I started to lose interest in sBCH

25 50
Avatar for BlueFlipper
1 year ago

Lead Image Designed by me Via Canva Application

Hello to all the beautiful read dot cash family! How are you?

I am one of the investors who started their investment when BenSwap and Coinflex were leading platforms for sep20 tokens and sBCH bridge respectively. Moreover, I can remember my investment in Cat$ and Eben$ tokens and the profit I made in a short time. This was green time, I enjoyed it in my life. But after the Coinflex bluff, people and investors started to lose interest and disappeared from the map.

Why am I losing Interest in smart BCH?

1) My investment declined in value with the advancement of time. Yeah, once tokens that I traded for 14$ are less than 1$ in value now. Already, my all investments in Tropical Finance had been destroyed. After multiplying with losses, I decided to take a great Pause from further investment.

2) Absence of an Active Bridge with Low Gas fees and Fast Transactions is the second big factor that causes my interest to lose. Now, I can't wait for an active and fast bridge. @Fexodine1 had written about the Bit.com bridge but still, I had not explored it. In near future, I have a keen desire in exploring it.

3) Less active Communities that are lacking in Promises are the third factor. Due to this attitude, I didn't want to invest in any new smart BCH project. First, they come with promises but later they disappeared from the map.

The solution to attracting more Investors in smart BCH projects:

Any project can excel more with an active and more promising community. There will be more engagement with the introduction of new features. Unfortunately, sBCH projects and sep20 tokens are declining in value and investors are on the verge of destruction. We should follow the doorsteps of the BlockNG Community. No doubt, it is the top leading project in the smart BCH Industry.

Moreover, there will be Prompt activation of the bridge with the same motto of Low gas fees and fast transactions. It will give a new life to all smart BCH projects.

I hope Coinflex and BCH legends will take notice of it and there will be a good response from all investors.

Closing Thoughts:

I have more than 27 NFTs and 10 Sep20 tokens in my wallet. My all investment in these projects is frozen now. I have the following Punk apes if anyone here is interested to buy then can comment below.

Moreover, Staking of NFTs was not profitable for me. I am staking my Shorai and PGC for getting the good reward of NFTC tokens but after six months, I can harvest 331 NFTCs. I swapped them in sBCH because I needed more sBCH for a good LawPunk.

In addition to that still, my spice and Apes NFTs are in the Staking pool. After six months, I can accumulate 1995 Banana Tokens worth 0.001 value while 63748 spice tokens worth 0.002 BCH. Moreover, there is a gas fee for harvesting these tokens equal to the value of staked reward token. I consider it a time waste and nothing else. Because these tokens declined in value and I got nothing but a small scratch.

I hope there will be the rise of the new sun for the smart BCH world because it was one of the best projects that attracted me due to its great potential and trustable persons. Still, I decided to take pause and wait with Patience for a good time.

Thanks for reading and supporting me.

15
$ 2.04
$ 1.56 from @TheRandomRewarder
$ 0.10 from @emily2u
$ 0.05 from @Codename_Chikakiku
+ 11
Sponsors of BlueFlipper
empty
empty
empty
Avatar for BlueFlipper
1 year ago

Comments

Same here I've lost a lot in SmartBCH that made me lost interest on it.. although I manage to get capital and some profits. SmartBCH has a lot of anon devs that loves to rug investors lol

$ 0.00
1 year ago

I also have some NFTs that I don't think I will be able to sell. It's so painful. I will take a break from the SmartBCH market for a few weeks

$ 0.00
1 year ago

27 NFTs, can I get one of it 😆 as I don't have any, sadly 😔. Can't you sell any of these?

$ 0.01
1 year ago

I don't like cheap trade. I hope I shall be able to sell them when there will be hype in sBCH.

$ 0.00
1 year ago

Can I get one at cheapest rate... LOL

$ 0.00
1 year ago

I can trade if you want. Have you Metamask wallet?

$ 0.00
1 year ago

Yes I do have, of course.

$ 0.00
1 year ago

I can totally understand why you're loosing interest in it. I lost interest too for some months and took a few months break from everything. Slowly things are picking up now, so I'm easing myself back into it too :)

$ 0.02
1 year ago

I hope things will be better soon. Still, I am waiting for active bridge.

$ 0.00
1 year ago

I haven't explored sBCH yet.

$ 0.02
1 year ago

Then, you saved yourself from a lot of Dramas.

$ 0.00
1 year ago

I am not hoping anything good related to Crypto this year, I'm positive for the new year but after Coinflex drama, sBCH is pretty dead. Hoping to see some big and good news in future. I literally did not invested as when I tried to BCH Towns game scammed and then a few projects like that came, so I thought to learn and see it first.

$ 0.02
1 year ago

Scammers played very negative role indeed. I also faced many scams in sBCH projects.

$ 0.00
1 year ago

I haven't had the patience then to delve into sBCH when it was all the hype back then. I guess I may have missed some and not much.

$ 0.02
1 year ago

Exactly, you had not missed a lot. There was nothing so much hype in these projects.

$ 0.00
1 year ago

I don't even look at how much my smartbch investments are now, which total around 1 bch. I don't check the wallet and I don't check the prices. I think the last time I checked the price of konra!

$ 0.02
1 year ago

Konra is performing well, I like this token due to most active community. I hope things will be better soon.

$ 0.00
1 year ago

I haven't opened my such account since I bought some. 🤣 The last time it's super negative so maybe it's gone now.

$ 0.02
1 year ago

There are many tokens whose values you can multiply with zero. I hope you will not worry about it because there was not much investment.

$ 0.00
1 year ago

It seems you're very good in Cryptos and investment. I once invested in BCH but I ended up loosing my money, so I stopped

$ 0.02
1 year ago

In cryptocurrency, we should invest what we can afford to lose. Thanks for your good words on my article.

$ 0.00
1 year ago

I have lost interest also, but months ago... can't be bothered harvesting any NFT staking reward because the gas will be pricier than the reward value! I have already kept in my mind that my thousands of dollars in sBCH is a total loss.

$ 0.02
1 year ago

Exactly, this is what we had learned from NFTs and sep20 token investment. I hope Coinflex will make its bridge more active for investors soon.

$ 0.00
1 year ago

I think the best way to boost Sbch again is open the withdrawal of coinflex and clean the mess on the issue happened between Ver and Mark, it's a disaster moment for us since I'm also a sbch token holder and my assets drops to 80 percent.

$ 0.02
1 year ago

I strongly agreed to your words. I hope Coinflex will bring a green healing for all investors.

$ 0.00
1 year ago