A Shining Ray Of Hope

The price action, trading, and speculation brought tens of millions into crypto during 2020-2021. And, after the hype ended, a long process of research begins.

During the previous crypto bull run in 2017, about 10% of crypto-beginners didn't abandon the market after the prices collapsed.

They found elements in this financial technology difficult to ignore.

The next wave of crypto adoption will be billions, although it won't be mere speculators or investors. The next wave will be the actual users.

New blockchain users will select the best performing blockchains, not as an investment, but as a tool, a currency that will contain low fees, instant transactions, and decentralization.

Understand Crypto Beyond The Investment Factor

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The governments' Covid response was inefficient and resulted in the loss of consumer's purchasing power. Savings in banks depreciate as the prices of goods and services are rising dramatically. Inflation is not a joke in these conditions of financial instability (lockdowns, rise of authoritarianism, wars).

We may have some money in the bank just for an emergency, and a year later, we realize this money is not enough to cover even the basics.

We have to invest most of our fiat, to make it work for us, and we can select between multiple "asset classes". The most popular today are:

• Real Estate

• Stocks

• Commodities, and

• Cryptocurrencies

Investing in cryptocurrency demands understanding the technology and its disruptive potential.

Equally important is the ability to liquidate into various other assets almost immediately, at a market price. The liquid market makes cryptocurrency competitive with various investment assets.

Real estate, takes months if not years to sell a house or land. You can't hurry and sell fast enough, even if you discovered a bubble in real estate.

Cryptocurrencies are easy to liquidate, and this approach can even be used as a savings and emergency account. Although, crypto, comes with an extreme volatility, a sharp increase and decline in fiat (USD) valuation.

In a sense, every investment is a gamble, since we calculate odds and the potential and explore our options.

We have to invest, though, as our money in the bank is doomed anyway especially with the current inflation.

Crypto gives hope but is also dangerous since prices can enter a lengthy and sharp decline that can last for years.

Bitcoin Cash as an investment has the potential to achieve great results.

In 2021, we observed a boost of confidence stemming from the fundamentals of the technology backing BCH, with the price reaching close to all-time high price of approximately $2000.

It is not all just marketing with cryptocurrencies, but the utility is the decisive factor for the long run.

The Metaverse Is Only A Few Years Away

The trading of NFT images is the representation of what this technology has in store. It will not be simple images.

The use case of NFTs is in the Metaverse, the virtual world we will soon be using at least for hours daily.

In time, we will be allocating more of our time with the Metaverse. The internet is used by billions today, and millions spend most of their day browsing, working, using the internet.

Reports suggest the Metaverse will produce a value worth of $1 trillion yearly, just in its starting phase, in this decade.

Blockchains will find applications in the Metaverse, but which can we assume will be acceptable and adopted?

Transactions that take days to validate and cost $50 or instant transactions with fees as low as a fraction of a penny?

The illusion today is BTC acting as money while it has no chance for adoption.

The future was never about slow, stagnated, and expensive to use products.

Decentralization Is Non-Negotiable

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Whole industries focus today on reproducing blockchains but most will eventually fail as they lack decentralization.

A (private) blockchain is not always a solution. It is a macro-scale solution but not one for small businesses.

Perhaps blockchains can work for those corporations that apply vertical integration in their business model, but will still be censorable databases under the control of a team (board of directors). It could succeed but doesn't eliminate trust. Those with access can alter the data.

A centralized blockchain doesn't offer credibility.

Decentralization presents tamper-proof permanently recorded data, censorship resistance, and cryptographic proof of ownership.

Of course, this comes with the responsibility of securely storing private keys. It doesn't mean we shouldn't use crypto but hold as some suggest.

The right approach is to keep accumulating cryptocurrency with fiat and support crypto payments with blockchain transactions instead of fiat.

In Conclusion

It takes courage to escape propaganda. It is a threat by itself, though, and I hope everyone has a mindset to realize the evil produced with this approach, and how some arguments are far-fetched and misleading.

Internet propaganda seems it has grown into an industrial size lately. Some propably have already witnessed a vast network of anti-BCH social media accounts in almost every BCH tweet, trying to instill a negative sentiment.

There is a line to draw when supporting or promoting cryptocurrencies and while crypto can help individuals escape some situations.

Some situations are unavoidable, though.

Cover Photo: by Joshua Sortino on Unsplash (modified)

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