@realbitcoinclub
edited
more from that month
Why has CoinMarketCap become totally misleading?
Look at this historical data of 2017, the beginning of BCH, when the statistics provided by CoinMarketCap had been relevant. That snapshot reflects which project was the most attractive for the community that wanted to have P2P Cash for the world.
Nowadays CMC is a marketing tool for Binance Last year it was CZ from Binance who closed the deal and bought CMC for half a billion USD, why would he do that? Viewers! Promotion and Profits! Thats what private companies look out for. In addition to that BNB has also entered the payments space when they first integrated their token into CryptoBuyer which is a Point Of Sale (POS) in Venezuela This means that BNB is in competition with BCH and they would do anything to appear that their token is more useful than Bitcoin Cash is.
The value proposition of each network is what matters BCH wants to deliver P2P payments to a free world to bring more freedom and peace to this world. These value propositions have infinite value, which can not be measured in dollars. So whenever you invest into Bitcoin Cash it means you want to be free and you want to be living in a free peaceful world. How would you measure that in USD?
Tether and other stablecoins When CMC was developed the pegged dollar coins did not exist (some people call them stable but in reality they are super unstable because the supply is being inflated infinitely as the boss of the FED, federal reserve bank New York, mentioned last year) Nowadays we see many different dollar pegged coins in the Top 100 which are bringing down the position of the legitimate bitcoins but in reality these dollar pegged coins also have infinite supply and measuring them on CMC makes no sense, as the real market cap of these coins is the same as the USD, infinite.
Cardano, Polkadot, Solana These currently hyping networks are basically copies of Ethereum, their supply is also often unlimited and even if their supply is currently limited, they might change the network policies later on, because all these networks are centralized around a few developers or foundations which are also controlled by the same developers.
Conclusion Ask yourself, what your goal in life is, if you want to be free and living in peace then BCH is the best investment you can make. If you want to make some quick money, that will also fade away quickly, then it makes sense to invest into any project that brings you the most profit. You create the future for yourself and your kids, if you are ok with being rich but enslaved by government policies who do not serve the interests of yourself, then go for it and invest into anything that makes money.
Take care, money is a drug and many fell for the addiction of that drug, but for me time is the most valueable asset and any moment spent in freedom and peace has infinite value to me.
4 comments
I ignore completely the rankings since many months. Nothing makes sense. Solana, Cardano, Polkadot, Avalanche, Luna.. What are those? Bitcoin Cash has 300,000 more users than all those ranked below Ethereum combined.
True story, luckily on CMC you can also check the statistics of each network where you can see the truth about user statistics and traffic
No doubt if you have then BCH is the best option for holding that token because when we see statics of 2017 the BCH value is $2530 and now its value is $542. So doubt it will increase after some time. Now we need to show patience instead of buying another token.
The price is just the curtain of the theatre, behind the scenes the value proposition of each network is totally unique. Comparing BTC with BCH makes little sense, they serve different products. One is a luxury item for elites, the other is a coin for everyone. We saw how that worked out for apple which is now going extinct as Android ate all the market share slowly but surely.