BCH, -12% in a month! Total disaster.
Dec 25, 2022
Note: Please, it is not necessary to tip this article, or any other that writes again on the platform. I simply write to share with you my point of view quickly. These are difficult times for everyone.
I check my Bitcoin.com wallet and analyze the current price of BCH against that of BTC and ETH. Hard to see how without warning, BCH goes to the bottom again on a negative slope while BTC and ETH lateralize their price. Could such a bad coin exist? When I put the price in 1 month, the price of BCH was around $116 and BTC was around $16,500, but now BCH is struggling to hold $100, this implies a drop of more than 12% if we do the calculations in great detail.
If you look at the BCH versus BTC charts, you can see how the joke tells itself. Even when BTC hit almost $18,400 on Dec. 14, BCH only went as high as $110. Amazing, right?
And now, the BCH
All the ground he had gained, he lost in the twinkling of an eye. As if he had no interest in winning.
It is that I have been telling you these things for months now, that no matter how fanatical and maximalist we are of BCH, it is still an extremely small currency.
The other days I analyzed my situation seriously. I had never bought a BCH with my physical money, that is to say, I was covered on that side. But I had sacrificed time, a lot of time to these platforms, to write and to obtain each one of those satoshis. Nothing is free, absolutely nothing. Although obviously thank you for the opportunity, I repeat, it is not free. There are many hours delivered to these lines so that the price falls to zero and not suffer it.
A few days ago in a similar article, a user reproached me for some things in the comments, including saying that Marc had sold most of his BCH, and where he got this from. Well, he did, and it was several months ago. Here you can see the tweet and analyze it for yourselves.
A hug and Merry Christmas!
BNB -22%
XRP -15%
DOGE -19%
ADA -19%
DOT -17%
LTC -14%
SOL -20%
and so on.
Most coins have lost more than BCH in a month. Wait for the bull market and don't cry.