Selling Your BCH At $100? Guess Who's Buying It!

I created this simple meme yesterday warning against selling BCH for fiat or BTC. Selling means losing hope. Of course, this is not about the trading aspect since traders don't really care for the long-term viability of a project.

In this meme, Robin is always the character that makes a horrible mistake infuriating Batman so much that he slaps Robin while trying to make him come to his senses.

Logic and knowledge suggest that $100 for Bitcoin Cash is too low to consider selling, even if someone is speculatively investing in Bitcoin Cash.

Basically, this is the time to buy, yet investors are usually following this mantra:

Buy high, sell low.

Smart Money Is Buying Where You Are Selling

Smart means smart but is often used to lure the non-smart.

When they tell you smart money is buying and you see price ten times higher than a few months ago, you know this is not smart money, but probably an exit-liquidity is building.

Did anything change dramatically since 2021 when BCH was trading at $700 or even at $1700?

• Did the fundamentals change?

• Was the adoption of Bitcoin Cash reduced? 

• Was security compromised?

• Did Bitcoin Cash lose its censorship-resistant features?

• Were fees higher than 2021?

• 0-conf isn't working anymore?

No, no, no, and no.

It did everything better, instead. Bitcoin Cash is maintaining progress in developments, adoption, and userbase.

We observe progress and unity in the community.

Why would anyone sell their BCH now? Nobody is losing faith in the network.

If BCH is going to zero as all the "Robins" out there suggest, then I'm willing to hold and keep buying all the way down to zero.

One thing is certain. This is the price where the (real) smart money slowly buys.

Here is what the smart money is doing while you are considering selling at $100:

(source: Twitter)

It's not easy for investors to recognize the correct time to buy or sell, and we can never catch the bottom or sell right at the exact top.

Yet, there are some fundamentals we can't ignore. We place our bets not trying to find the exact bottom but a price that we consider cheap and unfair.

Now, those that are claiming crypto and projects that work flawlessly for years are going to zero are the same calling everyone to mortgage their house and buy Bitcoin (BTC) at $60k.

Conclusion

Memes explain things better, and it is not easy to create one to convey your message to the public. The meme has to present a situation perfectly with limited use of words.

The image should correspond to the message as well. In this case, the slap is not inducing violence but a wake-up call.

Just one year ago, everyone was thinking about why they didn't buy Bitcoin Cash at $100 when it was trading there in 2020 and earlier. Well, there you go, a second chance to put your money where your mouth is.

And we got people today thinking of selling at this price. The only sales I'd consider reasonable are trades. Those trades that are properly set to exploit an analysis pointing to a new sell-off in the crypto market (which I basically can't see in the chart right now, either).

If you are not considering rebuying but will only move fiat money to a bank, well, you should have done that last year, don't you think?

In a few years, you will be considered the lucky investor that bought Bitcoin Cash at $100.

• Cover Photo by " gerart ", on Pixabay

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