FTX-Alameda Is Insolvent!
The rumor on the street is that Sam Bankman-Freid's FTX exchange and his team of traders Alameda FTX are insolvent. Big news if we understand how often we find this man at news talking about cryptocurrencies and the volumes in his exchange.
Few believed the rumors until it was Binance's Changpeng Zhao or CZ who announced the sales of FTT tokens held by Binance and talked about what is happening.
CZ mentions rumors about FTX's balance sheet that was recently publicized which raised concerns since over $5 billion of the assets of FTX was its FTT tokens!
So, any issue FTX had, any gap it had to covered, it just minted FTT tokens and covered it in its balance sheet!
Lot's of speculation about this turn of events since so far Fried was considered the most successful person in crypto. But it maybe was all nothing else but one big scam in the way the FTT token was used:
Reminds us a lot of the Bitfinex adventures with LEO token and USDT stablecoin, but it also seems like LUNA wasn't the only one out there!
Making billions out of thin air seems is an acceptable industry practice for a long time.
It appears that many industry players are too reckless and inconsiderable with their actions. All these high-profiled high-esteemed men that suddenly appear and become the kings of crypto with the money made, seem to have no place to be there and only act like scammers.
FTX was giving the status of an exchange having large volumes but it may all have been a lie.
Then new faces appear whom we never seen before giving us lessons and justifying what seems to be a disaster soon to befall upon crypto.
This Caroline, awaken from her hybernation to react on Twitter (and got about 10,000 likes) for the lies she told.
What happened to the billions of money FTX had? They are not there anymore, not on the balance sheet, not in banks.
Notice the part she claims there's another $10 BILLION of assets that aren't reflected on the balance sheet. That is a serious admission of crime. You don't fool around with 10 million, but this is billion. So, she claims that to avoid tax they hidden away 10 Billion of FTX funds and did not record it in the balance sheet.
Finally
Who is Sam to keep $10 billion from the company somewhere else? If this is even true as a mention. His company is in desparate state and the excuses given make it worse. The prices will go lower with FTX announcing insolvency, news that are bigger than Luna and celsius combined.
We were give n the impression Sam was such a genious trader who made billions after billions with his Alameda nerds and his FTX super exchange, but instead we find out it is was more like very similar to LUNA's proposition.
These people didn't do anything to push for crypto adoption or support the industry but only got a lot of money out and leave us wondering if there is a bear market and when it ends.
Read.cash Is the Oasis In The Abyss Called The Internet
I wonder if the internet is giving the same opportunities to a small website as it did earlier in previous years.
It is becoming more controlled by a few people. Less friendly, and less interesting.
Except some domains like read.cash I can't tell if the internet is about anything else but advertisements.
Marketing, marketing everywhere.
I am happy to be at read.cash and I now have a noise app profile! https://noise.app/annayks
Thanks to @halu for the invite!
Perhaps thats the reason I was missing read.cash, as it still contains the purity of the advent of the internet when it was people deciding, not the funds.
With Each Passing Year I Hate The Internet More
What once was free expression is now a race to censor the small user.
We don't use the internet to have fun anymore but we fight with each other.
And we don't know if anyone is real, which is the worst since it makes us think they are not. And during this slow convertion of the internet, we understand that we also change and become worse at the same pace.
The old internet was better but they told us we had to adapt.
Stupid marketing after destroying television, a few years ago it decided to destroy the internet. They came and made it look as stupid as their faces.
They increased the fonts, told news websites to have less content on their frontpage, then everyone followed.
The result is a low grade internet with limited opportunities as little diamonds like read.cash are kept away from the eyes of the public.
We can create anything, but no, there will be nothing, since the marketing gurus alreadu make sure everyone is covered with only a little.
Most people don't use more than 10 websites but only the same and same is projected.
Read.cash is the exception
Read.cash is changing everything, making the internet pure again, more friendly and users not afraid to speak their mind. At a level where conversation is mature and not at the toxic levels we see in the social media.
Read.cash for years has no ads. Backed only from its idea that inspired Simon to create it and the BCH community, Marc who pays all the tips from his stack of BCH.
Finally
And yet, even in the crypto domain, there is so many that ignore or try not to speak about read.cash, in fear they will lose their job from the bitcoin maximalists.
And even though the btc community is always against Bitcoin Cash, the Ethereum one with Vitalik leading, became the same as them.
If it was crypto they were fighting for, why is there NOT A SINGLE Ethereum fan here.
All these ETH influencers are not interested in anything else but their bags. Vitalik included.
SmartBCH Can Succeed Decentralized
I think it was February or January that I stopped writing about smartBCH and the tokens, when the scams had increased and many irresponsible devs were only trying to pass their stolen NFTs as valuable.
Another three months later we had the Coinflex incident with Roger Ver which is still not solved and as it seems there is no solution.
The one hundred thousand BCH Coinflex was holding guaranteeing the smartBCH bridge were frozen and held hostage by the exchange as part of the dispute.
With this, irreversable damage was made to all tokens and projects working on smartBCH.
Make It Decentralized And It Will Work
A failure is only a failure when we give up.
SmartBCH did not give up but about the decentralized bridge that was again promised we have again a problem with
I have hopes that Kui with the backs of Jihan Wu will work out something better next time but time is not a friend of SmartBCH.
A new and decentralized proposal can only be accepted and new funds will enter.
I find it difficult to gather information and smartBCH has a forum created but the forum has few news posted, with almost no new posts in October.
SmartBCH community is now almost gone and we can blame Coinflex, but it was SmartBCH that allowed this to happen by handing all control of the funds to Coinflex.
Mistakes can be made by all, and maybe Coinflex having the bridge was seen as the only way when smartbCH was getting online.
It should be a reminder to all about centralization in any of the segments of a blockchain, either this is a bridge, or the validators, or the miners.
The community of BCH is correct when it draws a line when it comes to decentralization because the alternative is to put trust in people or institutions when we are all fighting for trustless digital currencies.
Now, this is what this post is about, no trust, but a verifiable decentralized system.
Finally
For Bitcoin Cash developments are underway for the expansion of smart contracts and the application of a platform-model tokenization on the Bitcoin Cash blockchain a work named Cash Tokens.
Developers explore possibilities and perform code changes with hard forks as all networks proceed with upgrades either scalability or to improve the services the blockchain offers.
SmartBCH can succeed with decentralization, and it was promising it will. It has covered 75% of the coinflex losses from donations, so, probably, it can work with its promises.
Everyone will love to see new developments and mistakes of the past solved and working again.
Read.Cash, Our Digital Home!
Wow. 4 months already passed since I posted my last message here at read.cash and I didn't even realized it.
I was notified of some payments I received in my Bitcoin wallet and I was qurious to see who was it was that tipped me.
I have connected the read.cash wallet with my Bitcoin one and after a long time I was notified again of payments arriving.
Besides from my curiosity I also thought perhaps it was a request because it was many payments so it looked like read.cash was calling me again!
Anyway, this was what I had to do then, because it wasn't working. Writing is not for every day or for all the time. Days, weeks, months were passing and now I found myself four months later away from this place that I loved spending time.
I Will Get Better
I had received a comment by someone telling me that I was a bad writer and I should stop.
Saying such a thing is depressing but it was the truth.
I do not remember who it was, but I remember I blocked and I can't find the username again to unblock it. All the same, I know I am not a good writer.
I talked in my posts about crypto, Bitcoin cash, and I gave investment tips, expressing myself with my poor english.
But my writing style or correctness was not as important to me as to explain openly what I was thinking.
One reason I quit months ago was this. I sensed I was bad at what I was doing and the same did some more writers that read my writings.
I still make many mistakes but I slowly become better with English, I google words to be sure I write them correctly and discovered a website that helps with writing.
Sometimes my work is good, sometimes it is bad. I was writing hastily sometimes so perhaps that one I received the upsetting remark was a very bad one.
I will be better now that I decided to be back to writing.
Bitcoin Cash Is Always With Me
Admitting defeat is not so bad unless we don't try again. I have sold some of my cryptocurrencies including some Bitcoin Cash, which is stupid at this price.
But with no emergency reasons, I have no reason to sell anything.
I stopped watching the price and stopped calculating in dollars but I will only do that again when the price rises again to normal. I know it is between 110 and 120 dollars and this is enough.
Finally
Read Cash is one of the few places online its users consider a digital home.
I know that all of the users first thing they do when they wake up in the morning is to check their Read.Cash and Noise messages.
The new Noise is also up, and I will have to find an invite to join as I saw the platform is read only without an invitation. I saw many posting their invites so I will find one unless a friend here wants to share his / her.
2023 is approaching, we should hopeful that everything bad like wars and diseases will stop and we will all be more responsible.
Hope we all enjoy our time without care for the prices of cryptocurrencies that we let absorb us so much.
Maybe It Was Time To Quit The Moment I Joined
Since the day I bought Bitcoin Cash it was a struggle everyday.
The price was everyday dropping and it felt it was one notch higher risk as an investment. I profited from my trades for years, and liked what Bitcoin Cash is building so I decided to take my chances. I loved BCH for the speed and the low transaction fees, but I'm not going to travel 100 miles to find anyone accepting it.
Although the loss from my BCH investment was not even close to my 2021 profit, I still lost a lot more that I shouldn't. I gambled and failed believing this market would react.
I stopped with smartbch although I watched the developments and followed some of the tokens, although the rug pulls made me more observant and I saved some of my money from not investing in some projects that scammed the community. Bitcoin Cash is down again to a price gives the impression of a defeated purpose.
That was all from me, you won't be hearing again. I found enough stupidity in crypto to become attached with fake personalities and the ambitions or those feeling powerful to control how we should act or talk.
It was enough, to see BTC and Ethereum in new ATH and BCH losing ground, and going below the 30th place. You know how this will be next, bellow 100. Not even the maxis care any longer about Bitcoin Cash they are just feeling sad we lost our money in it.
I'm not going to risk losing my profit to make Mark Lamb more rich. Life is always teaching a lesson and we sometimes repeat mistakes that keep us in a bad spot.
I don't have to lose my sleep with Bitcoin Cash anymore. The last I sold was where some seem to buy, but they will lose their shirt where the price is directed.
Since Mark Lamb plays poker, then probably they've told him if you don't know who the fish on the table is, then this is you. This is about me, I was the fish here, and just because of instincts, intuition, I didn't lose so much as others did or as much as it seems everyone else will lose.
Can't even trade this shit on exchanges. All it does is dropping. From November to July it is only dropping. An endless consolidation.
I was hoping if more of us were posting about Bitcoin Cash, with writing at Read cash and Noise cash, and help with talking about Bitcoin Cash will change the market and make Bitcoin Cash act independent from the rest. How wrong was I to believe anything can change how the market is programmed to behave.
Someday I though maybe writing can reduce the pain, but the small tips were not going to help with the enourmous losses I suffer. Marc Demesel is also losing a lot, and stopped giving the big tips, but even a $1000 dollar tip would not change anything.
To keep my total profit intact, I do the opposite of what I told everyone so far and now I have to sell until perhaps crypto finds a bottom. When that will be? Maybe one or two years later, but for now, it is not worth it at all to waste my sleep thinking of losing thousands of dollars every day.
Fairwell, then, and for the last part, I'm asking from @Infinity a forgiveness, because I was wrong to block you, and I always knew I was unfair with you.
Goodbye friends, see you in another timeline.
Is it time to Quit or TIME TO BUY more Bitcoin Cash?
A big cash out was initiated again and as prices dive, we should stick to the plan.
We got a few billionaires and in this market that make the most money, cashing out in banks and we have them up front there at Twitter and reading how everyone loves them.
CZ Binance, SBF, the Kraken and Coinbase guys are those mostly responsible for the crash of the market.
They gave noone a chance this time, and skipped selectively some of the good cryptocurrencies and projects that should have achieved better than that.
Not worried about the BTC maximalists and the brainwashed puppets following Saylor in their financial destruction. They can keep hodl their BTC into the abyss, and one day years later think about how foolishly they were acting.
Buying Bitcoin Cash At Despair
The charts give me no choice but to begin increasing my holdings in Bitcoin Cash.
BTC is in capitulation and the final dip will be despair, sending those that believed the lies of the BTC maximalists to a worse financial condition before they invested.
Bitcoin Cash, is at despair already. What else can happen? Price to drop where?
If $115 is not the bottom but BCH keeps tracking BTC then the bottom is $50? Who cares, the loss is already 90% from the ATH last year. I'm willing to keep risking and investing into what has potential instead of being a naive investor misunderstanging financial concepts.
BTC after the Blockstream hijack during the block size debate, executed its master plan. In 2017 should have been retail adoption and expansion but it failed and everyone abandoned a slow and expensive network having no chance to compete against Visa or Paypal.
The seeds of a new narrative were spreading by the maximalists as they discovered there was nobody left to buy into a slow and expensive to use blockchain network.
BTC devolved into just a store of value with limited payment capabilities and the promise of a 2nd layer that would miraculously fix the issues of the main layer. In 2021 the BTC marketing succeeded in part, since some institutions bought this narrative, bought Bitcoin - BTC for this purpose, store of value.
The narrative succeeded indeed at least for a while, since at $ 20,000 we watch how easily and drastically the narratives change and the sentiment of all those supporting Saylor are now against him.
Buy The Bottom
In two years everyone will be calling you an early adopter or a lucky one that bought Bitcoin Cash at $ 100.
Maybe you don't remember it, but this was exactly the same in 2021, only one year ago, when everyone was buying Bitcoin Cash at $ 1,000. Buy when there is blood in the street. You will not find any better time or price.
All those with money waiting at the side for an opportunity to enter, this is the entry level. Prices can't go far lower than that. There is no $10 Bitcoin Cash, since everyone will be selling assets like cars and homes to buy into BCH.
Don't be greedy when the floor is right in front of your eyes, a great entry to make, the best odds are there, and the best reward is waiting for you.
Bitcoin Core: A Store Of Value That Doesn't Work
Fun days, but I'm beginning to think, this was it and I'm not going to invest in this market any more, although probably this is what the Bitcoin maximalists would certainly want, to have everyone else disappear and allow the BTC scam move without much resistance.
BTC is a long standding scam, having no orientation to displace the dollar which at some years looked possible. The scam is the store of value claims that make it seem like an opportunity to buy at any time and not sell until it reaches a million dollars.
But all those saying it will be one million dollars are those holding too many
Why Bitcoin Cash is Right About Everything
Everyone telling it is a store of value is lying and don't understand Bitcoin. Also anoter lie is that first Bitcoin has to secure this title and after it does it will become money.
Some think it works this way, but it doesn't. Basically, nobody believes it should like that, since it defies logic to have this position.
Imagine if money needed 10 or perhaps 20 years to finally become easy to use.
No, this is basically not very thoughtful think to say. And the Bitcoin maximalists moved a step forward to claim that Austrians thought that first comes store of value and utility did not matter.
This is not quite right, either. Once again, the Austrian economics did not discuss money in an approach that it would be decentralized beyond government control.
They claimed money should be backed by gold, and not trust as it happens today but still money will be controlled by government. So, references to the Austrian economics from another era is not close to describe modern money.
The Austrians anyway never said you have to pay $100 in each payment as fees to a miner.
What did a miner represent in the example of a government? Taxes.
Taxes also add to security. For a nation that is under constant threat taxes elevate higher since the nation has to sustain a better army. Although, the hostile nation sustains a higher budget for wars, it is planning to begin. And the other nation has to defend against adjust invasions.
Now, some wars are complicated, and all invasions could have been avoided but most weren't.
Let's forget this part and not link it with the recent war between Ukraine and Russia.
Generally, taxes fund wars of massive scale. Taxes fund armies and armies create havoc. Where it begins? Of course in the hostile nation governed by irresponsible authoritarian dictators. Or perhaps democratically elected presidents that planned a terrorist attack and as an act of revenge occupied nations in a different continent.
Forget this part too. Bitcoin has taxes, but what works better is what matters.
BTC has fees that under network pressure go as high as $100. Bitcoin Cash fees on the other hand are always lower than one cent.
Security of the networks? Practically the same. None of these two networks has been successfully attacked. Bitcoin Cash exists for five years, if anyone things it is not secure, then why hasn't an attacker successfuly reversed blocks and stolen BCH?
Finally
Bitcoin Cash is correct to claim the Bitcoin title, since the whole project inception is based on Bitcoin acting as money.
How some think debating with empty arguments and zero logic helps their cause probably has to do with the field of psychology and the mass manipulation techniques forced onto the population to behave according to the will of a few.
Tell you what, Bitcoin Cash is the people that use it every day, the developers that code every day and everyone else creating with this blockchain.
And Bitcoin Cash people are not sheep. Why do you consider that nobody from Bitcoin Cash moves back to BTC. Like, nobody literally, says I was wrong I will move back to BTC and Bitcoin Core is right about everything.
Those that left Bitcoin Cash, joined other venture. Did anyone of them ever returned to Bitcoin? They all hated what Bitcoin has become.
Everyone leaves BTC and never looks bad. This bad Core has become.
Tokyo Drift With Akane And Bitcoin Cash!
If you are wondering why Bitcoin Cash is not the average coin and why its price is not even close to a fair one considering where other cryptocurrencies have reached, then you probably were not attentive enough.
In my previous posts we read about Kim Dotcom, the adoption of cryptocurrency in St Maarten and St Kitts and BCHSunny who thanked me in Reddit for this article, but it is us that have to thank every person that is helping with adoption of Bitcoin Cash.
This one is a special too, featuring a new Bitcoin Cash video from Satoshi Angels, and in particular Akane Yokoo, a person I really admire, and I remember for years, since the interview with late John McAfee.
Akane made a presentation video of how easy it is to live in Tokyo and need no other money but only Bitcoin Cash for everything!
Konnichiwa!
Tokyo Drift With Akane Yokoo!
https://www.youtube.com/watch?v=scE5ceL09Vo
Satoshi's Angel Akane Yokoo gives us a tour of merchants accepting Bitcoin Cash in many locations of Tokyo, the capital of Japan!
Starting from Nogata and Roppongi districts, Akane visited restaurants, bars, shops all accepting Bitcoin Cash, either using Bitcoin Cash wallets or the GoCrypto application and enjoying plesant days in Tokyo!
Moving on to Akasaka and the Pink Cow, a mexican food restaurant, which was the first restaurant to accept Bitcoin Cash in Japan! Akane visited a hair salon in Ebisu area and had a fantastic haircut, then moved to more shops and restuarunts in Tokyo Midtown for a cofee and gluten-free desert!
It is so nice to see so many places in a vast metropolis like Tokyo accepting Bitcoin Cash.
A perfect presentation of the Bitcoin Cash adoption in Tokyo:
I looked at the map of Tokyo using the bitcoin.com map and discovered 73 locations are right now accepting Bitcoin Cash in the city, which is a number that can increase greatly in the next years. https://map.bitcoin.com/
Marked Tokyo in my places to visit and prepare a budget with Bitcoin Cash!
I think, we all are grateful to Akane and all Satoshi's Angels who are giving Bitcoin Cash a good name.
Finally
Bitcoin Cash is established in a populated capital like Tokyo, a city home of fourteen million.
Japan had accepted crypto as legal tender since 2017 and many merchants included cryptocurrencies. As the video we watched stands, crypto is the easiest and faster method to pay, in the digital age, and Bitcoin Cash has the cheapest fees among other cryptocurrency options.
Tokyo is a city one can visit and spend Bitcoin Cash and there is room for improvement. As most of the shop owners told Akane, crypto is the future, they know it has a chance and Bitcoin Cash for us, is the best one.
Arigato Gozaimasu, Akane!
Crypto Market Mayhem: Excruciating Pain
Aaaand its gone. Crypto is Dead. Again.
What happened? Who crashed the market and why?
Is it the European leaders trying to push their authoritarian agenda of the digital euro?
Is it the FED that plans to increases rates many times in 2022 to curb inflation?
Is it Putin again that seem to be lately the main excuse other governments find for the lack of managing their economies?
Was high inflation not what BTC was a hedge to? How can Bitcoin Cash profit from this?
We can all find pros in high inflation and governments inaction but BTC was never a hedge to geopolitical events or inflation.
Upon agreement, gold is something like that, but do we need gold? Some think we do, and Austrians advocate the gold standard. Yet, this is not the same with cryptocurrencies.
Crypto did not exist in the logic of Austrians and Keynesians.
What existed was fiat money, backed by a government, and money backed by gold. And both these, operated by a government.
Ask any Austrian or Keynesian today, if they had to put all their fiat or gold backed money in one cryptocurrency and use this as a money, what would that be. BTC or Bitcoin Cash?
Who would ever accept BTC? This shit is not working. And Lightning? It needs a masters degree in philosophy to understand how to use this fabrication properly.
Nobody would prefer BTC to Bitcoin Cash. Why this happens today to have so much of a difference? It is the failure of all cryptocurrencies to become accepted.
Adoption and use of cryptocurrency is not matching the interest for investments and opportunistic reasons, the profit from the wild price increase is what attracted all these people in cryptocurrency every time.
We find minimum acceptance and a tribal crypto community not engaging with developments but stuck in the same old stories of agreeing with BTC maximalists to get a bone like a good dog and ignoring the Bitcoin Cash efforts for adoption in the real market.
It feels the market is so bad as the stock market, glorifying mediocre projects while just a few people are in charge like CZ at binance who can change the fate of a cryptocurrency.
Today, with Bitcoin Cash at $240 as I am writing this post, I buy more and I also found a few more crypto that I was eyeing for a while at a better price. But still I have to put everything in Bitcoin Cash because of the unjust market valuation of this coin.
Three Of The Best NFTs Of SmartBCH
SmartBCH allowed every user of Bitcoin Cash to use DeFi, hunt for high yields, mint NFTs and trade with no hussle of Ethereum fees.
We have a long way ahead, and at this is not even one year since all of this started.
Guys, this is a long, long, race. Not going to end like that. SmartBCH is just starting to test the engines and has already given us signs it can make the grade.
With this new post I would like to examine some NFT collections that made this community happy to be part of SmartBCH and the hopes for more developments in the NFT part of SmartBCH, where OASIS is the center of attention.
Oasis
OASIS.cash is where we begin, then where the trades take place, the main marketplace of SmartBCH listing new NFT projects and doing some promotion too.
The members of OASIS have helped the SmartBCH NFT projects in many ways with information, contact and support with their contracts, listings and information.
OASIS wants SmartBCH to succeed and it has helped a lot during this first period.
Link to Oasis: https://oasis.cash/
Lawpunks
Punks is the first NFT we found in SmartBCH and the best one all this time.
Those that minted Punks already made a big profit and the project has a loyal community discussing details in telegram of Blockng, the project that created Punks.
BlockNg has created partnerships in the space with many other projects and teams like OASIS, Benswap, Tropical, and some top investors backing the project as CoinW, BarbarianDAO and peetah.
In the previous autumn I posted about punks but have to mention it again because it didn't stop, but with a strong community the low price is not close to 1 BCH!
Check out the punks on sale here: https://blockng.money/#/punks
Joystick Club: Joybots and Smart Babies
I love these two NFTs, I wrote about them in my post yesterday and suggest to hold a few of these cuties in your wallets.
Smart Babies is adorable and so is Joybots, and not just for the special artistic impression but we can also earn more $Joy tokens when playing the fun games on the Joystick website.
The cost of mint a Joystick NFT is prohibiting for many at this moment, at 500 Joy tokens for every NFT, but at OASIS some are selling them a lot cheaper.
Babies are only sold for 10 Joy so it is not much, get some, get one for your friends too as a gift!
Mint Joystick NFTs (Joybots and Babies): https://prizes.joystick.club/mint
Gambling Apes Club
Who doesn't love Apes? In all the blockchains Apes is always a top NFT and in SmartBCH developer with nickname Keith Patrick developed it for smartBCH.
As with the Punk this is also an NFT based on the successful collection from the Ethereum blockchain, and some more developments are coming.
This is also a very profitable NFT for the smartBCH fans that bought in the mint as some pieces sold for many BCH. I expect it to be central in the coming years for SmartBCH, so it is a good investment to make.
Personally these three are the best for me, and a small sample of the NFTs produced in smartBCH.
Visit the apes marketplace: https://apes.cash/marketplace
Finally
Someone told me in a message in my previous post at read.cash that NFTs are not having an interest lately and that people are abandoning smartBCH NFTs or something that made this sense.
I do not expect everyone to understand how markets work, but when I wrote a post about SmartBCH after probably four months of silence on the subject I did this having in mind one purpose. To support SmartBCH because it deserves support.
The gravity of what someone says differs and I don't understand how is less interest a problem. NFTs are still killing it in other blockchains, and from what I seen the two collections I mentioned earlier Smart Babies and Moodies are doing well in their mint.
Smart Babies And Moodies NFT On SmartBCH
Bitcoin Cash sidechain SmartBCH has given us sensational NFTs the last year.
Where to begin from Punks to Apes and Reapers, Cashcats and many more.
Although I have stopped for a long time writing about smartBCH, and warned my followers about some suspicious teams and projects, I don't think we should be one sided and ignore everything that SmartBCH has to give.
We find cute new NFT releases and a few may deserve our attention as investors since they can produce profit especially when minting rare collectibles.
NFTs are not a term that will pass soon as some suggested, perhaps the best will be in this and the next year.
Smart Babies
Hurry up! This new collection by Joystic Club only costs 10 JOY tokens for minting one NFT and the NFTs are used in the new game offered by Joystick club!
Look at these cutte little babies! They are so fun and smart, love them as I love Joystick club too!
Around 3000 / 10000 are minted after just a few hours the mint started!
10 Joy is about $1.5 so they are some of the cheapest NFTs to mint in SmartBCH.
And don't forget, Joystick club also has the JoyBots NFTs that are still on mint but minting very slowly. Still it is one of the most original collections in SmartBCH!
Mint Smart Babies: https://prizes.joystick.club/mint/SmartBabies 10 JOY each
Mint Joybots: https://prizes.joystick.club/mint/Joybots 100 JOY each
I support 100% Joystick Club! With the games it offers we can play and relax having fun and accomplish high score to win prizes in JOY tokens!
ABSOLUTELY LOVE IT!
Moodies
Buy a Moodie get a hoodie!
This NFT is a release by a new team marketing and NFTs in smartBCH. If you mint a 3D moodie the team will also gift a hoodie to the owner.
I adore Moodies its is so original and funny collection of NFTs.
75% of the mint is filled and only 500 Moodies remain in the pool!
Moodies Baby! you know what I'm saying? Get yours today!
After Moodies the plan from the DMCH project will be revealed!
Get your Moodies here: https://moodies.cash/
Finally
I never stopped loving SmartBCH, and I welcome NFTs and new projects as long as they have the best intentions and not being greedy.
I loved both these collections right from the first moment I found them and will present some more that I discovered in my SmartBCH adventure!
SmartBCH needs a new push now that Verse is also increasing the total value locked and SmartBCH can reach a better status. It takes work from all this community to support every project that send real bullish vibes
Why I Am Optimistic With Bitcoin Cash - Thank You BCHSunny
So, it seems the price has dropped a lot lately as mass liquidations applied and everyone suddenly turned bearish in their sentiment.
Even a friend called me and told me that prices dropped again and crypto is declining fast but I answered that I didn't notice. I didn't and only notified a few hours ago, but I don't care for the short term price decline.
Especially when we are looking not for the short term market manipulation but there is a bright and long future for cryptocurrency.
I said ok that's fine, so be it.
What I noticed was something different and more useful.
The Twitter account of @bchsunny that is daily tweeting Bitcoin Cash accepted here tweets. https://twitter.com/bchsunny
Thanks BchSunny!
BCHsunny is a "super-spreader" for Bitcoin Cash adoption and has achieved some top multinational franchises to adopt Bitcoin Cash in St. Maarten.
Watching this adoption, how can you even ignore Bitcoin Cash?
Why should I care for a small price decline and the BTC tetherized market?
Bitcoin Cash is long from here to eternity. This is what a network full of excitement, life, and adoption looks like.
People need cash they can hold without anyone blocking transactions. We all need money we can use at will, and not at will of a trusted third party.
We can all do our part and talk about Bitcoin Cash and participate in the beginning of something great.
Thank you Sunny for everything. You are proving the fair value of Bitcoin Cash every day and your Twitter account is already my favorite.
Sunny has attracted into accepting Bitcoin cash some major multinationals as :
**Hilton** hotel in St Kitts
**Burger King** in St Kitts
**Buddha Bar**
**Xerox** in St Maartens
**Levis** shop in St Maartens
**WTN** the wireless internet company of St Maartens
Multiple supermarkets in St Maartens and St Kitts
Retail shops
Night clubs
Jewelry shops
Restaurants
A marina in St Maarten
Petrol stations
Health Stations
Delivery Restaurants
I can go on forever!
Visit Sunny's Twitter to see for yourself and tell me how this doesn't give you hope for the future of Bitcoin Cash.
I don't care about the price volatile decline we recently experienced because what this adoption means, is that Bitcoin Cash is progressing in ways that will result to successful end result.
Finally
And there are more super-spreaders of Bitcoin Cash in many more nations, islands, regions, and I will also thank them as they keep spreading Bitcoin Cash adoption.
Bitcoin Cash has a guaranteed future full of success because the people in it are dedicated and don't quit. The developers and this community is building the future of cryptocurrencies, shaping the way as it was always going to be.
With less resources than other cryptocurrencies Bitcoin Cash makes magic happen.
Start booking tickets to St Maarten as a Bitcoin Cash Paradise is there!
Elon Musk Will Love Bitcoin Cash!
I like how this is going slowly until the rumors circulating the web become news!
It is a love that takes steps until Musk becomes confident enough to admit it. It is a secret love that Elon Musk tries to keep from the public, similar to an affair. But Musk has noticed Bitcoin Cash and felt for it.
This is how it went with BTC and Elon and then Doge. Slowly and watching the reaction, learning and adapting. Musk will love Bitcoin Cash and is already following the right steps.
Every successful entrepreneur looks for anything that will bring more customer to their companies, increase sales and profit.
Until recently Musk thought Dogecoin was going to be the one.
His efforts with Doge are unavailing and instead of attempting to transform Doge into Bitcoin Cash, Musk has to accept the real progress of Bitcoin Cash.
Elon was qurious about Bitcoin Cash just about one year ago, when Kim Dotcom helped him discover a Bitcoin that did the job, and Musk accepted Kim's point and realized how Bitcoin should be.
Later on, Elon said that Bitcoin's blocksize is too small, and together with Doge developers made changes that will reduce the high Dogecoin fees and lower transaction time.
We don't know if it will work, and Dogecoin was never that bad and most cryptocurrency lovers used it very frequently.
Yet, there is a better solution right here and right now, why not admit and use Bitcoin Cash with a finite supply?
The inflation reason Musk selects to think is the point of reference, is a mistake. Inflation is a lie. We can denominate price, it means nothing. Price is an illusion a time locked event that will be changing forever. It is up to our race that put prices in goods to how we approach this price.
Rising prices will not make us more wealthy, it is what we produce and how we select to use our resources that will. We have a cultulre of investing and saving for a time in need, but inflation only works to reduce what we have worked for.
Inflation is removed from the production of nations and inflation free indicators are shown even in accounting and microeconomics a result to be realized completely will demand to remove inflation.
You don't make more money with inflation. Wages don't rise, to reflect inflation and products rise so much and so fast that make most people poor.
Dogecoin is inflating to eternity. You need money that puts a stop to this and having a fixed supply that will be no more or not significant at all.
This is Bitcoin Cash, with about 2% inflation today, that will be less than 1% soon, in a few years.
Elon knows it all about Bitcoin Cash, he also knew about Bitcoin and Dogecoin early.
He just appeared in crypto to become more popular and when he gets there.
Elon Musk is implementing Bitcoin Cash solutions and ideas in Dogecoin, but we know he will love Bitcoin Cash and perhaps sooner than anyone thinks.
Fill Your Bags With Bitcoin Cash! Roger Ver is Back on Twitter
April 26th marks the day of the return of Roger Ver on Twitter. The impact Ver produced with his first new Tweets after one year signifies the wide respect to Bitcoin Cash, as his first two Tweets gathered thousands of likes and comments.
And the fun part was that this time the BTC related comments to Ver's tweets were limited and always challenged constantly by Bitcoin Cash supporters on Twitter.
Roger Ver kicked ass with his comeback and rallied the Twitter Bitcoin Cash users into eagerness to express how much we missed an outstanding cryptocurrency proponent, a champion of liberty.
Roger Ver did so much for Bitcoin that not anyone else had done. But he had to confront since 2010 scammers and haters that wanted Bitcoin for their eyes only.
Roger Ver stood against the banks and the infiltrators of Bitcoin and was vocal in the debate for scalability of Bitcoin, the block size debate that unfortunately left a bitter taste in the community that wanted to see a different result.
You don't expect others to do the work for you, so Roger decided BTC was not what he wanted. It is not what we wanted either, since BTC is today not Bitcoin according to the electronic cash network for transactions but a slow network infested with high fees and centralization of developments.
Roger Ver is a person that invited tens of thousands into Bitcoin, with his practical approach and charms. Bitcoin Cash is today the up to date Bitcoin, the modern version that is faster and stronger than the counterpart BTC.
Bitcoin Cash needs leaders and Roger Ver is always one that spends money from his pockets to support what is not just an investment but also a dream.
The dream is freedom for every one, in all continents, anywhere, even on the most remote region of the world, the freedom Bitcoin Cash is and can liberate us from the strong grip of the previous system that fails all over again.
This interview with Dave Lee from December will help anyone understand why Roger Ver is a champion for crypto, freedom and Bitcoin Cash:
https://www.youtube.com/watch?v=JgNgYnVurYA
Thanks to Roger Ver for the adoption in Caribbean, and for adding to Bitcoin Cash so many interesting personalities that promote Bitcoin Cash strongly today.
Finally
I hope it will not stop, and although everyone needs to take breaks, the Caribbean adoption now proceeds with the students of Roger Ver, Ryan Giffin and Marc Falzon.
But it is all going down with price and again Bitcoin Cash is below $300. If this goes on more, then it won't help to wait another two years to reach $300 and be bullish just for a few months. Maybe the sellers for fiat in an illiquid market should behave and not dump the price but try to sell using over the counter trading rooms.
But I don't want to be negative when for the last year I was expecting Roger Ver to be back and revitalize Twitter with his presense. We will fight the haters together, and Roger don't have to worry.
He got our back on twitter, stronger and better to helps us make Bitcoin Cash great again.
Kim Dotcom - The Tech Legend In Support Of Bitcoin Cash
I admire Kim Dotcom and he deserves to know he has the gratitude and admiration of millions everywhere.
I am one of the millions and millions of Megaupload users and I can still remember my sadness the day Kim's home got raided the way it did and Megaupload website seized.
The name Kim Dotcom was often a discussion between friends upon bringing tech subjects. The way the agents and police behaved was a disgrace and perfectly explained what was at those days a war against freedom.
And once again Kim, you are fighting for everyone, this time side by side with Bitcoin Cash, next to all of us, with all those that deserve their digital and financial freedom from the oppresors.
Freedom that Bitcoin Cash brings for our financial well being just as Megaupload and the P2P bittorrent networks did for entertaintement and free information.
Kim is one of the masterminds of our generation successful in his businesses, and was always having to fight the unprogressive and backwards old ways.
A technology entrepreneur Kim created the first massive cloud storage service.
The gigantic cloud databases we use today like Amazon's Cloud, Microsoft's Azure, Oracle, Google cloud, all developed and proceeded Megaupload.
Perhaps Kim was targeted not just by the entertainment sector with dishonest piracy accussations but from the top tech firms since every of these big companies covered the gap of Megaupload.
Megaupload was at its peak a top-10 website when it was seized and taken down by federal agents. I think in 2012 when it was seized the whole internet changed and was never the same since then.
I said millions of users visited Kim's websites, but trully, this is probably a billion. Everyone that used the internet in 2012 knew Megaupload and Kim Dotcom.
Kim knows what the internet should be and there was no way he would accept a cryptocurrency that has high fees and can't scale.
Bitcoin Cash and Kim Dotcom was a love affair that was sure to happen. As with the past, Kim Dotcom found what he was looking for, and there is again a fight to be given.
Finally
It is possible to create anything using Bitcoin Cash with payments.
Maybe Kim still has small progress with either k.im or the rest platforms he previously announced, but the comeback when it happens it will bring a storm that will create conditions for mass Bitcoin Cash adoption in the digital field and online money transfers.
Even Twitch performances that was also announced would be awesome and send the message. Maybe Twitch needs moderators on the chat, so I'm going to apply if Kim wants and I'll make it a daily job to support his content if he decides to stream daily.
I watched the documentary "Kim Dotcom: The most wanted man online" and if anyone wants here is the link, but make sure to use a VPN since some regions have been removed. https://www.youtube.com/watch?v=udAFWsSnxsI
Also remember to visit whybitcoincash.com, a website founded by Kim, with information and support explaining the benefits of Bitcoin Cash. https://whybitcoincash.com/
Thank you Kim for everything, and the support to Bitcoin Cash. Together we move united to achieve our goals and make Bitcoin Cash a success.
The EU Is Getting Ready A CBDC And Plans To Ban Crypto Mining And Trading
What about this? The secret talks from the side of the European Union take it to a whole new next level of completely banning cryptocurrency trading and mining from the continent.
And we talk about China and the ban that was expected, but few expected this. From the supposed champions of the free markets.
Bitcoin is useless, and those that care about it know it is extremely risky as an investment, also there is nobody using Bitcoin for anything but to trade and profit from it.
The EU doesn't want to just ban mining of Bitcoin, but also all proof of work cryptocurrencies, and this is all discussions behind closed doors, while we were expecting at least a small regulationary announcement instead.
But the EU seems to not understand differences.
Todays news from Netzpolitik explain a lot of what will make even enemies of cryptocurrencies feel that Europe has lost its sense of responsibility to the free market. https://netzpolitik.org/2022/climate-measures-behind-closed-doors-eu-officials-talk-about-banning-bitcoin/
Needless to say the whole issue with the European ecology was not created by CO2 but decades of nuclear weapons testing and nuclear labs accidents.
But even when CO2 is being reduced in the EU, there will still be energy demands that will be covered by the massive investements made in solar and wind energy sources.
EU has very few mining farms mostly in northern regions and the data we know of, are not even visible compared to the rest industries of the continent. What is the point of the European Counsil here if we all know there is almost no mining in Europe?
There was a PoS against PoW argument too, with politicians siding with PoS and even talking about Solana and how it manages with PoS to achieve a cryptocurrency.
Well, this is not decentralized. Solana is like running from a singe server, like the typical guy with a desktop PC at a basement coding and creating a cryptocurrency he could control completely, until, the feds kick the door and seize everything.
This is the target here, it has nothing to do with ecological concerns, as there is limited mining in the EU because of the high cost of energy.
Not producing cheap energy so what can you regulate about mining?
So, what the EU now is concerned is to ban trading. Within the endless lies and the storm of hate against cryptocurrencies, the European Union proves once again it is governed by thugs having not the interests of the Europeans in mind, but the long lasting positions in governments, and keep them for decades until they hand them to their offspring.
Finally
As an investor it scares me. I don't care that cryptocurrencies are not protected by government regulations or economies, this is not my interest, I scared beacuse we move back years ago into banning what has grown to be an industry.
Banning BTC could make sense if enough data was pointing out mining in the EU was constituting a large percentage of CO2 emissions in the continent.
Read the link here and discover how wiked the European Union works without any more commentary from me. https://netzpolitik.org/2022/climate-measures-behind-closed-doors-eu-officials-talk-about-banning-bitcoin/
A euro-CBDC is developing so Europe makes its move against crypto similar to China. We probably expected less voices of similar authoritarianism in Europe, but politics did not change at all, communist or democratic, all want contol of the money and will not allow a bunch of nerds ruin it for them.
We will see as this is not going to end soon, but the fight will be with many rounds.
"Bitcoin Cash CodeBase Is Far Superior than BTC's" - Colin Talks Crypto
Something we all know and often tell is where could Bitcoin be today if there was no split and the block size was increased without having all this unecessary argument that led many to think there was malice and inflitration by agents in Bitcoin.
Where will Bitcoin be today, without Bitcoin Cash or another fork, but as a Bitcoin that incraesed the block size. Where will Bitcoin be without RBF and following what the Bitcoin Cash developers suggested.
We may think of how the future could have been today using our logic.
The Bitcoin Cash developers were not naive to want to split Bitcoin and create an extra coin without a reason or to scam someone as BTC is always suggesting.
Colin Talks Crypto explained it with a thread he posted on Twitter yesterday, but I will only mention one focal point whoch is what many of us are still wondering today:
In terms of price if no split happened and Bitcoin deployed the same upgrades Bitcoin Cash had, then Bitcoin today in 2022 would be challenging the dollar dominance. And after five years or perhaps 2030 would have become the reserve world's reserve currency.
This was the trajectory, the direction the adoption of Bitcoin was taking, and by far Bitcoin Cash today is superior to what has remained of Bitcoin, that contains some ridiculus campaigners discussing markets and investing unaware of how markets or investing works.
Finally
Who is not being honest? Bitcoin Cash or the maximalists that can not win a single debate and always end with using swear words, aggression and just calling others scammers? Where is the benefits of discussion when you only meet sockpuppets muttering inexplicable sentences and even when they are not insulting with expletive language they insult with their ignorance of events, technology, code and markets.
Now, there is a part of them, that don't have the faintest idea about investing and just bought BTC at a very high price, or just think that with 1BTC they will become millionaires if they confront any non-Bitcoin believer on the internet.
Makes sense right? Yes, this is what investors do. They buy a stock, and start cursing and threatening anyone that didn't buy it on social media.
Congratulations to Colin for stating his mind without fear of retaliatory comments by the maximalists, who they certainly will plan to create problems to anyone that supports the truth. Colin, as he mentioned in a tweet, has no investment in Bitcoin Cash today, but he expressed a position that is real and honest and everyone that is not binded by BTC bags applauded his position.
Subscribe to Colin's Channel on YouTube, he has decent content. https://www.youtube.com/c/ColinTalksCrypto
Control The Bitcoin Cash Private Keys, This Is Your Future
Bring your BCH home, withdraw from exchanges and don't let the exchanges control them. Home is your noncustodial wallet.
You are in control, and Bitcoin Cash does not need any exchange.
The hackers lately target Defi and blockchain gaming platforms like Ronin containing vulnerabilities but the big exchanges are always a grand target for the hackers.
You've probably heard of the notorious North Korean hacking groups, which is often used as a scapegoat by other groups and for other reasons than to find the real criminals.
We haven't experienced a major hack lately in an exchange, and it is possible we will. Maybe it will be Binance again or another one of those claiming the highest security.
What we do is send our cryptocurrency funds out of the exchanges and into hot or cold wallets that give us access to the private keys. I cannot overemphasise the importance of this, as funds are not only safe when we control the private keys, but we are the only one that can move it.
I made a mistake in the sentence above that many in crypto will make too. We do not transfer our coins in exchanges or wallets, we do not hold the cryptocurrencies in our wallets and exchanges do not hold our cryptocurrencies in the exchanges.
The coins, let us say it is all Bitcoin Cash for this purpose, do not exit the blockchain but only move between addresses in the blockchain. To move the wallets we will need the private key, and the exchanges hold these private keys when we trust them with our Bitcoin Cash.
What we hold is not coins but the private keys. We use a private key to access our Bitcoin Cash address that contains unspend Bitcoin Cash and we can spend this amount by moving part of it or the whole to a different address.
Some wallets are called custodians or custodial. We also have cusodians like the crypto exchanges and trading platforms, and lately some banks are adding some of these custodian options for investing.
All these exchanges or trading rooms are not responsible to refund anyone whatever happens to them or the cryptocurrencies they are supposed to secure for us, so they are not responsible to refund the users if they get hacked, or lose the funds, or just block access to the funds. They control or hold your private keys, and you trust these exchanges will proceed by executing your withdrawal transaction if there is this choice available. Many of these trading rooms are just trading rooms and do not allow withdrawals.
You only control your crypto with the private keys. You are not in control of your Bitcoin Cash in any other terms. You will have to ask Binance for permission when you want to withdraw and if binance doesn't feel like, it will not send your Bitcoin Cash.
Understand this danger now and why when we don't hold access to our private keys is a risk? There is so many in cryptocurrencies today, and they don't, while this is the very first thing about crypto they should have learned. And everyone is in risk trusting all these platforms and big exchanges thinking they are unhackable. Are they?
The worst part is these platforms have no obligation for refunds unless they proceed in this way. If most of the funds are gone, users of these exchanges should not expect anything back.
The examples of the hacked exchanges not repaying the users or repaying a very lower rate are many, with the top one MtGox.
Invest In Bitcoin Cash And Keep Stacking Green Sats
Bitcoin Cash is no joke, you watched it rising yesterday 15% and back into the bullish territory.
In the previous wave I explained $400 was the maximum it could go and then a drop to $350 was in play. I missed both these targets, not because they weren't exact, but because there was again manipulation from exchanges that didn't allow Bitcoin Cash to reach its full swing, and eventually dropped lower.
We watch the price breaking the $300 level decisively and we now wait at $320 but aiming for $400 in the next few days.
How much was it? I think $390. And I also wrote that it will find resistance at $400 for some more time, before backtracking to $350. It went way lower, though, because of the known manipulation. I don't need to find evidence of naked shorting, this is already written on the chart.
And we already learn a few more news from some shorters that are now forced to shut their operations in the US. Maybe all this negative to BCH sentiment we often watch is not at all BTC maximalists but funds that short BCH and have a profit by shorting BCH and keeping price at this low valuation.
I will analyze another prediction I made from my previous post, because it is professional prediction analytics performed by quant analysts I get advise from.
In this prediction What Now Bitcoin Cash? I should have reduced the prices by $50 which was the cutter the shorters installed and it was also one in a panic. https://read.cash/@annayks/what-now-bitcoin-cash-054d5d8e
Sometimes these shorters los money to keep their shorts active and keep the price of Bitcoin Cash at artificial low level, that nobody even believes is possible to reach.
The shorts will not stop, but will keep pushing the price down as this is thow these work now. The wall street bankers that pushed their portfolios in significant positions in BTC, for any reason they understand they fear Bitcoin Cash will be a long term competitor and now with all these enormous funds at their disposal they waste some into this logic.
All those we watch posting against BCH, are the real shils. Wall Street shills, that are way worse than crypto. In crypto even the shills are just normal people, the Wall street shills don't care for anything else than their bet to succeed and enter in a frenzy mode to accomplish it.
How the hedge funds operated all this time when shorting Tesla, AMC, Gamestop? They had media presense, frontmen to visit news channels and express negative feelings towards these companies, and a huge network of shills that they paid from their pocket. Maybe some claim it is Blockstream, but it is not.
Anytime someone claims Blockstream is behind these shills, they don't understand it, because they never knew what Blockstream even is about.
At $400 and $700 are some points where traders expect to sell. With my plan I will buy probably at $400 in April, and $700 in May.
I buy Bitcoin Cash and a few more cryptos that have a solid use case and work as planned, not networks with delayed transactions taking hours or days to validate.
So, I don't invest in ETH, BTC, or MATIC, since:
i) these networks don't work
ii) the fees are excessive when transacting
iii) they are high risk investments at this price
I DCA on Bitcoin Cash and as I wrote I bought this month and will keep buying with the same dollar value amount every month for another two years. This investment will allow me to keep buying at different levels and increasing my portfolio with Bitcoin Cash.
The price will keep rising. It is now at that point at about $350, and will break $400 this month.
The next top will be $700 in May. There is no stopping it, as the shorts will reach to a point of losing their shorts instead of keeping BCH down.
Finally
This is what happens when you manipulate markets and the asset is implying a project that contains indinspensable value for the public.
Tesla shorters were digging their graves for years, they lost billions. And the same happened with other stocks when the silly model of naked shorting or overshorting and using public relations to achieve your goals was exposed.
Bitcoin Cash shorters will meet the Tesla and Gamestop overshorters in the same grave they are digging. There is not even 1% chance Bitcoin Cash will stop increasing and attracting new people, or achieving its developments and presenting a concept of a paradigm as a cryptocurrency.
Everything works in Bitcoin Cash and gives us only hopes for a successful future. There is no chance in hell BCH will not rise into a price multiple times higher from $300. In May I'm expecting $700. Let's see will this target be met or we will have some strong counter attack from shorters selling their sh** to keep the price suppressed? The higher it will explode when they fail completely.
About SmartBCH Present State Of Tokens and Miners Of Bitcoin Cash
I supported so many times the tokens in smartBCH and some of them really went to the bottom and collapsed leaving blood and tears on their trail.
We had some fun while it lasted, but after the (final?) BCH crash from $720 in November down to $260 in January, almost all new projects are not worth our time or our money.
For this reason I have stopped writing about rug pulls or slow rug pulls that damage the smartBCH environment, I gave a few warnings right before I stopped advertising these projects and stopped losing money into scams and new shady DEXs.
Even with the established DEXs I didn't earn as much as I expected when I was adding liquidity and also didn't manage results of what other smartBCH traders announced on their youtube channels.
Although, Bitcoin Cash needs smartBCH, it brings hope and lets us aspire of a better future, as it is way better sidechain than some we find out there pretending to be world class technology, but only fail and fail again (Polygon).
Developers on Polygon get well paid without having anyone using what they develop so for a few years they aren't going to leave Polygon. Those staying in Ethereum, stay because they also find funding and are interested mostly in defi and nfts but stopped developing anything else.
Avalanche is today what people on the internet push as groundbreaking technology, but somehow I feel it was only another pump & dump, and will not achieve too much either, no matter the hype and support it found.
As long as investors keep pouring money in non-functional networks they will attract the top developers and the blockchains that have no such incentive will only attract the greedy and simple-minded developers that join smartBCH, only to rug everyone and steal perhaps 10 BCH, which will gladly sell for dollars and feel happy they got money to pay their rent.
Changing subject, Bitcoin Cash price almost touched $400 just days ago, and today we are back on course to $300. I kept researching and someone I follow in Twitter gave a good explanation.
It was the beginning of the month, and we can observe how every month, close to the first days of the calendar, big dips happen sending the price to the floor and disprove our bullish sentiment.
A factor we often don't process in our trading, that constantly pressures the price to the bottom. Miners have to pay electricity bills, possible rent, and cover the cost of mining to keep the blockchains running and operating with high standards of security. We all understand this, but maybe a better management of their resources could create better terms for Bitcoin Cash. Miners are no longer concentrated in China, and with the information we find today available on the media we can't be aware of the whole industry and how it behaves.
But still, miners are just dumping, each month, at the beginning usually. At least one time each month the top miners sell their coinbase BCH, and some BTC.
Miners should know they damage their customers when they sell like that, and the Bitcoin Cash system has users besides investors. If they damage Bitcoin Cash, then it is all over for crypto and it will not last not just in the long term, but also in the next 2 years.
Finally
You plan to damage Bitcoin Cash? You end crypto.
Who is behind the propaganda spreading online against Bitcoin Cash?
There is only a handful of cryptocurrencies today that still make us hopeful of better adoption. If miners do not support these, then who will? The bankers that support BTC today, just to dump it call it a failure and support CBDCs tomorrow?
Your vision is short sighted. All these mining farms that operate for profit today think BTC will keep rising in price since adoption will be increasing.
No it will not. This is not the plan of the bankers that control the narrative.
You will soon find some cool articles explaining how CBDCs are the evolution of money and Bitcoin under the BTC logo will not stand a chance to compete with it.
If anyone in crypto today is interested in crypto, they should support Bitcoin Cash.
Those that try to damage it are siding with the elite that controls the population by controlling the money.
Also make us question about the motives of everyone involved. For the miners, they run a company and profit is the decisive factor, but the threat of having their industry destroyed by CBDCs is there.
Investing 101: Invest In Bitcoin Cash
A based portfolio demands diversification.
This is what they tell you, when you invest but doesn't have to be scattered in thousands of little pieces. Not going to help you achieve anything better rather than having only a few investments you completely support.
If diversification is what you need, there are indexed funds to trade, and ETFs, with a basket of stocks or cryptos. I explained my plan previously to DCA into Bitcoin Cash for two years, with almost one year passed and another one remaining, and hold this allocation for many years more with limited purchases and sales during dips.
Also have some plans to invest again in a few stocks I sometimes visit and will split my portfolio equally between crypto (which mostly is Bitcoin Cash) and stocks by 50-50.
In the past I pushed these all ins in some cryptocurrencies that was impossible to stay in a low valuation for a long time, although sold these later and bought again more as prices dropped.
One of these allins was so profitable it gave me profits enough to last for many years. This was buying ETH at $90 in 2018 and BTC at $4000 in 2020 and never regretted pushing all my dollar balance in these two, but of course sold everything later as the profit in 2021 was exceptional. Sold at ten times higher or with most of my Ethereum twenty times of my investment.
Today Bitcoin Cash is the main one I both invest and trade, simply because it is not difficult with this low price. As easy as it was to buy Ethereum at its collapsing price of $90 the same is today with Bitcoin Cash, but with a greater plan, that will keep increasing my allocation.
So, the point of this article, the previous month that I told you it was not clever to sell too low and at least hold at $260. In an investing point of view, selling now is wrong, as it is the level to enter Bitcoin Cash with good odds.
Although, I will have to write again that this is not about every read.cash writer that has no money to invest or doesn't value cryptocurrency or doesn't understand how to invest and profit.
You guys that comment, I feel you, sincerely, but you don't really get what investing is and probably you will never will unless you change mentality.
I am definitely not writing about those that think they "earn money online" and sell for pesos or USDT and definitely not for those that don't care for what Bitcoin Cash is in order to invest and keep this investment intact and increasing for years.
I write mostly about investors and traders, and sometimes will make references to the "earning money online" guys because often they comment and follow me. You guys though, are not investors or traders. You just sell all the BCH you make from Read.Cash for pesos and whatever currency you use. I mean, you think you are happy to sell, but really, are you? How happy were you selling for $260 and what opportunities you miss, you don't even realize.
This and my previous articles are all advice on Investors and occassionally traders, except perhaps where I specifically mention the Read.Cash "earning" community.
I love you all and care for you, and feel you, and understand you. It is not that I don't, or want to seperate frp, you, but you are not investors when you have hands that can't hold BCH not for years as investors plan, but not even for days, and then you don't use BCH either, but only sell to pesos (I write about pesos, but this is also bolivar, dollar, and euro for others), then I feel obliged to write this part.
I don't think you guys, at least most of you, will learn about investing or trading or crypto generally, because you don't care. I also don't think that Read.Cash and noise.cash should be paying everyone me included. I don't write anything amazing or intelligent, most of my articles are simple. But it will be a lot better to pay those that support Bitcoin Cash, hold their BCH and not just sell everything. Most are weak hands, perhaps I've seen a few that are also investors and holders for the long term, but not most.
Finally
I hope to find more investors like me, that buy Bitcoin Cash with USD or euro, or peso, with profit from trading or profit from their time in crypto. I can't really communicate with those that go the opposite way, treating crypto like a quick way to make dollars euros or pesos fast and sell since they never cared.
I like that I receive comments but I feel weird to have to respond with guys that don't care about Bitcoin Cash, but claim they do.
My content in Read.Cash is probably not attractive enough to have these many views a few in read.cash achieve, and I respect these writers too, even when they have no new content and just write a short essay about members of the Bitcoin Cash community.
Although I respect more those writers that kept what Read.Cash paid them and treated it as an investment instead of selling to the worst possible investment which is fiat money. I have found some that did that and they didn't sell their BCH for peso or dollars, but did some amazing things with it in smartBCH or even with other blockchains, risking of course, but doing it the right way.
You don't multiply your dollars by holding dollars. What remains in your bank is less dollars every month and year as it is eaten by inflation. You multiply your dollars or peso or euro, by investing them.
You got no fiat, euro,dollars or peso to invest but also got no job either to make some? You can earn from online and hold what remains in cryptocurrencies and Bitcoin Cash. Is this your job to write online about cryptocurrency? Keep some of it as an investment then.
If you don't keep BCH today or hold nothing in crypto, my articles are not about you. I'm sorry, this is most of what I write here, and you will not understand why and how I profit from this.
It is a different mindset, a way of thinking to profit, a world view.
Billionaires Are Interested In Bitcoin Cash
Institutions are targetting Bitcoin Cash and the structures are there for any kind of open interest.
Beyond the institutions, we should be expecting growth from investors with economic dynamic of millions of dollars on their purchase since Bitcoin Cash is now on the mouths of Wall Street.
At this price Bitcoin Cash is simply too low, and sustained too low to allow the big buyers to acquire a relative powerful position that will present profit.
Maybe it is not easy to comprehend, but soon we will find many of the most wealthy and powerful talking about Bitcoin Cash. Not BTC, not Ethereum but the green Bitcoin that has the ability to succeed where BTC failed.
Many reasons contribute to this, and we already have two candidates that probably enjoy accumulating at this low price of Bitcoin Cash, but have not openly admitted. They've taken a good look and noticed Bitcoin Cash, to a point of discussing it and researching the adoption.
Elon Musk, who feels the need to control Dogecoin developments found it as Kim brought Bitcoin Cash to him, one year ago, although Elon Musk didn't discuss about Bitcoin Cash again or agreed with Kim again.
Musk suddenly one day bought BTC after it exploded in new heights and passed the $20,000 previous Bitcoin ATH, and made some more claims about using it, which didn't happen.
But in the meantime, Musk was a factor that contributed to the price as he often discussed BTC. Maybe once in two years, but he did, just like he did with Bitcoin Cash and Kim's tweet.
Then we have Cuban that is also a person that takes risks when necessary and can achieve these targets he sets with or without extra means he has available, but with a different approach than Musk.
And, maybe you don't know but there are many more that have openly talked about Bitcoin Cash, in certain days, all understanding that Bitcoin Cash is the real deal.
What do you think, that billionairs made their money investing in stocks that have no future and produce nothing, or in stocks that are useful and have billions of potential users.
Finally
To understand a billionaire, find a biography and read the investing parts. They all invest in what seems or is strong in theory and in practice.
Nobody will stick with BTC that is weak and performing like a recently bought damaged used car. The lightning network is only there to deceive the investors that bought and sell them snake oil.
Bitcoin Cash is so far ahead in technology, that BTC will never reach it.
How do you think billionaires are made and do you know who are the next billionaires that Forbes will feature in a few years? Roger Ver and Marc De Mesel. And a few more from rest from the Bitcoin Cash whales with the largest positions.
Bitcoin Cash Is The Future
This is all too early, if you still haven't bought Bitcoin Cash, this will be a mistake to remember when your children ask you ten years later.
This is not about the hodl, don't just invest, be a user of Bitcoin Cash and clear your mind from what you've been told about money and crypto.
Crypto is the future and Bitcoin Cash is the best example of crypto out of anything else.
Ask, what is this you need from money and what kind of money fits you.
For me, it should be fast, have low fees, belong to me and nobody should censor my transactions.
Is this BTC, or Bitcoin Cash? Or you really think that all these Bitcoin maxis you meet care about what you need? Everyone of them is a sellout, using the dollar, and made millions selling the BTC narrative of digital gold.
Did you have the need for digital gold? Did you need gold in the first place and why?
If you don't ask the real questions you won't have many chances to be one of the winners in the greatest redistribution wealth of history.
Many intelligent and successful people are coming out and discuss Bitcoin Cash presenting its fast and low cost attributes.
A Bitcoin that works with cheap transaction at all times, and is already scalable, without the need to fund and create private sidechains or Lightning networks.
Bitcoin Cash is the one that the most intelligent people today find it to be where the future will move into.
Ask perhaps Mark Cuban why he mentioned Bitcoin Cash in a dicsussion with the maxis. Ask Elon Musk why he responded to Kim Dotcom's tweet and agreed with what Kim said about Bitcoin Cash. Or Rolando Brison, why he selected BCH and seems uninterested of BTC.
Is Elon Musk or Mark Cuban friends of Roger Ver and doing him a favor? I wish they were but no, they probably never talked to each other before.
This is not about Roger. If you don't understand why Bitcoin Cash is already becoming a hot crypto, you are out of your mind and should just stick to your job, get your paycheck, invest some in BTC and hodl thinking BTC will make any significant changes in finance or currencies.
If you really can't see the huge difference and the benefits of using Bitcoin Cash over BTC then you are free to use the Lightning with KYC, are free to use BTC with $50 fees, and free to pay the BTC miners for you never really cared to escape your poverty.
Hoping that something will magically change and BTC will become an option to use for shopping, online commerce, or payments of bills, is like hoping you will get a pay cut. This is what you get with BTC, either the government above your head monitoring and censoring your payments or high fees.
This is not what you get with Bitcoin Cash. You get a cryptocurrency you can use. Not one you hodl and stupidly hope will make you a millionaire. And then what you gonna do? Sell your BTC for your fiat again because you can't use it for anything and hope your banks will not seize your accounts.
Wait and hope as everyone else. Doing nothing and all the gold in the world will appear in front of you because you think you deserve it.
No, you don't deserve unless you do something.
When the moment is right, you need to take action. This action is Bitcoin Cash that will soon be accepted by your local merchants.
You will be visiting the bakery and the baker will ask you to pay in Bitcoin Cash instead of any other currency you hold.
It won't be BTC, USDT, Doge, ETH. To the merchant, these are all shitcoins.
You see now which is the real use case and what you think it was instead?
Lightning is a failure created by a private company to suppress the rapid adoption of Bitcoin at a time when it seemed Bitcoin was about to challenge the dollar. This company works to support the dollar and all the banks that failed us massively throught their centuries of dominating finance and currencies.
Finally
Follow your logic anytime you find all these ill-suited messages full of hatred and rejection of Bitcoin Cash, because these are not even all from maxis, but most of them are from the banks and government agents themselves.
They know nothing about Bitcoin or Bitcoin Cash, but follow a logic of posting negative impressions with completely stupid points to make, that will only affect someone that didn't ever use any cryptocurrency previously.
And there will be the same soon, as smartBCH will begin its rise into the DeFi and NFT markets, although, I doubt these idiots understand the slightest thing about these technologies yet.
SmartBCH will achieve so much you won't believe it but most of all Bitcoin Cash will benefit from this. The tokens that are useless will remain like that and will not find money entering the pockets of the developers but wlil be removed completely from the map.
Either be useful with your tokens even if these are just meme tokens or don't do anything at all.
(*All the images here are free to use and not copyrighted)
The Fundamental Principles Of Bitcoin Cash
Adoption of Bitcoin Cash is increasing not because we force companies and individuals to use Bitcoin Cash with legal pressure, but because we explain Bitcoin Cash to everyone and they decide to adopt it as a cash system different to the dollar.
Dollar's hegemony is on the verge of collapsing and the best alternative today is Bitcoin Cash.
Bitcoin Cash if first of all digital cash, in the terms of the Satoshi whitepaper, a Peer-To-Peer electronic cash system. https://bitcoin.org/bitcoin.pdf
Bitcoin followed two different paths years ago, after the blocksize debate divided the Bitcoin community into two (and later more) camps.
One camp is the one that get to keep the Bitcoin name and logo, the Blockstream, or Core camp, and the other part that upgraded the code to help Bitcoin scale is Bitcoin Cash.
This alternative to the dollar today is Bitcoin Cash, and it becomes absolutely necessary for multiple reasons that we can quickly examine:
Secure
Trustless
Permissionless
Decentralized
Reliable
Open Source
Not censorable
Borderless
Adopted
Fast
Inexpensive to use
Some of these terms probably puzzle every beginner or even many of the top investors of cryptocurrencies and Bitcoin or Bitcoin Cash.
Let's review them one by one.
Decentralized
Nobody is in control of the network. No single team controls is, no single miner or server exists either. It is also called mining decentralization, with miners scattered all around the world, mining Bitcoin Cash with full nodes, using electricity to include transactions in blocks and quickly process them.
The race to find the next block is based on solving the SHA256 algos the Bitcoin software includes, and increase the difficulty of this cryptographic algo as more miners enter the race.
Security
Bitcoin Cash is secure, the network can't be hacked because it is decentralized. There is no single server for a hacker to exploit, the process of block creation upgrades all the thousands of full nodes operating around the world.
Difficulty of mining adjusts every block to keep miners incentivized, and making BCH mining a profitable venture for the miners.
Bitcoin Cash has never been 51% attacked, and the hashrates that secures the network is higher than most cryptocurrencies based on proof-of-work.
Permissionless
Everyone can start mining Bitcoin Cash, run a node, propose code changes, work as a Bitcoin developer, start a business using Bitcoin Cash, transact with Bitcoin peer-to-peer, without permission by a central authority.
The network rules are on the network itself, and anyone that doesn't follow consensus is excluded from the rewards of mining.
This is similar to Bitcoin's system, and also based on the decentralization factor, but, in BTC, code chances are dictated by only one team of developers, Core (with most devs of Core also working for Blockstream).
This is where Bitcoin Cash shines since there is no single team of developers in charge of developments, but multiple teams working in consensus to adopt and deploy code changes.
Trustless
Trust is not a requirement. Trust is also a disadvantage for the user.
Bitcoin was created to cancel trust since this is a feature of the old approach of the banks and governments when dealing with finance.
Bitcoin eliminates trust, and the open-source nature and transparency of the blockchains present de facto data that can be researched on the blockchain.
Bitcoin Cash is a trustless network, not in the trustworthy sense, but in the sense it negates the need for trust alltogether.
Reliable
An outcome of the trustless attribute of Bitcoin Cash is immediate reliability. Although, reliability in a network is lost, the moment fees of using the network start increasing, and transactions delay more than usual.
The Bitcoin Core network (the one with the Bitcoin orange logo) is not reliable.
Multiple times fees of BTC have reached astronomical values. $ 50 or $ 60 dollar fees not only make a network unreliable, but also make it completely worthless. Most of the time, Bitcoin Core fees will be about one dollar, making incompatible for global payments and unreliable as a network.
Bitcoin Cash fees are constantly low, most times lower than $ 0.01 and while some random spikes exist the average is usually lower than one penny, even lower than $ 0.001 often.
Beyond that, we know our transactions will be processed usually immediately (in one second or less) or depending on our wallet it may demand one confirmation, which is ten minutes. But this is not going to take days or weeks as we sometimes see in the congested BTC network.
Borderless - Not Censorable
No government or third party can stop a Bitcoin Cash transaction on the blockchain. This is the same with Bitcoin Core. It is the advantage of cryptocurrencies (decentralized) against the dollar and the banks.
Bitcoin Cash does not have borders or nations, or governments in the code. This is all irrelevant to the network. There is no backdoor for a government to use and freeze funds. Nothing can be confiscated or censored.
This is the network, but we will find wallets acting against the users of the network. Services that offer to host the keys and use the Bitcoin Cash we send them, on our demand, just as banks. The custodial world in crypto is a trap we should avoid.
These are the exchanges (Binance, Coinbase, etc.), some wallets especially for BTC that are government controlled (Strike, Chivo), and more wallets that don't present to the user the private key or the phrases to the wallets.
Bitcoin Cash Adoption
Map.Bitcoin.com has more than 10,000 merchants listed that accept Bitcoin Cash. Global adoption is probably still low, but imagine the potential once Bitcoin Cash is recognized and adopted by 100,000 merchants or more. This is the beginning of something great.
Speed and Fees Of Transaction
The first time I used Bitcoin, I wanted to transfer from one exchange to another, to trade a few crypto that I felt they were about to explode in price.
I transfered $1000 and received $930 on the other side. I was a beginner and thought this was the exchange asking for fees to process this transaction, and have seen way higher fees when trading stocks, when paying for subscriptions, or account maintenance with banks. This wasn't too much, as some banks charge $1500 yearly for a simple investing account.
But these fees were all blockchain fast speed at that moment. I paid $70 fees for a payment. Immediately erased Bitcoin from payments as this was looking more like a joke to me.
Bitcoin Cash changed everything. I still wonder what are the Core developers thinking. Perhaps were convinced by banks that money needs to be inflating and there was some deal to quit upgrading the network and they would get in to allow them to sell for millions. A trade off, that included betraying everything Bitcoin stood for.
Bitcoin Cash has small fees that are not even considered by any user when we are moving BCH or paying with BCH. Speed is always instant with certain wallets, and with some others it can take 10 minutes maximum for one confirmation.
All the above, is what every cryptocurrency has as fundamentals, but only a handful achieve in total. And except all this, Bitcoin Cash has smartBCH, smart contracts similar to Ethereum, NFTs, DeFi, and a way to trade our Bitcoin Cash in DEXs without having to touch the dangerous cryptocurrency exchanges.
Finally
Bitcoin Cash is easy to use. Anyone with a mobile smart phone can download a wallet (bitcoin.com is one I use) and back up the private key. The keys or the phrase are the password that will open this wallet. It is not the application on the mobile that holds the BCH, you can delete it having the private key, use the private key on another wallet and find and send again your Bitcoin Cash.
There are options to trade Bitcoin Cash without using exchanges too. But if someone has to sell the Bitcoin Cash, and send to a bank, this will need a CEX like Coinbase, and a whole troubling procedure of KYC. Also, any funds in these exchanges are not at our hands, but at the will of the exchange to transfer them.
These exchanges can anytime freeze our funds, and ask for anything they want, usually private information, documents, transactions.
We are in a different process with Bitcoin Cash. And this is not told to Bitcoin beginners by the BTC advertisers. Pompliano will never explain to you, that Bitcoin is a revolution, but only a method to make more dollars.
It is not. It is a move from the dollar to a system that gives all the power to us. The owners of Bitcoin Cash.
Change Your Life With Bitcoin Cash
Without introduction and right to the point, Bitcoin Cash is a life changing opportunity and you should understand this either NOW or never.
This is for every member of Read.cash and Noise.
One that we can either invest in aiming to sell at later date for a small or significant profit, or one that can really change the way we financially behave.
Have you ever wondered what is this financial freedom you have by using the reliable Bitcoin, that presents low fees and fast transactions? This is Bitcoin Cash.
I am still using the fiat system and everyone else does but we are also moving ahead and can completely stop using it very soon.
Bitcoin Cash is this opportunity that doesn't come often today. The maxis have achieved to drag BCH into a very low valuation, but those that understand invest massively.
This is also your opportunity. Yes, you the reader, that are also a read.cash writer perhaps joined read.cash and noise.cash to "earn", but have not understood this is a lot more than your USD, EUR, PHP.
I told you to stop selling so many times. You kept selling at $250. Remember this and in two or three years come back and find out how you could have changed your life if you didn't sell everything for your dollar or peso immediately.
Marc shares some of his BCH wealth, for many reasons. He is a great guy doing that, but the $100 you make today will be $10,000 in a few years if you only manage to change your mindset from being a fiat slave into a strong-willed investor.
I ask for forgiveness from the read.cash platform and my audience for what I'm about to write, but I have to write this plain and clear.
Are you dumb selling your BCH for crap national fiat currencies? Really, what are you doing mates? Do you not see or realize the unlimited potential?
Maybe Marc should stop paying or cut payments in half since all I read from most of you, is how you sold your BCH and how excited you were about selling.
Do the math.
Look at what price you sold and the profit you are missing. You will never succeed unless you change your mindset. Do you all suddenly have needs you didn't have before read.cash and noise.cash? No. You changed your habbits and have more expenses.
You don't use BCH either, you don't pay with it. Why are there no shop owners accepting BCH where you live? Because you didn't try to talk to them, you don't care, you just want to sell everything immediately in your coinbase or coins.ph account and transfer to your bank.
Well, this is peanuts.
This is what you want from your life? Eating peanuts and fighting elephants for peanuts every day until you are old?
Finally
Do something to change your condition, you are not wealthy, I am not rich either, but changing the mindset that keeps you in poverty is what you should focus. It will not happen in a day, you will need to grow some skin.
I don't like to claim this phrase that I've told you so, in fact I hate it, as I told you to change your habbits. But I feel that there are many that are hopeless and have no intention of changing.
You know what the endgame is? Us the holders and users of Bitcoin Cash, amassing thousands of times more value than you and your fiat loving ways. You can change now, it is not late yet.
One final hint to make it easier to everyone: Reach 20BCH at any cost.
This should be your minimum hold position for Bitcoin Cash forever. You can't risk trading while holding less. Make this target, accumulate 20BCH, you can do this in one year without even investing, since there are many opportunities.
(image is taken from pixabay, non-copyrighted)
What Now Bitcoin Cash?
Bitcoin Cash entered a different price range lately, and stopped the negative downtrend. This is a possible macro indicator for a protracted bull run that could last a few months and BCH can achieve a better price range in the BTC and USD pairs.
We watch the price breaking the $300 level decisively and we now wait at $320 but aiming for $400 in the next few days. $400 could be challenging again, and we will bounce up and down a little. I will not trade this price range as I have a longer vision for Bitcoin cash, and my trades are done after buying all BCH I could below $300.
Will accumulate again next month with dollar cost average strategy that already performs great and will keep buying BCH for the next year or two.
The bear market is when we buy, buy, buy, and hold to our investments. When the bull market begins again we set our targets and sell some of our investment, not all, we sell those that have no chance to make it anywhere.
As Marc tells, keep your winners, sell your losers. Bitcoin Cash is going to be a huge winner nobody will want to sell.
What we see lately is BCH sliding at oversold territory and only for the last two weeks managing to indicate it can react. I've also checked some wallets with tens of thousands of BCH dumping the price, and when combined these wallets with the BTC maxis and their fake accounts cursing Bitcoin Cash in Twitter, we can assume there is a plan from BTC whales that still hold BCH in their wallets and use them to create troubles with the price.
We can't do a lot about them. Most of the BTC maxis sold their BCH, and some today lose their money selling their BCH in a desperate attempt to drag the price lower.
I can't explain why they sell constantly, and daily, to keep the pressure and decrease further the price, but we can all assume this doesn't last.
Bitcoin Cash can rise indefinitely with adoption. There is an escape of the declining (to BTC) price, and it has also been three years since the all time low price of $75.
The price is growing and any news on adoption increase it immediately.
We are in the right place to be, invested in BCH today, and it is a great price to increase our investments.
Finally
Those BTC whales dumping the price will find themselves eventually holding less and less BCH, insignificant to affect the price anymore.
At $400 and $700 are some points where traders expect to sell. With my plan I will buy probably at $400 in April, and $700 in May, and will not sell there. See, this is the price when alarms will start ringing and the funds will start questioning what they were reading all this time about Bitcoin Cash, they will start funding and supporting any price and the final wave for BCH will begin.
The last wave we expect, will bring BCH in a price range above $1,000 that will sustain it there for a few months until August, or September. That's when I expect the smartBCH to initiate and a new stream of investors to enter a fully developed smart network.
(picture is from unsplash, non-copyrighted).
The Metaverse And The SmartBCH Opportunities
The Metaverse keeps spawning after the announcement of Facebook changing the name of the company into Meta, which will probably lead into renaming the social media website later too.
A virtual world with Oculus or other headsets, endless with unlimited potential.
We have probably all used similar platforms but not with virtual reality headsets. It should be fun at least for games.
But the metaverse as an idea is more than games and entertainment.
Focusing on creating this digital universe we can't tell this will be just Facebook, but all websites will have to change their standards and adopt new technologies offering virtual reality platforms and NFTs that will become the virtual ownership technology standard.
SmartBCH will be part of the Metaverse. We will be able to login with our smartBCH Metamask and hold an inventory of NFTs in our wallet that usable on different websites we visit.
We will buy digital items to create our virtual room, buy land, buy assets and anything we can imagine but all will depend on the platform we use.
The virtual worlds will be infinite. Decentraland is one of them but looking at the Ethereum fees, it is not going to work. There are a few more that are trying but will look crude to those vitual universes the tech companies and gaming giants will develop.
Life will turn into a gamified experience, and perhaps it will consume some into the Metaverse. Aren't we now always in front of our screens and how much do we struggle to find time to take a walk or go on vacations?
The Metaverse will be more realistic than that. More addictive than the internet and as technology advances we will probably waste there at least four hours every day, maybe some immediately will be living their life in the Metaverse.
Jumping from platform to platform, making a living or even better from the opportunities it will offer.
An improved internet that was envisioned since the first 3D technology was being developed. SmartBCH has a lot quality to be a successful engine for the Metaverse, or at least parts of it. It is an improved version of Ethereum, acting as a sidechain to Bitcoin Cash, taking the best from both.
We will see if the Metaverse becomes real in a few years or maybe after decades, but whatever happens it is networks like SmartBCH that will support it better.
Finally
Personally, I think I will probably be using the Metaverse instead of the internet. Although, it will take some time to adjust and we will also need the real life as well. Maybe, we will completely substitute the use of personal computers with an Oculus headset and stop completely using screens.
If there are opportunities and a place to have some relaxing and entertaining time, then it will probably make the internet look bad.
Also, maybe the Metaverse will be different, there won't be so much hostility, as we witness in the internet, although I may be wrong in this. It is usually easier for people to be aggressive towards others when they meet them online. Must be the way we interact with each other, without looking at the person directly.
We have to wait for years to find how this technology will alter our habbits and lifestyle, but if we look at some multiplayer games perhaps we know already.
(All Images used from Pixabay, non copyrighted)
A SPOF In Blockchain Is Centralization And Control
A single point of failure (SPOF) in a blockchain is losing (or not achieving) decentralized status and relinquishing control of decisions to one person, team, or private company.
Having significant influential personalities expressing their thoughts is not failure although still depends on the situation. For BTC what happened was a "leader" appeared out of nowhere, rallied behind him some influential developers and those controlling Bitcoin's websites, while building a sentiment in the Bitcoin community, that he was the creator of Bitcoin, Satoshi Nakamoto.
Far from being Satoshi for many reasons, also having denied it when asked, Adam Back, is the powerful personality that controls every development within Bitcoin today.
Leaders Provide To Their Community
Leaders attract people and rally those around them with their actions. They don't beg a community to make them a leader, but are recognized as leaders with their hard work, dedication, and devotion.
A leader inspires confidence and certainly is not a shady person but transparent and honest with the rest around them. You can't be a leader when your personal interests are above the rest. Needless to say Bitcoin Cash doesn't really need leaders, but there can always be some personalities that have what it takes to promote and send a powerful message.
BCH requires professionals with a honest and serious approach, and already has plenty of them. The more it attracts the better it will manage to cope with the increasing competition.
Leaders of Bitcoin Cash are the developers of Bitcoin Unlimited, Knuth, Bitcoin Verde, smartBCH, Bitcoin.com, General Protocols, and any BCH dev working on blockchain improvements, on sidechains, on infrastructure.
Leaders are top investors of Bitcoin Cash, Roger Ver, Marc De Mesel, Jihan Wu. They don't ask to lead, they just rally others around them with their personalities.
To simply put it, the guy that will talk about leadership too often, is not a leader.
Everyone understands when someone is simply opportunistic in Bitcoin Cash, and accusses developments simply because they will not directly profit them.
SmartBCH is a threat to a few individuals, simply because they hold zero BCH. They sell all BCH they receive for USD, so they wouldn't care for any developments that can become a positive factor for BCH price, if this development doesn't profit them in USD directly.
One person was supported so far by the BCH community to run a campaign, but is full of hatred against smartBCH. Made videos, and posting threads acting like how he thinks a leader should be, with arguments on BCH strategy, while completely ignoring the correct approach but this of course on purpose, since with this guy there is always one.
The same guy that promoted a smartBCH scam bridge a little while ago, against every warning and advice from the BCH community.
Who can take this person serious when all he does is against Bitcoin Cash and SmartBCH.
All this while at the same time you don't even hold any Bitcoin Cash.
Finally
To this person and some that dissapointedly followed them, I tell this:
If you wanted BCH to succeed you would have taken a different route. I don't doubt, I know you hold no BCH and probably never held the Dash you received or no other crypto either. You are a mercenary and speculator, what you love is the dollar, not crypto.
At least be honest and stop manipulating those that follow you, although I doubt you can be honest ever. Turning black into white is your idea of personal improvement. Well, you probably don't get it, but you are mostly ignored or even hated by plenty. A community that had to fight some real battles simply ignored you, but you are not fooling anyone, you got some final funds so some numbers on a map appear more. You didn't do any real work that helped you.
Your associates did everything, and you will stil get most of those BCH and I am sure you sell it all a minute later.
Bitcoin Cash may or may not need leaders, but certainly doesn't need a fool as one. Next time I am mad with someone paid to do a job and fantasizing wealth and power I will refer with names. Staying low for a while is your strategy now, just stay low forever and don't resurface the leader ambitions.
Fork BTC Trolls, Fork CZ, Fork Binance
With the latest price CRASH I will have to reach close to breaking the limits of vulgarity, but will only cross them indirectly.
Got to write this one, though, the butthurt is real, and it doesn't look good for many reasons.
Bitcoin Cash simply follows BTC and drops without any sign of change appearing. It is surrendered and everyone in Bitcoin Cash today is feeling a big blow.
I remember Marc De Mesel telling us how he felt at some point with BCH when it dropped down below $100 in 2018, even touching $80 during the bottom of the last bearish two year term.
I am starting to feel like that today.
The butthurt is real today and there doesn't seem to be anything to change this.
But there are some I accuse for this, those that supported the wrong side of events to acquire personal wealth and gain, while damading crypto. Good job you all.
Fork All BTC Trolls
It gets even worse every time someone communicates with a BTC-turd. These obnoxious, disgusting trash you meet online with some new or low account that feels entitled to write an opinion unrelated to the topic, but as toxic they can make it. Fork all of them.
It looks like the idiots from the Bitcoin maximalist side are happy when price of Bitcoin Cash drops. I can't even understand why would they be happy some others lose money. It is clearly stupid and frankly they deserve any response they get, no matter if it contains swearing or curses.
You don't write funny comments on the investment of others just because you feel better. You are just a bunch of idiots doing that. I've seen some of these idiots in read.cash and noise.cash too, I'm going to f you over if I see you writing anything like that here.
Fork The Stupidity
Fools holding 0.05BTC and just joined Twitter with toxic and hated messages towards another person. Who the hell are you to write these shitty comments?
Are these guys receiving education to be that stupid? I find it impossible for anyone to write such useless and stupid troll comments and thinking it is fun to do that.
Is this how the stupid feel? Happy being stupid?
You are playing a fixed market to support BTC and suppress BCH, you sold out your values and you think you are someone that did well? You are a disgrace as a person. You have nothing logical but just act as a monkey.
Fork you for commenting on Reddit about my money. A good response to you would be me hoping you to lose your job, lose your money, your divorced wife restrict your from seeing your kids, and to be living homeless for the rest of your life. This is what you mean to the rest by telling them to stay poor, cause they did not buy your useless crappy BTC , am I right?
This here is the response. You are happy and hope we lose more money? This is what everyone hopes about you then. Lose everything cause this is deserved for your case.
Fork CZ - Fork Binance
Now, next one, I fork Binance and CZ for following this stupidity.
Changpeng Zhao, listen carefully. Jihan saved you from a stupid move you tried to pull, he was your ally and you are trying to make an enemy?
Fork your exchange, seriously. WTF is going on there with BCH? You supported shitty coins but not Bitcoin Cash? Fork the maxis, they hold you a hostage? You have a better vision than those blind fools?
Either you support BCH or you are lying everytime you write about builders and use case, and usefulness of crypto.
Fork you and fork your exchange. I respect this website I write this, so I'm not expressing it as I should, but you have done a lot so far, I'm leaving Binance.
Crypto is dying lately, and this is partially your fault supporting all this that happens in your exchange.
Grab the money and run CZ, while it is still early. You caused this.
I will buy more Bitcoin Cash and dump it on your face when you buy again at $ 5,000-10,000. BTC maximalists are dead, their story is not selling any more. CZ and other CZs will be extinct in the near future. I will have fun with you, and I'm going to wait, don't you worry maxis. I love cold dishes.
Accumulating BCH For A Better Tomorrow
There is perhaps one and only one positive of institutional money that profoundly moved into cryptocurrencies all this long until recently.
These are some funds that have a model for longer terms, and work towards sustaining prices.
Bitcoin Cash is severly underrated at $300 and still today broke down this support again and trading at $290, following the rest market.
Weekly lows again for Bitcoin Cash, and why not, lets go lower and we can buy some more. The fiat industry is printing non stop, the FED is only managing the dollar with announcements and inaction, stocks don't seem to stop until they make Musk and Jeff Bezos trillionaires, so we are just selling Bitcoin Cash at $300.
You sell at $300 I am buying. There are whales in this market, do you think any of them wants to sell their BCH this low?
The BCH Whales are Visionaries, Be Like Them
Do you think the whales are investors waiting for a small spike in the chart to dumb on the rest of us?
The whales have a vision, they all believe in Bitcoin Cash and do not trade to create negative terms for Bitcoin Cash but support it, and support all those low investors like me and you.
Everyone in read.cash should be holding at least 1BCH in their wallet, it will be better than just selling it all for your fiat currency. It is less than $300 your fiat wil not help you when you will be in need.
BCH Is The Future Of Money
The most humane cryptocurrency is Bitcoin Cash. You can't make these tips today with BTC or Ethereum, have you tried perhaps Publish0x? What a disaster this place is. It can't even ignore its mistake and switch to BCH or something equal that can work for the tips factor.
Take a step back and consider this. Who will pay you $5 or $10 for a three or four minute article? Why are you greedy and sell? Accumulate BCH. I've read only from a few that do that.
This is your future we are talking about.
You probably can't spend BCH easily today, I understand that, and I am in the same position. But look how this should be.
Do you have a friend or a relative that owns a shop, small or medium business? Talk to them about Bitcoin Cash. Help them out, by downloading a wallet for them. Send some some BCH over and let them find out how easy this is.
They have some risks, but every shop is not just balancing their sales and immediately use the cash earned. This is not for the business but for the user. We accumulate today and even if we don't spend our BCH we will spend fiat.
We don't need the merchants to hodl, they can sell the bottom if they want to, those investors that have a profitable mindset will keep buying.
But what we demand today is a change into the crypto payments and not use fiat.
We still need banks, but less than before. We still need national inflating currencies, but even less than ever before. We have freedom with Bitcoin Cash and the **more we use the network the more the price will rise**, and then we can spend more with less BCH.
Tell Your Local Shop Owners You Only Pay In BCH
We can achieve this partially by increasing the network of crypto and BCH payments. I prefer to use BCH rather than most other cryptocurrencies, although I agree some more like XRP, Nano, Waves, TRX, are equally cheap and fast to use.
Even if we are stuck at home for any external or personal reason we should be able to order a pizza from a nearby restaurant with our Bitcoin Cash.
The right approach, is to let the restaurants, shops, bars around us know we want to pay them with BCH. It takes literally a few minutes to download a wallet and receive payments. Anyone with a business mentality understands that every payment method is important and should not be ignored.
Warning here, don't even consider telling that to the clerck behind the cashier. The one you need is the boss. If the businessman is not available, send an email, depending on the size of the business, he may read it or not. We want all size of businesses adopt Bitcoin Cash.
A large business, a big retail company will not take a single demand serious. It will require hundreds of requests. It will then think about it and decide if it is worth it.
But I tell you one thing, the business that will send one single customer away has already failed as a business.
Finally
Bitcoin in the past was having a mentality that followed what Bitcoin Cash is building today, it could be part or all of the Bitcoin community that supported BCH today, but most of those that are today the Bitcoin maximalists are nothing but intruders that just arrived in 2013-2014 for the trading and for more fiat money.
I can't blame trading, but I blame the serious flaws in their thinking process, and as a serious investor found these guys to be a dangerous company when it comes to investing.
Taking investing advice from crapshooters is not the best method of investing.
@annayks
