Economic 101 : Bitcoincash ($BCH)

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Avatar for Jadeliyi
3 years ago

Kynes Finance motives.

In the beginning before the innovation of bank note. Bank notes has it origin from Goldsmith who keep Gold on behalf of people , and issues receipt to show evidence of transactions with the Goldsmith. People began to use the receipt for transactions instead of carrying the precious metals from there bank notes was introduced . Well then the bank notes was back by Gold but not now anymore as Government can print more and more currency. Nakama satoshi wonderful creation has help restore the control of money back to the people.

Living history the motive of Holding money ( fiat currency ) is well defined by the Keynes theory , we discuss how the theory work with Bitcoincash which is no doubt the reliable e- cash($BCH) of the cryptocurrency.

Transactional motive

Money is being hold to conduct transaction at every point in time, it is used for daily transactions.Peoples keep cash for the transaction motive. Everybody maintains cash balance to meet the daily transaction to pay to the creditor, to buy goods and services, pay rent and to invest on business etc. Holding Bitcoincash is good for daily transactions has daily transactions is going all good on the BCH network , Bitcoincash still retains it value during transaction with low fees and very fast transaction , who can beat that?.


2. Speculative Motive

Some people hold money for the speculation purpose. Speculator always searches the project to invest money temporarily so that makes the huge profit immediately. A speculator always maintains a cash balance to get the speculation benefits and outcomes. Holding money here as a means of investment here simply even means holding a currency at the expense of other currency, as I see tweet from Roger var, Marc De mesel and Kim Dotman how they promote $bch and with due diligence of study and research and usage I can tell that hodling BCH is the best way to go about Making more , when people start discovering the best of BCH in the coming days they did find out how wonderful it is and better than every other cryptocurrency.

3. Precautionary Motive

We all know that the future is always filled with uncertainty. So individuals holds money and maintain a cash balance for the future uncertainty. The increase of business or individuals, all’s future is really uncertain, so they keep cash to meet the future uncertainty risks to overcome. A little bit related to physiological motives. And this have to deal with crypto currency you could need very fast not some that would take between 1- 3 days for confirmation 😢😒 with great utility.

As crypto currency are concerned with the motive of money with so much flaws. As I try to conduct transaction on the $BTC , $ETH , $USDT , $LTE and $BCH mainly othersfor this research the Bitcoincash has ticked the box of be reliable, fast , and still retains its value after transactions, while having a limited supply like every other crypto currency. With a careful vast research I conclude that the Bitcoincash satisfy the motive of holding money.

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