November 17, 2021. No. 69
I do not intend to make a long article, one of those that explains in detail matters that sometimes say little. I'd rather go, this time straight to the point.
Now I was checking the price of BCH because it caught my attention that in the read cash wallet it is showing me a balance in USD and suddenly it drops almost 0.50 cents like that in the blink of an eye. I recognize that the important thing is the currencies in BCH that remain static, but even so, it caught my attention and I wanted to see the market.
I went to coinmarketcap to see the BCH chart and it did indeed have a red stripe that attracted attention. The price was in free fall. About a week ago the market experienced a considerable increase when BTC reached a new all-time high. This catches my attention and I wanted to open the charts of BTC and BCH to see their correlation. The result is impressive. In several images I superimpose the two graphics with a little opacity, so you can appreciate the similarity.
How much BTC and BCH are united in their price, here they go:
Do they look quite similar to you? Now let's see them superimposed, with a bit of transparency.
It is amazing to see these graphs, even when BTC reached more than $19 000 USD in 2017, BCH also reached its all-time high at that time, reaching almost $4 000 USD.
10-19-2017
BCH - $327 USD
BTC - $6 011 USD
December-2017
BCH - $3 923 - increased by 1199%
BTC - $19 497 - increase by 324%
From September of last year, the BTC began its bullish career, reaching $63 000 USD in a few months, and after plummeting but always remaining in gains, it returned last week to exceed $68 000 USD. It went from the $10 000 USD that had been around that figure for a few years, to exceed starting at around $60 000 USD.
In all this journey, the BCH, unfortunately, did not accompany him enough. What's the matter? Why has the % that the BTC has not increased if we have seen that so far the graphs were similar? He even had the first raid, but then a rise, but slight, and afterward it is evident in the graphs that he did not follow him in the second round. At least not on a high level like before.
These questions are difficult to answer and even more so when the market is so volatile today. Many of us, including myself, are fans of BCH and keep our coins in HOLD despite everything. We recognize that the future will give the reason, for all that we have explained previously, that the BCH is in effect that: The future.
We have to keep promoting BCH. Sharing with all its best-known characteristics. Make everyone want to adopt your payment method, with an incredibly low fee, in addition to its speed. Make the world realize, that BTC is not everything and that BCH comes to break almost all the problems that BTC has to deal with.
Without getting into fanaticism, of those who do harm, we are sure that at some point the price will do justice to the BCH and its entire ecosystem, with everything it represents. At that time, we will be grateful for all that these platforms and all the personnel behind them, and who make their correct operation possible.
In these last days, the whole market has gone red, and I did not dare to compare the other charts with the BTC, but I am sure that very few, if not none, continue on their way without first looking in the mirror of the BTC.
To conclude, I leave you Marc's Twit, where he intends to analyze the current price of BCH together with other cryptos every one exact year and indicate its % variation.
For my part, I have no doubts, and I know that neither do you, that we are on the right path. The BCH is what I want to keep in my wallet, reach 1 BCH as soon as possible, and continue to increase these coins. In the future, my son will thank me.
It's all friends. Were you surprised by what you saw? Let me know in the comments. Do not forget to press the like button, it helps me a lot.
Thank you for reading me today, and I hope this article has surprised you as much as it did me.
Credits:
100% original content.
All images are from coinmarketcap.
All designs are made with Canvas.
And no doubt, I'll stay with Bitcoincash for sure until forever. Coz why not right? It has a lot of things that a coins should have. It's really a great coin.