You might be thinking, why is BCH slowly dropping from the top 10 crypto's by market cap.

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Avatar for MuhammadArslan
3 years ago

You might be thinking, why is BCH slowly dropping from the top 10 crypto's by market cap. I will tell you why.

The fake always comes first and is not recognised as fake till the real shows up and exposes it.

Let's have a look at the top 10 shall we.

Bitcoin --> not enough utility to justify it's value, only has the network effect which might run out.

Ethereum --> 100% legit. Will take over the entire planet, no doubt whatsoever.

Tether --> Won't last forever.

XRP --> Not even a cryptocurrency, was created before Bitcoin even and uses none of Bitcoin's innovations. Without Bitcoin XRP would have died a long time ago.

DOT --> slightly modified clone of ethereum, still has to prove that it's better then Ethereum but even then Ethereum has the network effect.

ADA --> Another one from the Daniel Larimer aka Bytemaster aka "If you don't understand it then I don't have time to explain it to you" club. All they do is go from one clone to the next one to the next one, over and over again. It makes Bytermaster his investor rich, he gets a nice cut. That's all. It does not do anything else.

Apparently not Daniel Larimer his work but Charles Hoskinson, and still scammy.

LINK --> Kind of legit, but not essential. Link competitors will emerge. Link oracles are complex slow and expensive. Also the relationship between the tech and the token is not really there. The token is not needed for the oracle technology. Ethereum could natively integrate LINK it's technology and LINK will become 100% useless.

LTC --> Clone of Bitcoin that refuses to scale just like Bitcoin.

BNB. --> Mainly traded on Binance which means if Binance wanted it this one could go to 100 000 USD tomorrow. Binance is shady as fuck, it won't last.

So the conclusion is this:

We got Bitcoin Cash and Ethereum and some legit Ethereum competitors like DOT. Is there any proof of work coin that can be considered a competitor to BCH? Only BSV and BCHA are. BSV is controlled by bad actors, it would have to get rescued by non bad actor first. Unlikely to happen.

BCHA has to rebuild everything, it will need 5 years just to get where BCH is today. We wish em luck but we will need 3 years just to know if there is even going be a threat of them becoming a competitor. They are lead by a notorious sucky leader who does not understand how to play politics with a high change for forking further down the road when the leader has yet again pissed of enough people.

So BCH does not pump right now. So what. Get more coins when you can. Keep em safe. Wait. Use BCH as money. Be happy it's staying above 400 and not crashing to 50.

This is a marathon. Have faith in the fact that speculative bubbles are self destructive by their very nature. Crypto is still 99% speculation and 1% "hey it actually does something useful no other tool can do"

It's slowly changing, which will kill the speculation.

But we might have another 10 - 20 years of speculation first before we even get to 5% utility and 95% speculation.

Speculation does not take any hard work, so it simply moves faster and more aggressive. Changing the world is hard work and to much of a hassle, most people just want to have a quick rich scheme instead.

Let them scheme, they have never lasted and they never will.

Keep the faith, keep using BCH as money, keep using BCH as a hedge against inflation.

Price goes down, buy the dip. Price goes up, take a bit of profit.

And be patient. There is still at least 10 years or early adoption phase ahead of us.

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