Bitcoin Cash dropped a lot, I don't count the percentage but it is more than 20% since the $700 signal that looked like a buying opportunity, but was only a fake out.
Now, we are on the opposite side. What are we expected to do? Sell the bottom?
I hold my Bitcoin Cash and increase it, sending more national currency money in cryptocurrency exchanges and buying Bitcoin Cash.
I used to do the opposite for some time, but as I see this today, we are once again in an accumulation phase. Maybe this is about to be over soon and Bitcoin Cash finally escape the trend and the exchanges manipulation after finally this market started pushing demand.
But the reason for Bitcoin Cash will succeed is only the properties it contains that help its users escape some very difficult circumstances that suddenly appear in economies.
Bitcoin Cash can reduce poverty and increase our well-being.
Because no matter how low Bitcoin goes it will not be as low as the fiat currencies getting destroyed and a second notion: Bitcoin Cash will always recover.
The gov currencies have no chance to recover.
The Turkish Economy In Trouble
I read the news lately about Turkey and it is looks like this economy is about to be over soon. It seems it is an endless pit for investors since the Turkish lira can collapse another 99%, easily.
It is in a pattern of slowly adjusting and this is also helping the populist authoritarian government to keep hanging on its position by blaming everybody else for this but its own actions.
As any other regime that has taken over control and hangs to its power, this government has banned cryptocurrency. It excludes about 80 million civilians from entering assets that could be the solution to the increased poverty and the day to day devastation of the businesses and the wages of the employees.
But crypto can bypass all restrictions. Even in China still major crypto users and investors are not affected by any ban.
This should be a wake up call to those supporting a government being responsible for their money. Invest in crypto no matter the government decisions that will make you suffer otherwise. We do not have masters that forbid us from investing in an asset that can help us personally.
The fellow Turkish people must abandon this way of thinking. If you want to survive, there is solution you can use Bitcoin Cash.
Prior to Turkey, this was Lebanon that had the same problems and still has. And next was Venezuela, Nigeria and some more countries from Africa and Asia.
Bitcoin Cash is fixing this, talk to your local merchants about it. It has a very low price today, that makes it appealing. Whatever happens with price of BCH, your currency is doing worse and will never recover.
The fiat currencies do not gain price. They only drop, and you will only need more.
Buy and use Bitcoin Cash instead, anything you make put it in Bitcoin Cash, form communities and talk with bussinessmen around you.
Why not accept a better currency than one that is about to hyperinflate and fail completely?
This is what gives self sovereignty. You don't have it when your currency is about to dive into worth nothing at all.
In Nigeria and many more countries it is the same. Don't expect your currency to worth the same, it will be a struggle every day from now on. You HAVE to change your ways and convince those that are worried and affected to exit this form of financial slavery and become free to choose what you want your money to be.
Finally
Stop looking at money in the terms of your local currency. This will soon be all over, so better start living in the future.
They tell you inflation is 5% in the Philippines. Is this so?
The products you buy, the consuming goods, the items you need, and the services you use are they only worth 5% higher than the previous year?
This inflation is for the people. This is a general but not a personalized inflation. And for the most of us, it affects us a lot more than what any government announces.
Is inflation in Nigeria just 16%? The friends from Nigeria can explain. Is bread, milk, sugar, coffee, eggs, clothes, and all, just cost 16% higher from last year or have the prices doubled already?
There is a way out of poverty. But not our government's way, this is our own volition to escape this dirty politics game and be owners of our cash.
Spread the word in your communities, those that are willing to listen will not abide to the destruction of their wealth, property and money.
(*All the images are under Creative Commons license, no citation required).
This is resourceful, truelly the Fiat money is becoming mor useless everyday. I hope every one be able to possess BCH or other coins before cryptos totally take over