Which Is Your Favorite Crypto? Poll Results Explained

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Written by

Pantera

Bitcoin Is Cash

1 year ago

Topics: Bitcoin Cash, BCH, Cryptocurrency, Poll, Social media, ...

The People Have Spoken!

The markets speculate, but the people decide and alter decisions and consuming habits following financial rationale.

I conducted a poll on X.com (ex-Twitter), asking the users of this social media who is their favorite version of Peer-to-Peer Electronic Cash.

The results were surprising.

The social media platform X.com only allows up to 4 choices for the poll, so the most relevant were Bitcoin Cash, BTC, Litecoin, and Dogecoin.

Hundreds of Twitter (X) users participated, and I also cashrained the poll to attract even more and have a more definite sample.

Results Explained

On Twitter, my account is close to 6,000 followers and this Tweet reached 3584 views.

448 individuals voted in this 24-hour lasting poll, implying that just 12.5% of those who saw the Tweet voted.

However, we have to mention that Twitter is not providing quality assurance for statistical samples.

I did not use hashtags to notify any of the communities participating in the poll, to make it as credible as possible.

Perhaps Twitter would have increased the reach if more interacted and voted, although this is only speculation.

Still, we know well that Twitter limits the reach of Tweets for most of its users. An algorithmic limiter enforces the maximum influence a Tweet can achieve.

Whatever results we can extract from this poll, one thing is certain:

The overwhelming majority of Twitter (now X) users, who found this Tweet and voted, voted for Bitcoin Cash (87.1%).

Let’s explore why.

Bitcoin Cash In 2023

(Source: Bitinfocharts)

Bitcoin Cash is escaping the negativity that engulfs the rest of the cryptocurrency market with developments that attract new users.

This chart describes the EMA (Exponential Moving Average with a 90-day period for the last six months) and points to an average of 35k transactions daily.

While the number of daily transactions fluctuates between 10k and 150k, the trend is apparent when we use the EMA.

Bitcoin Cash usage is increasing in 2023, and a new trend is forming regarding usage (and interest/price of BCH).

Here is What The People See In Bitcoin Cash

Cryptocurrency enthusiasts slowly find out that Bitcoin Cash works.

It takes a while to clear the fog of misleading narratives and reach enlightenment.

Here are a few reasons why Bitcoin Cash is altering the cryptocurrency landscape and, within 2024, it is likely BCH will be featured at the top-5 of market cap indexes:

Low Fees, Instant Transactions, Decentralized In All Parts

With transaction fees costing less than $0.01, and instant, uncensorable transactions, Bitcoin Cash is the best money in town.

People are paying attention to BTC and Lightning failures and already realize that the big blockers were right about almost everything since 2015.

CashTokens: DeFi, Tokenization, And NFTs On Bitcoin Cash

The Bitcoin Cash upgrade introduces UTXO-based enhanced smart contracts on the Bitcoin Cash blockchain. Bitcoin Cash already has NFTs, a marketplace, and DEXs, but soon more professional developments with tokenization, various markets, and business application will arrive.

What Is Cashtokens? A New Dimension For Bitcoin Cash

CashRain: A Powerful Social Media Booster

We should not overlook the efficiency of Cashrain in boosting our social media presence.

CashRain has the potential to grow huge. When it reaches there (10–100x from what we find today) it will be a game-changer app for Bitcoin Cash.

Read more about Cashrain here:

Cashrain Is Live And It's Raining Bitcoin Cash!

Institutional Adoption

Bitcoin Cash is one of the Big 4 Cryptocurrencies. Finance always selects Bitcoin (BTC), Bitcoin Cash, Litecoin, and Ethereum.

It is also one of the few cryptocurrencies the SEC’s chair Gary Gensler acknowledges as not security but a commodity instead.

Bitcoin Cash conducted no presales, contains no central authority, and no private company issuing and selling tokens. Evidently, these subjects include higher risk to investors, as private companies keep pitching pre-minted tokens to VCs and wealthy investors but fail to explain how they can end up delisted from major exchanges per request of authorities.

While the landscape is not exactly clear, with the SEC changing its position constantly, we can assume that the top four remain untouchable:

Four Cryptocurrencies That Matter To Finance

Better Risk/Reward Ratio than BTC

Investors that perform extensive research and due diligence can reach this conclusion, yet most are still attached to their BTC investment for this reason: BTC has decent odds of achieving $100K.

Still, reaching $100k will not solve any of the inherent issues and failures of BTC, and in fact, several other cryptocurrencies will once again overperform Bitcoin (BTC), as we observed in 2017 and 2021.

A Vast Community of Supporters

Here is a small sample of the greatness of the Bitcoin Cash community presented in a video I created for the BCH Independence Day celebrations (the special part at 1:10):

Bitcoin: A Peer to Peer Electronic Cash System

This is Bitcoin’s whitepaper, with Bitcoin Cash being the closest version following Satoshi’s intentions.

The results of the poll we examined illustrate the clear winner in the minds of a part of cryptocurrency enthusiasts.

Perhaps if Twitter (or x.com) ever disengages from the previous practices of suppressing content, censoring accounts, and limiting visibility, polls can become more credible, and we can extract results.

Anyone in crypto knows how the previous Twitter administration promoted Bitcoin (BTC) while suppressing the rest of innovation in the crypto domain and how conflicts of interest (Cash App) emerged.

However, not much has changed with Musk’s X regarding a fair reach of cryptocurrency communities.

With this poll, we can extract one factor; a lot more people are interested in Bitcoin Cash than what the untrustworthy crypto media wants you to think.