Looks like the whales are having fun with the SmartBCH tokens. Well Eben has high liquidity so even after buying with 100 BCH the price impact was 5-10 cents. There are other coins in SmartBCH with low liquidity. Investing in them is quite risky. If you are new in trading, than be careful before buying tokens in smartBCH which have low liquidity. The price is impact is too high when liquidity is low. Suppose a certain token like ORB has low liquidity, and the price of 1 orb is 0.0111. If you buy that token for 1 BCH the price will increase a lot. I don't know if i am right, but from what I saw i think you will be buying the token at the increased price. For example, the price of 1 ORB is 0.01, you bought 1 BCH worth of ORB (when the liquidity is very low), the price updated to 0.02 from 0.01 because of the price impact. So from my observation I think, you are buying the token at the updated price means you are buying the token at 0.02 cents. So when the people who bought before you will be at profit, sells all their tokens than the one who will be at loss is you. The safest token to invest in smartBCH is Eben for now cause it has high liquidity and the price does not fluctuate too much with low sells or buy. I bought some ORB in this dip and I will be holding for long term cause I think it has potential to reach $1. I think it is a good project and their flipstarter campaign was successful. They are developing their NFT games so I think I will just hold this token for long term. I am not giving you advice to buy it cause the liquidity of this token is really low and the price fluctuates too much. #RandomThoughts
1 comment
I hope to have smart BCH in the future.