The solution to handling your Bitcoin Cash BCH is all about knowledge

Bitcoin Cash does not distinguish between its users because of its intrinsic qualities. When it comes to adopting the Bitcoin Cash network, all users have equal rights and weight.

Bitcoin Cash will not discriminate on the basis of race, gender, wealth, or poverty. A leaderless, decentralized system operates in this way. In the Bitcoin Cash network, anyone may become and build anything. There is no requirement for specific authorization. No proof of your goodwill is required. Bitcoin Cash is a decentralized digital currency with no central authority.

The knowledge you have about Bitcoin Cash BCH determines how you handle it. This has immense implications for people who do not have the fundamental knowledge of why Bitcoin Cash BCH was created and what this new network stands for. The key is to understand how to get the most out of Bitcoin Cash BCH. And this is where having a sufficient understanding of it comes in handy.

Because of this lack of knowledge about BCH many people handle it the same way they do with any other digital currency. Bitcoin Cash BCH was created to liberate you from the trouble associated with sending money through the traditional financial system. And, more than any other digital currency, Bitcoin Cash is a decentralized cryptocurrency that provides you the freedom of transacting without permission from the mainstream.

In fact, Bitcoin Cash was never meant to compete with the legacy digital currencies like BTC nor to replace the world government currencies. Its goal is to fulfill the vision of Satoshi Nakamoto: that all users have the same rights and weight. A decentralized currency that works the same way as any other currency and therefore should be valued in the same way. This brings us to the problems associated with handling Bitcoin Cash BCH.

Bitcoin Cash BCH is not created with the goal of making anyone rich overnight. It is designed to satisfy the need of many to save money, prevent errors when sending, spending, and transferring money, and use it as a universal currency. Bitcoin Cash BCH, therefore, appeals to both new users and veterans who want a decentralized cryptocurrency and the ability to transfer money at the lowest cost possible without permission from the banks.

Bitcoin Cash BCH is not much about amassing wealth and shouldn't be regarded as such. It's created as sound money that works in a decentralized fashion and is transparent. It's money meant to be spent, saved, and exchanged from person to person like every other currency in the world. The goal of the Bitcoin Cash BCH system is to make your life better in your financial dealings.

The single biggest problem most of us have with handling Bitcoin Cash BCH is a lack of knowledge or a total forgetfulness of its fundamentals. You should always keep this in mind. We view Bitcoin Cash BCH through the lens of BTC and expect it to behave in a similar way. Bitcoin Cash BCH is money meant to be spent but the other is not. This is exactly where the problem lies.

Indeed, we all want the price of Bitcoin Cash to raise significantly just like BTC has done. It is easy to understand why people are cheering for Bitcoin Cash BCH to go trading at over 1000 USD per coin, but we must not forget that Bitcoin Cash is money meant to be spent. Its fundamentals are very much different and therefore need to be treated as such. The only issue I see with Bitcoin Cash is that there are not sufficient places where users can spend their BCH without having to first exchange them into fiat money. As long as Bitcoin Cash BCH is being spent this way, it will not do a 10x rise in price in the near future. But this is not a problem to worry about, the usefulness of the currency is what matters.

Even so, some people are still led by greed and only perceive Bitcoin Cash BCH as a source of profit. This leads to risky behavior that costs them a lot of money. You will never lose money if you use Bitcoin cash the way it was intended. However, if you use leverage to trade Bitcoin Cash BCH, you will almost certainly lose money.

I'm not trying to persuade anyone to agree with me, but here is what I know about Bitcoin Cash BCH, which anyone interested may lookup on the internet and learn about. My goal is to simply communicate the core understanding of Bitcoin Cash that distinguishes it from other digital currencies and will eventually lead to its adoption as a worldwide currency. This has been the trajectory of the Bitcoin Cash BCH revolution since its inception, and it will continue to be the trajectory in the future.

Bottom line

Bitcoin Cash BCH will always be in the same place as Bitcoin Cash because its fundamental concepts are quite different. No one should be shocked or disappointed to see Bitcoin Cash BCH values escalate only by 5% since the forks. Remember that Bitcoin Cash BCH is currency meant to be used. Anyone looking for gains will need to wait a little bit until Bitcoin Cash BCH gains global adoption and usage.

The way to keep value in Bitcoin Cash BCH is to use it like cash in your pocket and spend it. If you can spend Bitcoin Cash BCH at a local merchant store near you, you add value to the Network irrespective of the price in dollars. When the Bitcoin Cash BCH merchants are more common, then the rate of Bitcoin Cash BCH price appreciation will naturally rise. This will happen in a predictable way because Bitcoin Cash BCH is a currency meant to be used.

Disclaimer:

The information presented in this article is my own personal thoughts and views. I am not a financial advisor or any kind of professional guru in crypto. The article is not financial advice or investment advice. Please perform your own research and do your own due diligence before investing your time or money.