Reasons why I hold Bitcoin Cash and will continue to hold
There are only a very few coins that I hold outside Hive. One important coin I hold is Bitcoin Cash. I have been holding this for a few years now. From my research on Bitcoin Cash, I found out that the blockchain is good for future investment and those who are not holding any Bitcoin can have this as a good hope and hold them.
I wouldn't say that Bitcoin is not a good investment but the price is not affordable for many people. Even for small investors the gas fees or transaction fees are very high and we might end up losing a lot when we do smaller transactions. That has been the case with Ethereum too. People cannot do microtransactions with Ethereum. I see that as a big failure and that's one good reason why we started to have many Ethereum clones with affordable transaction fees. But none of these blockchains can come near the fee-less transactions we have on Hive.
How I got into Bitcoin Cash
This happened to me through Noise Cash and Read Cash. I started using those apps for a blogging and micro-blogging experience. I must admit that those two places were awesome and many people only learned about Bitcoin Cash through that. I have had experiences where the transactions through the app were also seamless giving a good user experience. I think user experience is what matters when it comes to crypto adoption.
Later I decided to hold whatever I earned from those platforms. I have a decent amount of BCH with me right now and I'm waiting for the next bull run to happen to see a good movement in the price of BCH. Last time the price was over 1000$ if I remember right. I'm expecting the same thing next bull run too. Let's hope for the best.
Cheaper and faster transactions
This is one of the attractive features of Bitcoin Cash. I live the experience the mobile application provides. Bitcoin.com is the mobile app that is used for this if I'm not wrong. I have done some transactions with the app and the transactions are cheaper.
The main reason why this came into existence was after seeing the waiting time Bitcoin had and the cost it took to do some transactions. It was a clone of Bitcoin with this feature introduced to make it better. With Bitcoin Cash, we can do seamless faster transactions for a cheaper transaction fee.
Helps in making payments
I have been using Bitcoin Cash as my payment method for quite some time. I have been paying my domain charges with the help of Bitcoin Cash through Bitpay. Namecheap supports paying with cryptocurrencies and Bitcoin Cash is one comfortable option over there. Today I had to renew one of my domains and I used Bitcoin Cash to make the payments because Namecheap was supporting bitppay and BitPay was supporting Bitcoin Cash.
Does well during bull run
As mentioned earlier, during the last bull run the price of the coin hit 1000 $ and gave a good feeling to many people holding BCH. Noise Cash was one great app but after they made it not rewarding, many people quit. I'm planning to increase my BCH holdings a little bit more because it is easy to keep it in a wallet and use our mobile app to manage that. Maybe if the price of BCH improves in the next bull run, I can book some profits.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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I am a big fan of BCH. They were the ones that kept the true peer to peer cash thesis that Bitcoin was originally about. Call me a big blocker I suppose, lol. Just not BSV, haha.
Yeah true. I'm planning on increasing my BCH holdings even further.
I hold all the earning from read.cash and noise.cash for a long time and luckily I sold most of BCH in 1200-1500$ range. I think I was lucky in that case because I did it without any kind of analysis. Lastly I used those asset to buy some other crypto and those things gave me huge profit also. In the the current mobile phone I am using was bought using the money of selling BCH🤗.
This is very good. I have been holding it since then. I hope there are more income streams for BCH. I'm sure you are definitely lucky to have sold it at that price.
Certainly! Here are several compelling reasons why you might consider holding onto your Bitcoin Cash (BCH) and continuing to invest in it:
Market Capitalization: Bitcoin Cash is among the top thirty cryptocurrencies in terms of market capitalization, with a value of approximately $6 billion. Its popularity and widespread adoption contribute to its stability.
Riding on Bitcoin’s Popularity: As a hard fork of Bitcoin (BTC), Bitcoin Cash benefits from the recognition and trust associated with the original Bitcoin. It inherits some of Bitcoin’s features while addressing scalability issues.
Backed by Notable Investors: Several prominent crypto investors support Bitcoin Cash. Their confidence in the project adds credibility and encourages long-term investment.
Increased Investor Interest: Bitcoin Cash has seen a rise in the number of investors. This growing interest indicates a positive outlook for its future development and adoption.
Practical Use Cases: BCH has practical applications beyond being a store of value. Its faster transaction processing and lower fees make it suitable for everyday transactions.
Perceived Safety: Many investors consider Bitcoin Cash to be a safe investment within the volatile crypto market. Its established history and community support contribute to this perception.
Stable Growth: Bitcoin Cash has demonstrated consistent growth over time. While all investments carry risks, BCH’s track record suggests resilience and potential for further appreciation.
Remember that investing in cryptocurrencies involves risk, and it’s essential to do thorough research and consider your own financial goals before making any investment decisions. 🚀💰
Very good collection of references. Thanks for sharing.
I have no idea about Bitcoin Cash but and hope you get a good profit with this coin in the bull run.
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I will really recommend anyone to actually get any major crypto and hold for the future
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I was also a member of Read cash and Noise cash. That was when I heard about BCH and had so much interest in it because the transaction fee is very low
I love it that way
Transaction fee being low is the major selling point.
I think this is the right time to start investing in coins and holding as much as possible
Even though BTC is pumping, alt coins are just starting to rise. So still a good time to invest.
Mene bhe try kra tha waha , par kuch earning he nahi hue 😬
Bhai you were a little late to the party. I was also a bit late but was able to make a little. Then later they stopped rewarding.
Im quite interested in checking this out. Especially the micro logging platforms mentioned. Thanks for sharing
Those platforms are not rewarding anymore. Hopefully there is something new.
This coin is very good and has a lot of eyes on it and we will see its price go up a lot in the near future like it did in 2021. Who has shared all his stuff with us, has added a lot to our knowledge about this project.
Yeah I'm having great hopes in the coming bull run. Let's see.
Hope so.
Bitcoin cash is a good holding coin.