Next billion people will look for Utility in crypto & Bitcoin Cash is on the right track

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Avatar for alberdioni8406
2 years ago

I particularly think that Bitcoin Cash is on the right track, of course the price is very low right now (which is a good entrance point for the ones who believe in the currency) & purchasing power has decreased, but a lot has developed in the Bitcoin Cash ecosystem. If can be remembered, Bitcoin Cash started with a price of more than 3 thousand dollars per unit in 2017 and in that period it was just a currency that was emerging from the shadows of Bitcoin Core.

Over time, its real purpose gained ground and the network began to gain utility in the real world where merchants, vendors and corporations began to use it either to accept payment or simply to send money remittances to places that used to take a long time for the money to arrive as it largely depended on centralized entities to make the value reach the recipient. In the same period, the institutions that were in charge of making the remittance practically shared the value with the customer and the receiver ended up receiving little in relation to what was sent to him, but with the innovation and use of Bitcoin Cash to make remittances, for example, the the wait is reduced, the amount of money arrives on the same day almost instantly, and the fees are practically non-existent.

This to say what; Bitcoin Cash since its fork of Bitcoin Core it has evolved a lot! In 2017 Bitcoin Cash was simply a currency created with the purpose of continuing the peer-to-peer electronic cash sense for which Bitcoin was created and giving people what Bitcoin Core could no longer such as transaction speed, micro fees, possibility of use in commerce as Bitcoin Cash can be used immediately after it is received while confirming on the network, but in addition to that, the currency started to have real use in people's lives!

The real use of Bitcoin Cash is verified, for example, when someone wants to use the currency to make payments for immediate use products at a convenience store (oil, sugar, rice, hygiene products, etc.) paying for a service provided by a company (paying for a television subscription, a hotel stay and others) that accepts the currency increasing the ability to diversify the means of payment for the individual who chooses to use the currency on a daily basis.

The Next Billion People Going into Crypto Will Look for Use

The traditional world is increasingly unfair and inflation stealing the little people can keep of their money drastically reducing their purchasing power. The world of cryptocurrencies is now seen by many as an escape from the personalized use of money that in the traditional world is losing value.

The wave of new entries in the crypto space is looking for an alternative to the traditional medium of exchange, but also seeks to use cryptocurrencies that have real use in the online and offline world, to facilitate payments and circumvent the barrier of the centralized medium as well as having a currency that serves consumers immediate interests such as paying for, let's say, a cup of coffee or even a beer using the currency.

Bitcoin Cash has this property and more! Merchants are increasingly accepting the currency in exchange for the products they sell and also as a way of safeguarding the gains they can acquire from the inflation that fiat money entails. So for newbies who are entering the crypto space they will find an anchor in Bitcoin Cash and the coming times could be of great importance!

Bitcoin Cash

In the beginning the currency was just a fork that continued with Satoshi Nakamoto's dream which, in addition to many other things, included a peer-to-peer payment system where doesn't need the intermediation of a trusted entity to make transactions, today, currency assumed an even more important role.

It is possible, for example, to verify that since its insertion in space there has been a lot of development in the ecosystem. Coin has more privacy using Cashfusion services , it is possible to use Smart DEFI with SmartBCH service , creation of non-fugible tokens using SLP (Simple ledger protocol) and much more.

Bitcoin Cash still has a lot to give and I believe it is the best time to raise more and lock it in a wallet for another 5 or 10 years, the purpose being to pay those who know how to wait. There is a lot of talk about Bitcoin Cash and many voices not in the positive sense, but I particularly believe that it remains the best form of money and also a long-term reserve & the wait will be rewarded in the end.

Conclusion,

To conclude, remind community members that hard times are rewarded for those who are truly patient, those who know how to wait will be rewarded in the future. Another thing is the utility that backs up Bitcoin Cash, it will be one of the weapons that will put the currency on a different level from other currencies.

The new members of the crypto space are looking for coins that they can use in the real world to acquire essential consumer goods for human existence and also a viable money reserve where Bitcoin Cash fits perfectly into their choice.

Remember, the steadfast will be the winners and rewarded for waiting while the lazy and quitters will get nothing for neglecting to squander their coins in a vile and irresponsible way.

Also see my Flipstarter campaign to finish my home built using Bitcoin Cash at this link below:

https://bafybeigd5ktmlgpm3puqk3ieyhi4sxmf5tiyqv2onipwsoxi7u6iepfavi.ipfs.flipstarter.me/#/

Find me on Twitter , Telegram and noise.cash .

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2 years ago

Comments

Every day I keep believing in the use case of Bitcoin Cash and now that it is spreading rapidly across the world, I feel certain that It will one day be the currency of the world.

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2 years ago

Our patience is being tested in times of winter like this, some people are afraid to lose their assets that's why they ended up selling it on low price, however the reality is, cryptoverse is on survival of the fittest, those who had strong belief in BCH had more chance to gain their rewards in future. I believe that BCH is the future, maybe once coinflex telling lies about Roger ver then it would bring great impact on BCH and people will believe on it.

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2 years ago

Bitcoincash is helping a lot of people. So we can expect millions people will come under the umbrella of BCH. We have to truly educate people about it and its fruits.

$ 0.00
2 years ago

BCH is the next generation coin that will serve billions in the future

$ 0.00
2 years ago