@RowanSkie
more from that month
You know, one of the greatest things with BCH is that I can actually use it in some way or another. Although considering that I'm currently somehow hoarding BCH and ended up with 3.5 BCH meant that I must be doing something wrong. I might actually just pocket 2.5 BCH in some paper wallet for safekeeping, or maybe I'll spend all of it. I don't really like holding money that much.
9 comments
Why not just invest it into a high yield ETF? At least it gives you a couple of options. You can earn a nice dividend, and later on if you decide you want back into BCH you can always just put it back. Worst case scenario, spend the dividends and leave the principle alone.
I'd rather have low-fee transactions than getting USD out of it, thanks for the suggestion anyway.
The 12% yield of QYLD more than makes up for any transaction fees to my mind. Let's say you have $100 USD in it. You yield $12. Do you get the same in equivalent low cost transactions on that $100? Not saying DON'T invest or hold or stake BCH. Just offering a more lucrative alternative if the decision is to pull the money out of it.
Dunno, the decision has always been "BCH is to be used as *the* money, not turn it to USD."
I hear ya. Believe me. But the portability is not there quite yet. Until I can walk into the grocery store and buy my food with it, it's just a store of numbers with no real value. Not knocking it. But I like my money to be spendable at some point. I think BCH can get there. It's just not there now.
Well, I guess that's the problem indeed. Could help by actually making have value and passing it around, you know. Anyway, yeah, thanks for the suggestions.
It will take time to be adopted. The portability thing just means that more vendors have to be willing to accept any of these coins as payment at some point in order for the currencies to have viability. Again, I think we are starting to see some of this happening. But ultimately crypto, if it is to have any value at all, needs to be as easily exchanged for goods and services as fiat is now. If you are in the Philippines, for example, you don't have to ask the shop if they will accept a peso. It's a given that they will. But if you walk into that same shop with only BCH in your wallet and they don't accept it, you are as good as broke.
That tactic isn't really up to standards these days anyways, tipping is a good way to promote adoption.
Tipping can help to encourage the currency. But I still think adoption will occur if and when the business operators at large see it as a viable method of payment conducive to their businesses. And again, it has to be a crypto that is widely recognized and accepted. Right now there are so many coins out there, I think businesses are having a difficult time figuring out which ones to accept and which ones not to... And of course, businesses do not want to spend all day processing Amps, Bitcoins, Forges, and so on and so forth.