And now what are we going to say? We go to 0.
Nov 9, 2022
The market is already red hot. BTC has lowered its level and of course, all other coins have followed suit. The BCH is not far behind and a few minutes ago its lowest point in years. The price of $87 USD for 1 BCH from before 2020 was not seen.
I always knew, that no matter how maximalist we are, the reality is that BCH, like any other currency, is governed by BTC, which is the main one and always will be. Things are hard but they have to be said as they are. The BCH does nothing but lose ground and then never recover, as it has always done in all these years. I don't see why I would change now.
The crypto world is extremely complex and the "acceptance" of other users as a means of payment is something that is far from being fulfilled. Just imagine that you sold your car for $10,000 USDT and get paid in BCH. This was a few days ago when BCH was at $120 USDT. They gave him 83.33 BCH for his car. But today the BCH is only $90 USDT and with an alarming downward trend. That is, now his car was sold for a value of $7,499 USDT. The loss is abysmal.
Personally, I have always criticized this and I do not see how someone in full use of reason can accept payment in some cryptocurrency taking into account these crashes. As a means of payment to send money super fast from one side of the planet to the other, yes, but immediately change them to USD, otherwise you enter the volatility of the market.
I'm also tired of looking at the price, and I'm still on HOLD, waiting for a miracle that apparently won't happen.
Now you might think that you would earn more BCH with each article but I am sorry to inform you that it is not so. Rusty only visits a few when the market is hot as in this case. If you are on their list, then congratulations, because otherwise, you will have to suffer a lot.
Excuse me if I am very harsh in my words, but clearly, things are better to say quickly and directly. Why walk with half measures when the situation does not require it?
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Disclaimer: This article is presented as it is, it is my personal opinion. There is no plagiarism in it and the sources have been referenced.
See you tomorrow!
We are at the receiving end as it is, the big Mungo's are tossing us here and there as it please them.