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Is it time to Quit or TIME TO BUY more Bitcoin Cash?

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Avatar for annayks
Written by   311
1 month ago

A big cash out was initiated again and as prices dive, we should stick to the plan.

We got a few billionaires and in this market that make the most money, cashing out in banks and we have them up front there at Twitter and reading how everyone loves them.

CZ Binance, SBF, the Kraken and Coinbase guys are those mostly responsible for the crash of the market.

They gave noone a chance this time, and skipped selectively some of the good cryptocurrencies and projects that should have achieved better than that.

Not worried about the BTC maximalists and the brainwashed puppets following Saylor in their financial destruction. They can keep hodl their BTC into the abyss, and one day years later think about how foolishly they were acting.

Buying Bitcoin Cash At Despair

The charts give me no choice but to begin increasing my holdings in Bitcoin Cash.

BTC is in capitulation and the final dip will be despair, sending those that believed the lies of the BTC maximalists to a worse financial condition before they invested.

Bitcoin Cash, is at despair already. What else can happen? Price to drop where?

If $115 is not the bottom but BCH keeps tracking BTC then the bottom is $50? Who cares, the loss is already 90% from the ATH last year. I'm willing to keep risking and investing into what has potential instead of being a naive investor misunderstanging financial concepts.

BTC after the Blockstream hijack during the block size debate, executed its master plan. In 2017 should have been retail adoption and expansion but it failed and everyone abandoned a slow and expensive network having no chance to compete against Visa or Paypal.

The seeds of a new narrative were spreading by the maximalists as they discovered there was nobody left to buy into a slow and expensive to use blockchain network.

BTC devolved into just a store of value with limited payment capabilities and the promise of a 2nd layer that would miraculously fix the issues of the main layer. In 2021 the BTC marketing succeeded in part, since some institutions bought this narrative, bought Bitcoin - BTC for this purpose, store of value.

The narrative succeeded indeed at least for a while, since at $ 20,000 we watch how easily and drastically the narratives change and the sentiment of all those supporting Saylor are now against him.

Buy The Bottom

In two years everyone will be calling you an early adopter or a lucky one that bought Bitcoin Cash at $ 100.

Maybe you don't remember it, but this was exactly the same in 2021, only one year ago, when everyone was buying Bitcoin Cash at $ 1,000. Buy when there is blood in the street. You will not find any better time or price.

All those with money waiting at the side for an opportunity to enter, this is the entry level. Prices can't go far lower than that. There is no $10 Bitcoin Cash, since everyone will be selling assets like cars and homes to buy into BCH.

Don't be greedy when the floor is right in front of your eyes, a great entry to make, the best odds are there, and the best reward is waiting for you.

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Avatar for annayks
Written by   311
1 month ago
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Comments

Exactly it is time to invest more. I love to buy from dump and when it is BCH then I can't stop my buy button.

$ 0.00
1 month ago

We are now in Despair and Blow Off Phase? Mmm, it's comforting to know that it will not go down to 10$ below.

If this is the path of BCH, may it be and let it grow.

$ 0.00
1 month ago

Yes, this is where it is, the price drop will end soon.

$ 0.01
1 month ago

We wonder when? Lol. Will it be around July or August or beyond?

$ 0.00
1 month ago