We need whales
Jun 26, 2022. No. 275
What if he had sold when BCH hit its all-time high? This question is asked by everyone who has BCH today. In my particular case I can't do it, because I haven't started in read.cash yet. When I started in September 2021, BCH was already worth much less. Since then, despite all the adoption around the world and the work that many put in, BCH has continued to fall precipitously.
Except for a few days where BCH makes more % than BTC and ETH, the rest of the days it remains below in % of growth and much higher in % of decrease. That is to say: It goes up a little and it goes down a lot. So far we are clear, and whoever denies this is because they have never analyzed a BTC/USDT chart and compared it to BCH/USDT or they are simply so blind that they do not want to see reality and cling to hope.
You only have to see that just when the BTC reached its historical maximum, the BCH did not even exceed $700, something ridiculous. Until a few days ago, BTC was at $19,700 and BCH was at $123. Today the BTC is almost $22,000 and the BTC is just over $120. At this rate, if BTC were to cost $100,000 at some point, BCH would not even reach the previous $700.
What is the solution? We need whales. Not just whales, we need more investors and stop seeing BCH as a joke.
The only ones I see who speak well of BCH is this community itself. Outside of it, everyone else on Twitter, Facebook, Youtube, Telegram and how many other social networks exist, believe that BCH is a failure. Now, you could say, “No matter what anyone else says, I trust BCH.” It is not like that, because the BCH needs them to climb, rise, and be promoted to the top. Without that acceptance by the rest of the crypto world, we will always be one step below.
These users and investors are not in the least interested in BCH being a P2P payment method or being super fast. They are only interested in earning USDT in the future when the price of BTC rises, or even if BCH rises.
I still hold out hope for BCH, but I'm still going to start diversifying my capital into other cryptos and even move some of my capital to stablecoins when the time comes. Having 100% in a single currency is a very bad decision and life has been in charge of showing us all that it is a very bad practice.
The real-world resources are not speculative, so as other assets. Cryptocurrency is a speculative asset, much like stocks. Speculative money cannot be the future. Maybe some stable coins will give people some peace as peer-to-peer cash.