Bitcoin cash as we all know is headed for the moon.
A cryptocurrency that has all it takes to take the number one spot on the coinmarketcap due to its many features, the prominent features being its low transaction fees and transaction speed.
The adoption by other merchants also speaks volumes for it.
Marc de messel’s contributions to the community has been reported time and again to be quite instrumental in the popularity of BCH especially in encouraging writers here on read cash platform in writing more and more great contents which eventually contributes to the growth of the ecosystem altogether.
However, in this article, I want to bring to bare something I realized recently and that is the fact that, it seems like a whole lot of the bitcoin cash community members are so focused on seeing the price of bitcoin cash explode through the roof.
Don’t get me wrong, I’m not saying that it is not good to expect a huge spike in the price but while expecting the price to go up, we should also get involved in taking the price right there like evangelizing about the coin on social media platforms and even across the length and breadth of our various localities.
Another thing is that there are many things going in the world of bitcoin cash and there are some technical terms associated with bitcoin cash as well that so many members of the community aren’t aware of.
I’m suspecting that the reason why they aren’t aware is basically because they feel less concerned about these things failing to see the implications.
I use to be guilty of this fact honestly but I had to change my mindset about it altogether and that is why I am writing about it now to intimate the community and perhaps hope to encourage some members to do same.
Now to put things into perspective; cryptocurrency is no child’s play.
It is supposed to be treated as a business just like every other business investments. Common sense or logic will tell you two basic things and they are;
Before you invest into any business, you need to first off all
Understand it.
Understand the modus operandi of the business.
Secondly after investing in the business, it is best practice to follow up on your investment. Knowing how it is flowing, whether there are any updates that is supposed to catch your interest.
Even though many community members are just concerned about bull markets, it does not do away with the fact that they need to familiarize themselves with past and recent happenings in the BCH blockchain.
If you are an active day trader, you would understand how news/updates from the coin blockchain you are investing on and government policies can cause huge price actions (either bull or bear) in the market.
More so, Few technical terms associated with bitcoin cash such as
The DAA (difficulty adjustment algorithm) (Which has its notable developer to be JTOOMIM) seeks to make sure that consistent blocks is produced, which means more reliable confirmation times for the users, and will also cause a reduction in occurrences where users go into per-block limits.
Making sure that steady miners get nearer to optimal profitability as well as alternate mining methods.
Making sure that the emission of coins goes through a predictable schedule.
Bitcoin cash node is also another aspect (which has its lead maintainer as "FREETRADER") to mention but a few ought to be known at least the basic aspect of it.
Though there is a long debate that is somewhat dividing the community especially in the area of drift and drift correction, however, it goes on to show that WE ALL are just heading towards one goal: TO INCREASE BCH'S POPULARITY, to not make it fall down from a cliff.
The only persons that would not want the success of BCH are those that aren't investing in it.
Bch community members should always have it at the back of your mind that "There is no such thing as the destination in life, the journey is everything" and I think BCH is no exception from this quote. Dont just invest, get involved actively.
Thanks for reading y'all!
See you on the next one!
