The FUD in Bitcoin Cash (BCH) That Everyone Should Avoid.

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3 years ago

As we are now in a bull market, Bitcoin Cash is still consistently doing fine in terms of its price and doesn't let itself to get behind by other cryptocurrencies. Technically and fundamentally, Bitcoin Cash is showing more strength to the public about its potential to be known and accepted globally.

Since it was forked from Bitcoin (BTC) because of the arguments between the 2 Bitcoin supporters who wants the block to increase its size to solve Bitcoin's scalability and other one to make still the same, lots of fears, uncertainties and doubts are thrown to Bitcoin Cash for more than 3 years of its existence.

Bitcoin Cash Is Not Dead.

In the month of April, 2020, the BCH Network was not looking great in the public blockchain and made the miners at loss with just 6.25 BCH as a block reward where the price of BCH dropped down drastically when the pandemic hits the world.

Currently, where the market have recovered from the market, block reward are back again at 12.5 BCH for every successful mining and this will still be active until this month of April, 2021 and then it will be halved again to 6.25 BCH per block reward.

And talking about its massive adoption, Bitcoin Cash is now being accepted by hundreds, if not thousands, of merchants all around the world. Everyone can use Bitcoin Cash as a form of payment in different parts of the world where it's accepted like;

Rakuten in Japan where you can used Bitcoin Cash in their app to purchase goods in hundreds of stores.

In Thailand, where 31 goods and services are offered and can be paid with Bitcoin Cash. You can find them in https://bangkokbitcoin.cash/en/merchants.

Bitcoin Cash also have a large and very active community that are supporting and representing it to the world and helping its way for more and massive adoption.

And with the help of read.cash team, it gained nearly 60,000 Bitcoin Cash users since January, 2020. And have been onboarding new users day by day in the platform with tens of thousands of active daily users.

https://read.cash/stats

Bitcoin Cash Have a Future And Is Not Unworthy Of Our Investment.

In a technical view, Bitcoin Cash block size was up to 32 Megabytes while Bitcoin only have 1 Megabyte making it more possible for BCH to handle more transactions than with BTC. And with a huge difference of block size, BCH has 1000 times cheaper fee than Bitcoin making it more suitable for making a day-to-day and peer-to-peer transaction.

Currently, in whatever way we see Bitcoin Cash, it is fundamentally and technically rocking the public and the market.

Technically:

From the monthly chart of Bitcoin Cash, it is showing a very bullish uptrend and clearly shows a very strong movement for more upward heading. BCH recovered from $200 to now around $700 from the last quarter of 2020.

And one more fact, because we are still in a bull market, BCH can potentially go over $1,000 in the next 2-3 months or even less. I'm positive with that!

Fundamentally:

With the constant adoptions happening all around the world, making people to have an easy access to a peer-to-peer, cheaper and decentralized transactions, the demand for Bitcoin Cash will eventually increase in the near future.

Since BCH is way more spendable and fundamentally usable for making payments compared to Bitcoin, it will not be a very long wait for BCH's supply to be own and its demand will highly be appreciated that can make its price to surge up even more that what it is now.

Bitcoin Cash Doesn't Confuse The Crypto Market.

It was funny to read some arguments from Reddit, Twitter or even in YouTube that Bitcoin Cash was only the confusion for Bitcoin where in fact, Bitcoin was the real confusing one by recognized only to be a digital gold while Bitcoin Cash was meant to be what's on the white paper of Satoshi Nakamoto - to be a digital cash for a peer-to-peer transaction.

They say BCH was confusing because they can't ignore now the fact that BCH can potentially flip Bitcoin if the white paper of the real Bitcoin will be out reference.

Ending Statement About Bitcoin Cash.

Bitcoin Cash has been around for more than 3 years now and is constantly and actively proving its worth and potential to the public.

BCH will continuously be more adopted in other parts of the world and its price will keep on skyrocketing in the next coming months and years.

Learning source:

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3 years ago

Comments

Alam mo yung bout IPO listings ng BCH projects? Possibly mag $4k or more ulitn yan kpg makitaan ng potential ang BCH ng investors

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3 years ago

Sa Coinbase? Di ko pa ata alam yan.

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3 years ago

Good point, I would say that fake btc forked from bitcoin cash and now it is confusing people to think that it's bitcoin while it is not. Protocol upgrade is a normal thing and they somehow managed to abandon it. It is like when diesel engine cars were invented and horses businesses owners said no let's just stick around with horses chariots people dont need fast transport it's dangerous, slowness = speed

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3 years ago

Yes, BTC is supposed to be fast and cheap. And BCH had those criteria making it the real Bitcoin.

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3 years ago

Nice one dear.... Fully understand

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3 years ago

Antay na nga ako nang dip para maka buy ulit 😁

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3 years ago

Buti kapa may pang buy 😂 ako nito pangsell nalang kapag nag 1k na BCH haha

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3 years ago

Hahaha nag sell ako kase maaga hayy iwan uy weak hands.

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3 years ago

Lisod magsell kung makaengganyo kayo ang pagtaas sa price oy 😂

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3 years ago

Ahak gani. Dugay dugay pa ni mag price correction ba klaro kaayo

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3 years ago

Untag di najud muubos oy. Hassle na mag sell low haha

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3 years ago

Ayyy buing hahaha ipa buy sa ko uy 😂

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3 years ago

Sige basta balik lang dayon pataas 😂

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3 years ago

Oo balik lang jud dayon haha pero ang BCH uy dugay mag correction dugay pd mag pump steady iyang flow

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3 years ago