained that BCH has refused to rise in price for him to get back the money he puts in it. You see, my friend was waiting for BCH to get to the moon, and even when the price was at 1k it wasn't just not mooning enough to get something from it, and now the price went down to half that amount suddenly.

There's no way we can enjoy BCH if we don't know how to spend and replace it. The best language to describe the cryptocurrency market is "up and down". Spend and replace work with the up and down movement of the cryptocurrency market. When BCH prices go up, you spend by or take profit by selling some or all of your holding. Wait a while for a down movement to replace by buying back at a lower price than when you sold. In this way, you have successfully spent and replaced in my understanding. However, if there are BCH merchants available near where you live, you would not need to sell or convert to Fiat currency to spend your BCH. The only way to replace is to either buy back or earn it.

Additionally, to replace means to have the same amount of BCH you have before you sold or spend some. In this case, you sold or spend a small amount of BCH and replace or buy back a larger amount of BCH which is your gain.

Investors see an opportunity in BCH, so they bought and Hodl waiting for the future. They are not moved by market volatility. Their goal is to Hodl for a certain period to make good gain from it. This is not for the average joe or average hodlers who can't control themselves during market volatility.

So you should know what's your purposes of Hodling BCH. Your purpose should guide you on how you spend and replace your BCH going forward.