In this article I want to bring you some thoughts that came to mind, along with an explanation and a theory!
What makes Bitcoin a mega cryptocurrency?
- Firstly because it is decentralized and secondly because of its large capitalization.
For those who don't know me, nice to meet you Lucas, here I come to plant a seed in your heads so that you can think about the future for yourselves.
Years ago, let's say 15 years ago, we didn't have a scenario where BTC would be today.
And what I come to bring here is in the same situation that BTC found itself in years ago.
Have you noticed that in some places you can already pay for your purchases with Bitcoin? Now imagine going to the bar or supermarket near your house and buying your products with Bitcoin? Well, it is a possible reality, but it is far from happening!
Today we find ourselves in a scenario where most people do DayTrades with the intention of obtaining a certain percentage of profit in their currency of origin (their country's currency) and living like that for the rest of their lives.
While others think about investing in the long term, so that in a few years, they can convert this cryptocurrency into their original currency (their country's currency).
But now come on! What if Bitcoin is the next tradable currency? What would it look like?
Firstly, with the mentality that is used today, this reality does not exist, but that is where Bitcoin Cash comes in.
For those who are Brazilian, you may have heard of Daniel Fraga (The man who won the state) - For those of you who are from another country, you may have never heard of him, but in short (First Brazilian to talk about Bitcoin in Brazil and invest all his assets in it)
Today I was watching some videos on YouTube. I saw that Daniel Fraga left a link on his profile years ago about Bitcoin Cash, and I found myself thinking.
Did he exchange all his Bitcoins for Bitcoin Cash? But if he did, why?
Since he believed in the appreciation of Bitcoin and its decentralized idea and even in being the next internationally tradable currency.
That's when I came to a conclusion after reading this AI-generated article
Bitcoin (BTC) and Bitcoin Cash (BCH) are two cryptocurrencies that emerged from a fork of the Bitcoin blockchain in 2017. Here are the main differences:
Fork Motivation
1. Scalability: Bitcoin Cash was created to increase the block size limit, allowing more transactions per second.
2. Transaction Fees: BCH aims to reduce transaction fees.
Technical Differences
1. Block size: Bitcoin (1 MB) vs. Bitcoin Cash (8 MB, now 32 MB).
2. Consensus algorithm: Both use Proof of Work (PoW), but BCH uses a faster algorithm.
3. Mining difficulty: BCH adjusts mining difficulty every 2016 blocks.
Practical Differences
1. Transaction fees: BCH offers lower fees.
2. Confirmation time: BCH is faster (about 10 minutes).
3. Adoption: BTC is more widely accepted.
4. Market value: BTC is significantly higher.
Other Differences
1. Security: BTC is considered more secure due to its larger mining network.
2. Development: BCH has a faster upgrade cycle.
3. Community: BTC has a larger and more diverse community.
Fork Impact
1. Creation of a new market: BCH created a new market.
2. Diversification: Offers alternatives for investors and users.
3. Development: Stimulated innovations on both platforms.
These differences reflect distinct philosophies on scalability, security, and usability. Bitcoin focuses on security and stability, while Bitcoin Cash prioritizes scalability and low fees.
Thought the same thing?
Next, Bitcoin Cash was designed for a future that doesn't yet exist, where millions and millions of people would be transacting at the same time, a world where Bitcoin Cash is the next tradable currency.
Imagine Bitcoin as if it were like gold. You are mining it and investing in it.
However, in a few years, you will have to convert it to Bitcoin Cash to be able to make purchases and exchanges much faster and at much lower costs.
Through this article I want to tell you! Invest in Bitcoin Cash!!!!
I'm not saying that in a few years it will be worth a lot of money, as there are many barriers to that happening.
But expect a large percentage increase in its value over the long term.
The world where it will be easier to convert your cryptos into Bitcoin Cash to make purchases, buy your car, your house, your trip, among other things.
But for that to happen, we will probably need “something” like a world bank, I don’t know how to describe it! Unfortunately…
To finish!
Keep investing in Bitcoin!! But also invest in Bitcoin Cash!!!
and
I would like to take this opportunity to tell everyone to also invest in Solana and XRP, think long term, where at some point you will convert them into Bitcoin Cash.#BitcoinCash