BCH and the red sky

May 10, 2022. No. 240

A few weeks ago we never thought that Bitcoin (BTC) could drop below $35,000 USDT so easily. At least we thought there was support for that number. But in the last few hours, and uncontrolled sale has been unleashed and there has been no support capable of withstanding the fury and extreme fear on the part of users. Even after a long time, BTC traded below $30,000 USDT again.

Obviously, extreme fear makes sales massive and the entire crypto world suffers abysmal falls and is in the red at the beginning of the week. This especially affects BitcoinCash (BCH) in a way that, at least to me, I had never seen.

I went in to read.cash in September and was previously unaware that BCH existed. My world revolved around BTC, ETH, and LTC. But BCH opened my doors and eyes to a new opportunity and a different way of thinking. Finding a platform like noise.cash and this one, that works perfectly, straightforward, and without any evil hidden schemes like a minimum for withdrawal, was heaven for me. Like this platform, no other, that is something 100% sure. It was then that you fell in love with a platform and its currency.

Bukele, the president of El Salvador, announced on his Twitter account that he had bought another 500 BTC at an average price of $30,744 USDT.

Why does a president of a country do so much for the crypto world? Perhaps his youth and his ways of seeing the world make him think differently and recognize all the potential that this universe has. The decentralization of money makes people have power over their funds. The first Bitcoin city came out of his ideas and is already a reality. On Youtube, you can find different videos so you can see what it is like to live there. Without a doubt, a paradise for all lovers of cryptocurrencies in general.

I have a little over 3 BCH and have never sold it. I have only tried to trade a few times, but I always end up buying at almost the same price I sold them, and in some cases, even buying a little higher. Trading is extremely difficult and full of emotions. At least I'm not meant to. The feeling is as follows: You sell your BCH and you want the price to drop in 2 minutes to buy more, or vice versa. But the opposite happens. Generally, when you buy, the price goes down, and when you sell the price goes up. It is as if someone is watching and waiting for you to take that step.

So I prefer to do HOLD. I have been holding my BCH for almost 8 months and waiting for the price to skyrocket, or break its all-time high. Right now 3 BCH * $1,700 USDT = $5,100 USDT. This money is literally a fortune for someone like me. Since all of us hope and know that in the future BCH will overcome that barrier again, then it is a matter of time before we can be happy again.

I have to admit that since entering September and earning my first satoshis, I have only seen BCH go down in a big way. When I look at the panorama in general, its highs and lows, always end up taking it to decrease. Even weeks ago after some wonderful news, the price of BCH shot off the BTC chart and went its own way. That momentum only lasted a few days and was once again absorbed by BTC.

The life of those of us who hold is extremely difficult. Not everything is rosy. The price goes down and up like a roller coaster. But you don't have to be constantly looking at the chart. It is to wait 1 year or 5, even up to 10 years later. When the BCH reaches $2000 USDT would you sell it or would you keep waiting? It is a never-ending story. You do not sell because you want it to continue to rise or at least you have that hope. In addition, the unthinkable happens, because it continues to rise and reaches $3,000 USDT, I am sure you would not sell either. Greed is something we carry inside. Then we miss the opportunity and it falls back above $2000 or even lower and waits another year for the ATH to hit.

The human mind is complex. What for some is relatively little money, for others that small sum is the opportunity for a new beginning. Improve your life financially and that of your family. It is a perception from different perspectives.

Do not lose hope. Better times will come. BTC is definitely going to break a new all-time high, passing $70,000 USDT or even reaching over $100,000 USDT as many think it will be before the end of 2022. When this happens, the entire crypto world will go to the moon and BCH will not be the exception. Think big and be confident. Furthermore, when BCH finally gets the recognition it deserves as a solution to all the problems and inconveniences it has come to solve, it will finally blow up and go to the moon. It's just a matter of being patient. This career is long term.