2022 The Year of Bitcoin Cash

48 269
Avatar for Pantera
2 years ago

I wish everyone (again) a Happy New Year, with joy and success.

Yesterday (New Year's Eve) I woke up to a pleasant surprise, as Club1BCH awarded me with the best BCH content creator for the 2021 award!

Thank you so much, for the award and acceptance in Club1BCH.

It was the best moment I've had in all of 2021 so I have to sincerely thank everyone from Club1BCH.

I've said a few days ago to @PVMihalache that we are all going to make it, because I feel many lately begin to understand that cryptocurrency is not a way to earn money online, but instead offer a way out of the corrupt and flawed financial system and an entry point to a better alternative.

The current system is based on debt, inflation, and financial control. This system works, but only until it suddenly stops working. I've been in crypto for this reason exactly and sadly not since I've first found Bitcoin but way later.

2022: The Year of the Tiger (in the Chinese Zodiac)

Source

I love watching the price of Bitcoin Cash rising as it gives us hope we are on a good course. I still don't get discouraged when the price drops but hate it when it happens. This is all temporary, though, and in the long run, chances are in favor of better prices, meaning our BCH will have a better purchasing power.

It is definitive, though, that our fiat won’t.

It is difficult for many that struggle financially to hold their BCH, and everybody understands that. Some strive to survive with the money they earn online. However, some don’t need to sell their BCH to fiat, but will do this anyway, thinking they profit with this approach.

You don’t profit. You lose money by simply selling Bitcoin Cash to any fiat currency.

Every family needs emergency funds, and while some will keep a few gold coins hidden from plain sight, most families will prefer having an emergency account at a bank.

Yet, this account each year loses money. The banks offer 0% interest, still even if they offered any interest that wouldn’t be enough to cover the current inflation levels. Prices, at least in Europe are between 25-50% higher than last year. This alone points to the fact that the money in your bank has lost at least 25% of its value in just one year.

Of course, the official inflation is way less, about 5-6%, yet, for the consuming habits of the 95% of the population in Europe, the prices have risen exponentially. The Christmas table is representative of the personal adjusted inflation and in every part of the world, it was a lot higher than the official inflation statistics explain (sourcesource2source3).

Source

The trust the financial system requires today is simply too much to ask for, and inflation is devouring any savings we have.

The long-term viability of an economy is not based on politics, yet money is at the hands of a government.

Inflation is reducing our purchasing power, and the increased taxation would be a burden difficult to escape after the excess spending of our governments.

I am seriously vouching for crypto and always explaining our options. After these five years, I concluded that some cryptocurrencies have better odds since they are working exactly how I imagined them when I first started in 2017.

The Lightning Network is an insufficient attempt to revive the payment features BTC has long abandoned. The centralization tendencies are inherently represented within this network and only re-create the traditional banking payment networks, although, with an even more complex approach and even less efficient than it already is.

LN meets rejection in El Salvador and its supposedly increasing network effect is nothing more than a few million airdrop hunters.

Don't just "hodl" but Invest In Bitcoin Cash and Use BCH

I will soon close 10 months as a member of read.cash and about five years in cryptocurrencies in general. My investments today are projects I have found to be working with conviction towards a certain goal.

I hold 10BCH today on (non-custodial) wallets, and a few more in smartBCH. I plan to keep increasing this number for a long time and use BCH any time possible for payments (although I have to admit this part is still difficult).

I am considering moving another 5BCH into smartBCH since the opportunities are there and feeling that I'm missing out after skipping this option for the last month.

This is my BCH outside of smartBCH with the recent addition of read.cash and noise.cash BCH rewards from December. I felt bad for withdrawing from read.cash, but trust me this is not going anywhere else except perhaps smartBCH.

I don't plan to sell anything for fiat but will keep accumulating for the long run. Fiat is even less attractive today than ever before (highest inflation in two decades).

I have no idea where the BCH price will go in 2022.

For the long term (meaning more than 2 years), I predict Bitcoin Cash will rise, and I can see the Bitcoin Cash price revisiting the 2021 high of $1500. If I sell at a certain price, then it could be an unforgivable mistake when the price starts shooting up. So, I plan to just keep accumulating and only sell a few BCH if some kind of ridiculous price action happens.

Don't forget one thing. Bitcoin Cash also has a halving every four years. The next one is in 2024, almost two years from now (estimated around March 2024). With demand stable, the supply (selling pressure by miners) reduces by half, and this sends prices higher. With the current BCH price and demand increasing, I actually would find it odd to see the price of BCH not rise significantly within these two years.

In Conclusion: We are All Going To Make It (Just Be Patient)

Source

When it comes to evaluating NFTs this is a difficult task. Liquidating in BCH (selling the NFTs) may take a long time. Especially if its rarity (and price) is relatively higher than the rest since the right buyer should find a bargain price that would have the potential for profit for the buyer as well. I hold about 5BCH right now in NFTs, and this is the lowest valuation, at prices that could be met easier, after a few days. With floor prices, this is perhaps double.

I calculate rare NFTs by cutting down the floor price a lot and examining the previous sales to have a better idea.

My target for 2022 is rather ambitious (100BCH) but with the correct approach to smartBCH investments and moderate risk, it could happen within 2022.

2022 could be the year of Bitcoin Cash, and a decisive factor in this is the smartBCH sidechain.

Tomorrow I'm publishing the December report, stay tuned!

Images:


New article on BCH101.com: OASIS - The First NFT Marketplace on smartBCH


DISCLAIMER: All material published in this content, is used for entertainment and educational purposes and falls within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of material used in this article, and have an issue with the use of said material, please send an email. No financial advice intended.


Follow me on: ● ReadCash ● NoiseCash  ● Medium ● Hive ● Steemit   ●Vocal ● Minds ● Twitter ● LinkedIn Reddit ● email

Don't forget to Subscribe and Like if you enjoyed this article!

38
$ 22.37
$ 20.13 from @TheRandomRewarder
$ 0.50 from @PVMihalache
$ 0.27 from @Telesfor
+ 19
Sponsors of Pantera
empty
empty
Avatar for Pantera
2 years ago

Comments

Happ New year

$ 0.00
2 years ago

Sorry this coming late Happy New year and the truth is that bch is now below 400$ and it would be really hard for those that make money on online to feed the family I also had leave my read cash cause bch had decreased in price wait for it to rise again. I had to sacrifice my new year celebration because I don't want to spend it. Again Happy New year.

$ 0.00
2 years ago

100BCH in 2022 is more than a reasonable goal. All the best and congratulations for your award again. Totally deserved it 💙

$ 0.05
2 years ago

Wow ... this opened my eyes to a new reality Well , in all talks , I dont keep my Crytocurrencies for a long term cos I have constant need for money ... I would try to hold and also invest my BCH to promote it ... Congratulations on your award ...Nice one from the club

$ 0.00
2 years ago

Happy New Year and welcome to the club.

$ 0.01
2 years ago

With patience and consistency we all going to achieve almost what we wants to archive in this year and if all weren’t achieved then we continue next year it’s all about matter of time.

$ 0.00
2 years ago

Congratulations on the feat. Which exchange(s) do you recommend for keeping/trading BCH?

$ 0.00
2 years ago

Maybe Coinflex, but I haven't tested the trading options, yet. I don't trade often nowadays.

$ 0.00
2 years ago

2022 will be such a great year!

$ 0.10
2 years ago

We were stack for two years in a bear market, nothing can touch us!

$ 0.00
2 years ago

Not many Crypto Veterans lived to tell the story

$ 0.00
2 years ago

I admit I sell BCH to fiat recently since I needed money, I run out of fiat and the last resort is my crypto especially BCH.. but I only sell when I really needed, it's painful to sell but I only sell a little portion because I also plan to hold it for long term. I'll do my best to grow some of it in SmartBCH.

$ 0.10
2 years ago

I know, and I also had many needs previously, but luckily managed to recover what I sold. Basically, this is up to anyone, there is no reason to feel bad. I hold from this point and will keep adding to this position, as well as in smartBCH.

$ 0.00
2 years ago

I am happy you stated the fact that BCH isn't just a coin meant to HODL else it would someday become a store of value just like BTC, the everyday usage of BCH is something we need to see because that's the purpose.

I am one of those who use BCH for my personal use, it only hurts me doing so because I have to convert to fiat first since there aren't merchant in my neighborhood. I tried converting some but it didn't work out well since they are obsessed with the fact that Crypto is a scam.

The future is bright, I believe in that a lot. I would be happy to see how great it turns out in few years.

$ 0.05
2 years ago

I understand how it is in some parts of the world. What is today legal, tomorrow may not be and this is everywhere. Take care!

$ 0.00
2 years ago

This gives me an idea that I will not withdraw my bitcoincash earnings with in a year and just keep it on my wallet. I read also some articles written by some crypto analyst and they have a positive point of view about bitcoincash in this coming 2 to 3 years from now. I am always at the positive side.

$ 0.05
2 years ago

Congratulations for the award which you rightly deserved. Infact, I envy the idea of moving your BCH to SmartBCH judging from my little of the platform. As a newbie I am learning from people like you. And this year, I hope to give it much more attention, and someday be like you pro! In the meantime keep motivating us.

$ 0.05
2 years ago

I expect BCH to kaboom this year and pretty positive it will happen :) Good luck on your 100 BCH dream, tough but not impossible.. hope we see you make it

$ 0.00
2 years ago

First of all, hearty Congratulations for the award. Its a great achievement by any standards. Its also a fantastic way to end your 2021. Your experiences of accumulating BCH is quite inspiring. It just shows that one needs to have a strong conviction to HODL for long term. Fiat is absolutely useless in today's times. I feel its better to move money into BCH projects, because the upsides are far higher. There may some dips along the way, but its going to far better than inflation eating up the fiat curencies.

$ 0.00
2 years ago

I believe BCH will be bullish this year. I also moved more than 50% of BCH to SmartBCH.. It won't only help me grow my BCH, but also a way of supporting its projects.

$ 0.05
2 years ago

Agreed. There are a few projects that are worthy of the support from the community. These will be recognized as they keep developing and bringing useful features. I hope to find more that are worth it. I even consider moving everything to smartBCH and perhaps keep a small amount in the wallet.

$ 0.00
2 years ago

Congratulations for the award. I like the idea of moving your BCH to SmartBCH. I have now moved almost all my BCH to SmartBCH. In the mainnet, I only have something that I need to spend from time to time. If I need more, then I get it from SmartBCH to mainnet via hop.cash. If you cleverly put BCH into farming there, you can make profits despite the BCH price decline. In the end, you have more BCH and FlexUSD. SmartBCH is the best thing that could have happened to me.

$ 0.10
2 years ago

I also feel the same way. The total value locked in smartBCH will only keep increasing so Defi is our best option. I just had little experience and taking a very cautious approach, but you are correct, it should be the definite move.

$ 0.00
2 years ago

Before SmartBCH, I had no experience with DeFi at all. I didn't know what it was or how it worked. My first attempt was a farming with EBEN on benswap. I only stacked a little and immediately made a loss. I learned from that. Now I'm much smarter. I now know where the risks are and how I can minimise them.

$ 0.00
2 years ago

Happy new year 2022 to you. Very useful information for BCH lovers. Everything related to BCH. smartBCh, I'm also studying it and ask someone who understands this and your article is also helpful and encouraging for us, especially I'm new to BCH, thank you. you are awesome

$ 0.00
2 years ago

You did well and truly the best to deserve the award. Congratulations on your success.🥂 And what you've said is right, patience is just what we need. But for sure BCH will soon rise. And I admire you for keeping your goals and decisions thoroughly. Keep going and continue to inspire us! Happy New Year 🥂💚

$ 0.05
2 years ago

Thanks eomma. I have confidence in BCH and at the current price I can't sell for any reason. There is no issues on BCH community as previously with the two splits, and with smartBCH it is only looking to become stronger. I have goals, but if I don't make it there, I still think it would be a great time.

$ 0.00
2 years ago

First congratulations on the award, there’s no argument, you deserve it. I also plan on giving more attention to SmartBCH this year. I was on a call with my friend Giddyboy earlier and i told him ,I'm moving 1 BCH into my metamask wallet today. This year, we all are going to win together.

$ 0.10
2 years ago

Got a really good feeling on smartBCH. Don't want to jinx it! It has some amazing momentum, things are looking great. I will increase with farming pools, but also has a few dangers with some tokens that can lose value. Still there incredible potential.

$ 0.00
2 years ago

Another year #bitoincash 9 BCH is a lot, congrats! Welcome to the club by the way...I just hope that more people will see the real use-case of bch.

$ 0.05
2 years ago

Thanks, pal. I have sold some BCH since I started, but, managed to recover, bought some back lower and for some months now I'm only accumulating, tipping, and spend where I have needs and there is this option. Some services I use don't accept Bitcoin Cash, though, so I'm just asking them to adopt this payment method with a message or an email. I doubt any merchant wants to lose customers because they don't accept their money.

$ 0.05
2 years ago

sadly, only few merchants accept BCH or other crypto (especially in our country)...seems that they are still not open for this and they need to learn more about crypto. I think most of the people only see crypto as an investment.

$ 0.00
2 years ago

Congratulations to you on your award 'best content creator' It is quite an honour and I agree that you deserved it. With regards to your crypto analysing capacity, I feel that it will take little time for you to be able to analyse NFT's better with time

Happy new year wishes from me to you.

$ 0.00
2 years ago

NFTs is something that can be hype most of the times. But when there is a clever approach by the team, I try to get in early. See Law Punks for example. Valuating the NFTs like in how much is the least you can get from each, is difficult, though.

$ 0.00
2 years ago

The low value of the minting price of Law punk makes it easier early. With time it became random. Analysis became complex. Directing 5BCH is somhow huge. Sending that value into smartBCH will be so interesting, you can explore more on benswap dear.

$ 0.00
2 years ago

Wow congratulations for the award you received from Club1BCH. You deserve it...Holding 10 BCH is a wow. That's a big, big amount already...In terms of NFT's i am still confused about those things, what I tried today is investing in SmartBCH and still learning about other terms in Crypto

$ 0.02
2 years ago

This is great, take it slow and you will learn one step at each time.

$ 0.00
2 years ago

Yes, i will. I have to read more informations about all those in here

$ 0.00
2 years ago

● ReadCash ● NoiseCash ● Medium ● Hive ● Steemit ●Vocal ● Minds ● Twitter ● LinkedIn ●Reddit ● email... You work all on these.?... Great 😊 appreciate my brother 💕

$ 0.00
2 years ago

I have stopped in some. I was using Hive for 6 months but there wasn't so much interests. The audience at Hive is mostly interested in Splinterlands articles, wasn't my style so I stopped there. Just have these links as a reference if anyone crosses my content there. I still use Medium, although, mostly to republish some content I post on read.cash.

$ 0.00
2 years ago

Which one of these are best?. Read.cash ...and Noise cash

$ 0.00
2 years ago

These two, yes. There are some writters/bloggers that have managed to do better at Hive, though.

$ 0.00
2 years ago

Thankxx

$ 0.00
2 years ago