Here is the ultimate test!

Oct 13, 2022

If you have been attentive to everything that has happened in the last 48 hours, you have surely seen the following:

• The market has again bottomed out. That is, BTC has plummeted below $18,000 USD.

• You have experienced that the platform on which you are reading this has suffered a lot of instability.

• You have been able to see a decrease in the visits of our green friend.

That BTC continues to decline is not a surprise to anyone. In a world at war and with political sanctions, with enormous inflation in many countries and taxes to pay that are higher every day, it is normal for this to happen. Water, electricity, gas, food, and fuel rise every day more in almost all countries and much more in those that have sanctions for the issue of war.

Could an ordinary person look at the BTC and want to buy some?

I don't think he would currently. Perhaps a very low % of those new users, who analyze everything related to cryptocurrencies for the first time, enter to buy BTC or another currency. Less do I think that those who are already a little older, with their life and their family, do it, I do not think they risk the money they have saved in their bank. So we are alone in this, in a certain way, we are the same users, dividing the money among all of us.

To carry out a more detailed study, one would even have to search for the number of wallets that are created per day, assuming that this implies a benchmark of a high probability that this is a new user.

As BTC falls, it drags everyone into the abyss, including BCH. It is evident that the fall of BCH was even much greater, reaching -6% today, while BTC barely exceeded -3%. Then the BCH becomes worth even less than $100 USD, therefore Rusty is going to protect himself and will only give tips to several specific users, leaving the rest completely isolated. Or maybe he doesn't tip anyone at all. This is super logical for it to happen, and although I am one of the first to always be alarmed, we should not do it. Rusty always comes back, until one day he doesn't. Nothing is eternal, nothing is forever. Everything has a beginning and an end, but for now, I don't think that time has come. I even see it with an announcement from Simon long before it happens, explaining why.

Analyzing the graphs of the BTC-ETH-BTC.

Now we are going to observe these 3 graphs, in the timeframe of 1 hour, so that you can see how much I have been wanting to tell you for a long time: the BCH does not increase its value, it is stagnant. It does not increase, on the contrary, each day it decreases more.

PS: Be careful, this is my opinion, and although it is very strong, it is the reality that I have seen for more than 1 year analyzing the graphs, without becoming an expert in the matter.

Image from BTC/USDT

Image from ETH/USDT

Image from BCH/USDT

In the graphs it can be seen how the BCH goes down with the BTC, but it does not go up enough when it has to, staying well below. Such is the case, that right now the BTC costs about $19,800 USD and the BCH only $111 when it should have cost a few days ago when the BTC had that price, of about $120 USD.

BCH may have a lot of global acceptance, and be very efficient in transfers and everything else, but it is a long way from increasing its price to very high levels, like its ATH. Sometimes it surprises us all and tries to go up, but immediately users sell it and buy lower. It is logical, they want to make a profit and no one can blame them.

Let's hope that the future has a better face than the one we are currently experiencing.

See you tomorrow!

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