Many people in this space seem to think a lot of these old coins are dead and find them overall quite boring, This is one of the cryptos that's here to stay and is already being adopted as money in many countries that are not as privledged as the western world, Yes that's right step outside your little bubble and throw away your security blanket and you quickly realize this already has a utility...and guess what the people using it don't hear/care about the outside opinions - It's solving a real problem for them. When people are forced to opt out of the fiat money system and looking for a peer to peer electronic cash that's actual hard money there is only a select few in crypto that tick that box, Tribalism won't win long term in any network and we're heading into a future where multiple networks can thrive.
Ok outside of the fundamental view above I think we have 1 more low to make here around low $300s~ area...can we go much lower? sure but if you're not using leverage and are a responsible functioning adult who has patience and can buy/hold spot it's a pretty easy game here.
My strategy is to buy all the way down which if I end up terribly wrong I'll still have 2-3 more buys to average down, The only way I see myself losing here is BCH dies/goes to zero which I find very unlikely.
Ok outside of the fundamental view above I think we have 1 more low to make here around low $300s~ area...can we go much lower? sure but if you're not using leverage and are a responsible functioning adult who has patience and can buy/hold spot it's a pretty easy game here.
My strategy is to buy all the way down which if I end up terribly wrong I'll still have 2-3 more buys to average down, The only way I see myself losing here is BCH dies/goes to zero which I find very unlikely.
Comment:
1st buy in $360~ area
Comment:
closed at $390~ will reassess, Does not feel like we're near a bottom yet.