What Bitcoin Cash Did
The market acknowledged the recent news of "St. Maarten's MP Brison Officially Adopts Bitcoin Cash" and Bitcoin Cash escaped the negative trend at least temporarily.
The market is not irrational in its entirety but focuses on positive news and developments. We have seen a similar market reaction every time Bitcoin Cash offers positive and exciting news.
Bitcoin Cash is bringing new people in crypto and is increasing its network effect. BCH is adding new cryptocurrency users that will research and use or invest in other blockchain networks as well.
Bitcoin Cash is performing a service to the cryptocurrency industry and should be acknowledged even by the competition.
Rising Bitcoin Cash Adoption
For Bitcoin Cash all adoption is welcome, and it doesn't matter if this is good news about XRP, Ethereum, Solana.
Eventually, users will start adopting the payment networks rather than just investing.
The consumers (users) of the networks, will decide which one fits them best.
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I was constantly observing the BCH price while the MP Brison news appeared, and as the news kept spreading on social media and Reddit, the price was also rising.
The market reacted remarkably to this news. Eventually, Bitcoin Cash, will achieve better visibility in the public as the adoption news will start reaching the correct channels that will present Bitcoin Cash to the public.
Bitcoin Cash is currently the only news in the crypto field and should be embraced by rational cryptocurrency enthusiasts.
Probably the reason positive BCH news is suppressed by the main cryptocurrency media like Coindesk and Cointelegraph.
It is the moment when honest researchers and investors separate the good seeds from the bad quality ones and realize the anti-BCH rhetoric is only supporting the BTC speculative narrative. It is also moments like these when the Bitcoin Cash side feels vindicated for all its efforts towards becoming P2P Electronic Cash.
What Bitcoin Cash did all this time was increase its network of merchants, and finally started attracting attention.
Most of the crypto news websites are tied to BTC and avoid discussing anything positive for Bitcoin Cash. This is not journalism, though, but news suppression, and there is only one approach, to stop visiting these media.
Bitcoin.com (news) is an oasis in this desert, so it is perhaps one of the few that still upholds the values of journalism in the crypto field where information is controlled at the hands of a few maximalists.
In Conclusion
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Bitcoin Cash doesn't cancel innovation. Frankly, this is an irrational approach the BTC maximalists present, that makes absolutely no sense.
Why would we just use BTC when there are better alternatives?
Bitcoin Cash doesn't claim it is just Bitcoin Cash and nothing else. Everyone in Bitcoin Cash recognizes innovation and supports it.
Bitcoin Cash consists of honest and intelligent individuals working on a robust blockchain aiming to achieve global adoption for Bitcoin Cash as P2P Electronic Cash.
This is it. It successfully scaled Bitcoin sending a clear message: Bitcoin Cash is the working version of Bitcoin, as Satoshi wanted it to be.
Time is the only one that decides, but it doesn't need too much analysis to see where cryptocurrency is heading. Payments will soon demand decentralized networks, and Bitcoin Cash is offering a state-of-the-art payments network.
Bitcoin Cash didn't die even after two contentious forks and is quickly winning the hearts of true cryptocurrency enthusiasts. Those that are in it for the tech, and not just for the fiat speculation. In general, the price will follow progress, adoption, and potential.
Bitcoin Cash has users today (perhaps hundreds of thousands) and everyone can contribute to its success.
Cover Photo by TheDigitalArtist, on Pixabay (fixed it)
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I haven't tried this so far but I know this so called bch will help everyone not only me and this really helpful also to the housewives and those who has not working although not too much but I somehow found it really good. And it makes me excite to just thinking of it. Gambatte minna