The reasons they won’t invest in bch

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2 years ago

Bitcoincash is actually one of the most (if not the most) underrated cypto projects currently in existence. I don’t think there is any crypto in the market right now that is more crypto-like than BCH. If any crypto at all should be toping the chart then, it should be BCH. But unfortunately, it is not even among the top 20 presently.

Considering the ability, how user friendly it is, the utility qualities, it is not out of point to say that BCH is BITCOIN and deserves all the fame and credit more than BTC. But investors are terribly looking down on it. some of them attempt to give their reasons which I think are not valid enough and there are other underlying reasons also which they will not come out publicly to say (some of them do anyway).

They say the price is too low

This is like their favorite line of defense which is obviously a ridiculous reason not to invest in a coin that you have done fundamental analysis on and found no fault. Yes, BCH price has consistently stayed low and haven’t exploded but its surely on a steady growth. If price should be the actual reason people lose interest in a coin then, there are lots of coins toping the chart now that worth less than a cent. I don’t think price is enough to stop people from investing in any product at all especially when it is crypto that could be bought in bits and there is no limit to the amount one could own. As an investor, it is even best to put money into a product that is still undervalued.

They said the marketcap is too low

This one is clearly not a valid reason to be honest. Isn’t the market cap supposed to be the result of the money pumped in and out of a coin? If so, is it not until many people find interest in a coin before they decide to pump money into it? why should that be a valid reason when the fact is that, once you keep trading or invest into bch, there would be a corresponding increase in market cap. And the more the data increase, the more other investors and traders would become interested.

They have developed hatred for the bch community

This is one major reason I have discovered to be very true over time. These group of people are aware of the good sides of bch but wouldn’t care to give it a try. They perceive bch as a threat to their ago. They are at war in their mind with members of the bch community who probably are not aware of this. Because of this hatred that has overwhelmed them, they made it a choice to overlook bch and therefore miss the numerous opportunities therewith. They deliberately talk things that are against and untrue about bch just to discourage others from tying it out. That by doing so, they could satisfy their ego.

They are btc Supporters

These group of individuals have long ago, lost sight of what crypto is all about because they chose to be btc loyalists. They don’t see anything wrong with the backwardness of btc in terms of efficiency and they also don’t notice anything wrong with the issue of censorship going on in and around btc. These people probably don’t give a thing about btc either but their selfish gain. They are sticking with the sleeping giant now but may likely disappear when they notice it has died in its sleep. They only understand bch as a tool developed to be used in an attack against their favorite btc. Therefore, they only perceive it as a threat.

They don’t like projects that everyone could benefit from

These people don’t support any project because of its fundamentals, they don’t even care to go make those supposedly boring research and analysis. They just wait for any coin with their chunk of money, pump it, and then dump. This way, they keep making gain from other people’s cluelessness and ignorance. They don’t support any project perceived to be beneficial to the society in the long run therefore, bch is a big NO for them.

But the few people supporting bch now are original supporters. They are dedicated to the course and are fully aware of the target. Even though bch is moving at a relatively slower rate, the consistency is what really matters.

Bch will surely get there!

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2 years ago

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btc marxists

Typo or i don't get it

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2 years ago

Definitely a mistake. Thanks for pointing it out.

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2 years ago