The reasons I started investing in Bitcoin in 2011 are the exact same reasons I’m investing in Bitcoin Cash today. Securities laws are outdated. Needing a license to issue a security token in 2021 is just as dumb as needing a license to setup a website in 2001.
It took about a decade for crypto to grow to a market cap of $1 trillion, but took just one quarter to add another trillion. Soon everyone will realize that the one megabyte block size limit on BTC was a mistake. Once everyone realizes it, everyone will pretend that they knew it the whole time.
Rather than following sheep, think for yourself. When you give people freedom, you don’t know what they’ll do with it. Utility trumps speculation in the long run. That’s why Bitcoin Cash (BCH)
BCH Community members are like: Most people are storing cash because they can’t store gold. But now they can store BTC easily. That’s why I think that market analysis is many orders of magnitude wrong. Still like BCH vision as a day-to-day transactions network. Still a big market but smaller than BTC.
BCH upside potential far bigger when you look at the goals and targeted markets. Bitcoin Cash is the next phase in the evolution of money.
Cynics like: Who would want to use Bitcoin to pay for anything right now anyway? By the time it has reached hyper Bitcoinization there will be plenty of fast layer 2 solutions. It was a dumb idea to fork.
I still don’t know why you still cling to the notion that for some reason BTC is speculation while BCH is not. They are both speculation if anything, just one is much more favored by the sphere than the other.
The reasonable man adapts himself to the world. The unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.
BCH is for commerce. Venezuela is the country in crisis with the highest inflation causing Venezuelan families to work for a salary of only $ 2 a month and the country is now in poverty. As inflation increases local currency, Venezuelan Bolivar Soberano is losing value making purchases difficult.
Bitcoin Cash is advancing step by step in Venezuela and businesses are adopting to accept it as a means of payment using wallets as a way to pay. This has been made possible due to education. Several entrepreneurs are beginning to use it.
Get the latest Crypto & Blockchain News in your inbox.