Create account

11d
Finally, BCH is climbing a bit.
replied 11d
I am actually more interested in when we reach 100k transactions and active addresses per day. But perhaps the rising price will attract FOMO's to BCH and increase the number of users.
replied 11d
What is the usage at the moment?
replied 10d
During the forks usage has fallen sharply and is now slowly rising again. At that moment about 60k act. addresses and 20k Tx per day.
replied 10d
The fire rises.
replied 10d
The problem with forks is that many services and exchanges suspend the deposit and withdrawal of BCHs. It takes some time for everything to return to normal. Then it must continue to
replied 10d
| rise. Maybe we can reach 100k at the end of the year.
replied 10d
Just start calling it a store of value and retard money will flow in. You ancaps will be rocking fountain pens and members only jackets overnight.
replied 11d
I do want to see BCH in 3rd again though, where it realisticly should be.
replied 11d
CMC is bullshit. Forget it. The market capitalisation is completely fictitious. Of the 16M BTC addresses probably more than half is lost. For the other coins it is similar. The only
replied 11d
| thing that counts is the usage.
replied 11d
Ideally yes. Although that would make BTC a sub $100 coin and BCH virtually worthless.
replied 11d
Sooner or later there will be flipping l. BTC will become worthless and BCH will go to the moon.
replied 11d
Short of retail and users coming to BCH, there is nothing to cause that to happen. Merchants are still not interested in accepting it on a large scale, users not interested in buying.
replied 11d
In industrialised countries there is an adequate infrastructure and people are willing and able to pay high fees for credit cards and banks. This is not the case in the Third World.
replied 11d
| This is the market for BCH
replied 11d
replied 11d
As much as we have the capacity for usage, we are a horribly underutilized coin.
replied 11d
Yeah, that's right. Usage must increase. I think that it will take another 2 to 3 years until BCH overtakes BTC in use.
replied 11d
The main vein of the problem remains that for commerce, hardly anyone is switching from fiat to crypto.
replied 11d
The entire Third World and Africa in particular is a huge market for BCH. The future lies there. They have weak currencies, few banks, few ATMs, high fees. For the Third World, BCH is
replied 11d
It would be, if people could buy any there. From what I understand it seems exchanges are a pain in the ass, governments are pissed at it and in person exchanges are risky.
replied 11d
You can buy BCH in many third world countries. I have contact with people from Nigeria, Venezuela and the Philippines. They can buy BCH. Nigeria alone has more than 100 million
replied 11d
Then why haven't they, despite their currency struggles?
replied 11d
It takes time for people to learn BCH. Therefore I expect 2 to 3 years. Maybe even a little more.
replied 11d
If people don't have the internet to learn about BCH, how do you think they will have the technology needed to transact with it?
replied 11d
Elon Musk has sent satellite into space to provide free internet to everyone all over the world. Have you not heard of Starlink?

https://en.m.wikipedia.org/wiki/Starlink
replied 11d
Of course I have, and it's not free. Neither is the Dish or the computer needed to connect to the network.
replied 11d
These are current costs. When mass production begins, neither the costs fall. Moreover, with a WiFi router, the device can provide Internet to several households, which will reduce
replied 11d
| costs. For the end user, a smartphone is sufficient. Many people in Africa have a smartphone. In 3 years there will be many more. The development is unstoppable. Twenty years ago,
replied 11d
| the Internet was also expensive in the industrialised countries.
replied 11d
The dish alone as of right now is $499.
replied 11d
| inhabitants.
replied 11d
Plus, you know the whole 3rd world not having a lot of money. Craig Wright has more money than the 3rd world remember? lol
replied 11d
Do you really think that all those millions of dollars are trapped in BTC? That's a CMC lie. In all Cryptos there are much much less USD invested than it seems. CSW may have a lot of
replied 11d
| BTC and BSV, but not USD. If he sold his BTC, BTC would fall to $1.
replied 11d
| a blessing.
replied 11d
BTC is still the go-to-coin for darkweb markets, where arguably the most "consumer" like usage even occurs.
replied 11d
Dark web is not the target market for BCH. BTC should remain a criminal coin for all I care.