Aren't You Glad You Have Some Bitcoin Cash? Don't Sell it.

Aren’t you glad you have that Bitcoin cash? I know I am.

Alex is a Nigerian who was introduced into the Bitcoin cash world by his friend Mac. When onboarding Alex to the BCH community via read.cash, Mac taught him the basics and the need to hodl most of his earning if not all. "You can ‘Sodl’ (Sell) your Bitcoin cash too—but with good reasons to do so, mostly as a last resort."

Months into earning BCH and diving deeper into the crypto world, he met new people, probably anti-BCHers, who told him how shitty BCH is and the need to divert his earning to other coins like BCH and ETH which are more popular in the country. With time and so much crypto-peer pressure his love for bitcoin cash declined, he no longer sees bitcoin cash as a bae, he has found love elsewhere.

His new habit became - earn and swap.

When Mac realized this, he said to his friend:

"Aren't you glad you earn and have some bitcoin cash for free with just a little effort?"

Long story cut short, Mac was able to convince his friend to not sell or swap all his bitcoin cash for other assets. To date, Alex has been able to hodl more than $400 in BCH which is about 90% of his current crypto asset and he has never been passionate and enthusiastic about Bitcoin cash.

How many of us keep the BCH we earn?

Many of us are like Alex. We earn and swap to other coins we think are much better than BCH. We come in here and write all the beautiful kinds of stuff about BCH and how you can't do without it. Probably to gain the love of the community and the attention of Rusty and Marc. But out there, when no eyes are watching nor ears hearing, you act differently.

I'll say to you what Mac said to Alex:

"You've to be passionate and enthusiastic about Bitcoin cash. Earn and hold your Bitcoin cash. You can use your BCH to make payment for goods and service or sell it too - but with good reason to do so."

A few months ago, I attended a gathering of some crypto enthusiasts in Nigeria. We were honoured by the presence of some great crypto guys. We had a chat with one of the popular guys in the group who seemed more passionate and enthusiastic about cryptocurrency than the rest.

The guy started his crypto journey a long time ago and he seemed to have a broad knowledge of the market. In the middle of our discussion, someone asked him if he was one of the early bitcoin adopters who are currently reaping the fruit of their risk-taking and patience.

He stated that he and some of his close friends started the bitcoin journey together. He owned his first Bitcoin in 2016 and made around seven thousand dollars when he sold his Bitcoins in September 2017. Later that year some of his friends who started at the same time as he eventually got rich because they kept investing and holding their bitcoin and later sold right at the top.

So, the twelve thousand dollars he made were peanuts compared to the millions made by some of his friends. I could sense the feeling of frustration in his words and it was easy to tell he had regrets. We are humans and it's in our nature to focus on things we do not have rather than on what we already have.

His friend's success buoyed him into investing more and more in bitcoin, trying to reach the same results as his friends. Even during a bitcoin bear market, he never gave up, he kept investing even more with the belief that bitcoin will rise again. He eventually gave back what he made earlier But he was optimistic on the outlook and he kept his bitcoin positions.

Just imagine what his portfolio looks like now… Well, someone actually tried asking, but we all know how the replies go.

This story taught me a lot.

The idea is to hold those BTC coins until they are worth much more.

Bitcoin cash is a digital currency – an electronic cash that can be sent from peer to peer without intermediaries such as a bank, payment processor, or government agency. But Bitcoin cash (BCH) is so much more than that. Since its launch in 2017, it has been used as a form of payment, a store of value, and a means of value transfer. It features benefits so positive, it could eventually become the global reserve currency of the internet and future.

Even with the recent ups and downs movement of bitcoin cash, getting to $700, returning to $300 and back up to the current price of $500 we should be optimistic that bitcoin cash will appreciate over time. Marc sometime predicted that BCH will be going to $30,000. Let's keep the faith. Even if it drops to $200 anytime soon, remember, what comes around goes around.

Bitcoin cash is still young and at the beginning of its story. There's more growth to come. This is not a prediction but I suppose that we will see a $30,000 Bitcoin cash price soon as predicted by — and that is not a limit. 

While we have great speculations for bitcoin cash let's keep in mind that it is not a get rich quick project. Rome is not built in a day. Bitcoin (BTC) did not suddenly emerge to the level it is now. It takes time, patience and collective effort from every player involved.

Our desire, faith, patience and persistence can propel bitcoin cash to success if we all can have a positive outlook and suppress negative thoughts and focus on long-term goals.

Changes that seem small and unimportant at first will compound into remarkable results if you’re willing to stick with them for as long as possible.