What if we go to zero?

May 27, 2022. No. 256

I haven't stopped looking at the BTC chart for days and comparing it to BCH. It is an addiction to knowing where the price is going at all times, especially if we have our capital in BCH. We want things to improve, but this market is leaving no other option than bloody.

The vast majority of cryptocurrencies depend entirely on what BTC does. So why would BCH be the exception? Right now seeing how the BTC is over 28700 and the BCH is already hovering around 174.

Every day when I wake up I realize that BCH is down much more than BTC in %. Example: A couple of days ago BTC was at 29,000 and BCH was at 191. Today, BTC was at 29,000 and BCH was at 174. A considerable drop, and so daily. Nobody buys BCH nowadays, and although it hurts us, this is the sad reality. Even Marc sold 50% of them, reporting it in a video on his Youtube channel. Something that surprised me. However, he is within his rights. Everyone does with their BCH what they want.

Currently, all traders say that BTC could even fall to 10,000 again. If this happens friends, it will be a sad day for all those who have BCH in their wallets, because its value will probably be less than 50.

You may disagree with this article and my way of thinking, but it is what I feel and what I see today. This does not mean that I am grateful to these platforms that offer us the possibility of generating extra income and acquiring BCH for just one piece of writing that personally takes me about 20 minutes to write in many cases. Gratitude is eternal.

But this does not mean that I am blind to the reality of what is happening. BCH has lost more than 95% since its all-time high. All my analysis has been that whenever BTC goes up, it goes up very little. But whenever BTC goes down, BCH goes down by far more. This makes it difficult to recover later.

Despite all the BCH adoption attempts made by thousands of people around the world, it is still inferior apparently. Much more adoption and a coup are needed. This is what will save us from plummeting.

If we remain dependent on BTC, as we are today, it will not be a good thing at all. If BTC falls to 3,000 as it did a few years ago, BCH would simply go to 0.

Hopefully, the entire market turns green again, and that BCH manages to overcome everything and get ahead.