BCH Again Going Down but Why?

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Avatar for akagaminoDneloy
2 years ago
Topics: BCH, Cryptocurrency

Price All tokens are slowly going down. Because the price of BCH is slowly decreasing which is why the price of each token is slowly decreasing. I hope you understand how much Bch price varies. Honestly, I don't show much interest in BCH. Because I know there is no way to increase the price of BCH so I will suggest you to sell as much as you can if the price of BCH increases.

I bought a camera by selling One BCH three days ago because I know that the price of BCH has come down from that first. Even so, buying one is really so callous, significant and notorious too.Honestly, the adoption worldwide has not increased as much as other tokens. Yet yes, I will not tell BCH that it is a waste token or a token with rubbish.

Dogecoin price is constantly rising and slowly increasing.

The reason is that as far as we can guess -

China banned cryptocurrency -

We all know that India has the largest number of cryptocurrency holders. But then the country that called the BCH currency was China. China banned the cryptocurrency last year or earlier this year, causing a huge landslide to those who held the cryptocurrency. Cryptocurrency will rise frequently at a time when the price will drop. This is normal. But when you see that BCH is stuck at a stable price, you can imagine that the future of this token is not very good. With this big ban on China, the whole world started fighting. As far as I can remember, the price of BCH has dropped from around 700$ to about 300$ since then. The last time we saw BCH was around two hundred and fifty dollars which was the lowest price I had ever seen.

Just imagine how bad the economic situation of the whole country would be if only one country loved cryptocurrency.

The biggest thing is that there is a lot of adoption. While their addiction has gradually declined, so has the price of cryptocurrencies around the world. Which none of us were ready to see. Who doesn't want to increase the price of BCS. I myself do not know why China banned BTC .

  • Sri Lanka inflation - bank run

Bank run is a system where there is no money in the bank. The situation in the country will get worse due to lack of money in the banks. The price of 1 kg of rice in this country is 500 rupees. Which is currently 50 rupees in our country. At present they have to spend 100 rupees for a cup of tea but in our country there is only 5 rupees for a cup of tea.

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So when money is in that country then they start withdrawing all the money in the bank account of that country and when they start withdrawing and there is no amount of money in the bank then we call it bank run. The situation in Venezuela and Zimbabwe was so bad. Then they gradually refined and enhanced their economic and social aspects and then the condition of the country started getting better again.

The cryptocurrency situation is similar to that of China. All those who had cryptocurrencies in the country gradually began to sell cryptocurrencies, and the effect was felt by those who held them in other countries.

So you understand that cryptocurrency has a relationship with the economic downturn of other countries. So if you understand the political and economic situation of another country, it means you will find a lot of errors in your cryptocurrency control.

So I would suggest you to think about selling all the cryptocurrencies you have slowly. Because a lot has been known about the future of cryptocurrency. It may be that cryptocurrencies will slowly rise around the world. So if you like today's article so far, then you must support me. I'm going through a traumatic day because I can't write articles anymore. I will try to write more and more articles soon. Until then, all of you stay well, stay healthy and take care of yourself.

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Avatar for akagaminoDneloy
2 years ago
Topics: BCH, Cryptocurrency

Comments

You gave a good analysis but let's hope the crypto currency world Jacks up again, especially our BCH

$ 0.01
2 years ago

Really love this beauty of BCH. Where a country share market or stock market event associated with BCH

$ 0.00
2 years ago

Now I know why BCH is dumping right now. I'm worried it would dump more this days. I hope not. Still hodlling though.

$ 0.01
2 years ago

Holding holding and holding.. Eventually BCH price will rise when BCH had cost up

$ 0.00
2 years ago

Hmmmm now worried but still okay, it will be back to normal soon

$ 0.00
2 years ago

It has no symptom for uprising again. BCH will go down again

$ 0.00
2 years ago

benefit from the dip ..no worry darling

$ 0.00
2 years ago

No need to worry. It's an opportunity to accumulate more 😁

$ 0.02
2 years ago

Yeah that's right.. Dip BCH price means more opportunity to gain more

$ 0.00
2 years ago