Good day to my fellow BCH lovers and to all my happy readers. I have not dropped an article for a while due to some reasons which ‘lack of ideas to put in words” is a part. I have also been a little busy with other stuffs. I didn’t believe in writer’s block till now but I don’t know for sure to say; I’m beginning to experience it. Maybe, it is not writers block after all but because I’m not a fictional writer that cooks up stories but just a BCH lover like you who loves to write about his beautiful experiences in the BCH world and cryptosphere at large. I got inspired to put this one down from my experience with one of my friend who just started seeing the light in crypto and is deciding to get involved. Because he is aware of my involvement, he decided to have a talk and I surely used it as an opportunity to open his eyes even further.
Since last week, the grass has been green and wet in the crypto world and the inhabitants has been smiling. This fact is beginning to attract those outside who initially were enemies of crypto to come get themselves involved. The reason for this is that, many people only value crypto for the money they make from it and do not give a thing about its fundamental values. When they come in when the land is green, they often never last because the land eventually goes dry then they run out again heavily injured and the cursing will continue. This is only happening because they lack proper orientation and haven’t understood how things run around here. This is the reason people like myself, you and many others who knows one or two things about the cunningness of the crypto world are encouraged to guide these noobs and stop them from making wrong choices so they could at least stay for a while and get to experience the good fortune of genuine projects like BCH which we are enjoying today.
He actually came to me to ask of my opinion about SHIB which is currently on the hot list now for its recent surge in price. I wasn’t surprised at his interest in SHIB at the moment because that happens a lot with those who do not really have the understanding of crypto and are totally clueless. I was actually patient enough to give him a piece of my mind and shared with him my personal experience.
When SHIB initially got listed on Binance earlier this year, it was a bomb and everyone was excited to put some dollars into it for the sake of FOMO (fear of missing out). I wasn’t left out either even though I was wise and cautious enough to just give it a try. I put just 10 dollars into it and funny enough, it started crashing few days after that along with other crypto. It was fair and understandable because the price of bitcoin often influences the price of other cryptos and they mostly move together. But the reality came when BTC, BCH and other cryptos started rising from that crash while SHIB remained relatively low and continued to go deeper. My 10 dollars went down to 3 dollars which means that it was down to about 70%.
Elon Musk known for his love towards meme decided to share a picture of his pet few days ago and SHIB pumped up to more than 80%. This goes to show nothing but prove that, SHIB is just another meme coin subject to individual manipulation. Recall that those who put in their money to DOGE when it was selling at 0.6 dollar ended up losing really hard. That happened when Elon Musk decided to make meme about DOGE and clueless people fell for it. Those who understand the game around here, willing and ready to play it take the risk and sometimes end up making massive return but that is definitely not for someone who is a new comer searching for greener pasture in the arm of crypto. Any coin capable of absurdly pumping very high within minutes or hours is obviously not as trustworthy. The fate of DOGE is now dependent on someone as influential as Elon to head gullible individuals towards it, so it could pump and dump again. Same thing is going to happen to SHIB. The people usually at the receiving end of this misfortune are those coming new to crypto and clueless investors. Even if it is worth it to invest in meme coins like Doge and Shib which to me is definitely not, it is better done after a crash and not at its peak just as now.
Reasons BCH is better for Beginners
With its current market cap, other values aside price, projects on the blockchain like smartbch, it is clear that bch is a trustworthy coin. BCH is not answerable to one man no matter how influential they are, therefore it doesn’t pump so high for some people to dump on others and it doesn’t remain stagnant because someone decided not to give it attention. BCH is a coin of the people and only the people determine its movement. This shows that it is totally out of individual control and those are the features that prove a crypto to be safe and trustworthy.
BCH is good for beginners because no matter the crash in the market, it would never go as low as shitcoins would and there is always an assurance of it coming back up when the market returns. This would clear FUD, give a beginner rest of mind and constant return on investment. Bitcoincash is in a phase where it is continually growing and many good things are happening within its community. Considering its current low popularity status, usability and adoption rate, BCH is by far the most potential coin out there.
It was a long chat but I made sure to point out the important points to him. He better start with BCH and when he is mature enough and ready to dash out money then he can try out meme coins at his own will and risk.
Elon knows he is just playing games and enjoying himself which is why he never goes for important coins like BCH that has the potential of changing the world and saving people from financial bondage. I wouldn’t wish for any noob to fall for his tricks anymore.
This is great article 👏