When Bitcoin Cash Wakes Up...

What a letdown today, we were ready to see Bitcoin Cash climbing up the rankings and reaching the place it deserves, only to find this was just some morons hacking or having a fraudulent activity and announcing the acceptance of Bitcoin Cash by Kroger.

Price on this fake announcement spiked and Bitcoin cash was looking to be once again a force to be reconned as it once was, but this was only an elaborate scam, a method by some speculators to attract buyers and sell on a price just 10% higher.

Either that, or some group of people dedicated to creating negative attention on Bitcoin Cash.

But there is one thing to be optimistic about. When there are good news, there is extreme demand for Bitcoin Cash.

There are positives from this

Nevertheless, what happened is only a sign of what is about to happen when Bitcoin Cash meets acceptance as a currency by a major commercial business with multiple stores all over one country.

I take two important signs out of this:

I) There is enormous potential for the price of Bitcoin Cash

II) The crypto community just noticed Bitcoin Cash again after years

III) The fake news may be followed by real adoption

IV) There is DIFFERENCE from adoption with 3rd parties involved, and directly adoption Bitcoin Cash P2P with no other third party involved.

For the consumer and the business it is best to adopt it directly, as P2P electronic CASH and wallets beyond the reach of any trusted third party.

For governments or the banks, it is the Bitcoin - BTC approach that works, everyone using custodial wallets is

V) This chart of Bitcoin Cash is the current bullish channel.

(From: tradingview)

An accelerated bullish trend is possible and until December BCH has the ability to reach at $1,000. And it will be a good start.

Finally

One lesson we learned today, and this is that Bitcoin Cash focus must be on retail adoption. Acceptance of Bitcoin Cash as cash is the focus all this time and the second layers are secondary. Smart Contracts are important and SmartBCH may take a while before it begins having some decent bridges with other blockchains, and even then we can't be sure success is guaranteed.

Although, this movement for Bitcoin Cash today, explains perfectly where we must succeed. The more retail businesses adopt Bitcoin Cash it will be the better for its price and the best publicity this coin can have.

But, an important detail, focus on P2P adoption. Something no other cryptocurrency has succeeded in yet, but only focuses on centralized third party operators, that control the funds.

Bitcoin Cash with P2P transactions is the vehicle to freedom of controlling our funds. Avoid third party adoption, and success is guaranteed.