Many coins are very silent in the market but year after year have been showing some improvements in price. I don't know what hot projects we have on BCH but from what I noticed, once it used to be a highly rewarding blockchain because people were able to make money from read.cash and noise.cash. Today I'm not sure if there are any other avenues to earn BCH. I still try to contribute to read.cash whenever possible and a very tiny amount of BCH drips to my wallet.
Today I was checking the value of some of the coins and how it was performing in the last bull market. I noticed that the price of BCH went as high as 2k$ per coin in the last bull market. This is a very great thing and of course, it was not the best time for BCH alone but many such coins had a great bull run during the market peak. I don't know when we can expect a similar bull market. It was expected to happen after the Bitcoin Halving event but it hasn't happened yet. There is also a fear that we might end up getting a recession next year. We cannot say anything for sure.
Why I love BCH?
One of the biggest reasons why I love BCH is because the adoption is high. Wherever there is BitPay, we can use BCH to make payments. I have had one of the best experiences with payments with BCH. The only problem with BCH payments is that it takes a lot of time to get a confirmation on chain. But the payment experience is very good and it is pretty much instant in providing a seamless experience. Most of the time when the transfer happens it will immediately move to the other wallet but only on the chain it show as waiting for confirmation.
Some apps wait for the confirmation to happen and only then do they credit the amount to us. I use BCH to purchase or renew domains on Namecheap and that is one of the places where this delay usually happens. Sometimes the funds get credited only after one hour. If we are okay to wait and see the funds credited, it shouldn't be a problem at all.
Another reason why I love BCH is because the transaction fees are very low. Of course, we have blockchains like Hive that have Zero transaction fees but next to that BCH is good for micro-transactions and it is also very easy to create a wallet. I still hold my XRP in my exchange wallet. The reason is because I don't know how a wallet can be created. But BCH is very good in that aspect, we can easily create a wallet and maintain our funds directly on a chain in a secure way. Sending the funds from one account to another account is also seamless. This is a wonderful thing.
Hopes on BCH
I'm holding some BCH in my account that I had been holding from the old noise.cash times. Sometimes I use some of my funds to pay domain charges and keep the remaining. It is so tempting to purchase more BCH when the price is low right now. But hopefully, I do it at the next opportunity. We cannot purchase BTC at this price but some altcoins like BCH are good for investment. Who knows if the price of BCH hits 2k again, it would be a great opportunity to sell it and book some profit.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
 |
 |
 |
Posted Using InLeo Alpha
