BCH - 1 Year later
Sep 17, 2022
It seems incredible that the value of BCH decreased around 6 times its price since it entered read.cash for the first time 1 year and a few days ago. It was around $650 USD and from then on, it was only in November, just as BTC went to the moon, that BCH simply broke through the $700 USD barrier and fell again. The difference is that this time, it was never replaced. It has been plummeting since then, to be worth a little over $100 USD these days, trying to survive and not fall any lower, although it has dropped below that figure.
More than 80% in losses in only 1 year. This figure is alarming. What awaits us in the coming year? Losing another 80% would mean that BCH would only trade for a few $30-$40 USD. We want to believe that everything will be fine, even against logic and what mathematics says. With a whole year of evidence, and yet we continue to believe that BCH will be the solution to our problems in the future. That is the full conviction that we are in love with a currency and will never turn our backs on it.
Sometimes I think that everything will end very badly and that it will go to 0 eventually. Leaving us all, especially those of us who have not changed our currencies to USDT, with a huge void. The time invested, the feeling of helplessness, the desolation, and the frustration of what could be and was not, would be abysmal.
The same thing happens that happened to many of us with the P2E Pegaxy game. When the VIS was at a high price of $0.26 cents, no one changed, expecting it to go higher. Even when it started going down to $0.16, a lot of us said, "I'll wait for it to go up to $0.18 again and I'll sell it." But this is recursive. If it hits $0.18 then you want it to go higher, greed breaks the bag, and you never end up selling it. Then it goes down harder and you resist selling. Until it all ends and now it's only worth a pittance.
The human mind is complex, even more so regarding money. You want to win more and more, and you don't see that you already have everything you need. I have wanted to wake up and see that Marc has visited my profile, or some other user with ample economic facility, leaving me a tip of a few thousand USD in BCH. It would be a dream right? But it never happened and I highly doubt it ever will. But hope is always present as well as the hope that BCH will once again exceed its ATH. Can you imagine BCH above $5,000 USD? With $50,000 USD in my possession, I would simply be a millionaire in my country.
Dreaming costs nothing, it's free. Even more so if he is awake. It is the law of attraction and if you make it manifest, good things will surely come to you. But remember: Money is not everything. Don't feel sad if this doesn't happen. Don't put all your hopes and your financial future on one possibility, which may never come to pass. It's just advice and it's up to you to take it or leave it.
See you tomorrow.
I shall be very pleased if BCH is steady for many years. Price fluctuation is a stock-like trait that good cryptocurrencies may try to get rid of by adopting innovative algorithms similar to stablecoins.