The Bullish movement of Bitcoin Cash has been very slow. Everyone in the BCH community loves when the price goes up. However, daily price fluctuations are not what contributes to the value, but the long-term utility. Any cryptocurrency which makes the lives of people easier will definitely win.
Roger Ver recently tweeted: “The functions of money as a transmitter of value through time and space may also be directly traced back to its function as a medium of exchange. To be a store of value, Bitcoin must be cash. #BitcoinCash.”
While there are arguments from Bitcoin puritans that the Bitcoin is the original, there are those who are constantly thinking and figuring out methods to accumulate more of Bitcoin Cash. This, they do in addition to keep pushing themselves to learn more about the blockchain technology backing BCH, which is indeed deep.
Some clarify that even if Bitcoin is the longest-running and most secure blockchain, there are more and more values that get created on it in the likes of lending and saving platforms. Therefore, they state there is enough room for BTC and BCH to co-exist in the cryptocurrency space harmoniously.
Sydney Ifergan, the crypto expert, tweeted: “Of Course, BTC and Bitcoin BCH like what many say will be able to co-exist, but it takes some out of the box thinking to survive and differentiate. A lot of towing and plowing will be needed for any kind of survival.”
After the hash rate decline, there is a contra opinion. Many opine that the idea of BCH working as money, as being an idea alive only in the BCH mining circle and community. Many say BCH is like a club membership. They do not agree that it can be the cash for the world at large!
Bitcoin Cash (BCH), according to many, is just a method to update and upgrade the old Bitcoin.
Maybe a lot of forward-thinking is required. To propel the BCH to decent usage to be of worth to the investors and the community.
The success of the BCH is only when it sustains the confidence of the community. It is not unusual for the price trends to fluctuate, but it takes resilience and some solid strategy to what the world calls proving and putting oneself to the test to win – the ultimate win.
The value and the hash rate keeps telling a different story, and it is high time the community rewrites the fate of BCH.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
Get the latest Crypto & Blockchain News in your inbox.
