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@Jane

Bitcion Cash Investment Gone Wrong? The Death Cross Effect

June 22, 2021 **"Bitcoin Cash brings sound money to the world, our future digital cash."** Indeed it is and that's the reason why I love this cryptocurrency. In my one year of staying on this platform, no doubt that BCH is a valuable asset, a perfect medium of exchange, brings sound money to the world, our future digital cash. Those are the main reasons why I have invested some of my money in this cryptocurrency because I believe in this coin. In my article One BCH, Today Is Worth Two Tomorrow, I have shared about my BCH investment using my real money. https://read.cash/@Jane/one-bch-today-is-worth-two-tomorrow-how-i-got-my-7-bch-e33f4c53#be-your-own-bank-with-bitcoin-cashhtt

That was when BCH price reached $1400 and it even continued to its new ATH at $1650 last May. From $340 price at the start of the year to $1,650 five months after, it gave us more than 400% gains in our BCH portfolio and I've got ***$954*** profit from my investment. The BCH I have bought from the FORTH I have sold also gained more than ***$2,000*** profit.

But happiness turned to sadness because a week after, the sudden market crash happened due to escalating FUDs around the crypto market affecting Bitcoin and pulling down most of the Altcoins including BCH. The recent crash just proved that Bitcoin is not the real rival of BCH, but the real world. The supposed to be normal corrections continued to go down almost reaching the bottom. The downfall of BTC is the downfall of the whole crypto market, if not, only a few Altcoins will survive. **Related Article:** **Bitcoin Is Not Our Real Rival, But The Real World** https://read.cash/@Jane/bitcoin-is-not-our-real-rival-but-the-real-world-428b82e6 The long bear market just robbed more than -50% of our crypto portfolio. And to take advantage of the bear market, I also have added some BCH which were saved on my coins.ph wallet and not only BCH but also ETH, since it was the perfect time to accumulate more cryptocurrencies. Because of the market crash, I've lost more than ***$2,500*** from the BCH I have invested, both from selling FORTH and buying BCH using my own money. And we thought that the recent uptrend will continue until the market recovers from the crash, but just recently, another source of FUD appeared and the reason for the current bear market - the **DEATH CROSS**.

https://coinquora.com/bitcoin-death-cross-2021-is-here-but-there-is-nothing-to-fear/ ***DEATH CROSS*** *happened last Saturday, June 19, when the 50-day Moving Average (MA-50) dropped below the 200-day Moving Average (MA-200). The death cross indicates that a bear market is coming.* This Death Cross caused another FUD around the crypto market and at the time of writing, BTC was more than -11% down while BCH was -20 % down as well as the most Altcoins, **Should we be worried about the Death Cross?** The market experienced a bull run last weekend after an unexpected boost from Elon Musk, however, the rally didn't last long as the downtrend resumed over the last few days and Bitcoin tumbled to a $30,000 low. And now, here is the Death Cross, and many traders and technical analysts argued over it. Some say not all death cross indicates bear market, while some traders were insisting that their predictions will play out. A popular economist and trader, Alan Kruger said on Twitter: https://twitter.com/krugermacro/status/1404833407650177036?s=20

https://twitter.com/krugermacro/status/1404833407650177036?s=20 Another crypto trader gives his sentiment about the death cross.

https://twitter.com/RayInvests/status/1405761989121437704?s=20 But despite some positive news, the death cross FUDs triggered a sell signal and as of Monday morning, Bitcoin sold off by 14% and currently downtrend. So even if there are positive predictions, the fear of most traders about the more downside ahead for BTC triggered them to sell their assets, affecting the rest of the crypto market. But despite some positive news, the death cross FUDs triggered a sell signal and as of Monday morning, Bitcoin sold off by 14% and currently downtrend. So even if there are positive predictions, the fear of most traders about the more downside ahead for BTC triggered them to sell their assets, affecting the rest of the crypto market. https://www.google.com/amp/s/www.businessinsider.com/bitcoin-price-death-cross-sell-signal-suggesting-downside-ahead-btc-2021-6%3famp Another reason for the FUD was the report from China last Monday about more than 90% of Bitcoin mining capacity was estimated to be shut down for a short term. The Bitcoin mining crackdown was also the source of FUD's last market crash. https://www.google.com/amp/s/www.businessinsider.com/bitcoin-price-death-cross-sell-signal-suggesting-downside-ahead-btc-2021-6%3famp However, some see the recent death cross decline as an opportunity to buy more Bitcoin and more cryptocurrencies. Just like Michael Saylor, the CEO of Microstrategy which added $489 million worth of Bitcoin to his assets. https://www.google.com/amp/s/www.businessinsider.com/bitcoin-price-death-cross-sell-signal-suggesting-downside-ahead-btc-2021-6%3famp **Bitcoin Cash Investment Gone Wrong?** Bitcoin Cash holds 67% of my crypto portfolio, and because of the recent market crash and this death cross effect, my portfolio lost more than -53% at the time of writing.

The decline of Bitcoin price is affecting most Altcoins including Bitcoin Cash. ***And we are seeing a negative percentage on our BCH crypto portfolio, but our Bitcoin Cash investment did not go wrong. In fact, the bear market only allows us to accumulate more BCH.*** ***No matter what the price is, it is worth noting that, the number of BCH in our wallet is more important.*** We may be expecting more downside ahead, but let's grab that opportunity to accumulate more Bitcoin Cash. ***And remember, the lower the price, the higher the amount of BCH we can accumulate.*** A death cross is not a reason to sell our assets. Remember that every after the dump, there is always a pump. We just have to wait for the golden cross to happen, after that, let's expect a higher surge of Bitcoin and the rest of the cryptocurrencies in the market. Like for example the last golden cross experience of Bitcoin in May 2020, the crypto surged more than 300% just before the death cross signal. https://www.google.com/amp/s/www.businessinsider.com/bitcoin-price-death-cross-sell-signal-suggesting-downside-ahead-btc-2021-6%3famp If the market reaches the bottom, it will be worth buying the dip for those who want to accumulate more. But for others, the best thing to do is to hold your BCH and other cryptos until the market totally recovers. It might be after three months or six months, but let's just wait, and prepare for a tremendous bull run. Thanks for your time.

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