We are still in red

Jun 22, 2022. No. 271

It's time to wait a long time to see the market in green again. In recent days, the currency that is suffering the worst is the BCH. It barely goes up and everyone sells. The whales won't let it rise past 123 USD and this is quite annoying. The BTC when it starts to go up and up, the BCH remains static and if it goes up a little, the mass sale begins immediately. This is impossible since the BTC must go up a lot so that even 150 in BCH can be recovered.

I've thought a lot about leaving BCH forever, because I really don't see a future for it anymore. It is not a matter of criticizing, but it is a reality like the size of a house. I am living firsthand what others have experienced in previous years. They have seen how the BCH is unable to reach its all-time highs again. When BTC cost more than 60k in 2021, BCH only reached a little more than 700 USD, falling far short of its ATH. This makes it literally dead. From that moment the only thing he does is go down every day with more force than he goes up.

My words sound strong and perhaps many do not find it funny, but it is the sad reality and denying it is like denying that the earth is round. Things are as they are and we cannot deny them no matter how hard they are. Despite the fact that the market is in the red and that everything is falling, it is simply a matter of analyzing the graphs and seeing that while the other currencies that follow the BTC increase a lot, the BCH remains immobile and does not advance, it is stuck in time .

They have already called it failure in the past, and it is not for less. Although everyone is accepting BCH as a payment method, it is not enough.

Those friends who have not sold their BCH over time, including myself, have only seen how its price has constantly depreciated at an impressive level and now with the market in the red, even more so. While the traders make money (the good ones), the holders suffer first hand from the inflation of the currencies and the devaluation of the BCH in question.

Why did BCH fail? I don't know for sure. Many say that it is the most undervalued currency on the market even though it actually works perfectly. But if you look at other currencies apart from BTC and ETH, they also work very well with low fees and fast transactions, it's not just BCH that works like this. But the world is not yet ready for these issues of using only cryptocurrencies to live day to day, on the contrary, the traders are the ones who are making money and we the holders, we hope that in 2025 we will have the BTC in 100k and the BCH in ____.