What would be the implications of just holding the most of BCH? I think it's an amazing currency with infinite use cases. But indeed a currency.
Plus, it became widely popular thanks to this community and Noise community, which is great since they're somewhat funding the spread of the crypto. But..... how many of us are actually buying Bitcoin Cash instead of just getting it for free? Are we actually buying this asset or are we just earning for free online.
Think about that long enough. Myself i do buy BCH because it's always relatively stable (nevermind the ATH of $1500 that market was WILD); the fees are low but staking rewards on exchanges are meh. So basically, it forces me to sell them or buy things with it. And that's the ultimate goal of this coin.
It's tight with Bitcoin, with gives it reputation, it has low fees, which it's amazing for everyday shopping. Not quit feeless like NANO or super low like XRP, but still, fast transactions with little to no cost.
So if you're just earning bitcoin cash, don't acummulate and don't sell it for FIAT, try to use it on your purchases, because that will make it stick like a currency. I know it's a lot more comfortable to sell it for USDT or changing it for FIAT but you're not making BCH any good. If we use it like a mean to an end, we're pretty much screwed. At some point this is gonna end, because we can't achieve what we want. That sweet liquidity and that sweet mass adoption.
So try to add it to your portfolio and try to buy things with actually BCH. That'll help a lot. And that will put us on track for more and better ways of implementation.
I would love to hear your insights on this!