Nightmare on the street BTC: micro-story of a black Monday.
Today in the heavy and expensive streets of BTC a lot of blood has flowed. Thousands of euphoric liquidated let their guts run in the city of greed. It doesn't matter if the transactions are slow or expensive: only the fiat junk they have lost matters. These zombies walk in terror being observed by infamous faces illuminated by a ridiculous red gaze, which keep calling "Hodl to death" and thus continue stacking columns in a weak mountain of cards.
I tell myself: don't listen to those greedy faces just keep your focus on the roots: A Peer-to-Peer Electronic Cash System.
Buy, Hodl and Spend BCH https://read.cash/@Holdbch/unpopular-opinion-about-donations-at-bch-59535a05#buy-hodl-and-spend-bch
Unpopular opinion about donations at BCH
I have a few words to say about donations in the Bitcoin Cash community. I find it great that there is a willing spirit to improve Bitcoin Cash in every way, both technically supporting application developers and nodes. It is also very important to support the initiatives and go strong in increasing the Branding of Bitcoin Cash as a brand, I think that it is essential that there are marketing campaigns promoting the use of Bitcoin Cash as electronic cash peer-to-peer.
The point I want to address is about donations that do not contribute anything to either Bitcoin Cash or the lives of the people who receive them. I'm talking about donating to food programs like EatBCH. Don't get me wrong, I fully understand the good intentions of this show. But my fundamental objection is that it simply does not contribute anything to any of the parties involved. The one who donates on behalf of BCH believes that he is leaving Bitcoin Cash high, however I do not see the glory or contribution that the fact that the name of Bitcoin Cash has to that of people in situations of economic fragility with a bag of food . How is this supposed to contribute BCH? Worse still, after finishing that meal, how have these people benefited? Are they really using BCH or are they just waiting for the next donation? I'm not criticizing anyone's work or intentions, but this donation model is definitely not contributing to society or Bitcoin Cash.
I believe that a model of direct donations could be advanced to people who really want to change their lives and add value to society. Initiatives of small businesses or microentrepreneurs which accept and spread the value of Bitcoin Cash, people who do not have the capital to start or grow their businesses. Small entrepreneurs. In this way, both parties would be earning equally and BCH could be projected as a cryptocurrency that generates changes in people's lives. EatBCH can join this model by organizing its beneficiaries who may have a trade, profession or skill to create a small production unit or business that accepts BCH. This would be a real change in the giving model and an important contribution to adoption.
Buy, Hodl and Spend BCH
Hold BCH 2021: Why and how to do it?
In 2009 an enigmatic character under the pseudonym Satoshi Nakamoto made a gift to Humanity called Bitcoin. This gift is just the last known link in the evolutionary chain of money. Bitcoin is conceived during the financial crisis of 2008 whose consequences are still being felt around the planet. Bitcoin has come to change money as we know it. Money that is controlled by governments and states through their central banks, we live in a society with a financial system inaccessible to the majority due to its complexity. Bitcoin is simple: a network where two people can make a transaction without the need for a third party. This is a sublime simplicity, since it has the ability to take control of the money monopoly from the States and their central banks.
2020 has been an atypical year which has served to create awareness in many large investors about the true value of Bitcoin and cryptocurrencies. 2020 has been a year full of inorganic money printing as a strategy by politicians to appease the general discontent of the population over the mishandling of the global health crisis. Only for the United States an annual inflation of 20% is calculated due to this great monetary expansion (which will continue in 2021), this inflation will be reflected first in the increase in the value of assets such as stocks and cryptocurrencies. The effect of this massive money printing will be on a global scale. Many of the governments will try to take away freedoms in the name of the national and health security of all in order to control any attempt at popular upheaval against these measures and the mismanagement of public and economic policies. The least prepared populations will be very affected economically as inflation and the increase in taxes added to the lack of employment due to the pandemic will make family economic progress very difficult.
The following years will be, for me, a chaotic transition from the old financial system under fiat currencies to the new and vibrant system governed by decentralization and the economic independence of individuals. It is a peaceful change because the weapon that individuals are using is our own money, keeping it away from those who try to steal our energy with inflation, taxes and prohibitions. Bitcoin is not confiscable and it is anti fragile. It withstands any long-term fluctuations due to its scarce property and cannot be expropriated by the government. It is cross-border, basically, you can use your money anywhere in the world and adoption will grow exponentially throughout this decade. Bitcoin is the weapon to protect your family from poverty. If these are not enough reasons for you to buy and keep your cryptocurrencies, I cannot do more than wish you luck.
Why BCH?
Without a doubt, BTC has dominance in the market at the moment and will continue to have it for a long time. However, BCH is still better than BTC. The BTC community is still very focused on continuing to drive the price of BTC and not on improving the network. This in the long term will cause many of the institutional investors to turn to see the best options and there BCH enters immediately. Bitcoin Cash maintains the same scarcity property that BTC has, there are only 21 million BCH. However, BCH is faster, safer and with fees accessible to everyone. So if you just want to buy $ 1 in BCH you can do it directly on their network, unlike in BTC it would be necessary to use the lightning network for this purpose, not all wallets and Exchange use this network. BCH is used all over the world and you can buy it on P2P platforms such as https://local.bitcoin.com/
When it comes to price, BCH is still a long way from hitting its ATH but once it does it will be unstoppable. Only the difference from the current price to its all-time high would represent a x8. We will really see it in the next year.
What strategy to follow to buy BCH?
One of the best known investment strategies is Dollar Cost Averaging (DCA), this strategy is really simple and adapts to any type of investor. The biggest advantage that I find to this strategy is the ability it has to help us manage our emotions. Its simplicity is based on its success. It has very clear rules: it consists of buying any asset at intervals of time during the investment. It also serves as a savings strategy. So, for example, you can save your money in BCH every day, week, month or year. The idea is to buy the same amount of the asset periodically regardless of the price to then obtain an average purchase price. You can start by buying $ 1 a day. Or $ 10 per week. This will depend on your profile as an investor.
Dollar Cost Averaging and saving have in common that they are two processes that to carry them out require, first, creating a habit and second, being constant.
As I have already mentioned, DCA is an investment strategy that consists of entering the market periodically. But at the same time it is also an interesting system that encourages savings.
Saving becomes an impossible mission for many. Some because they cannot afford today's wages and others because they are unable to save. They enjoy spending and can't help it. If the same thing happens to you, I'll give you some advice.
To save successfully, you are obligated to give yourself priority over all things and "pay yourself first." Establish a% of your income to use for savings, month after month and year after year. A fixed payment, as if it were the installment of a loan or the electricity bill.
Once you can create the habit of saving and do it automatically, put that money to work immediately using the Dollar Cost Averaging strategy.
**BCH is coming!**
@Holdbch
