Selling all of my BCH
After being a long term holder and onboarding a few merchants I am exiting bch. I believe fundamentals are useless if there is no advertising. Marketing is a very important tool to sell an idea without that no matter how brilliant an idea is its worthless. The only time an idea can be successful without marketing is if it opens miraculous possibilities, that people thought would’ve been impossible before. For instance, no one would’ve thought that you could buy drugs, fake government documents online AKA Silkroad that gave Bitcoin its first use case. BCH doesn’t have that. All BCH is trying to do is replace FIAT, which frankly is very far fetched and the world isn’t ready for. The irony is that you can’t even buy BCH from an exchange or website without KYC. In the long term fundamentals outperform marketing. However, that takes decades. For example, Adison’s DC and Tesla’s AC.
People on this sub like to brag about bch is the most utilized coin by physical merchants. Just because someone accepts bch doesn’t mean it is utilized there has to be people also willing to trade goods for their bch. That brings me to bch’s transactions. The only top 15 coins doing less transactions than Bch is Doge and ADA. Every other coin has more transactions than bch.
Hashrate of bch is 1% of Btc. The volume is awful if you take out the fake volume from coinflex. Due to lack of liquidity the price has massive volitility and such heavy drawbacks after small pumps.
My average cost of bch is $220. The amount of opportunities lost due to it is insane and I would like sell this shit while I still am in profits.
I will enter bch again when the bch holders are done “building” and finally ready to make some money and when I see reversal in trend and marketcap.
Thanks.
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