BCH in its own way

March 22, 2022. No. 193

For a few days now, if you look at the BCH chart, you will surely notice a sudden change in terms of following the same pattern as BTC. It has always struck me that the charts for BTC and other cryptocurrencies are 99% identical. I have even written an odd article on this topic. Curiously, a few days ago everything changed. The price of BTC is holding steady above $41,000 USD and BCH has risen a whopping % from $300 to recently $345 USD. It may have been, and follow the same pattern, but increase only a little more in its %, but it is the opposite. The graphics are completely different.

This is what we have been waiting for a while now, total independence of BCH over BTC. Will that day come? The upward movement is impressive.

If I start to analyze the BCH since it entered read.cash, it has always been in decline. I even think it came in September when the price was around $700 USD. So if I had exchanged all the BCH I purchased into USD to buy low at the price of $260, it would be a huge increase in my capital. But no one can predict the future or what will happen tomorrow. If we had a time machine that would be great, but we don't, so it's impossible to know where the price will go, at least not 100%. There is always a margin of error and doubt.

I'm just getting into trading, and it's not easy to stay emotional, especially when the price is so volatile. It inevitably makes you make bad decisions. But I try to do the best I can. Right now as I write these lines, the price has fluctuated in ways that are hard to imagine. It is to make anyone's hair stand on end.

Personally, I like the idea that the price of BCH is finally making its own way and moving away from the BTC chart. We finally see that the adoption of BTC is coming with a vengeance. We have to wait for the next few days to see if this behavior continues.

Note: Excuse the length of my article today, but the keyboard is half broken, it is almost impossible for me to type.

See you tomorrow.