Bitcoin Cash future. And we shall have peace.
I do hold Bitcoin Cash, and I would say that I am a believer in the peer-to-peer vision that Satoshi Nakamoto had when he wrote the Bitcoin White paper. And I also believe that Bitcoin BCH is the real Bitcoin because, without cheap transactions, you can't be a currency. Since BCH has not changed its motto, in my opinion, it is the real deal, not a fork as many would like you to believe. Satoshi wrote Bitcoin, a peer-to-peer currency, and Bitcoin Cash continues with the same, so it is the real deal. Those who say they are a store of value or anything else, whatever sells, is the real fork because they have stopped using the first use case and move on into something else.
Because of propaganda and misleading information, Bitcoin Cash was called many names for the longest time, but the absolute truth is that it is the real Bitcoin. It hasn't changed its utility case, and the supporters continue to promote the idea that Bitcoin BCH had for all classes, rich or poor. It doesn't matter because rich and poor can meet each other in commerce with low fees.
Bitcoin Cash always has and will continue to focus first on peer-to-peer currency, and everything else will come as a result of being the most exemplary peer-to-peer currency. If Bitcoin Cash becomes the best programmable money, it will continue to be peer-to-peer money. If your store of value is reached in BCH, you can bet it will continue to work as a currency. Speaking of a store of value, Bitcoin Cash is that too, but only due to being the best peer-to-peer currency ever invented. After all, Bitcoin BCH is the Bitcoin created by Satoshi Nakamoto.
If you bought your Bitcoin BCH using dollars back on Dec 18, 2018, you would have made over 17 times your money, meaning that if you had put $1000 at that date, you would have around $17,000.00. My friend is a store of value that can be used as a peer-to-peer currency.
But in my opinion, even if you didn't manage to get Bitcoin Cash at such a low price, you are still early on the game because BCH hadn't reached its all-time high of around $4000 back in 2018. Even when today's price is $1300 or around that much, you are still early on, pretty much the asset is starting to go up, and if you count that Bitcoin BCH works as advertised, you will realize that a lot undervalues it.
We know that Bitcoin BTC has small blocks because they want to give the Bitcoin name to governments, banks, and the rich as a gift so that if they can force you to use custodian services, those institutions don't become irrelevant. And they also expect users to use custodian services so that banks can continue to charge you for using your own money and controlling your money supply. In short, Bitcoin Core BTC supporters want banks to continue printing the money supply, but this time they will print Bitcoin instead.
But the censorship is breaking down, and people realize that Bitcoin Core doesn't work if you don't believe me try sending $1 to a friend in Bitcoin BTC. You will realize that's not enough to pay for the transaction fees. People will recognize this little by little. The reason is straightforward smart money is moving into the Bitcoin that works, and as the price goes up, people will realize this more and more.
As you can see, we need to break the resistance at $1400-$1600 and use that as support to try the next level, which will be around $1800 to $2000.00. Once $2000.00 is established as support, the next most challenging part will be reaching the price of $3400 and showing support again to break the ATH formed from 2017 to 2018. As you can see, Bitcoin Cash has a lot of room to grow, and even with all that increase, we would still be under the ATH mark. Breaking an all-time high is not just price and speculation. It is something that Bitcoin Cash needs.
Many Bitcoin haters have used price as a valid excuse to scare newcomers into realizing that Bitcoin BCH works as a peer-to-peer currency first. It is superior to the Bitcoin Core store of value narrative, and if you managed to buy at the lowest point back in 2018, you would be around 17 times higher than when you came in. That's a store of value.
You should expect many more attacks, and who knows what else, but remember, Bitcoin Cash has been working as advertised for all of this time, it has registered many transactions in the blockchain, and that hasn't made the fees go higher in price. Remember that Bitcoin BCH came from being targeted by Blockstream minions as a fork even when we are not. And let me be obvious that you will see people trying to scare you into selling because they want to sell you something that doesn't work for something that does work.
If we follow the example of many altcoins in the top 10, you will realize that Bitcoin Cash can make at least 3x your money even if you buy at the all-time high of $4500. That price can reach $13,500.00 without hype, just pure fundamentals and observing what other coins with less utility have done. Once fiat ATH is called, the real fun begins.
For the longest time, Bitcoin Core maxis have used price against Bitcoin Cash, saying that peer to peer doesn't matter, but once fiat ATH is reached, Bitcoin pair ATH will be next. Many new people in the crypto world don't care about fundamentals or anything else. They want to buy something cheap and sell it high, I recommend against that, but you can't change the whole world, guess what? Those people will see the growth of Bitcoin Cash, and they will buy, hoping to make it big because it is going up, and no amount of censorship will work against those people because they want to make money. They will help fuel the take-off of Bitcoin Cash and start eating away at Bitcoin market share.
The transaction volume will begin to increase, such transactions with more and more value but the same low fees; meanwhile, the competition will have $10 plus transaction fees, and those who are not awake their wallets will hurt every time they make a transaction. I expect even more vicious attacks against Bitcoin Cash from maxis because they will be freaking out knowing that their censorship campaigns have reached their limit and that the people have figured out that the real Bitcoin is BCH.
The rich invested in Bitcoin BTC will be the first to dump it because they can't afford to lose what it has taken them so many years to accumulate. I expect a lot, and many will say that they were Bitcoin Cash supporters even when they are not.
The world will wake up, and it will be like a headless chicken running around without its head. Once all comes to pass, we will have peace, and the price will be 1:1 or even more in favor of BCH. And we shall have peace. Amen.
Bitcoin cash is real threat to sovereignty of BTC that is why heavier propaganda visible on every medium against BCH. Agreed , we will be in peace when certain things sort out .