Bitcoin Cash Thrives In These Four Sectors Investors Demand

There are some benefits with a bear market, and one of them was pointed out by Vitalik Buterin lately.

The focus of investors is now shifting from "hype" and speculation into projects that actually work and develop towards achieving their goals.

We can't certainly tell if a "crypto winter" has arrived, or that it will take another year or two for cryptocurrencies to revive and become mainstream again.

The crypto seasons do not affect Bitcoin Cash developments, though.

BCH didn't stop when in May 2021 reached a yearly high of $1,600.

A fair valuation should have been way higher, although, in the last few months, we witnessed a downturn to levels back experienced in 2018 and 2019.

The price may have dropped, significantly too, and currently reaching close to historic lows. With Bitcoin Cash, we observe quite the opposite from the panic surrounding the communities of other blockchains.

Bitcoin Cash is now a united community focused on achieving its goals.

It is worth looking at Bitcoin Cash again, as crypto "hype" calms down, and the projects that kept building now surface again out of the smog of short-term speculative frenzy.

Four Critical Sectors Where Bitcoin Cash Thrives

Price, price, and again price.

The only argument used against Bitcoin Cash for years is the underperforming price of BCH.

Nobody can argue, this is the current price of BCH. Suppressed or not, every investor knows it should be performing better.

But, when is the best time to buy? For how long can investors keep buying the top of assets representing malfunctioning blockchains, and ignoring top-tier assets when they are right at the bottom?

The right moment to buy is when you feel that this is a lost cause. You will check the prices and feel this was a disaster.

The best time to buy is NOW.

Attention is now on the fundamentals Bitcoin Cash presents to investors and why this is a great time to buy at $289.52 (at the time of writing). Always, though, presenting this view with a warning that the price can keep going lower for a while.

Dollar-Cost Averaging (DCA) is probably the best investment option we have at this point since we don't even know the absolute bottom or top.

It can take two months or two years before prices recover, but investing is about the long run.

1. Global Merchant Adoption

(map.bitcoin.com)

More than 10,000 locations accept Bitcoin Cash today.

The adoption of Bitcoin Cash as P2P electronic cash is rapidly growing in regions like Latin America, Australia, the Caribbean, SE Asia, and Central Europe.

Bitcoin Cash follows the logic behind the creation of Bitcoin by Satoshi Nakamoto.

It upgraded the Bitcoin network by increasing block capacity and removing restrictive to payments updates (RBF) and now focuses on global adoption as a currency.

2. Online Microtransactions and Tips

Bitcoin Cash is the best method for tips and microtransactions.

• Read.cash

• Noise.cash

• Chaintip (Twitter and Reddit app)

• tipb.ch

Microtransactions are impossible with BTC, ETH, and most other blockchain networks since they suffer from high fees and network congestion.

With median fees of $0.0007, the modern digital economy finds a unique ally in Bitcoin Cash.

A decentralized blockchain network, instant and inexpensive in transaction fees, can help in multiple ways in the building of the Metaverse.

Noise.cash is an ideal model social media platform, one that Twitter tries to (unsuccessfully) copy with the inclusion of (Ethereum and LN) tipping services.

Bitcoin Cash is one of the best available methods for tipping services to use.

A number of the read.cash and noise.cash users is now well educated on cryptocurrencies and focused on Bitcoin Cash adoption.

Both read.cash and noise.cash present multiple positive effects for Bitcoin Cash. 

3. Institutional Adoption

In 2021 alone, some top financial and retail institutions adopted Bitcoin Cash as an investment or payments option.

• JPMorgan Chase & Co. (USA): (BCH - BTC - ETH - ETC)

• SBI Holdings (Japan): (BCH- XRP - BTC - ETH - LTC)

• Rakuten (Japan): (BCH - BTC - ETH)

• 21 Shares (EU): (BCH - BTC - ETH)

• Interactive Brokers(USA currently): (BCH - BTC - ETH - LTC)

• AMC Theaters - Bitpay: (USA)

• PayPal (USA & UK currently): (BCH - BTC - ETH - LTC)

• Bancolombia (Colombia): (BCH - BTC - ETH - LTC)

Bitcoin Cash is more than just a digital currency.

It is a better way to deal with the issues of fiat currencies, and a hedge to financial instability, a feature that attracts institutions.

Institutional investors are interested in Bitcoin Cash. It is a well-known crypto "brand" and will meet high demand under certain circumstances.

Adoption as means of exchange is always high on the list.

Investors would certainly feel better watching a big corporation or perhaps even a government endorsing it and accepting BCH as legal tender. Not with an authoritarian or forceful approach, but as a voluntary option for consumers and businesses.

4. Smart Contracts: SmartBCH

SmartBCH (a high throughput EVM compatible sidechain to BCH) is a rising star and found overwhelming support from the Bitcoin Cash userbase.

SmartBCH is one of the best developments on top of Bitcoin Cash, using BCH as a network native token, and exploring Ethereum smart contracts (NFTs, DeFi, Dapps) in a cost-efficient approach for the user.

The increasing numbers of daily users of smartBCH directly become users of BCH and integrated into the Bitcoin Cash philosophy of P2P Electronic Cash.

Currently, smartBCH offers multiple decentralized finance platforms that are ready to expand into the "Cryptoverse" soon with the release of SHA-Gate, a decentralized bridge to Ethereum (and ETH sidechains).

In Conclusion

Prices in the cryptocurrency market have dropped significantly while some prominent figures in the field suggest we may have entered a prolonged bear market, at least for a vast set of cryptocurrencies.

Prices can go a long way down before recovering. However, a network like Bitcoin Cash that keeps delivering and developing, is an investing priority, especially at a price 80% lower from the 2021 yearly highs.

The price of BCH dropped significantly but will eventually recover following increasing adoption and innovation.

BCH presents today a rare opportunity with an exceptional risk to reward ratio.

Investors of Bitcoin Cash recognize its potential to reach a fair valuation in the long run.

Every major development has to deal with an opposition spreading misinformation and FUD, and the anti-BCH propaganda that exists today won't accomplish its targets, as eventually utility trumps speculation.

Bitcoin Cash is digital money, easy to access and use.

Its utility applies to the Metaverse, with its microtransaction features and smart contract capabilities.

Cover Photo: by Gradienta on Unsplash (modified)

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