Everyone has the right to give judgments to others.
You are a person who is free and free to express opinions in public. Everything you say is true from your version. Because subjective truth belongs to the person who says that what he is saying is true.
Vice versa, the public has the right to give an assessment of your opinion about something that you consider to be the truth. So that there is a difference about the value of truth, whether it is subjective truth or objective truth.
Likewise, when people give ratings to cryptos. That person is correct according to the knowledge on which the crypto is based.
A person who rejects bitcoin (BTC) is a person who has a strong rationale for giving a refusal. It is a subjective truth and comes from what he knows.
However, people who reject BTC don’t necessarily reject all types of cryptos that exist. Maybe they rejected BTC. However, it is possible that they support other cryptos. Because rejecting one thing cannot generalize rejecting all of them.
There is a friend I know who rejects all kinds of crypto. The reason is speculation and it is difficult to guess the market. He prefers stocks. It is an opinion that can be justified according to what he believes about investing.
On the other hand, people who support crypto, especially bitcoin cash are the ones who are correct according to their knowledge. Adoption is an obvious form of support for bitcoin cash. Big or small, every endorsement has a value from the truth at hand.
The article I wrote earlier quoted the views of my seniors. My elder brother said that rejecting technology is a futile act. Because blockchain and cryptocurrency have been adopted by many people.
My seniors even have a lot of assets in crypto. He shared that he bought crypto and kept it without selling it. For a long time. He keeps for 6 months to 1 year. The price he bought was something he had to pay. But the value of the crypto he owns is greater today with the potential for a greater profit than the profits that shares give us.
The views of my seniors are also right. Because he owned the shares for a long time. He bought a number of shares. The profits from stock trading are then used as a tool to buy crypto. He never hesitated to buy and store crypto.
My seniors do have the ability to buy large quantities. For one type of crypto, he buys around $ 1000. Then he saved without paying attention to the speculation of the system on the market from crypto.
How about my view. I don’t really understand how to add assets other than what I receive in read.cash, but I’m happy with the activity here. With full confidence, my seniors say that the way to increase profits is by doing the following:
When you buy crypto for a case that will be launched and receive more value when the crypto has been marketed to the public.
Profits from one type of crypto are diverted to buy other cryptos. So that he never loses but always makes a profit with the increase in assets in his wallet.
Example:
He bought Bitcoin Cash for $ 2000. When the value of bitcoin cash increases. The difference in profit is used to buy other types. So that he does not lose capital and his assets are always increasing.
Simple math.
When he had bitcoin cash at the time the price was $ 800. Then when the value of bitcoin cash reaches $ 1000. So, the $ 200 difference was used to buy other coins. So that $ 800 will still be there and has the potential to increase.
My seniors explained that saving in crypto is better or 100 times better than saving in a bank. So, he continues to add assets in crypto. Each month, he buys and continues to add value to each asset.
But my seniors refuse to support btc or etherium. Because there is gas that will waste the potential to receive a profit from the transaction. He’s better off buying crypto which is very cheap and saves instead of saving money in the bank.
Final Thoughts
In addition to supporting bitcoin cash, we must add assets that are still low in value or at low prices. That’s a savings. Because when you want to buy something, you definitely try to learn about it so you don’t lose.
Now, I’m not suggesting whether I’m right or not. You are free to choose according to what you believe.
However, in my case, I have already prepared a plan for saving in Bitcoin Cash and other types. In particular, cryptos are still cheap. Because it’s better than saving in a bank.
Are we receiving benefits? All types of investment come with risks. So we must be able to hold and add assets. Because for the next few years, crypto will be waiting to replace FIAT.
I am planning to do some crypto savings too. Some said that it is better to save in a hardware wallet and some just put it in an exchange platform or a wallet application from the Google play store. Which wallet do you think is the better one?