How much Bitcoin Cash should you hold?

The answer to the question: How much Bitcoin Cash should you hold? It is not a straightforward answer or a simple one to answer either. It depends on many circumstances, who is asking the question, and the current economic situation of the person who wishes to hold Bitcoin Cash.

Holding Bitcoin Cash is a good idea because, among all the other altcoins, Bitcoin Cash is the coin that has a greater chance of taking over Bitcoin. After all, Bitcoin works with meager fees and is usable regardless of economic class. Bitcoin Cash is the Bitcoin that doesn't need any custodial account to scale like the competition is trying to do. Using services like Wallet of Satoshi, Strike, or Chivo is a sacrilege in the crypto world. After all, you didn't get into crypto to ask for permission from yet another bank; you got into Bitcoin to be your bank and can only do that with Bitcoin Cash. Bitcoin Core BTC is pretending to be Bitcoin while they promote custodian services as a scaling solution. The latest example is that El Salvador will implement its government-sponsored custodial service.

I say that Bitcoin Cash has a greater chance of becoming recognized as the real Bitcoin BCH that has kept its promise to be the peer-to-peer currency for the whole world, and so the question is, how much should you hold? You should own at least 0.003 BCH if you are not rich and can't afford more than that because of your income. In some African countries, the minimum wage is around $2 daily. If you earn that little, I would say you should at least buy one day's worth of salary into Bitcoin Cash and hold it in your private key.

In many other countries, their minimum wages are around $5 to $20. The rich countries like the US, about $100 a day will mean that regardless of your country. You should invest at least one day's worth of salary into Bitcoin Cash, and this will be the case for everyone who has to work for a living and needs to work to survive; now, if your financial life allows for more, the better.

If you can save one month's salary into Bitcoin Cash, that will be even better, but users looking to invest should only consider this if they don't need that money to pay for rent next month or any other obligation. And you shouldn't need to worry about that month's worth of salary for at least one year, meaning that if you invest, you won't need that money at least for one year or more; otherwise, you should stick to only saving one day's worth of money salaries.

That is what I would say to those asking me how much they should hold in Bitcoin Cash because people earn different salaries in different countries. Those two factors could help generalize how much money you should invest into Bitcoin Cash regardless of your class or income.

Now for people with more financial freedom, things change a bit, and they should invest what they can afford to lose. And if you have some extra income, I would recommend you invest it into Bitcoin Cash for the long hold, sit and wait for my approach when it comes to BCH. Not financial advice, just my opinion.

Now I believe everyone should at least hold 0.003BCH, but the more, the better, in my opinion, and if you can have at least one whole Bitcoin Cash, the better, and I will congratulate you too. If you hold at least 1 BCH, you should try to protect that from all threats, including emergencies. I would say that once you save at least 1 BCH, the problem becomes not spending those satoshis on things you don't need, so always have a little cash on hand to cover unexpected expenses so that you are not forced to part with your satoshis.

And if one day you must use your satoshis to help adoption, make sure you are spending your satoshis on something that you want or that you will use and replace it so that you can keep your coins until the time to pay your satoshis without the need to exchange into fiat is here.

Conclusion.

Try to hold at least 0.003BCH even if you earn $1 a day, and if you are poor, try to put at least one day's worth of your local wages into Bitcoin Cash, and for those with more financial freedom, at least one month's worth of salary. And if you are rich and can afford to lose one year's worth of your income, it will be fantastic too. Make sure you don't need to part with your coins by always having some fiat aside. And always use and replace if you must spend your cash to help adoption.