Question What You Can Do For Bitcoin Cash

1 56
Avatar for zhoutong
2 years ago

Will price of Bitcoin Cash evaporate completely and be traded at two digits?

I don't understand why price of BCH has to be dragged so much and follow Bitcoin in such a contrary trend. Charting is all off, and looking at how the market reacts lately, it seems BCH will just keep dropping no matter if Bitcoin finds a bottom.

What price we can expect and how can this change? Is everyone in BCH just selling and abandoning ship, and why do that now? Price was 700 dollars only two months ago. Now it crashed to $265!

We hope that Bitcoin Cash will recover from this, and it will do that with the smartBCH network. It was going well for a while, but the market is doing awful and pushes everything down.

We all love advanced technology and despise regulations but those wanting the prices higher were also in favor of regulations and oversight by governments.

What did they achieve except passing everything at the hands of governments. Now any time a government has internal problems it finds an enemy, a scapegoat in crypto.

Some say it is all about an escalation at the borders of Ukraine with Russia that pushed the prices down in stocks and crypto. Is this it? Others tell it is Putin and a decision on banning crypto. Previously it was Kazakhstan that decided to increase energy prices for crypto miners after their exit from China.

But Bitcoin Cash is caught in a difficult pattern and making new lows every few weeks.

As I see this, Bitcoin Cash is concentrated and needs to be dispersed more. A distribution channel is Read.cash, but there is a problem with accumulation. Some top writers clearly state they sell all their BCH and withdraw fiat money to support their way of living, some even build a house or a farm and advertise it. I am against this kind of transaction and don't think it supports Bitcoin Cash. One guy even made a flipstarter asking for donations to finish a house he started building.

Of course material and cost to create a house in parts of Africa is way lower than a country that is developed, and those that wrote about the food they bought and how they bought gifts and all, they didn't buy with Bitcoin Cash, they sold their Bitcoin Cash first in an exchange and did their part in the constant price rejection.

At least they could be honest and explain they now don't hold any BCH, but they sold already 30 or 40 BCH in the last year. Some hold, and they deserve praise, and nobody will blame them or feel embarassed if they lost money in the last few days.

I hold a few too, and feel the pain they are feeling. But the same pain is not shared with those claiming to help, but never really held on Bitcoin Cash.

I hope to see better behavior from all, otherwise we don't go anywhere. Sad to see many consider Bitcoin Cash a job and just keep farming the websites that offer to them.

You still haven't understood crypto is the entry point to prosperity or how to achieve it, but you are only looking with a mind of grabbing whatever is offered and selling it immediately for cash. Price didn't crash because of you, but it would be more inspiring if you shown a wallet with 10 or 100BCH after a year or so.

When people tell you to spend Bitcoin Cash, they don't mean to sell for fiat and then buy useless items. They mean to use some to do your groceries and make payments with Bitcoin Cash. Ask those that demand payment to accept BCH, help them download a wallet, tell them how to sell to fiat if this is what they want, what matters is to make the payment with Bitcoin Cash not to visit an exchange and sell everything you hold.

Again, I don't blame those selling their BCH made from Read and Noise. If you held and presented the images of your payments instead, this is how Bitcoin became known to everyone. Not by selling in an exchange at any price we get.

Even so, if you plan to sell, hold when prices are cheap, accumulate, do your part in explaining it is time to buy and to keep accumulating.

This doens't go anywhere if we don't get a community of hundreds doing that, accumulating, and use it, but not to dump 0.1BCH at $ 300. What are you telling to others is you don't believe in BCH and you simply can't hold any investment in it.

Motivate others to accumulate I have seen only a few doing that, while far too many are just expressing joy when they receive tips but also sell them and hold nothing back. I know Club1BCH is helping in this with the idea to hold 1BCH at all costs. It is a good start, and perhaps make it more. 10BCH as a target why not. And as prices drop it could be even more perhaps 20BCH or 100BCH with enough time. Don't need to hold all the BCH but this is all from your internet time. Others play games, why not create a culture of accumulating and using BCH when we can?

6
$ 6.60
$ 6.33 from @TheRandomRewarder
$ 0.27 from @Telesfor
Sponsors of zhoutong
empty
empty
empty
Avatar for zhoutong
2 years ago

Comments

That's great..what can we do for Bitcoin... really Bitcoin is helping for everyone ans offer an amazing job ...we can't do more for it infact by using it can spread the importance of Bitcoin...its the little help bu our user side..

$ 0.00
2 years ago