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Here's why Bitcoin Cash is so important

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Written by   825
3 months ago

Bitcoin Cash is important to man in many ways, whether making daily payments or even using it as a long-term investment.

...people all over the world use the currency, especially in third world countries where its adoption is constantly evolving and growing largely due to factors such as widespread inflation of fiat currencies or the need to address the problems caused by poverty due to unemployment and social marginalization.

Whereas before the use of Bitcoin Cash was just a light at the very end of the tunnel, today it has practical use in man's life. With currency people can pay for basic items for their survival as well as to keep their money valuable, as the currency never loses value to inflation.

But why Bitcoin Cash is so important in man's life?!

Next, I will demonstrate why Bitcoin Cash has an infinite importance for the human being and why it should adopt and embrace the currency for its use in real life or even as a form of long-term investment.

Bitcoin Cash Protects Bank and Government from 'stealing' Your Money

I'm sure many here have a bank account or had one and have already realized that nothing at the Bank is free, that is, everything that goes through the bank must be paid for. No matter how much you have there with them, the only certainty the customer has is that that amount will never leave the bank. They charge for every move, balance lookup, transfers and more.

These institutions have a direct connection with the state and have the obligation to disclose how much the client has with the government when it requests this information, robbing the citizen's freedom, in order to collect fees stipulated by them. What the state requires banks have to provide and they do not respect the basic principles of customer freedom and privacy.

Many banks share information with each other, and in my country for example, a law will come into force that will assign a single bank account number to all banks, this, according to what they say will facilitate strict control and control who has problematic bills 'in order to be billed' and in case it needs to be taken to the court's bar for the return of the amount, be it a loan designed or even payments for account maintenance and other services provided by banks.

Therefore, there is a clear invasion of privacy and arbitrary control exercised by the state in partnership with financial institutions.

With Bitcoin Cash this no longer happens, if the individual stores the value in their wallet there is no way for banks to have access to it and the state can never demand the declaration of how much the individual has saved there or even abuse authoritarianism and invade your privacy. With the blockchain they can even know how much the wallet has, but without authorization from the owner of the wallet, they will never be able to access the value contained in it.

With Bitcoin Cash you're your own Bank

If with banks the man is 'renting' a bank account to be able to move his money, with Bitcoin Cash this does not happen.

The individual who has Bitcoin Cash in his possession is the one who directly controls his money anywhere in the world at any time of day, 24 hours a day, 7 days a week. There are no account maintenance fees or even penalties provided for an encrypted Bitcoin Cash wallet. The individual holder of Bitcoin Cash must pay only when he needs to move its value or make some kind of payment.

Man is the owner and master of his value without external interference from third parties and without interference from the state, with Bitcoin Cash your money is really yours and you don't need to be accountable to anyone, only the individual can have direct access to Bitcoin Cash that he has in his wallet.

Bitcoin Cash Protects Against Inflation

There is nothing more frustrating than having the value saved in the Bank and suddenly realizing that it has lost value due to inflation, that is, the same money that had the purchasing power yesterday can no longer buy or pay for the same products and services today!

Fiat money is susceptible to widespread inflation since there is no set amount of paper money issuance, the government could at any time create more money claiming reasons that only they can justify, creating an injection of market value above expectations sometimes causing hyperinflation. This compulsory injection of money into the market while the economy does not follow or justify its issuance, creates instability in the market because it is not proportional to the goods and services that society can offer.

The individual is left with a lot of money in his pocket, but it is useless, since he has a lot of money available, but no places were created where it can be spent. 'you can't make money without the economy going well it causes serious problems causing the money to lose value'.

This is no longer the case with Bitcoin Cash as the currency is anti-inflationary and has a maximum supply of 21 million and over time its issuance to the market decreases with 'halvening' causing it to become more and more scarce increased demand and rising in value. It protects the individual's money and is a good long-term investment option.

Bitcoin Cash Has No Borders

In times past, in order to be able to send or receive money from abroad or even nationally, it was necessary for a bank or even a company in the money remittance business to be able to mediate. This intermediation was costly and time-consuming.

Companies charge a lot of money and the individual still takes time to send or receive the value, not to mention that it is necessary to have an identification document for the entire process to be carried out.

Nowadays what took days to happen is done in just a few minutes using Bitcoin Cash. That's right, with Bitcoin Cash everyone who intends to send value, be it national or international, do it quickly, dynamically and securely, as if to say in the blink of an eye.

Individual A sends money to individual B in a matter of minutes and he receives the amount instantly with fast confirmation and paying extremely low fees, which is not the case with banks and remittance companies like Money Gram or Western Union that practically split the remittance money with the customer. This transfer can be made anywhere in the world as Bitcoin Cash has no borders.

Using Bitcoin Cash is the best solution for sending money quickly.

Bitcoin Cash works for people

While traditional payment and capital storage systems simply exist to 'steal' the citizen's money, the same doesn't happen with Bitcoin Cash, which works exactly for people's aspirations.

In a world where the use of digital means as payment systems, Bitcoin Cash stands out a lot since it has properties and fundamentals designed to welcome man as its greatest beneficiary. The currency is completely decentralized (works without third party interference and cannot be controlled by the state) has very low movement fees and very fast and secure transactions.

Man can use Bitcoin Cash to make daily peer-to-peer payments or even leave it in his wallet as a source of guaranteed return for years. Bitcoin Cash is money and as it should be used when necessary, but otherwise it can be left and earn returns with insured time.

Merchants all over the world accept Bitcoin Cash, it can be used as a way to pay for a soda, buy recharges, pay water or electricity bills and even internet subscription services, all without having to exchange the decentralized digital money for physical currency such as dollar.

Bitcoin Cash works in real life and this only increases its worldwide adoption.

Final considerations

In the article we can see how important the use of Bitcoin Cash is both as a means of payment or as a long-term investment and also, in which more Bitcoin Cash is needed.

The currency is of a financial nature necessary for man to be protected both from banks and from the state itself, which only struggle to get the most out of the common citizen, charging extremely high fees and where the individual can have their account frozen at any time. or even banned without any prior notice.

Using Bitcoin Cash is the best solution to protect yourself from inflation as your issue has an established maximum supply so that it never loses market value.

And finally, note that the currency can be used all over the world, at any time of the day and it works for men to make payments for things they really need without having to exchange it for fiat currency, there are merchants willing to accept the currency in exchange for your products and services.

Bitcoin Cash works and this is important for its adoption and over time it will only increase. Bitcoin Cash fixes everyday problems.

Find me on noise.cash

alberdioni8406

...'Read also 05 of my other Articles about BCH😎:

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Written by   825
3 months ago
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Comments

Even though I'm new to this space and new to bitcoin cash, i have been loving it and feeling freedom ever since. Thanks for shedding more light, I'm just going to check out your other articles

$ 0.05
3 months ago

Welcome to read.cash and I hope you stay long here, learn the basics post some articles and be amazed with the generosity of the BCH community

$ 0.00
3 months ago

Thank you for important information.

$ 0.00
3 months ago

Hello, my friend,

As we are used to, you have posted an article without waste to educate and make people aware of the importance of real Bitcoin.

Thank you for your persistent work.

$ 0.05
3 months ago

Thank you my friend for your comment, this is something that give me power to continue my journey to educate persistently 🙏

$ 0.00
3 months ago

Good day sir. Well said by you and so much detailed. I would say the world going digital had a been a great thing we experienced in this present era. Imagine if there is no Bitcoin cash and other digital currency put in place, the rate of extortion by those centralized exchange would have become unbearable and discouraging. But with the aid of the Bitcoin cash like you have analyzed above it paved way for individual to access their asset without stress. Thanks you so much for the great article Have a nice day sir

$ 0.06
3 months ago

Thanks for passing by, you also have a good day😎

$ 0.00
3 months ago

My pleasure sir

$ 0.00
3 months ago

That's why now, I consider Bitcoin Cash for it doesn't have any chargers as you said. Unlike from those banks, for example the bank I have right now, they do have a lot of deductions without notice. It was frustrating.

$ 0.05
3 months ago

I believe that banks have a lot of mistakes and those ones cost money for the client. I prefer to stick with Bitcoin Cash and exchange it when really need it

$ 0.00
3 months ago

True! And the transaction payments are high as well. That's why now, I'm trying to have Bitcoin Cash. I haven't tried exchanging it but I'm sure it will be a smooth transaction.

$ 0.00
3 months ago

Just continue your great work and if you wanna exchange the process will be easy and smooth

$ 0.00
3 months ago

Yes yes! Thanks friend have a good day. ☺️

$ 0.00
3 months ago