Anyone who has been around in the Bitcoin cash community long enough needs not to be told the usual troughs and crests exhibited by the Crypto although this is not peculiar to BCH but all other cryptocurrencies in general.
The volatility is so untimely that warning signals are so hard to find, whether on exchanges or any other financial website, no one can tell the direction things will turn in the next hour or so. The beautiful aspect of this volatility is, huge profits can be easily made and it’s also true for losses. But have we really lost any time BCH goes bearish? Let keep the answer to that for later.
The crypto world is indeed unique; that being said, one might wonder, is it worth it to keep faith in BCH even when the market is in freefall? Why should I trust BCH even when the value in dollars is spiraling downwards, almost without control?
BCH is still in its nascent stage, three years of life is just too young for the full potential of the coin to be seen. It needs time to fully develop. There may still be some technical deficiency in the network that power the coin, but going forward through users' experiences and necessary technical upgrades been done intermittently as it has been since its creation BCH will definitely be a good investment to keep up the faith in.
As we all know, gaining mass adoption is the major focus for BCH. Acceptance is what gives it value, not in terms of dollar value but usability which is the real value of a currency. BCH is gaining attention beyond our daily imagination. From Asia to Europe, from America to Africa, from Antarctica to Australia, and Oceania, BCH is gaining popularity across the world's seven continents.
A huge number of users are joining the Bitcoin cash chain every day and merchants as well. It doesn't matter how many BCH these users have to hold, the BCH culture is not much about holding but about its usability. The more people get to use BCH the better the future for the coin.
People still today feel skeptical about cryptocurrencies and consider it a scam. Cryptocurrencies have come too far to fail. There have been some shit coins that never gain traction and fall out of existence. BCH though still in its tender days has performed too far to fail. Sitting comfortably among the top-performing cryptocurrencies in terms of market value, BCH has shown enough potential to weather any Strom.
Volatility is the gain and offense in cryptocurrencies. Most people do not like the offense in cryptocurrencies so they are not in a hodling culture. But those who love the hodling culture do they really lose their BCH when the crypto market wears a red dress? That was the question we asked earlier in this article above.
In my little understanding since hodling BCH, I have found out that I have never lost any sat of my coins any time BCH fall in dollar value. What I have seen decreased was the dollar value and not my BCH SATs. If I have not taken my BCH SATs to the market for sale the rise and fall in dollar value do not affect me at all. Only those who are buying to resell for higher gain should be bordering about a fall in dollar value, but for those who are hodlers they know it will get there.
I remember 7 months ago when BCH was experiencing a free fall, and the value in dollar goes down drastically, and at that time the price of BCH was down to around $445. Many people cried all over the place while more others sold their coins in frustration. But I didn't do anything about the situation, and gradually BCH bounced back and go higher than the former level where it fell. As long your BCH SATs are intact in your wallet you don't have any problem, gradually the market price will be favorable again as this coin is a moving train aiming to get across the world.
BCH has a gradual but steady growth pattern, and I think it's the best. And it's also affordable which means a lot of people irrespective of class and status can own some. It's unlike its older brother BTC which has been accumulated in the hands of a few rich people who have the power or ability to decide which direction the market goes to favor their cause. Manipulation is not that much in play in BCH and a gradual rise in value provides a sustainable level in volatility. We can safely trust in this coin and watch as it gradually scaled through all challenges and become the world money it's meant to be.
We have seen how BTC has been manipulated and hijacked by some greedy developers, turning the best thing that could have happened to mankind into a mare asset and a store of value, deviating from the original vision of the founder. BTC can never be a currency again, it could best remain a good store of value that can keep increasing in price over time.
But that's not the case with BCH. It's not in the hands of greedy developers and can not be hijacked. It's created to have people inclusiveness with the poor and unbanked people around the world as its main focus. It's permissionless, borderless, and scalable. It ensures equality of financial authority and doesn’t give special concessions to any group of people. You can be a whale or just a person holding a few SATs, BCH means the same thing to all, a peer-to-peer electronic cash without a middle man (the bank). With BCH you are fully your bank, no need for a teller machine or an ATM card to shop for goods and services and the fees are very cheap. It aims is to solve real-life problems in a fast and accurate manner, including yours. Many times people may react emotionally during a swing not because there are no clear analysis, but they’re easily influenced by FUD (fear, uncertainty, and doubt).
It's obvious from the above that BCH has a strong future and worth keeping the faith in. BCH is here to stay; it may go through some more heat, but it will come out refined and shining even brighter.
This is great my friend I like where you said that it’s acceptance that give cryptocurrency it value and that’s very true
As long as we accept cryptocurrency then the value relative to anything be it dollar or any other means of exchange would rise
Great article man. Keep it up