Bitcoin Cash Outperforms The Entire Market (2024)!

0 112

Written by

Bitcoin Is Cash

6 months ago

These are the top performers of the cryptocurrency market YTD (year-to-date), as illustrated by the chart provided by Wu Blockchain.

As we can see, BCH stands at the 18th position in terms of price performance, outperforming Bitcoin BTC, Ethereum, and nearly the entire market.

Many of them are new tokens on the Solana chain that have appeared recently and could easily disappear as fast as they climb the market cap rankings. These tokens, serve no purpose.

They are often seen as scams or pump-and-dump schemes, making them extremely dangerous investments.

WIF, PEPE, FLOKI, and JASMY are currently among the top-performing tokens; however, these meme tokens pose significant investment risks. Their primary objective seems to be filling the 'meme token' niche through aggressive social media promotion, without offering any solutions or addressing real-world problems.

Pantera Capital has chosen to invest heavily in TON, but Pantera BCH suggests they consider Bitcoin Cash instead, as there is still time to reevaluate their strategy.

The vision was always P2P Electronic Cash, which is now realized with the BCH version of Bitcoin, and investors are beginning to notice.

BCH is a decentralized ecosystem with a fair launch, no presales, no centralized control, and no single team dictating developments. Therefore, Bitcoin Cash was deemed not a security by the current SEC chairman Gary Gensler in 2018 (not that it required any official verification).

We are on the brink of the greatest transformation of cash in history with CBDCs providing absolute control of money to Central Banks.

BTC fees are expected to grow to a minimum of $50 per transaction.

The only Bitcoin version that truly works is Bitcoin Cash.

Why has the price of BCH risen so abruptly during the last twelve months?

Bitcoin Cash has the highest odds of mass adoption as a permissionless payment system.

Blockstream's BTC stands at uncharted waters as it attempts to convince finance of vague "store of value" characteristics, even though a store of value also has to contain actual utility. With BTC fees reaching $100 or even $200 and with projections for even higher fees, the Bitcoin whitepaper describes something grossly different.

Nakamoto's whitepaper envisioned a peer-to-peer electronic cash system characterized by low transaction fees and fast transactions, a far cry from the present reality of BTC.

The utility of Bitcoin is described in the whitepaper which explains a P2P Electronic Cash ecosystem, built for payments with no additional third parties acting as intermediaries.

The Lightning Network is exactly that, a trusted third party. A custodial mechanism that strips Bitcoin of its revolutionary features, eroding Bitcoin's decentralized ethos.

There are no layer-2 networks in the whitepaper and Satoshi never intended their development.

Bitcoin Cash experiences a massive development activity Bitcoin Cash is undergoing a significant surge in development activity, with Cashtokens and ABLA marking a new phase of refining the permissionless economy of the future.

A future that is not too far.

This is why BCH is experiencing a rapid rise and I firmly believe we should anticipate the price to adjust to substantially higher levels than we've witnessed thus far.

It shouldn't surprise anyone if BCH replicated the performance BTC demonstrated in 2017, as current indicators bear a striking resemblance to the price action of that period.

Economic changes will be abrupt, massive, and beyond the control of the established controllers and the legacy financial system.

Bitcoin Cash reignites the revolution.

Perhaps the beginning wasn't optimal, and there have been unforeseen challenges along the way.

We're dealing with facts here, and what's undeniable is Bitcoin Cash exists as the version of Bitcoin that functions exceptionally well.

With a thriving and dedicated community, it achieves scalability on-chain, poised to facilitate global adoption.

A decentralized network boasting several teams of developers, decentralized crowdfunding, backed by a large and robust community, stands as a testament to the resilience of Bitcoin's original intention.

Charles Hoskinson and Vitalik Buterin frequently discuss BCH, with Hoskinson often proposing theoretical collaborations (although not feasible).

As newcomers read these comments, they realize that their initial perception of BCH as a mere fork lacking potential was misleading.

Back in the day, old men were yelling at Bitcoin.

Today, "old men"yell at Bitcoin Cash:

Bitcoin Cash is a thorn in conformity while cryptographers with degenerate tendencies day-trade their BTC and promote obscure and centralized online platforms.

Yet, Adam Back and BTC do not pose a genuine competitor to BCH, as the BTC version has already altered the narrative to please the legacy financial institutions (overlords).

While BTC has ventured into different avenues, BCH remains steadfast in upholding the original intention of Peer-to-Peer Electronic Cash.

As the fiat cash monopoly is attempting to entrench its dominance and re-establish complete authority with CBDCs, Bitcoin Cash emerges as a viable alternative with low fees, fast transactions, and a scalable network capable of facilitating global commerce.