Photo by Jonathan Borba from Pexels: https://www.pexels.com/photo/gold-bitcoin-coin-and-cash-14902702/
This article is inspired by @bradleyarrow and @bbh from this article here https://ecency.com/hive-167922/@bradleyarrow/rvizmzeq#@liquidocelot/re-bradleyarrow-2023719t214132529z
Introduction
While the name suggests that Bitcoin Cash (BCH) https://leofinance.io/@leoglossary/leoglossary-bitcoin-cash-bch will become worthless, that isn’t necessarily true. A thing only becomes worthless when it becomes of no use at all, and BCH can still be used for purchases, which means that it won’t become worthless in that sense. However, BCH will only become worthless when it can no longer make any purchases because price https://leofinance.io/@leoglossary/leoglossary-price increases are bad if they are not positive for the consumer. The good news is that those who hold BCH shouldn’t care so much about its price because it isn’t its sole purpose.
What would make BCH useless?
Bitcoin Cash can be used to buy goods and services from a variety of retailers and vendors, as long as they use BCH. If the price of BCH increases, it is for the good of everyone Holding BCH will attract more people to invest in it. It doesn't matter how much it costs if Bitcoin https://leofinance.io/@leoglossary/leoglossary-bitcoin can still make purchases. The only way Bitcoin cash will be worthless is if it can no longer make any purchases and becomes useless.
What makes BCH valuable?
Bitcoin cash is valuable because it has the capability to make a purchase. It can also be used to purchase Bitcoin and other altcoins. BCH will only become worthless when it can no longer make any purchases because a thing only becomes worthless when it becomes of no use at all. If the price increases, it is for the good of everyone Holding BCH but we shouldn't care so much about the price because that is not its sole purpose.
Why do people think BCH would be worthless?
People think that BCH will become worthless because it has a small market share, but there is always room for smaller coins. Some people believe that it will become worthless because the price per coin is too high for smaller purchases, but this is not true. Even if the price increases, it only means that more people are holding and using the currency which would increase adoption and make it more valuable. It cannot become worthless when there are still so many stores that accept it. BCH can never be worthless because the limited supply makes its value go up over time which makes it better than fiat currencies like USD or Euros which devalue over time.
Conclusions on why BCH will never be worthlessness
One of the conclusions that can be drawn is that Bitcoin cash will never become worthless because it has other uses. Bitcoin cash is used as a form of currency https://leofinance.io/@leoglossary/leoglossary-currency or to purchase https://leofinance.io/@leoglossary/purchase goods or services and as long as people are using it, it cannot become worthless. Another point is that Bitcoin cash prices vary in relation to their utility or value. When there's a high demand for Bitcoin cash, the prices will rise. But when there's little demand for Bitcoin cash, the price will drop. And finally, the main point: bitcoin cash will never become worthless because we need a way to spend our money and if one doesn't exist, then we would have an economic crisis on our hands.
This article was originally published on https://read.cash/@LiquidOcelotYT/why-bitcoin-cash-will-never-become-worthless-cb6d732a which is legally my content 9 months ago but I feel it still holds value till this day.
Posted Using LeoFinance Alpha
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https://leofinance.io/posts/anomadsoul/curation-on-leo-finance-threads-outreach
I will do after my blacklist appeal is over as decline payment didn't work for me posting via leofinance.io this might cause me issue with my appeal with @hivewatcher I think six days or five that depends remains in appeal process
Bitcoin cash, this is my first time to hear about it. If they actually want it to thrive, let the fiat be of different grades. Small and big
It is already thriving especially when BCH powered platforms like cashrain exists which has been a constant source of my earnings for over 6 months now if you are interested you can find more information about it in my guide about it -
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Thank you so much for the update @hivebuzz
OMG @hivewatcher while posting this via leofinance.io i declined payment I am sorry this is not my mistake.
awesome !BBH #bbh
@liquidocelot! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (26/50)