Monday, October 15, 2018

How do we save the BCH community and their capital from a market crash? Would if be good if our community hodl stronger during a market crash then the BTC holders? Or should we advice people to exchange for fiat and buy back later?

In 2017, Bitcoin adoption started going backwards. Some big companies stopped accepting it. This should have lowered the price of Bitcoin but the opposite happened. It went from 1000 USD in 2016 to 20 000 in about 18 months.

Tether has been a big part in this. Tether until then only had printed 200 million dollars, in 2017 this went from 200 million to 2 billion. BTC was being bought with Tether, which meant that the USD price of BTC was now partially Tether. This crazy rally is what started a real mania, and seduced so many people to buy crypto. And for a while everybody was a winner. It did not matter if you bought BTC, which at that point had by far the most adoption. Or a coin run on 2 servers with zero adoption. The entire market got drunk.

Now are going to pay the price. I would say over 90% of people that started buying crypto around dec 2017 or later have lots at least 50% of their investment.

Most of us in the community want to see a flippening in price between BTC and BCH because BCH is the Bitcoin that was launched in 2009, not BTC.

So a market without Tether will be a market that is more free, but it will also mean a loss of capital in the BCH community as many of our people have their capital in BCH.

So should we advice people to stick it out? Which might mean the price of BCH will be under 500 USD or lower for the next 5 years (if we get a market crash).

Or should some people sell a part of their BCH and buy back later?

If BTC holders totally panic and start selling their BTC, it would actually be good if we keep holding.

There is still the event coming where Bitmain is going to launch their new miners, which all BTC miners need to buy. (no exception) They could only accept BCH for it, which means BTC will get sold for BCH to be able to get these miners.

Then there is the hard fork coming up. It looks like we are going to have a critical time for BCH. We got to get some smart people to figure out ways to get BCH on top.

A no brainer is probably to try to only trade on BCH friendly exchanges like coinex and voltaire.cash.

If we get a flippening and BCH is now 100 USD, while BTC is 10 USD. THat would be the best thing ever I think.

One think is clear. After a big market crash, we might have 3 - 5 years of relative stable prices. And this is good for a money. BCH is a money. Price stability will be something that will really help adoption.

Let me know your thoughts!


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