There's no need to panic, SmartBCH is here to stay.
For many investors, the past few weeks have been a brutal one. It has gotten to a point where everyone is complaining about over 50% lost on their initial investments. Even the tokens that are acclaimed to be “dump resistant” are dumped. The floor of various NFTs is falling and various APRs are reducing. It has gotten to a point where various noisecash posts are surfacing about the fall SmartBCH tokens. There’s no denying that the market isn’t favourable right now and people are registering losses, but the question is “Is it the same on other chains”. I will try to touch on some aspects in this article, hopefully, by the end, I will be able to make it as clear as possible that SmartBCH is still on the right track.
The past few months have seen a bear run for all cryptocurrencies. Simply because these tokens we invest in are on a sidechain does not make it bear-run resistant. If BCH falling from $1600 about a year ago to approximately $400 today does not stop you from believing in the prospect that bitcoincash, then you shouldn’t find it hard to still have faith in SmartBCH
The problem most people have is that they claim to be looking for a long term investment, instead, they are looking for a Ponzi scheme. Everyone is looking for an investment of $50 and make $5000 overnight token or NFT. We all want to make it big quickly, and when things aren’t going our way we find who to blame. Sometimes the dev takes the blame and sometimes we blame other investors, we call them names- Paperhand, dumpers, rippers etc when we intended to do exactly what they did, just that they were faster than us in doing so.
I can remember when things were going well, people flipping 2 BCH into 10BCH, everyone was happy and the testimonies were going about. Where do you think the money was coming from?. We can’t celebrate 100 days of pleasant conditions and not be able to endure a few weeks of harsh weather. Once you believe in the project, a little scare won’t affect you, for you know it’s a matter of time before things change for the better.
Do you want to get back your investment in double folds? Why don’t you work on onboarding more people to SmartBCH?. Channel all those energies spent on complaining and crying into spreading awareness of bitcoincash and SmartBCH. There are various platforms where you can do that, Reddit, Twitter, and Facebook are such. If you do this, you are not only promoting SmartBCH, but you are also helping yourself.
When investing in any token what are the things you look out for?. Whatsoever lead you into investing in a project will determine how you will react when the market is falling. If the intention from inception was to make a profit in the long term, a temporary fall in the market won’t bother you in any way, but if what led you into investing in the project was to make quick bucks then you will surely have sleepless nights when things aren’t going well.
The way out of this is to do thorough research before investing in any project. It’s not a must that you invest in every single project. Sticking to 2-3 three solid projects is enough. Though I’m also one of those that invest in almost every new project coming off the block, which has led to me falling victim to a few rug pulls, I still weigh the amount I invest in each project. A project that has a reasonable use-case and has a good laid down plan on how to execute it will surely rise back after a fall. I have 2-3 three of those where I put in a lot of money, though currently, they are also falling right now, I have them in places where they are bringing in constant yield and when the stipulated time arrives, I will harvest the yield with the investment. Hopefully, by then, things will be better for every SmartBCH token.
SmartBCH is still at the early stage. We are lucky to be among the early adopters. Though things might be going downhill right now but trust me, SmartBCH has so many opportunities yet to be explored. SmartBCH is going nowhere but up. It is here to stay.
Thanks for Reading! 💚💚💚