Utility Is the Super Power Of Bitcoin Cash, Just Hold It to The Future

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Avatar for alli2021
2 years ago

It may just look like a sloppy title or anything like that but Bitcoin Cash has real life utility and that makes a big difference in the crypto world.

While many coins have no use and can rarely be used as Cash, Bitcoin Cash has that and more. While Cash Bitcoin Cash can buy what people want and is useful for them on a daily basis, they can pay bills or pay for goods and services in real time and not pay additional fees for it. If coffee costs $1 that is exactly what the consumer will pay.

The long-term usefulness of Bitcoin Cash is its great super strength.

Particularly I have been following the Bitcoin Cash market for a while and I can say that the currency is growing according to its own path and time, Bitcoin Cash is much more stable than many currencies in the decentralized world.

While other coins are overvalued and sincerely of no use in the real world, this is a fact, Bitcoin Cash goes up in value in its own way and year after year it holds its own path. For those who notice the stability of the price of each Bitcoin Cash unit two years ago, they could very well see that since then it has been gaining stability.

Stability means a lot to real-world usefulness as only then can merchants truly accept the currency and gradually gain a more representative adoption in the world. The fact that Bitcoin Cash has real life use is what makes believing in it make more sense in the short, medium and long term different from other currencies.

Here we have to realize two points of utility in the real world, while other currencies have some utility, it is only possible by making a direct exchange between them and the fiat money to be able to use in the world, that is, to be able for example, to efficiently use some of these cryptocurrencies first you have to use an exchange swap for Fiat money and use it in the real world. Bitcoin Cash no longer needs this as it could very well be used to purchase products directly without having to exchange in Fiat money because merchants accept it as it is, and yet both the consumer and the merchant pay no additional fees in this exchange.

The true meaning of the peer-to-peer electronic cash payment system works with Bitcoin Cash but not with other currencies, as they have the meaning of decentralized digital money with low fees and the necessary speed for it to be adopted on a global scale.

It may not seem like it, but we often see Bitcoin Cash being overlooked in the crypto market not just for being a Bitcoin Core (BTC) fork but for being what is the reason for the creation of all cryptocurrencies in the world, a digital money that could compete directly with the fiat money existing in the world and beyond, have an issuance that does not need any bank or government to ensure that it is issued thus allowing everyone to participate in the decentralized economy and be their own bank.

To conclude,

Cryptocurrencies that are useful in the real world, like being able to do what it's already done with fiat money with them, will have a big impact in the future. They will have a wider adoption as their holders know that at any time they can use them to pay checking bills, book a hotel, buy a coffee, send money to friends and family, all without paying additional costs.

These speculative currencies, in my view, will only serve as those that will load those that are useful in the world and also on exchanges as a trading currency and Investment. Many of them cannot be of practical use in daily life and for those who want to use them daily will pay a very high price, only in fees you will be paying what, for example, in Bitcoin Cash you could be paying for a meal.

Bitcoin Cash has practical utility that no one can doubt and in the long term it will be a great asset to the currency. There is no reason to worry about price speculations as Bitcoin Cash is gradually assuring its growth and whoever has the patience to hold the currency can reap the rewards in the future.

Long term holders will succeed as Bitcoin Cash is a currency to bet on and the ones with strong hands to hold will have a bright future using it as means of exchange for direct products in a world where merchants are willing to accept it for their services or pay for services.


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2 years ago

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