Why is Bitcoin Cash better to be adopted as legal tender?
According to the experience of more than three years that I have in cryptocurrencies, I have been able to appreciate that when you talk about this topic to anyone, in general what they know is BITCOIN, and rarely go beyond, many do not know that there are currently more than 4000 cryptos, beyond Bitcoin, which are also better alternatives to that considered mother currency.
And I'm not talking about Ethereum, which of course I recognize its value and everything it has added to the crypto environment and global finance, but in terms of operations, speed, security, cost, there are undoubtedly better options. **Bitcoin Cash is one of them.**
Why do I think so?
I will take the current case of the country El Salvador, which has adopted BTC as legal tender, that is good, I think it is something that favors us all, and I really hope it is an initiative that can be replicated in other countries, however, there is a blunt reality, and is the cost of transactions, we know that the amount of "transactions per minute" that can run are few when compared to other blockchain. *So, to give a simple example:*
I am going to pay for a product in a commercial store, transactions in BTC usually last more than 30 minutes, even hours or days, it is the reality, would I have to stay in the store all that time before being able to withdraw with the product, or should I cancel long before, and when the transaction is confirmed go to withdraw my product, this is something that is not practical at all, and although I agree with the acceptance of BTC, I must recognize that this is a point in contention.ra.
**How long does it take to complete a transaction in Bitcoin Cash?** *just a few minutes, a few minutes or seconds, it is really very fast.*
Another important detail: Transaction cost
It is no secret to anyone that all or almost all transactions that we make in the traditional financial environment or not have a cost, it is logical, because the platforms or the Blockchain in general have an operational cost, and it must come from somewhere. Now, there is a great detail, is that Bitcoin transactions, apart from the delay, have a very high cost, especially if we consider that in most Latin American countries a minimum wage is between 200-300 dollars, making a transaction and apart from having to wait for it to materialize, *having to assume a cost of more than 20 dollars for the transaction is high,* I imagine that at this point of the story you will agree with me.
So in this aspect I consider that by only paying a few cents on the dollar to make a transaction in Bitcoin Cash, it puts it far above any other crypto, even BTC, **don't you think?**
For this reason I must say with certainty that adopting Bitcoin Cash as legal tender is much better than adopting BTC or other cryptos. The speed, the low transaction cost, the diverse use it has today allows its adoption, it is easy to use, in platforms like this we can earn it by sharing content that interests other users, that is, we can do a lot with it.
I hope that soon, its use and approval will expand in many more countries, and we will all continue to have much more to do with our cryptocurrencies.
*I know that the massification is ongoing, we must be patient, also help educate people in terms of finance in this aspect, so that they feel much more calm and secure and can also assume all this wonder of the crypto universe.*
**I will come back soon with more content to share with you all, have a great day.**
People need to learn about cryptocurrencies, and ReadCash is a great tool for that
The world is changing, much more so in recent months, and in so many ways that people often can't keep up. One of the big changes that have been generated is in the economic and financial sphere, without a doubt, and it is necessary to catch up with this aspect.
Cryptocurrencies and the blockchain allow many people to generate income from home, but there is still a lot of ignorance about it, a lot of potential users are out there, looking for information to be able to start dabbling in this fascinating world we know as technology and disruptive economy. Facilitating the processes to the population and also providing confidence is key for them to enter the crypto-world and stay here.
**How much do we need to start publishing in ReadCash?**
SWe know that many people are afraid to enter the Crypto-world, this is a reality, for some people this financial system feels as if it were for people very educated in technology, for those people who have large amounts to invest, and it is not necessarily so, we know. For example: **How much do we need to start publishing in ReadCash?**
No investment, those of us who are here know that it is so, of course, we need a basic mastery of the basics of writing, and obviously, if we master the English language is much better, however, with the amount of tools we currently have at hand to translate, we can have access to a lot of information. But, economically speaking, we don't need large amounts of money to be here, don't you think?
The learning process must be facilitated for new users.
An easy way to teach people that this financial world is real, that it is global, that it is not centralized, and that it can generate a great financial freedom is by example, besides being able to guide them in those first steps, so that they see that it is not risky to write, and that they can also express themselves freely, of course, with due respect to others.
***It is important to note that anyone can learn how to publish and share content on this platform.***
This social network, ReadCash, provides a different way to communicate with each other, to express ideas and to learn in the process, while having some economic benefit. It is no wonder that some people feel frustrated when they join and do not see quick benefits, I think that this frustration is largely given because they enter with an easy vision of things, believing that they will become millionaires or something like that, and we know that this world is not like that, you have to work to get things. And on this platform there is no difference.
Strengthen the use of these decentralized social networks over centralized networks.
I see education as the main tool in incorporating more users to this social network, because the lack of knowledge of what can be done here and also how to do it, is what makes many stay away. That is why I will insist on the fact that allowing people to know all this system will make them feel confident about cryptocurrencies and want to be here, don't you think?
Then we must look for ways to incorporate more people, educate them, and we will surely have a sustained growth. And in this way we may even see an increase in the price of bitcoin cash hand in hand with the increase in users.
What to do to support the growth of the cryptographic environment?
I particularly believe that there are ways like youtube to massify the learning process, or some blogs, even this platform can become a channel through which we could reach many people and explain little by little how to get into this wonderful decentralized world. For my part, I often talk to many people about cryptocurrencies, however, I still notice some resistance from many, I feel that it is partly due to lack of knowledge, because when some enter and see what can be done, they are delighted, literally.
I will soon share some tools I use to invite people to join this financial environment, and I would also like you to share your opinion about it.
I must conclude this post, hoping to reach many people, and of course waiting for your comments and opinions, I'm sure we all want this crypto world to keep growing, to reach more and more people, in order to achieve that much needed independence.
We are in times that are undoubtedly wonderful, let's take advantage, and massify the information.
*All images used in this publication are from Pixabay.*
ReadCash: How to explain in an easy way to new users so that they understand how it works?
Hello everyone, I hope you are having a great day. I want to talk today about some important things, and I know that many of you could give me important recommendations before what I come to raise.
I know that many of us who make life in the financial ecosystem of crytocurrencies have often been asked some things that perhaps could be a little complex to explain to the common person, and when I refer to the common person I do not mean that those of us who are here are not common, but it is very true, and I imagine you will agree with me, that not everyone understands the functioning of the Blockchain and cryptos, and much less if they are people who have focused their lives to the **traditional economy.**
So, some of those questions I am frequently asked are the following:
Where does the money one earns there come from?
Is that real money or what?
Will I get in trouble if I work with cryptocurrencies?
Is that a scam?
These are just some of the questions I've been asked by people I've told about the possibility of making money/cryptocurrency writing. Many immediately tell me that "they can't conceive that", I think it is largely because they are influenced by the other social networks, where you publish but nothing is earned, we know which ones I'm talking about.... don't we?
Well, in relation to that, I have my particular way of explaining how this social network works to people who don't have any knowledge of blockchain or cryptos, and that is using what these people know to establish some similarities and in a way make it easy for them to understand this platform, so what I do is the following:
We know that a social network like Facebook is widely used, as well as Instagram, we can say that the vast majority of people have an account on these networks, so starting from that I begin to make points of comparison. I tell you that unlike these networks that I have mentioned, in this case of Redcash if you can earn something. But for that reason the creation of content is much more important. It is not just about uploading a photo and that's it, but you must write content that adds value to the platform, that leaves something in the mind of whoever reads it.
At this point people start to understand, but then comes the first block, and then a question: what do I write about, and this, I think, is a key point for people to want to join. Because obviously, many people believe that they need to have read many books or have a professional career to be a writer, and I particularly think that it is not necessary, of course, that facilitates the process, but it is not a unique and exclusive condition, at least not for me.
And I think this is an important point, since the way we can bring more people to ReadCash is by trying to facilitate the process, guide, and create points of connection for those we invite to feel at ease. Well, having clarified this point, I proceed to explain that the way in which we win is by the support of other users, and that at the same time, they also win if we support them by **reading, voting and commenting.**
This is another important point of the platform, which is not about buying votes or anything like that, everything is based on the assessment of other users, if they like what you write and thus decide to support you or not, that is, community values are much more present here, far above the individual ones. So, this is another point in favor. The other thing that I always emphasize to those who enter or want to enter the platform is that by reading other publications their knowledge increases, because the information that is obtained thanks to the readings we do, is something priceless, and this information is always accumulating in us.
Explaining each of the points to these people is complicated, but we all know that it is a matter of time before it is understood. When I mentioned the fact that I compare it with what they already know, I make a relationship with the publications, because in essence that is one of the things we must do, but also comment, and vote. In the latter I tell them that voting is like the "likes" in other networks, with the difference that from these is that an economic benefit is generated in the other.
With this people have a little clearer vision of the most basic fundamentals of the platform, however, I have not found an easy way to explain to people what the Blockchain is, can you think of something, any way to make a comparison with something that is commonly used and that makes it easier for people to understand it?
I look forward to your comments, thank you in advance.
Good times in the crypto environment - BitcoinCash to the Moon
Hello community we are living, a good moment in the crypto world without a doubt, surely you also have a similar perception to mine, a bullish run that began since late last year, is maintained and has been sustained throughout the year 2021.
For all of us who have been in this financial ecosystem for years, it is a real pleasure to see prices rising, plus the emergence of new projects that are supported by blockchain and cryptocurrencies allow us to think that we are really on the right track.
Something very important that happened this week was the launch or listing of Coinbase on the US stock exchange, however I must point out that I thought that the impact that same day would have on the cryptographic environment would be much greater but contrary to what I thought there were no major movements in the values in the prices of cryptocurrencies.
But successive days we have been able to see that prices have continued to rise sharply, one of those coins that has benefited positively has been Dogecoin, which only today April sixteenth has risen almost one hundred and eighty percent.
On the other hand, another big winner has been the base currency of this platform **Bitcoin Cash**, which has had a huge increase of more than 20% surpassing the barrier of 100 dollars per unit, wow, I really think it is a very good thing that this happens because it allows you to give more vivid use to this *redcash project*, as well as others that are supported by the **Bitcoin Cash blockchain.**
Hundreds of times I have been able to read of some great businessmen, who say they do not believe in what has to do with the movement of cryptocurrencies, however, although some have said that the end of the crptocurrencies is near, I think nothing further from that than what we can see in real reality, when the adoption of this new financial ecosystem is becoming even much greater by many and even characters who at the time were totally against having any contact with cryptocurrencies are now pro crypto.
Like *these types of blogs*, which can undoubtedly give us more confidence, not only to those of us who have been working with cryptocurrencies for many years, but also to those new people who were completely unaware of how this works.
I can only say that we are doing very well, that we can all benefit enormously in one way or another from this technological and financial reality that is helping so many and that can lead the traditional financial system as we know it to reach a point where it is not sustainable by itself, as we have seen with the deterioration of all the world's finances, such as the loss of value of fiat currencies, the loss of confidence of people in the currencies of their countries, and who have been able to rely on cryptocurrencies to back up their money.
I hope I am not wrong, but that the future is going to be much better.
Cryptos are here to stay and continue to revolutionize the financial environmen
Hello read.cash community, wow, these last few hours we have been experiencing in the crypto environment, where the uptrend has been broken by a large correction has caused many to panic, literally, at the possibility that it is not just a correction but the start of a more pronounced downtrend.
I must say that in the face of such facts, my position is one of waiting, I do not believe that this is the beginning of a steep fall of all cryptocurrencies, although obviously almost all of them are currently down in price. The reality is that I expect Bitcoin, Bitcoin Cash, among many others, to continue their upward climb, and that it would be logical to wait for a good time to enter this decline before it resumes its climb.
In the whole cryptographic environment it is best to always keep an eye on the future, but without failing to analyze the past, **I will explain better**:
*If we analyze the whole historical process of Bitcoin since its creation, we can see that it has been bullish over the years. It is easy to realize this if we take into account that when it emerged it was barely worth a few cents on the dollar but currently it is above 40k. That's quite a high price, really.*
Not getting carried away by negative information is also something important to consider, let's keep in mind that in the course of these years of existence of cryptocurrencies, many have claimed that the days of cryptos are numbered, and that sooner rather than later they will disappear, and there is no doubt that they have been totally wrong.
The reality speaks for itself, in the most recent months an impressive amount of capital has entered the crypto environment, and we would not be talking about hundreds of millions of dollars, but billions, few businesses are able to attract these amounts, so, I see far away those statements of some people who could swear that cryptocurrencies are going to disappear, how wrong they are.
There is no doubt that DeFi has had great significance in this increase in capitalization related to an increase in the belief of the cryptographic environment by some renowned institutions, which have entered with much capital and directly has benefited all of us who make life here.
Defi is supported on the Ethereum Blockchain, for that reason Ethe has gone in a few months from a value of less than 200dollars per unit to more than 1800dollars, so this has been a great benefit for the entire crypto environment, no doubt. But, thanks to the importance acquired by the whole environment of Decentralized Finance since last year, there are currently some Blockchain that are with their own DeFi projects, such as TRON, the EOS blockchain apparently soon will also be in the same, in addition to Cardano, which may lead us to think that in the short or medium term these coins may be in a new range of market capitalization.
And we can not leave aside that Binance has in the crypto world a great project already working, which also allows the development of smart contracts and with this, of course, DeFi. And this is Binance Smart Chain, which I have particularly used and it goes very well, works fast and with really low commission costs.
For its part, we still have a lot of opportunities in Blockchain-based social networks, where we can share original content and make profits in Cryptocurrencies, such as read.cash, which allows us among many other things to monetize in the form of Bitcoin Cash, one of the main cryptos within the market, while sharing important information, but also while reading and learning from the many other users who make life on this platform.
*So we are not lost by being here, in fact, I would venture to say that we have come a long way, and that what awaits those of us who have been working with cryptocurrencies for a long time are much better times.*
Success to all, and patience, I am sure that with the passage of time everything will be better in the crypto environment.
Important qualities that entrepreneurs should have
I believe that we are all in a permanent search for something that generates tranquility and stability, not only in the economic and financial area but also in the personal area, although I could say in a certain way that both things are closely related.
But this search always requires some aspects and skills to reach the goal we seek, and that not everyone usually meet, so that we could say that the lack of some important point would indisputably lead to failure, however, it is not only about the characteristics of each of us, there are also external factors that could limit us and prevent us from getting what we want.
**But let's talk a little about those qualities necessary in each of us if we want to be successful people:**
1) **Patience**: this is a more than necessary characteristic, in view of the fact that everything today we can get relatively fast through the internet, it can make some people think that many things in life are handled in the same way, and even frustrations come faster in people with low levels of patience.
2) **Persistence**: there will always be complications that arise along the way, in any project we undertake will arise as if by magic situations that require us to make use of our ability to resolve, to continue, and within these skills is the fact that we must persist until we solve the situation to continue.
3) **Flexibility**: before starting we all organize and plan our project in a particular way, we will have a specific schedule, a staff, among each of those things that make up any business, but this does not mean that things are not subject to change. Things happen that are unpredictable, besides it is impossible to foresee everything, for that reason mental flexibility will help us to adjust our bread to a changing environment.
4) **Respect**: It is impossible to gain someone's respect if you do not respect them. This characteristic not only facilitates the process by allowing us to generate a much more pleasant environment at the time of work. Remembering that the words we say, a bad gesture we make to someone, we can be sure that it will not be forgotten, and unfortunately can later damage what could be a good working relationship.
I must emphasize that nowadays when we talk about respect we should not only refer to respecting our co-workers, but we should also contemplate respect for the environment, for animals, for everything, it should not be something optional, but mandatory in order to have harmony with our colleagues as well as with the environment that surrounds us.
These are just some of the characteristics that I consider very important that a person who is on the way to start and develop a project should have. But in this case I have only mentioned what concerns the person himself, but we must be clear, as I mentioned in the beginning that any project is also subject to alterations by **external factors** that could escape from our hands and even, maybe we could never see it coming.
We must always be prepared, for now I say goodbye, hoping you have an excellent day.
Is it a good time to invest in Bitcoin?
Hello everyone, I would like to have a conversation regarding the following question that many people frequently ask me:
Is it a good time to invest in Bitcoin?
There is an easily perceptible reality, and it is that the best thing would have been to buy when the BTC was only worth a few cents on the dollar, but no one or almost no one had the certainty that there would come times when prices would reach such figures as the current ones, but if we look at it from its beginning the Bitcoin the only thing it has done is to go up. Of course, it should be noted that it has had its moments of correction, in which many panic and sell quickly, even at a loss.
But, my point is the following, because answering that question is not so easy, or maybe it is, but I particularly think that this project like other cryptocurrencies are still young projects, and that we have to see them more in the long or medium term. Of course, those who are dedicated to trading will obviously tell me that I am wrong, because they buy under other expectations, more short term, but that is their way of buying, or working, because finally trading ends up being a job.
*If we start our investment at this moment, buying some amount of BTC, we must know that for now we are at maximum prices, in fact just a few minutes ago, today February 16, 2021, to mark a new record high above 50k... So, is there any chance for it to go down, yes, of course, the same chances for it to go up.*
That's why I say that answering that question of whether or not it's a good time to invest is quite complicated. Because it may go down in a few months to 30k, again, but I also believe, and this is what I believe in the most, that it will continue to rise in price, some point to exorbitant prices of 200k, others say that it may reach 400k at some point. But everything is still to be seen.
One thing I am very clear about, and always when I talk to someone regarding cryptos, is that this is a highly speculative environment, which makes it very volatile, and you can't invest money that you are not willing to lose. Yes, it sounds a bit strange that, but it is the reality, because it is better to contemplate it that way, because assuming the case that you buy now, at 49k, but then the price drops to 30 or 40 k, it does not mean that you have lost it, you lose at the time you sell, but surely many will have the need to recover their money as quickly as possible, and will not have the patience to wait for it to at least reach the purchase price again, so as not to lose.
This brings me to another point, do not put money in play that you need urgently, because the periods in cryptocurrencies can be up to years, that is, if it drops abruptly in price, it could be a few years before we return to current levels. Of course, I am speaking based on what I know, from this recent experience from December 2017 until now, it may be that the next bull run or uptrend, once we are out of this one, may not take so long to come, or better yet, it may be that this trend will continue for a few more months, everything is in to be seen, really.
*To conclude, the first thing you should do before investing is to investigate, do not just join the trend and that's it, because it is not always the best thing to do.*
**This is not a financial advice, you must make your respective inverstigaciones before investing in any project.**
Thank you very much for reading me.
My presentation in read.cash: Hi, I'm José
*Hello* to all the community, this is my first publication in this Social Network based on a blockchain, I'm sure I will do quite well, because I have some time writing in other blogs that are based on blockchian and generating profits in the form of cryptocurrencies.
I really believe that the future is here, now, now, now, and that technology is taking over everything around us, and the logical thing is that we catch up with all this in order to get better benefits. It is impossible to keep up with technological advances, I know, but I also know that we can move forward without falling so far behind in the process.
I have been doing some research regarding this social network and I can say that it has some great advantages over other networks that have already been operating for some time. Profiting in BitcoinCash, a currency that already has a reputation as one of the best projects within the crypto environment is already profit. So here I am, willing to learn about the proper functioning of this network and see how I can add value to it.
My name is Jose Vasquez, I am Venezuelan, I have about three years working on other platforms where I can share content on different topics, but here I want to start with a topic that I can rarely develop by the communities in which I live. But I would like to dedicate myself to literature, creation of short stories, fiction, among other things of literary creation.
I hope to learn how to improve my publications, besides having a base of constant followers, we know that this is something more than necessary in all social networks. Otherwise, it is difficult to be properly valued, and writing not to be read is something that I do not like very much. However, I know that every beginning is complex, and here I will dedicate myself to create my base of followers, obviously by supporting others, which I also know is something that should not be neglected.
As I mentioned before, I am Venezuelan, but I am currently living in Colombia, a neighboring country. Since I arrived three years ago, I can not complain, I have not done badly, but the reality is that nothing like being in your country, however, you learn from everything, here knowing many people, new culture, new food, new climate, in short, many new things, and everything new tends to make us wiser, at least I think so. The experience we gain from being in other countries is undoubtedly something we will live with for as long as we live.
FOR NOW I SAY GOODBYE, BUT SOON I WILL CONTINUE PUBLISHING, OF COURSE.
It is a good time to start on this platform, being in the middle of the month, starting a new week, which I hope is the beginning of the end of this pandemic that has caused so much evil, but on the other hand has opened the doors to experiment with other options, such as this social network.
Happy week to all, take care of yourselves, stay safe.
Sources of images: (https://pixabay.com/es/photos/empresario-inicio-593371/)
(https://pixabay.com/es/photos/tradiciconal-colombia-colombiano-2769786/)
@josevas217
