Bitcoin Cash Will Eventually Get Past Bitcoin And Its All-time High.

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Avatar for Mr.Valentine
2 years ago

Telling the world how fast, cheap and decentralized (without the need of a third-party system to make a transactions) Bitcoin Cash BCH is will always be a golden argument any Bitcoin BTC maxis can't take.

BTC maximalist will always ignore the real fundamentals that Bitcoin Cash BCH can offer and will just stick with Bitcoin BTC just because it was the "first". Time will just tell that those BTC maxis will eventually realize that they were wrong with BTC and will eventually realized that the BTC they know is not the BTC they once knew.

Bitcoin BTC lost its sole purpose of being a peer-to-peer digital payment and being decentralized but rather considered as a store-of-value being named as the digital gold and being offered to world to use it with the help of the centralized Lightning Network.

Bitcoin Cash BCH To Dethrone Bitcoin BTC.

The current market and the crypto space is full of hype from BTC maxis that Bitcoin BTC will reached $100k, $200k and even predicting that it will eventually reach $1 million in the next decade.

This is very unlikely to happen and very impossible for a certain asset that loses its original fundamentals (from Nakamoto's whitepaper) and no solid real world use cases.

People were hyped with Bitcoin BTC when institutions are considering or adding Bitcoin BTC in their company's portfolio but not really understanding enough that adding the asset was just a pure risky investment and does not have much intentions to use it (peer-to-peer payment).

Original Image Source.

BTC and BCH as Legal Tender - Who Will Succeed?

El Salvador was the very first country to accept Bitcoin BTC as the country's new medium of payment. But the country accepting this asset made a lot of flaws that even redirecting Bitcoin BTC into something it was not meant.

El Salvador uses a centralized wallet called Chivo where people can make a transactions of BTC fast and cheap using the Lightning Network. That alone was big enough to say that decentralization is not present in the country - Bitcoin should be decentralized! No third-parties and anyone meddling with your asset.

On the other hand, one island in the Caribbean is now exploring legislations to make Bitcoin Cash BCH as the island's legal tender. Okay I exaggerated, it was only a man.

Rolando Brison, a Parliament member in Sint Maarten received its salary in a form of Bitcoin Cash BCH. He reached a proposal to the Prime Minister of the country to seek legislations to make Bitcoin Cash as a legal tender in the country.

Unlike the President in El Salvador, Rolando Brison doesn't see any reasons to use any centralize applications for the people in the island to use Bitcoin Cash BCH.

Bitcoin BTC requires high fees to make a transactions - BCH does not! Even cheaper compared to Lightning Network.

Bitcoin BTC takes a long time to make a transaction successful - BCH only takes a millisecond to get it through.

El Salvador having a centralized system for its people to use Bitcoin BTC is a nightmare for the country.

Bitcoin Cash Will Set A New All-time High.

For three years of its existence, we still haven't seen Bitcoin Cash BCH at a 5-digit value. The last time we saw Bitcoin Cash BCH to be over $1,000 in price was almost a year ago now. It was on May 1st in 2021, BCH reached a year high of $1,650 according to Binance Exchange' chart.

Undervalued? Sure it is.

Of all the cryptocurrencies in the top 20 in cryptocurrency ranking, Bitcoin Cash is the only one that is fundamentally-driven that haven't reached it deserving market value yet.

During its bull run on 2021, technically speaking, BCH still has a lot of room to grow in its chart. Everything was bullish for BCH, until the famous memer Elon Musk tweet negatively about Bitcoin BTC and it impacted so much in its chart. And since the price of BCH still correlates with BTC, BCH follows the price of BTC in its nose-diving. And since then the whole crypto market experienced and long time being in a downtrend, and so was BCH.

If those situation didn't happen, the price of BCH was obviously set to have more. We could even see BCH in an uncharted price that we still haven't seen for more than 4 years now.

Final Words.

Bitcoin Cash BCH was, and currently still, being bullied for being a fork of Bitcoin BTC. The Bitcoin Cash community uses the great fundamentals of Bitcoin Cash BCH as a response to those people.

Currently, the market is not buying yet how great Bitcoin Cash BCH is. But with the help of its community, the potential of DeFi and SmartBCH and the continuing adoption taking place all over the globe, time will come that Bitcoin Cash BCH will eventually receive its deserving valuation.

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2 years ago

Comments

All in good time :) It's what most of us wish for :)

$ 0.00
2 years ago

Indeed. Eventually it will come :) I saw it on 2021, we well saw it again.

$ 0.00
2 years ago

Soon. Baka palarin mas sooner pa 😁

$ 0.00
2 years ago

It will. In due time 😁

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2 years ago