On the first couple of hours of April 17th, 2021, the whole Bitcoin Cash community celebrated the joyous moment for Bitcoin Cash of seeing it once again waving above the 4-digit value that was last seen on the month of April, 2018.
Though Bitcoin Cash had a great start of 2018 for being listed on Coinbase, supported by the decentralized marketplace called OpenBazaar and some investment platforms like Grayscale Investment and Abra offering Bitcoin Cash, it still wasn't able to escape the FUD at that time.
A hard fork took place from the incompatibilities and arguments of two sides of Bitcoin Cash supporter giving existence to Bitcoin SV (BSV) making people to be in doubt and uncertain of the potential of Bitcoin Cash.
And one greatest fear that greatly affected the growth of Bitcoin Cash was the crackdown of South Korea and China in taking over the cryptocurrency market and that fear took over Bitcoin Cash ending its bull run in 2018.
With lots of bad things happened to Bitcoin Cash, a good start of 2018 with a 760% growth in price was ended with a loss of over 90% of its price.
Bitcoin Cash Is Still In The Game.
The whole Bitcoin Cash community believed that the world needs an uncensored and a non-intermediary transactions unlike the banks and a peer-to-peer and affordable payment transactions unlike Bitcoin to be adopted and have the freedom from the current monetary system.
With all the circumstances that Bitcoin Cash have faced, it didn't stop to aim its vision for the world and constantly upgrading for the better and making more adoptions around the world.
Talking about the price and performance, Bitcoin Cash was able to outperform Bitcoin BTC at the start of 2019 and massively rise up to more than 100% while Bitcoin BTC only had up to 45% in its price.
And according news.bitcoin.com, at the end of 2019, there were a total of 1,128 merchants that have adopted Bitcoin Cash as one of their kind of payment.
Though Bitcoin Cash had a stable price of around $200 per quantity, the fact that lots of merchants all around the world have truly accepted and widely using Bitcoin Cash in a peer-to-peer and affordable payment.
2020 For Bitcoin Cash Was A Huge Gameplay For 2021.
Throughout the whole year of 2020, Bitcoin Cash was just keep on introducing and widening Bitcoin Cash adoptions to every part of the world. It didn't stop representing and showing positive values of Bitcoin Cash to everyone amidst all the bullies from BTC maxis and keep on showing that Bitcoin Cash should not be undervalued and the real digital cash as what a real Bitcoin should be.
On 2019, read.cash shows its existence and support for Bitcoin Cash. The platform gained and onboarded lots of people day by day, including myself, and was/still generously funded and supported by the name of Mr. Marc DeMesel.
For over a year and half, read.cash made exposure to thousands of people who didn't have any ideas about Bitcoin Cash but now, most of that people are huge supporters, accumulators, holders and fascinating Bitcoin Cash. Big thanks to Mr. Marc and a very job well done read.cash team!
Bitcoin Cash is Dropping, Should We Worry?
As I'm making this article, Bitcoin Cash was down to -25% from its annual high of $1,219.98 that was also recorded on April 17, 2021 showing selling pressure in the bloody market.
Everyone should know that when something goes up, there will also be a movement of going back down.
But this time should be different because the growth of Bitcoin Cash was unfortunately affected by the dump of Bitcoin BTC.
As I mentioned, when something is up, something could possibly go down and Bitcoin Cash right there is no exception. We have seen a massive growth in Bitcoin Cash that it has been up to 100% in just 1 month outperforming Bitcoin BTC again. And with that growth for a formidable cryptocurrency like Bitcoin Cash, a little bit of correction is just a healthy move for more growth in price for the next coming months or even weeks.
So what does this mean?
This only mean that we still have another chance once again to have more Bitcoin Cash and accumulate it while it is still below $1,000.
I remember telling everyone I know in the Bitcoin Cash community that buy or accumulate more Bitcoin Cash as possible as you can while it was below $500 because in the coming months we will not be seeing Bitcoin Cash below it. And right now, Bitcoin Cash is above $850 that was just from $1,200 level and personally, not showing any signs of going back to $500 again.
Final Thoughts About Bitcoin Cash.
I have witnessed the growth of Bitcoin Cash since August of 2020 not just in price but also to the community and the adoptions it made.
I've seen Bitcoin Cash below $250 and then up to 400% in just a couple of months, witnessed the growth of new people being exposed and curious about Bitcoin Cash, supported and cheered lots of personality doing adoptions in their own areas.
I have only been skeptical about Bitcoin Cash when the only cryptocurrencies I knew was Bitcoin and Ethereum, but now it has all changed.
Bitcoin Cash is our safe haven for a monetary freedom, and I'm positive about its potential as a replacement as digital cash that can be used borderless, decentralized, faster and cheaper.
FIN.
Dude send me some