BCH is really cool

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Avatar for zekecuba
3 years ago

I know this is general knowledge in this community and there are tons of articles talking about the great advantages of bitcoin cash, but still, I will write what I think about this cryptocurrency.

Read.Cash's blessing

I have only been a Read.Cash user for 4 months and yet I am completely in love with this system. I came across Read.Cash by chance searching the web for an information and I found an article here that talked about the subject. The article as such was not a big deal and from the information I was looking for I really did not find the answer. However, I took a few seconds to study the concept of the site and it seemed to me like a super interesting idea.

A large and very active community, they commented a lot and there was a lot of activity, great. As an icing on the cake, the site had mechanisms to receive payments for activity on it. I did not close it even once, I immediately create a user, I loved the idea because of the possibilities it offered.

However, the site makes payments in this cryptocurrency that I did not know, bitcoin cash.

Bitcoin Cash (BCH)

Not that I was or am a great connoisseur of the crypto-universe, but I had not heard of BCH. Or maybe I had seen it on a crypto lists or heard it mentioned, but since there are so many cryptocurrencies, the truth is that I had not paid attention to it. Even already earning a few cents on Read.Cash, I didn't pay much attention to it.

My attention was completely focused on Bitcoin (BTC), it is the most valuable cryptocurrency, the first and most famous and the one used in the Trust Investing investment system, by which my entire adventure in this world began.

However, as time passes and I begin to read a little more about BCH and gain more of it here, I am realizing that I really like it a lot. I am not a great connoisseur on the subject, so I am not going to re-expose all the advantages that we all know it has and which are talked about in so many articles.

I'll just say that my opinion right now is that I really like it. All the BCH that I have I have earned in Read.Cash and recently Noise.Cash (by the way, great, hopefully it grows in functionalities) and also it is not enough to store it, however, I love to use it as what it is in my opinion, a coin. It has a considerable value and it is improving and, in addition, its transfers are very fast and very cheap.

Bitcoin (BTC)

I'm not going to deny that I would like to have some Bitcoin (BTC) parked somewhere of course, but something that always bothers me about Bitcoin is when it comes to moving it from one place to another. The fees are very high at times and transfers take time. When I do business, I like to do it head-on and quickly. When it comes to money, no one has to trust anyone, which is why the dynamics of transfers are important. I cannot buy a product or service from you and pay you with a transfer that will arrive at some unknown moment in the next few days. That is not how things are done. And to top it all I have to pay 5 or 10% in fees, which is not feasible for many things.

Using BCH

I had already made Read.Cash withdrawals before, but I would always convert the BCH to BTC and then use it, because it was the currency that they basically asked me. But this last time I did it correctly.

I made a purchase of some internal Trust Investing USDT that I needed and when I did the negotiations it was part of the deal that the payment would be made in bitcoin cash. It was not a great feat either, the other person knew about BCH and uses a wallet with an exchange house, so it did not bother him in the least. However, what is significant is that, in my community, these types of deals are always carried out in BTC, dragging everything that implies.

However, with BCH everything went smoothly. I even had the luxury of doing the high priority transaction and it only cost me a few cents, nothing significant. Without a doubt, an amount that I gladly pay just to see the money arrive at its destination in less than 5 minutes. That is the way business are done, just the time to have a cup of coffee, hahaha.

Future

Although I already knew the advantages of BCH and had tried them, now I feel very motivated to provoke in my community, the community of members of Trust Investing in Cuba, a greater use of BCH for payments.

Among the Cubans who are in Trust Investing there is a lot of movement of money in cryptocurrencies. As Cuban banks cannot participate in cryptocurrency exchange houses due to the economic blockade of the United States and God knows what else, we Cubans find ourselves in the need to constantly sell cryptocurrencies to each other. It is a constant and growing market.

I would like to show everyone that it is easier, faster and cheaper to do all those market moves on BCH. It will be a long job, but I am sure it will be successful. After all, it's not hard to show that BCH is best for those everyday activities.

To begin with, from now on I will try by all means not to convert my BCH into any other cryptocurrency and convince others to accept it as the spectacular means of payment that it is.

I only count on the BCH that I have earned and that I earn in Read.Cash for that task, but it starts somewhere. Perhaps later I will tell you about my mission to standardize BCH as a common currency in my community.

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Thank you all…

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3 years ago

Comments

Many people feel the same way you do. They are blinded by BTC. But I am sure that the awareness grass of Bitcoin Cash will grow with time. Bitcoin Cash is nothing different from Bitcoin, just updated and better. It is a better BTC. It is only a matter of time before the BCH price overtakes the BTC price.

Read Marc's prediction https://noise.cash/post/lgzzgxm1

$ 0.00
3 years ago

Although it would be super cool to have an amount of money in a currency and that currency suddenly has more value and your money grows, in reality it is assumed that the coins do not vary so much in price. It is assumed that what varies in price are the products and services that you pay with the currency.

If we treat cryptocurrencies as collectibles, without spending them and letting them gain more value, they will never become a real currency.

Imagine at the beginning of the dollar and if people had saved it and not used it. Now it is worth more, but it would not be the prevailing currency because it would be like a collectible stamp, nothing more. Maybe even it did not exist because it had not achieved its purpose

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3 years ago

If we treat cryptocurrencies as collectibles, without spending them and letting them gain more value, they will never become a real currency.

That is what BTC is. A collector's item. That's why I think BTC will not prevail in the long run. That is also the reason why BCH adoption is very important. It is rising and it needs to rise even more. BCH has to be spent. You don't have to spend it all, of course. You also have to save, but BCH is there to be spent.

$ 0.00
3 years ago

We are both on point, all we need now is a lot of BCH, hehehehe

$ 0.00
3 years ago

I always bought in addition when the price dropped and partly spent as the price rose 😄

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3 years ago