As the crypto market is starting to take off as a result of banking uncertainty it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash.
https://www.tradingview.com/symbols/BCHBTC/
It’s kind of annoying but it allows BCH users to continue accumulating at cheaper prices.
I bought gold as protection against banks and inflation for the last 20 years, but now I have to admit that bitcoin is a better form of money than gold. I now have a 50/50 exposure to gold and BTC. I wouldn't be surprised if over time bitcoin will take over my entire portfolio. It has been difficult to convince other gold bugs that they should at-least buy some bitcoin. And these are the people that understand sound money and why we need it. It is even harder to convince my friends and family that don't understand money at all and are still living the fiat experience.
A few things with gold that I have always struggled with for the last 20 years, and that bitcoin fixes almost like magic:
I've been trying to raise these points to my fellow gold bugs for some time, but the hate towards Bitcoin is real. Something new is unfortunately always treated as a tread. But in time I'm convinced that the best money will win.
This is the first time (I think! someone please provide a counterexample) that bitcoin has absolutely rallied while the rest of the economic universe teetered on the brink of financial calamity.
It makes complete sense: the Fed and the Treasury are being forced into expansionary policies in the midst of the worst inflation we've seen in fifty years.
There is truly no way out: raise rates and banks collapse because they hold long-term bonds with much lower rates that they can't liquidate without massive losses. Lower rates and print money, and hyperinflation consumes every crumb of economic output.
This is the perfect storm that bitcoin was created to address. It doesn't fix the problem, but it offers a life raft to anyone who cared enough to consider it with an open mind.
Bitcoin is still in its infancy, and we are living in historic times.
Protesting in the street shows your collective disgust with your government's recent unilateral actions.
You are to be applauded for your engagement with and attention to such matters. A government should fear its people and not the other way around (as things stand today in many parts of the world). Being from the US, I'm sad to say that the people here would rather fight each other over stupid (highly engineered) wedge issues than the real enemy. The ones who hold us and the products of our collective labor captive have designed a very effective cage with many tantalizing distractions indeed.
Don't get me wrong - public protests have a place and are important. But they also disrupt your lives and the lives of your family, friends, and countrymen.
In the end, the chances of a public protest overturning or convincing your country's policy makers is minimal. It also opens you up to the potential for real harm at the hands of the elites' police and/or military. Governments are beholden to those that keep them in power. These are the same people that seek to rob you of the fruits of your labor and (in this instance) want to force you to work and generate yield for them until you die.
Consider an alternative.
Buying bitcoin is peaceful. It doesn't disrupt your life or the lives of those around you who suffer along side you. The only people it harms is the elite fiat cartel that enslaves you. Will they still be rich in a bitcoin world? Absolutely. But the rules will change. They will be forced to play by at least some of the same rules as the rest of us. Bitcoin is rapidly becoming the only tool left against tyranny.
So go ahead and protest. I am too. I buy bitcoin to hopefully slowly and steadily starve these parasites into oblivion.
Vive la France. Liberte, egalite, fraternite toujours.
BCH is now at it's lowest against BTC. It's all upside!
