Get some Bitcoin Cash just before hell breaks loose.

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Avatar for francis105d1
2 years ago

We all know, and it is not a secret that governments are printing money like there is no tomorrow, many of those fresh printed on a screen computer don't make it to the real economy but stays on the stock market and other assets, and even on banks internal balance sheets, because of that you haven't seen runaway hyperinflation just yet. But eventually, all of the money printing and stimulus will hit the fundamental markets, and prices for your daily needs will increase to a very high level, first as inflation and later as hyperinflation.

Buying gold may help you in the first years of a hyperinflation scenario. Still, eventually, if governments see that metals like gold silver start to go up, they will use bullion banks to crash it, and if that doesn't work finally, they will make it illegal to hold metals just like they did before. And that's the reason why you don't buy metals, full stop.

Because everyone with a brain knows that if metals start to be a threat to the money printing machine, the governments will make it illegal to buy, sell or hold any metal, and since it is natural (exist in the real world), they can get it from wherever you may be hiding it, and if prison is the sentence for not giving it up to believe they will instead put citizen behind bars than give up on their money printing privilege.

In the case of land or Real state, they will increase your taxes up so that you will have to give your property away; this will only happen in a hyperinflation scenario like in the case of Venezuela, not a minute before that, inflation like Argentina today will increase your taxes, but it will still be possible to pay it up. But in hyperinflation, the government will make your real state taxes unbearable, and also your capital gains taxes or any other asset that you may hold, and even unrealized gains, together with metals.

In the case of Bitcoin or Bitcoin Cash, BTC won't work because LN nodes will be your choke points where the government will hunt down large liquidity operators and force them to pay up and give your information away. Otherwise, they will have to give up their balances, and companies like WoS, Coinbase, Gemini, and others will give whatever the government asks to operate. BTC's on-chain transactions are so or will be so expansive that it will be impossible to use Bitcoin; here is where Bitcoin Cash will shine.

People will only understand this until it is too late; it is unfortunate. Still, people will only understand why low fees are a must on the first cryptocurrency until they need it for day-to-day transactions; as it is right now, people are just interested in speculation and not actual use. Still, the moment shit hits the fan, that's when you will realize that buying BCH under 1M satoshis is a blessing in disguise for those that are smart enough to understand the reason why Satoshi named it Bitcoin a peer to peer currency.

In conclusion, a hyperinflation scenario of the US dollar will finally make it visible for even the most uneducated person why you need money that the governments can't print and will also show you why you need low fees in such currency. Remember, the crypto space has always been a space for those who think outside the box; right now, the market is supporting BTC, but once the dollar is worthless and you need actual currency instead of a speculative asset, at that point, the weakness of BTC will show up.

And LN will just be seen as actual vaporware because you will know LN nodes are weak against governments, just like centralized exchanges are today. Running LN nodes on the Tor network doesn't help either. If everyone needs to open channels transactions, on-chain will go to the sky, all at the same time.

In a hyperinflation world, you only don't have to worry about high taxation. Still, also confiscation by the governments because governments take from those who produce to give it to those who don't make anything. Once their money machine doesn't work, they go after those to have the value, don't believe me; go to YouTube and put what happens to countries with hyperinflation, they first get to companies that produce services and goods and nationalize them, later private citizens and their private property. Bitcoin Cash, at some point, will need an increase of the blocks from 32MB to more because in a hyperinflation world, at least 128MB will be required to cover all transactions, but we will deal with that once the time comes.

I hope a hyperinflation world never comes true because many will suffer, and I am only one mind, so it could be possible that BCH may not even work, but at least it has 32 times more chances than BTC. I may be missing some things out after all. Like I said before, I am only a single mind writing my ideas; I hope I can encourage you to write your ideas as well because many reasons working at the same time and on the problem may solve issues better than one mind.

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2 years ago

Comments

Yeah its a very amazing and the low view point of bitcoin cash and ATH. I think will the touch of ATH. I think you are buy and holder of bitcoin cash.

$ 0.03
2 years ago

Best chance to grab our bags with BCH. It will touch it's ATH again.

$ 0.03
2 years ago

I do think that at some point we could see another ATH

$ 0.00
2 years ago

My friend tell me about it , today BCH Bitcoin Cash still very low point and BTC increase as you said 32 time's now what can i sell or purchase BCH or BTC ?

You are all point very valuable and you have a great observation in cryptocurrency trading market , I believe one day you will become one of the most famous crypto trader

$ 0.03
2 years ago

But I am not a trader, I just buy and hold.

$ 0.00
2 years ago