bitcoin cash bch

A Case for Bitcoin Cash (BCH)


                Tell me, how many times have you tried to get your friends, family, or colleagues to become interested in cryptocurrency? Of those times, have you helped them download a wallet onto their phone, to show them how easy it is, without ever having them be required to enter an email, username, or password? All of things about cryptocurrencies that sound so exciting and fun are the reason why we are crypto maniacs. But what about the new guy who wants to dip his toes into the crypto waters, so to speak? The joys and excitements we have about crypto can easily come crashing down when the first $20 we send to our friend turns into $12 after Bitcoin (BTC) has its ways with our money in the form of fees, and then our friend’s $12 turns into $4 when he tries to send it back to us or to someone else.

                Let’s rewind to 2017, when BTC underwent a famous hard fork, or deviation in philosophy, mechanics, and blockchain. There are a plethora of reasons why this happened, but one of the great things that came out of the new and improved blockchain was BCH, or Bitcoin Cash. BCH purported a variety of changes, one of which was a miniscule fee schedule. One can send small or large amounts of Bitcoin Cash anywhere in the world for the cost of pennies. This, alone, should tout the strengths of BCH, and while we do not need to talk about the weaknesses of Bitcoin (BTC), there are plenty of great things to enjoy about Bitcoin Cash.

                First of all, Bitcoin Cash is not associated with Bitcoin in any way other than it forked off of Bitcoin. That, and the name Bitcoin Cash contains the word Bitcoin… but the similarities end there. Let’s take a step back as we explain Bitcoin to our curious friend above. Let’s say we send our friend 20 BCH. He’ll end up with $19.9999 or something very similar. How’s that for an introduction to a cryptocurrency? Much more encouraging, I’d say.

                Bitcoin was a fantastic start to the cryptocurrency world. And today, it remains a strong bulwark against fiat inflation and destruction. But technology progresses, and BTC doesn’t need to be the only currency you use. BCH is here to stay, it’s price is cheaper than BTC, it’s quick to transact, and its fees are miniscule. There are few reasons not to use BCH. If there comes a time in the world where we are paying for goods and services with cryptocurrencies on a large scale, I’ll tell you for sure I’d hate to buy a bottle of water for $2 and spend $6 to make the transaction. I think you would, too.

                I’m not here to talk about the downsides of BTC, I’m not here to discourage you from buying or selling BTC, and I’m not here to say BCH is the best thing in the world. My goal today is to encourage you to explore BCH as an outstanding alternative to BTC. Get excited about it and as always, do your own research before entering any investment opportunity. None of this is meant to be any taken as any investment advice. Do your own research, go forth, and prosper (with lower fees!).

None of what I've written is intended to be taken as financial advice. I do not currently own BCH. If you have found this helpful in any way and wish to buy me a cup of coffee, I'd appreciate that!

ETH: 0x15C8Aa76739606330A51DAf5873CB32C262805e9

BTC: 3Ge14EwcUKfTC9aT1Ge3dYr7i9p4eL5dYu

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Cryptonia

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