How much time BCH will take to cross $1000?

Bitcoin Cash, everyone on this platform is aware of BCH. In fact, the first cryptocurrency we know is Bitcoin cash. From the mid of 2021, The global market is striding towards recession. If I told you guys about my portfolio you will also be surprised. I lost $200 for the duration of 1-year.

I listened from the expert traders that patience is the key and to hold on to your assets. Most probably they are right. Holding fruitful in the crypto market. Now the next question is how long should we hold a cryptocurrency. To answer this question I would like to Quote a statement from Warren Buffet:

"Holding period of cryptocurrency is a lifetime"

I agree with this statement, if you buy crypto and the market crashes. You lost 20% of value against the stable currency and the in the Panic situation, you sold out all the assets with a loss of 20%.

You should try to understand that crypto is a game of nerves, and how long you can hold a cryptocurrency. Also, there is a difference between holding and trading. If you are a trader you can take multiple trades a day with a proper risk-reward ratio. In case of holding. You should buy an asset and forget about it for almost 5 years to see an increase in its value.

In this case, don't open your wallet daily. when I have $50 in my Bitcoin.com wallet. I have a habit to watch it many times a day a few cents values increased or decreased. Ultimately I got stressed. So I started converting all of my assets into a stable currency. But if you are a holder forget about value. Just buy an asset and hold it for some years.

Now the question is when bch will cross $1000. The answer is simple, Bitcoin cash is not the only cryptocurrency that losses its value against the stable. The global market is in recession. Inflation increases day after day. When the global market will boom definitely the price of bch will pump up. This can take a few months to years. For now, the only solution is to hold for the long term.

Don't even sell your assets in the loss. Everyone knows bch will pump up again and this time we will see new ATH. Holding an asset in loss never be easy. But in case you do have not any option holding should be the priority. Rather losing money.

BCH has a proper use case for daily life transactions. Like you can send payments peer to peer using a Bitcoin.com wallet to buy goods and services. The major supportive reason for bch special place in the crypto world. Moreover, the transaction doesn't take much time, and the gas fee is also when we use bch for transactions in the Bitcoin.com wallet.

Lead image from Unsplash.com