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The crypto market is still red, which should i buy, the BTC or the BCH?

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Written by   82
1 year ago

This wake up call message is for all those that may yet nurse an unrealistic fear and the believe that the BCH is down to a crash and would never recover at all going by its recent slump in price, i just want to let you know that it is about time you came out of that thought and place your mind straight as to flowing with the ties and trends of events.

When i was observing the market trend of the cryptos yesterday, i came to the full realization that something quite geeat was happening and a little more shape and changes are currently going on away from what we do know of hence, i noticed that very great crash of a price to a position that is far too low unacceptable given the embattled coin's initial placement and ranking according to the statistics that was provided by the coin statiscians at the coingecko market.

One thing is ever sure that would or should be able to allay or remove your fears of a potential BCH crash and that is by the way of the fact that other cryptos are also blooding down greatly in price as none of them don't ever seem to give anything of hope to its holders of which most persons have for sure misjudged to mean a total crash of the coins they hold.

Yesterday's price of the BCH honestly should be enough to send in some amount of shock down the spine of its users and holders as the price as at 11:38pm (cat), stood at a closing market figure of just a $271.4 per BCH coin and this is no way close to putting some smiles on our faces as the BCH continued staying below the green line and almost slumping down to zero on the red line.

The importance of the BCH we must all have at the back of our minds.

For sure, we know what the BTC stands for right? No doubt, it is the number coin which the world recognizes for the use of investment but our own BCH hasn't really attained to that level just but the BCH project is a guaranteed work in progress if you must know especially as it is but a much more younger coin compared to the BTC, yet, it offers some great amounts of hope given its performances at a very large and a high level of potentials it has gotten given its network changes and a host of a very powerful development team that has a far more reputation of being more unified by all standards when compared with those of the BTC's.

The above statistical improvement and evidences did show and prove that the BCH is indeed a worthy coin to place our hopes on but as those hoping to use it as an investment coin or perhaps for payments of bills or works done and the services as well.

Which should be invested in this period?

For all we know, the BCH transfer fees are by far much more cheaper and faster than that of the BTC, which makes it even more better and more realistic to depend upon especially as it saves you more time of a transfer delievered and more money to left in your wallet for other usage purposes.

The BCH transfer could cost around a $0.20 per transaction which is way below the $1 mark and much more cheaper to use given its relatively low price but that of the BTC is known to have costed around that $1 mark or even more in previois years when that figure increased up to some 25% cost price for every transaction made.

This is also an indication that the BCH is but a worthy coin to invest in given the huge size of its blockchain that is capable of handling many more transactions per second compared to the BTC's blockchain that can't do such but the danger here is that such huge blockchains may be compromised in terms of their security due to their huge size but alas, with the BCH, you are definetly in the right place and at the right time.

The rumours of the BTC's $100k mid 2022 price prediction.

The rumours have been very much rife in the air and as such being making the rounds even on our national dailies about the potential rise in the price of the BTC to a whooping $100k per dollar which according to the director of the Global Macro Jurrien, who estimated or predicted that the BTC price could reach to a maximum $100k as soon as the mid 2022, it all remains to be seen of it going by the current and disappointing crypto market situation where most situations and coins have fallen below the asking price with investors divided in their mindset over which crypto is worthy of an investment and which is not.

Never you ever give in to such fear regardless of what predictions are going by the way of the BTC but try as much as you can to see to an adoption of the BCH as your number coin due to its statistically proven effectiveness in transaction performances per second as much as in cheaper blockchain transaction prices which is even enough to enable its mass adoption as a means of making payments and carrying out some investment purposes as well.

The simple truth we must all tell ourselves

Every thing done within the confinement of the crypto world are all based on future predictions which of course will lead towards the ways of an investment but i tell you today to duly come off that as prediction alone cannot just do the job alone, but rather the present seen things as the current price placements would do. How you may ask?

Taking a simple look at the very reddish crypto market according to the statistics of the coingecko, we will all understand that prices are currently down and that all coins have been heavily affected have they not? If yes is your answer, then, i'd rather advice that instead of yielding in to that much maligned pressure of a huge future price prediction, would it not rather be better if we gun in and adopt those cryptos we know we have a great amount of a comparative advantage in with regard to cheaper prices per coin, effectiveness of a unified design team and the many transactions per second it can do coupled with its relative cheapness in undertaking such trasactions as our now and future cryptos for making payments and for investment purposes?

The choice I believe remains yours

Image credit: unsplash.com

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Written by   82
1 year ago
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Comments

The market is misbehaving lol! But it might be giving us a chance to accumulate more of which we believe in :)

$ 0.00
1 year ago

It goes up it goes down it goes up. Do your own research is what everyone should do. I like BCH and keep adding 😁

$ 0.00
1 year ago

I really prayed that BCH will go to the moon. Since last year the. The crypto was so horrible..

$ 0.00
1 year ago

Crypto market is unexpected and we can’t say anything about it. Btw, I think you should go with a BCH as compared to BTC because as you know BCH price is so low so this is the best to to buy it and in other case still BTC price is very up so it will give you less profit.

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1 year ago