There are many people who think and hope that BTC will (soon) cost $100000. I think that will never happen. I think we are in a bear market. I have been writing this for months. Bear markets usually last several years, but this time it may be shorter. It will depend, in my view, on how quickly BTC loses the first place in the CMC. All the advanced blockchains that enable DeFi will gradually overtake BTC in the CMC. The market capitalisation will rise again, but not that of BTC. The money will flow into DeFi blockchain projects. Why will this happen? For one simple reason. With DeFi, you can make profits quite easily and without much risk. Regardless of whether there is a bull market or a bear market. And they are higher profits than with the hodln. I experience it myself since I tried SmartBCH and learned DeFi. Very many people have not understood it yet and keep hodln BTC, but I am sure that with time more and more people will realize it and drop BTC. Some people try BTC trading. With this you can make profits even in the bear market, but you have to have some knowledge and it is risky. DeFi is much easier and much less risky. Very many people have not yet learned that Bitcoin Cash allows DeFi. Most of them only know about Ethereum. But Ethereum is very expensive and not suitable for the masses. It is only for the rich. Bitcoin Cash is for everyone and the news that SmartBCH can make profits even in the bear market will gradually spread. Unlike Ethereum DeFi, you can try SmartBCH with just a few dollars. Trying it out is better than any marketing video. That's why I'm very optimistic that the Bitcoin Cash price will eventually overtake the BTC price. I just don't know when. #BTC #Bitcoin #BitcoinCash #BCH #SmartBCH #DeFi
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3 comments
The Defi stuff built on Terra is also quite interesting. Tbh. right now Terra and SmartBCH is what has me most excited.
Terra is definitely very interesting. The enormous price increases of LUNA are already behind us, the price increase of BCH is still ahead of us. 😄
Yes, that is true.