What is the main enemy of Bitcoin Cash?

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Avatar for Jnavedan
1 year ago

It's been months since I stopped worrying about Bitcoin Cash's market capitalization. As well as, I stopped looking at its placement among cryptocurrencies on major crypto world web portals.

Sure, I still listen daily to the comments of several supposedly specialized YouTubers who keep track of the behavior of projects, especially BCH.

Currently, Bitcoin Cash is ranked 26th on coinmarketcap.com and 27th on coingecko.com, with a price of around $180.

It is fresh in my memory of when the price of BCH was hovering around $1,500.

Those of us who were newcomers to read.cash and noise.cash; joined the community's enthusiasm and the narrative of breaking ATH in no time.

At that time, I found a website (https://www.coinfairvalue.com/) whose purpose was to determine the fair value of cryptos.

To my surprise, Bitcoin Cash was one of the most undervalued.

However, BCH was in the Top Five of the ranking.

Well, today, BCH dropped to the 19th position.

I wonder, how significant are these metrics for the crypto-verse moving forward?

It also allows speculative trading with the capital flowing in the market.

But do they contribute to the success for which cryptos were created?

As you may know, Bitcoin was intended to be: a monetary system for trading on the Internet without intermediaries.

So, it is understandable that central and commercial bank owners see the development of this technology in the hands of private individuals and people as dangerous.

This explains the strategy of taking over the technology with the subtlety of not arousing the slightest suspicion in people.

The most emblematic case is Bitcoin Core (BTC).

Yes, BTC is the cryptocurrency with the largest market capitalization.

But it is also the one that suffered the sabotage that diverted it from its original purpose.

If you want to delve into the details, you can check out @Pantera's excellent articles about it; I assure you that they are not wasted.

You'll tell me: "Man, don't change the subject; what about the information in crypto portals?»

I'll answer you with another question, do these portals operate outside the system?

Obviously not!

If one investigates those who sponsor these portals, one will undoubtedly arrive at the threads coming from the puppet master.

Of course, I am not saying that there are not people trying to eradicate injustice in the world from within the system.

I do not doubt the good faith of many projects.

In fact, some systems fall by implosions.

I think Bitcoin Cash is a well-intentioned project with enough potential to provide an alternative to a decaying system.

But in my opinion, unfortunately, the biggest enemy the project has is not the elites; but people's own greed.

Well, one cannot exclude from the equation the ignorance and the siege posed by the regulators, who are the guarantors of their own interests.

The war for financial freedom has many fronts.

So, everyone must fight in their own technological trenches.

Even if it is similar to climbing an uphill slope.

How are you going to win a battle?

First, one must identify the enemy: It is not always so obvious.

Bitcoin Core (BTC) and Tether (for example) are the big attractors that lead many valuable projects into the sinkhole.

Likewise, these captures the money flows that try to get out of the system.

Which reminds me of the wolf in sheep's clothing.

The worst enemy is the one who pretends to be friendly or to seek the good of one, but in the end, only plots evil or how to keep you enslaved.

An original article by @Jnavedan

The thumbnail by Ernesto Alejandro Pérez on Pixabay 

Cover image by Ria Sopala 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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Avatar for Jnavedan
1 year ago


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1 year ago

Sin duda, detrás de los hilos, hallaremos a los titiriteros que procuran manejar el mercado a su antojo. Noticias buenas y malas nos llegan de todos lados y no siempre sabemos a quien debemos escuchar.

Sea como sea, el objetivo seguirá siendo una moneda de intercambio libre de leyes gubernamentales, pero los grandes capitales, tienen intereses diferentes y son los que hacen alboroto para que perdamos el norte.

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1 year ago

I agree with you very much, Bitcoin has been a headache for traditional investors; recently a friend of mine was questioning the fact that I was publishing on blockchain, now, surprisingly, she is telling me to invest in Bitcoin, because her " gurus " friends have predicted an increase in the value of cryptocurrencies very soon.
The truth is that personally, I do not care about the rise or fall of the crypto market, I try to look for the positive approach, the rest, I leave it to time, with the inner desire that everything will increase again.

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1 year ago