BCH Is A Scam

BCH IS A SCAM

   Why BCH might recover this January

There is every tendency that BCH is going to recover greatly this January and towards February. This is because it has been observed that whenever there is an increase in the price of BCH, majority of the BCH holders tend to sell to regain their profits. They will never mind the future but tend to find now to buy more later when it drops. For the last three months, BCH has suffered a great decrease in price and so, many investors have run to buy more in stock waiting for the time to be bullish. The fact remains that when you HODL any crypto such as crypto us on circulation,the price will drop drastically.

Nowadays,there are young crypto currencies which have little liquidity and are less expensive. These cryptos are having airdrops waiting for investors to get hold of them and then become huge in price on the long run.

So,the only thing that kept on affecting BCH is the spirit of HODLING/Selling.On August 1st 2017,BCH started it's trading at about $240 and BTC was $2700. In August 2018, BCH was on point but rose to $519.12.

HOW WAS BCH SEEN

BCH was formally called B cash or a scam by the BCH detractors. This means, the detractors means someone  who criticizes something or someone. BCH was not linked by many investors and so tended to criticize the use of BCH and called it a scam token. According to some gurus, since BCH was carved out of BTC, people may be thinking BCH is the same as BTC whereas an affiliate. So, many saw it to be a scam by calling it BTC.

Now, it pulls a crowd of people. This means that many users got to know BCH to the fullest.

Bryan Kelly mentioned BCH as a software upgrade but then many crypto came up to counter this statement that since everyone does not agree to this upgrade, then it is not an upgrade.

Samson Mow came up to call BCH as a source of animosity. This means to him, people have a strong dislike or have unfriendly feelings towards the use of BCH. But do you know that BCH is used mostly today? One thing is for sure as it is a token that you can withdraw with less or no gas fee.

WHEN DO I BUY CRYPTO: IS IT BEFORE EXCHANGE LISTING OR AT THE MAJOR EXCHANGE LISTING

There is a question that keeps on ringing in my mind which is this question above. This question will be answered in different ways which is; there are some tokens that are just coming/springing up which may have futures. During this period when they are not listed,their price may be so low. This is the right time to buy and keep until they are listed. Buy in quantities so that you will be able to make more when it is listed. BTC was just too low when it just came up. There were some tokens which were listed and were above BTC in price. People were mining BTC back in the days. Now look at where it has gotten to? BTC is now the token of the moment. 

Early last year,it rose to about $65,000 and many people predicted that it will rise to about $100,000 if possible.

BCH on the other hand is just an affiliate of the BTC and it is not doing so badly. It is truly moving on high,but just recently,the token which has gained level in the price chart to $1,600 has now dropped to $385. This is a great loss to those who have bought at that price but to sum it up,since it has risen to this extent,it will still supersede this amount in due time.

In another way,when you want to buy a token that has been listed is when there is dip in the token. That is when the token has dropped dramatically in price just like our BCH today. The best time to buy is now so that you will have more gain later when it finally increases.

BTC on the other hand has tasted the peak of $ 64,000 late last year 2021 and now in it's dip. This is the best period to buy and hodl for better days.

IS BCH ALTCOIN OR SHITCOIN?

There are some coins we call the shitcoins. They are coins traded as an alternative to Bitcoin. The reason for calling them shitcoins is just for making the creators rich or poor. This means,there is no specific interest made in these coins; instead,you can only gain when there is an increase in the price. BCH remember is a cut out of Bitcoin and so is called shitcoins. The only difference from other coins is just the way it is being gotten and traded on as well as the popularity. So,the shitcoins are called games because they truly serve as if one is playing games. When the price decreases,you buy and when it decreases you sell. Although,we cannot truly differentiate this factor with BTC and most owners do sell when high and buy when low.

There is a warning that we should always have at the back of our mind. This is about Hodling shitcoins. The fact remains that we should always sell out shitcoins whenever they are increased in price.