Bitcoin cash has never been a coin where profit maximization is the number one priority. If that is your goal, please go somewhere else and post your moonlambo memes.
Let me explain.
Bitcoin cash, is, first and foremost - Cash! This means it is designed to be used to spend effortlessly with low transaction fees. IE to buy a coffee or a beer at the local pub with your jolly ole mates.
Coins that go up in value have the tendency to go through deflationary spirals - cycles where the currency is hoarded and not used to make transactions. This is bad for Bitcoin cash as it means less coins in circulation used for their main purpose: to spend! Bitcoin cash is global and there are over 8 billion people on this planet. If the price gets too high, many if them will be intimidated from using Bitcoin cash (if they don't know about divisibility).
So don't despair if your Bitcoin cash does not go up. It works perfectly fine as it's intended use, so go out there and spend it and buy your friends a round of drinks. The tech works, there should be no higher goal of making profit, and a lot of places accept Bitcoin cash.
You did it! Now go out there and enjoy the technology! What are you waiting for?
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from Bitcoin - The Internet of Money https://ift.tt/2OzWBL7
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