Bitcoin Cash future and price.

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Avatar for francis105d1
2 years ago

The Bitcoin Cash price is just a prediction, and it may never come true, ever. But I do believe that BCH, at some point, will be higher than Core. The core may reach one million dollars, but I think Bitcoin Cash will pass that mark and be more valuable than that, I don't say it, but I think it can reach one hundred million dollars by 2050.

Reason.

Bitcoin Cash is improving Smart contracts capabilities, DeFi, and privacy and is enhancing its mission to become a cheap peer-to-peer currency. DeFi will bring many users that for each contract or movement of their money will pay a transaction fee, which will raise the asset price, just because users will need BCH to settle their trades and pay for businesses and exchange their careers. It is a complete circle, where you need tokens and the native coin of the chain.

Those users will bring their money to the Bitcoin Cash network. Big investors will want to get a piece of that pie, but institutional investors and people with big dollars will also buy synthetic and native assets.

Bitcoin Core will not accept block increases even if fees exceed $100. As other articles explain, they will insist on LN, which will be more expensive than on-chain fees. They will try to sell sidechains that you will find are also costly after just a few hours of research; DeFi users will try to find cheap solutions. Not to mention that I expect $1000 transaction fees, which at that point, users will have little money and will have to abandon the network.

In inflation in Venezuela, people are being forced to use cryptocurrencies because their fiat is worthless. Still, Venezuelans are looking for cheap transactions, so if hyper or high inflation hits the United States, you can bet people will start to use cryptos to exchange goods and services. Still, you don't use high-cost transaction networks like Ethereum or Bitcoin Core. The rich will try to fool the poor into buying Bitcoin Core, but the poor will discover that they can't use something they can't afford, so I guess the rich will have to sell their assets or hold a worthless coin.

Remember, the rich also need goods and services, and if they buy BTC to protect against inflation, they may find that the regular person is unwilling to accept or can't afford to take BTC.

So Bitcoin Cash will serve the rich and poor and those who want DeFi, thanks to new users and the existing peer-to-peer idea. Bitcoin Cash can be used as everyday money as a peer-to-peer currency, not just to trade decentralized assets. As decentralized global money, BCH can cover almost all financial needs in trade.

Bitcoin Cash can become the global currency standard on which fiat denomination will be meaningless. Still, for those who need numbers to understand something, that will mean a price of 100 million dollars in the purchasing value of today. Once Bitcoin Cash is a global standard, fiat currency will be worthless. Still, to reach that, BCH needs first to be a genuine peer-to-peer currency, keep its transaction fees as low as today, and try to find ways to make it even cheaper so that people can use the asset without worrying about costs.

Bitcoin Cash is the real deal, a peer-to-peer currency, so it is hated. Many-Core supporters decided to sell. They know that if BCH's peer-to-peer currency were to be accepted, they would lose 100% of their money. BTC supporters fear BCH because they know they don't have a peer-to-peer currency, a speculation asset. After all, the store of value they wish to be but are not. By to way, Bitcoin Cash will be a peer-to-peer currency and store of value.

If you can afford 2 BCH, that will be enough money to live well in a few years. In the last three months, we had 300k transactions, and fees are less than 1000 satoshis. It is just a matter of time. You still have time to buy today at such cheap prices.

Don't worry about what others say, and the truth is the world needs a decentralized peer-to-peer currency. Bitcoin Cash will be worth more than BTC is today, and at some point, BTC will be worth less than BCH, which means that the world will find out the truth sooner or later, either by choice or by force. By choice, you discover that BTC's high fees are an issue. You won't use your money when you need it the most because you won't have enough to pay for the tax fees.

Those who understand the game theory behind transaction fees will be able to buy at the lowest prices today, those who don't understand the game theory will be buying at the highest prices. If they are lucky enough to get out on time before whatever they hold gets eaten by transaction fees or the price for each BCH is too high.

That's the risk of holding BTC, that you don't have enough funds to pay for the transaction fees, or that whatever you carry is nothing compared to BCH. At some point, Ethereum transaction fees were 0.10 eth. If you hold 0.10 BTC and transaction fees are 0.09, you lose 90%. Congratulations, you just got wrecked.

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2 years ago

Comments

The thing which make us to love bch is its low transaction fees and peer to peer status. I pray it go on the heights which we imagine for it

$ 0.00
2 years ago

I hope so it will happen. Anyway I slept early last night because I'm so frustrated about my BCH saving it decreased.

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2 years ago

Wow if that happened all BTC holders will switch to BCH as transaction fees are more lesser than BTC

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2 years ago

One hundred million $ that is so much bigger amount dear. Well, if I say precisely then, anything is possible in crypto market. Hope that comes true and I have at list 1 bch before that up as savings.:)

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2 years ago