Why should I continue to hold BCH?

The heading to this article is one of the many questions that form several debates among BCH users in recent times. As it is, it's quite clear that the debate will not end soon as the price of BCH keeps plummeting. Being a BCH user and a promoter, I will like to drop my submission on the subject, "why should I still continue to hold BCH".

Holding BCH is like the two sides of a coin. You, the user on one side, and the BCH network on the other side. Users are always in control of their funds, but you still have to trust the BCH network to do what it was designed to. The chances of BCH going to zero or going into extinction are so slim that it isn’t something anyone should worry about. However, if there is one thing that life has taught us as humans, it is that uncertainties are the way of life. But fortunately, the BCH network isn't owned by anyone nor is it been managed by any institution. It consists of many individual users, nodes, and miners who are connected to keep the network running at all times.

The concept of decentralization shouldn't be rocket science to anyone, it simply means not for anyone but for everyone. That means no individual has the power to hijack the Network and cause it to fail. Every individual user is an integral part of the Bitcoin Cash ecosystem, so it will be impossible for any form of collaboration to shut down the BCH network and drain out the funds. The concern most people have with the use of cryptocurrency is that anytime something goes wrong somewhere in the crypto-verse panicking always set in as though what happens in other chains is going to happen on the BCH chain as well. The BCH adoption rate and use cases are strong enough to be trusted.

Humans are always adamant about changes, and when greed is at play, they love to keep things the way they want them to favor a few at the expense of many. When BCH was forked, a lot of opposing people thought it would never see the light of day. Some called it a shit coin, others tried changing its name by referring to it as Bcash. Yet look where we are now. BCH is almost becoming a household name in many places around the world. The price may change but the fundamentals remain the same. The utility is key to the sustainability of BCH as a digital currency, and it's these utilities that will move BCH to the level we all dream of.

The BCH technology is a disruptive technology that seems to be far ahead of its competitors. BCH is solving a technological problem that exists with BTC which most people don’t think about in the first place nor do they want to admit it. Not because there is no evidence about that, but simply because greed wouldn't allow them to accept changes as long as things are in their favor. Despite that, a lot of people have already put their trust in BCH technology as a medium of payment instead of the traditional banking system of payment. An example of this is the Caribbean nations. BCH technology is designed to be a medium of payment and to enable users to send money to anyone in the world at little to no expense.

Furthermore, BCH as a currency is gaining adoption among merchants as a payment method. That is made possible on the ground that with BCH;

• Transaction fees are relatively lower compared to many other cryptocurrencies.

• Transaction processing time is fast in a sprint of a second.

• No additional infrastructure is required.

That's a lot for anyone to keep holding BCH.

Moreover, if you desire a better alternative to the current financial system of governments and their banks, BCH is best for that mission. I am not telling you to spend your BCH. Of course, it's all your choice to choose what to do with your BCH, only you have control of your wallet. However, the benefits and potential of using BCH for various types of purchases give a feeling of excitement and financial freedom.