2021: A Positive Conclusion for Bitcoin Cash

This is the year Bitcoin Cash was established as the Bitcoin that achieved many accomplishments and increased its prestige.

Bitcoin Cash is the most closest fork of Bitcoin to what the whitepaper explains and has payment network increasing in adoption by the merchant world.

This was the 4th year Bitcoin Cash is running and it begins to attract some major investors all over the world. The price, though, didn't follow the rest of crypto, and this is why some crucial investors did not add more to their position.

The smartBCH side-chain was also released this year. It is a modern and powerful engine that enables EVM compatible smart contract capabilities while running on top of the Bitcoin Cash main blockchain.

The mini bear market left its scar on Bitcoin Cash, which, was supposed to recover after the May 2021 crash, yet, it didn't. Price year to day had an ATH of $1700 and went lower than $400, even today battling to stay above this level of support.

There is a difference in Bitcoin Cash with the tired investors of almost everything else. Bitcoin Cash is giving us hope, with both the main chain increasing in merchant adoption, network effect, and user numbers, and the sidechain smartBCH becoming a secret weapon ready to unleash and devastate the pretendeous decentralized sidechains.

Why We Are Doing Both? Because It Is The Correct Approach

I watched a video a couple of days ago, by a respected marketer of Bitcoin Cash, it wasn't new but from months ago. This person that I discussed in my previous post, was already divisive and asking to focus only on the payments part of bitcoin cash (merchant adoption) and calling it an unacceptable strategy to create and support something new, implying smartBCH should not be supported in favor of the currency features.

He didn't even accept the argument of boosting both fronts and as a result he brought a video being sarcastic and left a bad impression to anyone that watched it.

Well, nobody wants leaders mocking the members of any community and behaving irresponsibly and ignorant. I've explained my thesis in the previous article, yesterday, and perhaps this guy read some lines from one book claiming the perfect strategy is to keep boosting the competitive advantage, yet, he obviously missed about 99% of what business strategy suggests.

This is a second front for Bitcoin Cash, although one that is still at a state of wait and see by investors. IMO it only takes one big whale to select smartBCH and invest part of their ETH investments, then a domino effect begins.

Any respectable network should be looking into all options and proceed with better odds. smartBCH is not even a change in Bitcoin Cash, this is a second layer, one that is created with certain devs and backed by a well respected billionaire, Jihan Wu.

SmartBCH is the best that could happen to Bitcoin Cash and will start having effect about one year after its launch. The expectations are not unbearable, so the developers can test and keep their work with confidence. Investors are patient and perhaps the new move to remove coins from the exchanges and send to smartBCH will help the network achieve more in the near term.

Finally

I don't think some understand their place. This is not to take strategic decisions, this is based on certain governance and not to just two individuals that think they acquired power.

Both the Bitcoin Cash as a payments network, and smartBCH as a sidechains for DeFi and NFTs can achieve success. Try and tell that to the thousands that are now using DeFi in smartBCH.

I wrote it previously, there are no contracts, at least this is as I see it. If one side is displeased by what is offered, then there is an available alternative. The door is open, and nobody is holding or accusing anyone if they felt the pain of price dropping from $1500 to $300 as they never held the Bitcoin Cash they received.

The best strategy in an uncertain environment is to use and boost all tools at our disposal. SmartBCH is an advanced network, it is a weapon for Bitcoin Cash in the coming dark days that will befall crypto once Pandora's box opens and the MtGox ghost from the past re-appears.

2021, was not a bad year for Bitcoin Cash, but it could have been a lot better. As an investor that struggled to understand Bitcoin Cash in just a few months, I felt there are forces that drag the price down. The best strategy I always advice is to dca and plan your purchases in weekly or monthly steps. Accumulation mode is on for BCH and the more we become the faster we grow. I don't want anyone to leave but I don't want to see any divide either. It is better to protect this and stop being the "old man yells at Bitcoin" meme. With unity we can achieve great things.