BCH - Is this the end?

Dec 17, 2022

If you look at the chart and analyze it thoroughly, as I have done for more than a year, even analyzing the historical ones, you might realize that BCH is dead. Right now as I write, BTC and the other coins are going up quite a bit, but BCH is not going up. Its price is stagnant and it is because there is the very little volume in 24 hours.

At least Kucoin is showing me less than 200k in volume, this is literally nothing. It is as if the currency did not exist or nobody wanted to buy and sell it. This is the sad reality. In the absence of volume, the price remains stagnant and varies easily. Also, you realize that if it increases a bit, the drop is abysmal compared to other currencies, since many want to make a profit quickly and sell. Lots of sell orders and the price ends up plummeting.

I am not an expert and say that I see it and analyze it with my little experience. The reality is that we are looking at a currency in its total decline. We are talking about adoption, it is true, but if the price continues to plummet, BCH will continue to be the black sheep among cryptos. The BTC with all its problems and others is the one that the vast majority of users prefer. We are talking about millions, not 1 or 2. So convincing so many people is literally impossible.

Thanks to platforms like this and the huge community to which I belong, we have managed to acquire free satoshis and some BCH. Also, it wasn't entirely free. It is the result of the effort of months and years, constantly writing and commenting here, sacrificing hours of sleep and family time, or doing other more productive things, to write after researching on a specific topic. So that this is free, well it is not at all, everything has its price.

I only look at one of my transactions in my wallet from 1 year ago, which says that it was for a value of $150 USDT in BCH and that the current value is just under $20 USDT. That makes me want to cry.

I am seriously considering taking other steps with my capital. I need to protect my money and my effort. It is something natural not to want to lose what has cost so much.

A hug.