About SmartBCH Present State Of Tokens and Miners Of Bitcoin Cash

3 150

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.

16
$ 5.36
$ 5.17 from @TheRandomRewarder
$ 0.05 from @gertu13
$ 0.05 from @Olasquare
+ 6
Sponsors of annayks
empty
empty
empty

Comments

This is just recent. Check out BCH Town, it just rugged a lot of its investors. Haha

$ 0.03
2 years ago

I'm not going to say I told you so, when I definitely didn't, but I read some messages how they told us, when they didn't. This BCH town project started as an NFT or a game.

The moment it rushed an ICO it was dangerous, but nobody really warned since nobody knew what was going to happen. I didn't warn because I wasn't sure either.

I hope this person behind BCH town to catch a fatal disease in the following days and waste the stolen BCH on doctors. That would be Karma.

$ 0.00
2 years ago

On BTC and CBDC, you're quite right. The crypto space is been threatened by these innovation but while some networks like BCH are poised to put up a good fight, BTC stands no chance

$ 0.00
2 years ago