Bitcoin Cash to the pit? Lost it all

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Avatar for Jnavedan
1 year ago

The price of Bitcoin Cash in the crypto market continues to plummet, threatening to cross the $100 barrier.

I read a terse post where someone with a crying emoticon said, lost it all.

It got me thinking for a while.

The current economic outlook is very bleak and complex.

Experts say that the crash will be similar or worse to the great depression of the 1930s that preceded WWII.

Thus, the threat of an outbreak of war on a planetary scale should not surprise us.

Of course, if we are concerned about the destructive power of the nuclear arsenal capable of eradicating all life on the planet.

I hope sanity prevails in those in control of the red button of the Apocalypse.

Although, the recent short video of one such leader carrying an instruction card in his hand makes me doubt those in control.

Well, I shouldn't worry about that situation. In the end, it escapes my sphere of influence.

Suppose the entire solar system is on the threshold of a massive black hole. Or one is aboard an airplane at an altitude of over three thousand feet, and the engines fail.

Many crypto holders perceive themselves in a whirlpool that drags them down to lose everything. They don't stop to think, though, that it's just a moment in the cycle where manipulators want to scam the naive.

You are part of a system that acts with constantly changing rules. But it is up to you to let yourself be dragged along and escape from malicious actors.

In that sense, you must act to survive against all odds. Yes, the crypto market falls, and Bitcoin Cash is in.

Ideally (based on the original intent), BCH should be the alternative system.

I wonder,

How much BCH do you own; who believes that with the price drop, you lost it all?

The problem lies in myopia about the value of BHC based on fiat money.

Don't think in dollars.

Enough!

Try to think about the adoption and use of Bitcoin Cash shortly.

Sure, if the nuclear apocalypse is unleashed or we are swallowed by a black hole, BCH will be useless

But let's dismiss these odds.

Meditate on the progress after World War II.

In that sense, some claim that we have already lived through the dreaded war and will see drastic changes in normality.

So, do what is necessary to survive in any of the scenarios you may face.

Undoubtedly, the crypto market is another front.

Many blockchain and crypto projects will disappear no matter how much notoriety they have achieved.

Only projects with use will survive.

Ask yourself, between BTC and BCH, which one will use society?

Nobody knows the future. But in my opinion, the greater one believes the loss in BCH (based on the dollar), the greater the hedge when the storm passes.

Forget about market comparisons. Look at who achieves greater adoption for buying and selling daily.

Don't fall for the store of value scam or digital gold.

Bitcoin was created as a currency without intermediaries.

Use it to contribute to the adoption and save a portion for the future in non-custodial wallets.

Forget about relying on centralized exchanges and dubious companies' Stablecoins.

Above all, learn about decentralized projects with the potential to contribute to the change one needs to be free.

Today Bitcoin Cash may fall on relative price, but not an absolute value and future.

Ask yourself instead: What should I do to avoid being stripped of my valuable Bitcoin Cash?

An original article by @Jnavedan

The thumbnail  Alexandr Podvalny on Pixabay 

Cover by  Sergei Tokmakov Terms.Law on Pixabay 

I end by thanking all my colleagues in the community, who add value every day here. As well as all my sponsors for believing in the content I share with you.

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1 year ago

Comments

Never invest the quantity you can not afford to lose. Portfolio diversification is the key to success.

$ 0.00
1 year ago

Never invest the quantity you can not afford to lose. Portfolio diversification is the key to success.

Hello my friend,

Very well said, although one should always have a winning mentality and make it a point to inform oneself as much as possible to avoid losing as much as possible.

In that sense, always invest to win.

$ 0.00
1 year ago

I am trying to buy whenever I can during this period because of the low price. But of course I will have a ceiling on my expenses. I will just part with the money I can afford to lose.

$ 0.00
1 year ago

Hello, my friend,

I think it's very good. So, invest sensibly and enthusiastically by treading on the ground. Greed is a bad advisor.

Greetings.

$ 0.00
1 year ago

i am trying to accumulate as much as possible while it is low and i know it will be lowed more. bear market is real.

$ 0.00
1 year ago

i am trying to accumulate as much as possible while it is low and i know it will be lowed more. bear market is real.

Hello, my friend,

Wise decision. I hope you can save enough to face tomorrow.

Greetings.

$ 0.00
1 year ago

Our BCH is now cut in half of its value yet the stocks grew. How did you save your BCH? Staking or holding, share to us your most comfortable idea on what to do when it hits ATL. Im still holding 😅.

$ 0.00
1 year ago

Hello, my friend,

Well, the intrinsic value was always undervalued. Price is the worst indicator.

I think saving it is the sensible thing to do, and take advantage of the fall to buy what you can.

Greetings.

$ 0.00
1 year ago