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Today, It was a sad day for those users who bought this token because it was a sudden rug. At first, it was very unbelievable because in just a short period of time when it was listed to benswap, and then when I see it to marketcap.cash where you can see and check if what are the price of the tokens every minutes and hours, the price became very high. I think, this token reach for almost $80+ already before but then, it was down after because many users sell their holdings and after that it did not go up again.
In this article, I will answering these 4 questions:
Who/what is this token?
Why I didn't buy it?
Why I decided not buying any tokens anymore?
Any plans to gain the investments that I lost?
Lessons that I have learned?
But before that I know, I am not good at writing about cryptos. So sorry if i can't write my thoughts very well. If I am wrong, let me know in the comments.
Since last August, I think? That is the start of the month of having SmartBCH tokens to our life. It was started by EBEN and CashCats and many users starts to join because of the users that wrote about SmartBCH and How to create Metamask account.
I didn't participated to EBEN pre-sale because I don't know what to do. It is my first time to join there after I learned about Binance if how to buy and sell and after that, I ask a lot of users here how or what to do to metamask, and how to buy some tokens and even receive some airdrops to some new tokens before.
Months passed and my experiences with tokens are good and bad.
I experienced receiving a lot of free tokens by the airdrops and my feeling is I can't explain that time. It was my first time to experienced being lucky after how many years, charot.
I also experienced being unlucky because of some tokens that I buy is still has a low value. I mean, After how many days the tokens is lower than my investments.
And speaking of EBEN, I bought during the time that the price is still at $0.9 something, I don't remember the exact amount but it is at $0.9, I brought 50 EBEN worth $122 or 0.2 BCH that time and yes, I risk my 0.2 bch from my 2BCH goals earning that's why, if you are wondering why, I am still stuck at accumulating my 3BCH is because of buying some tokens. I stake my EBEN at the pool but since the EBEN is still lower until $0.5 , I unstake my EBEN even if i lost a lot. But it's okay because I still earn a total of $36 usd or 0.05 BCH and before I will tell you the answer why, let us answer the questions that I wrote above.
You know if what is the name of this token already. Because a while ago, a token was dumped by the developer and I don't know the reason why. I was just shock when I look to the marketcap.cash, the price is already at $2 only and the last time I check, it is still at $34.
Yesterday, I'm just planning to buy some EROS and yeah, that is the token that I am mentioning right now because of it's price is very higher than the other tokens and while reading to the Groupchats about it makes me also want to buy when it will go down because that time the price is so very high and I congratulate those people who reached and sell their hodl at that price during that time. Time comes and when that token price became dip, I almost buy some but I'm hesitating
Because it was so very fishy..I mean, I am not that really convinced to buy some because I'm just became blinded by the price. I'm hesitating to buy since the price become higher because of the reason that this thought comes to my mind.
What if the price is will just make you blinded by it to buy some? And they will just the one who are selling the money and not actually the users?
But then I also think that is impossible right? because you can also see the addresses of some users who are selling and buying their tokens on benswap.
I am also not really a risk taker. I don't like to lost a lot of BCH anymore so I don't buy new tokens and joining the hype because my savings is still not enough and I'm still at my 2BCH unlike them, that they can participate and buy some because they have alot of earnings already.
Except to Milk, I also bought some Milk and i-stake it to the pool in mueliswap (hoping that this time, it will be my first succeed at staking).
After how many tokens that scamming us starting from MonkeyCash, Leap and other new tokens before that scams a lot of many users, that is also become my fear of losing BCH than gaining more. I stop participated to any tokens and I just hodl my tokens that I know i can trust because they has a good developers and they are doing their work right until now.
And If you will ask me, I prefer buying CATS because that is the first token that reached for almost 1M CATS = 4BCH but it's just sad that until now, there's no much people buying because of the new tokens.
Another reason why I decided not to buy anymore because I think, I should focus to my goals rather than spending it to some unsure things if it will really make me gain more and can help me to earn more for the budget for our house.
Since, I lost a lot of BCH to EBEN, the remaining $36, I decided to buy it some CATS, AXIE, or MILK while their price is still at dip. But again, I'm still hesitating. HAHA because I'm not really a risk taker. I will also just wait for the tokens that I still hodl to be go up again so that my BCH that I have been lost will go back.
In this kind of things, I am not really good at it. So, I decided to stop. I will just focus to the things that I can like here, I will just focus writing and posting to noise.cash. Even if I want to earned a lot there (to some tokens) like others, I can't because I am noob and I am not good at playing my BCH, I will just lost all of my BCH if I will keep buying and joining to Hype and it will just make me stress and demotivated.
I know that before you will enter at this kind of things to crypto,
You should be really a risk taker
You should really be ready if your investments will be lose and;
Just like others advice, you should just invest some money that you afford to lose
And I am not like that. So I learned to be contented, I learned to do only what I could, and i think writing here is more comfortable because there is no headache.
While I am writing this, It makes me feel better than before. I just hope that I will never buy some other tokens again. If I will, I will just buy on the tokens that are really can be trusted and I will buy soon if I can afford it already. But for now, let me just focus to my main goal because as of now, I am sad because there is no improvements. I'm hoping that I can able to achieve them soon.
I'm not stoping you to buy and invest but I hope that you will never become like me. I mean, I'm hoping that you can't lose a lot of investment please, and also, review the token that you wanted to buy first to avoid being scammed because right now, there are some people who are creating some fake tokens.