The Rise of Bitcoin Cash: From Peer-to-Peer Money to Decentralized Transacting.
Bitcoin Cash had the CashTokens upgrades a couple of months ago and since then using BCH has been awesome because that upgrades added needed functionality to an already growing ecosystem. Now Bitcoin Cash is not just good for peer-to-peer decentralized money systems but also as a decentralized way to transact.
I participated in the NFT Guru project and I have started to use BCHBulls both almost at the same time. My NFT guru is my first NFT ever, it was the first time I have ever bought an overpriced JPG, I still see it as such, for more sophisticated people we could call it "digital art". Those that hold any gurus will receive Guru's token as an airdrop the community all got the news.
So the next wave of gurus will be coming on August 1st, 2023. Are you ready to participate in the next guru's wave? Let me know in the comment section.
My birthday is in August month, so to me buying another NFT will be the perfect gift that I could give to myself, so I will be buying at least one.
The price.
Bitcoin Cash has been pumping like crazy and already touch the $300 level and against BTC it went as high as 0.01. For those holding BCH that is great news but it is not the end of all if nothing more it now will be harder for those less fortunate to get cheap Bitcoin Cash in the open markets but is still the best version of Bitcoin for peer-to-peer transactions even with the 200% price pump.
I took a gamble and decided to open 3 long trades one got liquidated and two are still open. To me is not about making gain using leverage it is about being able to do more than just buying and holding but to participate in the market without having to surrender my coins to centralized exchanges that may or may not naked trade using my coins and my money putting my wealth at risk just like many other centralized exchanges have done before.
Against USD the target should be the tick blue line because that is the long-term bearish trend line, once we touch it that could work as resistance but once broken it could serve as a long time support area. Against Bitcoin BTC 0.01 is the new bear trend line and the price action would need to touch it again and use it as support to continue the bull trend otherwise the bear market against BTC may continue.
Everyone is saying that Bitcoin is a hedge against inflation and digital gold and that Lightning Network will fix the issue of high transaction fees. The suits and everyone else may be right but if they are wrong that means those holding BCH may be rewarded beyond our dreams. After all, paying twice to send Bitcoin is not better than a single transaction, so as such on-chain scaling rules and Bitcoin BCH is that king in that regard.
