Everyone on the other sub is spitting venom and laughing that BCH as "tanked" to $250. Meanwhile I'm sitting here amazed that it has maintained $250 given the fact that there is powerful incentive for tens of thousands of people to just cash it out right now.
Yet here it sits. For every sell, there's a buy.
As the days go by, the excuse that "people can't get it online to sell" is fading. And yet the price is sustaining, because this project is backed by motivated people who have Satoshi's vision for "peer to peer electronic CASH" at heart
A cyrptocurrency founded on the freedom to dissent. The freedom to fork when it's leadership has been found unsuitable to lead, without being called an "alt coin". Freedom from thought manipulators and abuse of authority. The Times 03 Jan 2009, Chancellor on Brink of Second Bailouts for Banks.
Freedom for the poorest in the world to participate in a global economy with nothing more than a cell phone (remember when you used to say that, Andreas?). A cheap, fast way to transfer small amounts of money from person to person with no 3rd party intermediary, requiring no permission. A new economy for the 6 billion unbanked. And yes. Buying a freaking coffee.
The price will go much lower. But every time there is a lull in the blocks, it rebounds and stabilizes. This means that once everyone stops cashing in, I fully expect upward price pressure to push Satoshi's Bitcoin Cash much higher.